teficsa.com

Friday, February 6, 2009

Denny’s 1,600 chain restaurants across North America, Puerto Rico and Canada, were slammed for eight hours Tuesday with hungry patrons standing on sidewalks for nearly two hours to take advantage of the $5.99 “Grand Slam Breakfast” giveaway.

Denny’s, a dining chain with annual revenue of about $900 million, has advertised in a TV commercial Sunday during the Super Bowl XLIII that it would give away its signature breakfast from 6 a.m. until 2 p.m. local time Tuesday, at all its restaurants in the U.S., Canada and Puerto Rico, while supplies lasted.

Denny’s Diner has promoted the iconic dish giveaway heavily, with a bold 30-second appeal ad that aired during the third quarter of the Super Bowl 43 on Sunday, plus another 15-second ad during the post-game show, offering a free breakfast to some 90 million viewers. In addition, it has placed a full-page ad in USA Today‘s Monday edition. The promotion was further announced on The Today Show and notices were also sent out to the chain’s “Denny’s Breakfast Club” members.

The NBC ad, which was bought to unveil a new promotion for customers squeezed by the recession, may have cost as much as $3 million, said Nelson Marchioli, CEO of Denny’s Corp. Super Bowl XLIII’s 30-second commercial time slot costs $2.4 million–$3 million for the airtime alone, excluding production and talent costs.

The game was televised live by the US NBC Sunday Night Football and Canada’s CTV Television Network. BayTSP has reported that, “as of 10 a.m. Wednesday, commercials that initially aired during NBC’s Super Bowl XLIII broadcast subsequently had been watched online more than 28 million times.”

“The promotion has a total cost of $5 million U.S., which includes $3 million for the commercial on NBC,” said a Denny’s spokesman, noting also that the company received about $50 million in news coverage, most of which was positive. According to a Denny’s representative, two million people walked through the restaurant chains’ doors Tuesday, and each Denny’s restaurant served an average of 130 Grand Slams per hour.

With the “Denny’s Feeds America” promotion, the company has reported 14 million hits on its Web site between Sunday night and Monday morning. Denny’s shares rose 6 cents, or 3.1 percent, to $1.98 in afternoon trading. The stock has traded in a range of $1.18 to $4.10 over the past 52 weeks.

“Denny’s free Grand Slam” has ranked in the top 10 Google searches early Tuesday and fell to No. 18 by the end of the promotion, while “denny s locations” was #9 on Google Trends, which tracks fast-rising searches. It has also held spots No. 1 (Denny’s) and 7 (Grand Slam) on Twitter‘s trending topics. It has generated much chat on Twitter, garnering 1,700 tweets on Tuesday, compared with its average of 59. Doritos, winner of the USA TODAY survey for best Super Bowl spot ad, had 933 mentions after reaching a peak of almost 3,300.

The idea of the TV ad was to get people to come in and re-evaluate Denny’s Diner. “A lot of people have forgotten what Denny’s is, or they think they know, while we’ve come out with a whole lot of new products. We felt like we needed to jump start the brand,” Denny’s Chief Marketing and Innovation Officer Mark Chmiel said.

“We’re celebrating the Grand Slam this year,” Chmiel said. According to the company’s financial data, on January 15 Denny’s reported systemwide comparable-store sales for the fourth quarter were down 6.1 percent, compared to a 0.2 percent decline from the same period in 2007.

According to Robert Gonzalez, public relations company Hill & Knowlton spokesman, Denny’s has expected at least 2 million people to eat a free Grand Slam by the end of the promotion. “Every restaurant is packed with people and lines,” Gonzalez said. “Everything today is about fast. People are on the go, and they’re eating fast food. It’s cutting into sit-down dining,” he added.

“Each of the more than 1,500 Denny’s were planning to make about 100 Grand Slams an hour,” Denny’s spokeswoman Cori Rice said. It had predicted it will have served about 1,400 people per location, more than five times the normal volume. “Grand Slam Breakfast” is a four-item option on its menu, consisting of two pancakes, two eggs, two strips of bacon and two sausage links. It weighs in at 44 grams of fat, 56 carbohydrates and 770 calories.

Nationwide, Denny’s expected to sell about 2 million Grand Slams — about 15 percent of the annual tally. According to Mark Chmiel, chief marketing operator and executive vice president, the diner chain has reported approximately 2 million meals worth more than $12 million were given away nationwide and each Denny’s restaurant served an average of 130 Grand Slams per hour. It estimated it has earned about $50 million worth of public relations following the free Grand Slam campaign, Chmiel said.

The company is also experimenting with a Grand Slam Burrito and also has introduced for this year, a Grand Slamwich, which includes eggs, bacon, sausage and cheese between two slices of bread, with a teaspoon serving. “It already has shown strong consumer appeal,” said Chmiel. The company has received flood of e-mails and letters proving the positive impact of the Grand Slam campaign and commercials on its customers.

Chmiel also announced he’s planning a third major promotion in this year’s third quarter, which happens to include another major sporting event, the World Series. “That’s one we’re definitely looking at,” he said.

Jobless Paris Winslow of downtown San Francisco, California has joined the long line which stretched from the front door on Mission Street, between Fourth and Fifth streets, to the corner of Fourth and up the block. “The economy is getting kind of scary. This line looks like those pictures of soup kitchen lines during the 1929 Great Depression,” Winslow said.

“I came all the way from San Francisco for a free $6 meal, Isn’t that pathetic? A year ago, I never would have done this. These days I’m willing to put my ego on the back burner,” said Stephen Weller, a jobless contractor who waited with his dog, Emmett. California Denny’s restaurant managers have issued rain checks (for free chilled meals, as security backed by actual bacon) to anyone who failed to get in by the 2 p.m. deadline.

A big eater could also “Slam It Up” by adding any two additional items for 99 cents each to their meal. Customers on Tuesday were also handed “bounceback” coupon books that include offers for additional free menu items with purchases. Chicago Tribune reporter Kevin Pang has eaten five free Grand Slams on Tuesday at five different Denny’s Diners in four hours. He claims to have consumed 4,100 calories at Harwood Heights, 5:36 a.m, at Schiller Park, 6:22 a.m., at Franklin Park, 7:08 a.m., at Melrose Park, 7:41 a.m. and at Grand Slam No. 5 Oak Park, 8:57 a.m.

“The Grand Slam has always been a Denny’s favorite. This free offer is our way of reacquainting America with Denny’s real breakfast and with the Denny’s brand,” Denny’s CEO Nelson Marchioli said in a statement. In 1977s, the Grand Slam started as a baseball-related promotion in Atlanta, Georgia. Its normal price averages around $5.99. Marchioli said the event was also a way to kick-off its “Year of the Grand Slam” promotion. Denny’s claimed it has sold 12.5 million Grand Slams a year.

“The economy’s tough and people are jumping all the way to fast food to try to figure it out. We all use fast food, whether it’s for time or convenience or for money. But you can go to Denny’s and you don’t have to give up a real breakfast and that was the whole focus of our commercial,” Marchioli explained. McDonald’s (MCD, Fortune 500) has done well during this economic meltdown since the global recession pushes people toward less expensive dining options.

McDonald’s has announced plans Wednesday to open 175 new restaurants in China this year despite the global economic crisis, thereby increasing the number of outlets in China by 17 percent, from 1,050 currently. Last month, McDonald’s 2008 net profit has risen 80 percent from 2007 to 4.3 billion dollars.

Marchioli has also introduced Denny’s $4 Weekday Express Slam, which is a streamlined version of the Grand Slam. “I want to take back share. For too long, we have allowed others to take share, whether it was Starbucks or McDonald’s. They’re fine competitors and I don’t expect to take all their business from them, but I’d like a little bit back,” Marchioli noted.

According to Rafi Mohammed, author of “The Art of Pricing,” people love free. “It triggers a Pavlovian response in people,” said Mohammed. If Pavlov’s dogs salivate when a bell rings, Denny’s free Grand Slam breakfast has attracted 2 million hungry customers. “I believe free maximizes trial and doesn’t devalue a product as long as it is a rare event. Aside from the cost, the major downside is that it attracts customers who truly have no intention of coming back,” he added.

According to University of Portland consumer psychology professor Deana Julka, people flock to free promotions amid just a few dollars saving because there’s nothing in life for free. “So when there’s something out there that costs nothing, it creates a psychological rush. Especially in these times when people feel overtaxed or overburden, there’s an internal reward people feel by getting something for free,” she said. “It’s being thrifty and feeling like you beat the system. Free really hits the spot for a lot of people,” Julka added.

“Free is an emotional hot button. When free is concerned, there is no downside – or, at least, we don’t see the downside immediately. So we overvalue everything that is free. People love free stuff, particularly when money’s tight,” said Dan Ariely, a business professor at Duke University, author of “Predictably Irrational: The Hidden Forces That Shape Our Decisions.”

Experts, however, explained these moves need to be done sparingly, since giveaways can teeter in the balance between desperation and a well designed marketing ploy. “Giving your product away for free is not worth it because it undermines your brand value,” said branding expert Rob Frankel, saying people are attached to the idea of it being free, than the actual product itself.

Free giveaways are not anything new in the food industry. “It just feels good when you can get something for free and not have to worry about it coming out of your wallet,” Frankel noted. Dunkin’ Donuts and Panera Bread all have had free coffee and food promos last year. “In November, Starbucks gave away free cup of coffee to anyone who came in on Election Day. Have you taken a look at how Starbucks is doing now?” Last week it has announced it would shut down 300 stores, in addition to the 600 it already planned to close.

On February 24, IHOP will be offering a free shortstack to every customer to encourage donations (in place of the cost) for Childrens Miracle Network. The International House of Pancakes (IHOP) is a United States-based restaurant chain that specializes in breakfast foods and is owned by DineEquity. The chain had more than 1950 restaurants in all 50 states, the U.S. Virgin Islands, Canada and Mexico. Since 2006, IHOP’s National Pancake Day celebration has raised over $1.85 million. In 2008, over 1.5 million pancakes (12 miles high if they were stacked) were given to customers for donations.

Denny’s (“Denny’s Diner”) is a full-service diner/family restaurant chain in the United States. It operates over 2,500 restaurants in the United States (including Puerto Rico), Canada, Curaçao, Costa Rica, El Salvador, Jamaica, Japan, Mexico, and New Zealand). The resto chain is known for always being open, serving breakfast, lunch, dinner, and dessert around the clock.

Today, Denny’s operates about 1,600 restaurants in all 50 U.S. states, Canada and Mexico. There are also about 578 Denny’s restaurants in Japan operated under a license by a subsidiary of Seven & I Holdings, seven Denny’s locations in New Zealand, and approximately 38 Denny’s diners in the United States. Denny’s headquarters is now located in Spartanburg, South Carolina, headquarters of the parent company Trans World Corporation that acquired Denny’s in 1987.

Denny’s was historically notable for offering a free meal to anyone on their birthday. The offer included a limited number of meal options from a special birthday menu. The promotional ritual ceased in 1993, though occasionally individual franchises will continue the tradition.

In 2008, Denny’s has ceased to be in the ranks among the top diner chains in the $83 billion breakfast market, whose top five firms — McDonald’s, Starbucks, Dunkin’ Donuts, Burger King and IHOP — accounted for 22 percent of the volume. “A lot of consumers have written Denny’s off their let’s-go-there list,” said Ron Paul, president of Technomic, a consulting firm.

Super Bowl XLIII was an American football game between the American Football Conference champion Pittsburgh Steelers (15–4) and the National Football Conference champion Arizona Cardinals (12–8) to decide the National Football League (NFL) champion for the 2008 NFL season. It was played on February 1, 2009, at Raymond James Stadiumin Tampa, Florida. It has an attendance of 70,774 and 98.7 million viewers. Pittsburgh earned its sixth Super Bowl win, thus securing sole possession of the record for most Super Bowl wins.

Monday, November 28, 2005

SpaceX called off the much-delayed inaugural launch of their new Falcon 1 rocket on Saturday from Kwajalein’s Omelek Island launch site. The intent was to launch the U.S. Air Force Academy’s FalconSat 2 satellite, which will monitor plasma interactions with the Earth’s upper atmosphere and magnetosphere.

The launch was delayed, then finally cancelled after an oxygen boil-off vent had accidentally been left open. The oxygen was unable to cool the helium pressurant, which then proceeded to evaporate faster than it could be replenished. A main computer issue, probably serious enough to cause a scrub on its own, was also discovered.

This long-anticipated flight was originally expected to be launched in January 2005, however a series of setbacks forced a series of delays, with the flight most recently scheduled to be in early 2006. It was intended to be launched from the Kwajalein atoll in the middle of the Pacific Ocean.

The maiden voyage was originally intended to launch from Vandenberg Air Force Base in California with a Naval Research Laboratory satellite and a Space Services Incorporated space burial payload.

Thursday, January 10, 2008

Lam Luong, a 37 year old shrimp fisherman from Irvington, Bayou La Batre, Alabama, United States, has confessed to throwing his four children off an 80 feet high bridge after a fight with his wife the day before. Police have charged Luong with 4 counts of capital murder.

Family members and friends told Fox News that the couple had been fighting over several things, including Luong’s girlfriend, on Sunday evening and Monday morning. Luong later drove off with his four children, whom he reported missing to the police and claimed he had left them with his girlfriend who lives in a hotel. Police however became suspicious due to “holes in his story” and he later changed his story. The Associated Press say that the authorities believe that Dauphin Island Bridge is where Luong threw the four children, of which he was the biological father of three, into the water.

Initially the family had feared that Luong had traded his children to fund a drug habit. Luong’s wife, Ngoc Phan, is at the family home which they shared with her mother. She was not available to comment to the media, but other family members said that they still have hope that the children are alive.

Police and other authorities are using divers, dogs and helicopters to search for the bodies in a 100-square-mile area with a total of 70 people on the case. The search had to be called off on Wednesday due to fog. Luong is scheduled to appear in court on Thursday January 10, 2008.

Friday, March 9, 2007

Imagine coming back from a camping trip in the desert. Then a few months later you notice in your photos from the trip that you camped inside a giant impact crater so big that no one documented it before. Could it happen?

During several trips to the Black Rock Desert, mostly while supporting the Stratofox Aerospace Tracking Team for suborbital space rocket launch efforts, Ian Kluft KO6YQ noticed some oddities in rock formations. He had a little experience with volcanoes, and some rocks in the area looked unusual. There seemed to be some lava here and there – but where was the volcano? He observed that even a large caldera should have mostly volcanic rocks. He then noticed some curved geographic structures in satellite imagery which made him curious if it might be an impact crater.

A TV documentary about meteor impacts mentioned some characteristics of impact craters. He went to the Internet to learn more. He noticed some of his own pictures of the area had cone shaped structures which might be “shatter cones” due to an impact shock wave that passed through the rocks. Discussion with others produced suggestions and volunteers who joined the effort. More circular features in satellite photographs were found. Igneous dikes through white layers of rock had been described and were visible in many photos.

The possible impact crater is 30 miles (48 km) wide east-to-west and 40 miles (64 km) north-to-south centered around 40.984045 N, 118.916016 W. That is in northwestern Nevada halfway between Reno and the Oregon border. The apparent ancient geological structure is so old that much of it is eroded away. The forces that eroded the Black Rock Desert itself, whether glacier or stream, have apparently cut through the crater rims and floor to do it.

Following an expedition to the area in late January, more possible shatter cones were observed in one of the rock samples collected. These are only formed by the shock wave of an impact event or nuclear explosion. The nearest nuclear test was underground at Sand Springs Range in central Nevada. Atmospheric tests at the Nevada Test Site were at the southern, and opposite, end of the state. So that points toward an impact if confirmed. But professional geologists will want to have the final word on confirming them.

In addition to shatter cones, rock samples were thought to contain shocked quartz because the criss-cross fractures looked like examples in online documents. But this group of volunteers doesn’t have equipment for proper photography of shocked quartz. If found, that would be another way to prove the impact origin of the rocks.

Columnar jointed columns hundreds of feet tall appear on some bluffs in locations that appeared consistent with part of a slowly cooling crater floor. But that alone only helps as part of a bigger picture, because volcanoes can have lava cool in columnar joints as well.

They also found local geological studies which described oddities which could be explained by an impact event. Layers of rocks in the mining district called Sulphur left geologists with a mystery about the cause of chemical alterations since 1980. The group compared it with information in online geological texts like “Traces of Catastrophe” by Dr Bevan M French of the Smithsonian Institution. Layers of impact ejecta seemed to explain the rock layers better than the previous theory about acid uniformly cooking the rocks across the region, and only in one layer of rocks. A separate 1980 study 40 miles away identified an immense air-fall tuff layer in the Soldier Meadows area as having been deposited in a single unit, yet couldn’t locate the volcano which produced this enormous volume. Fault diagrams published online by a mining operation at Sulphur on the edge of the circular structure from the satellite photo also look like curved terraced faults in the wall of a crater.

The mining geologists who wrote papers from 1980 to 2002 had not mentioned the possibility of a crater. But they were each gathering single puzzling pieces of information. A larger image seemed to be forming when putting the pieces together. The group hopes the information will be helpful to geologists who do further work in the region.

The theory hasn’t been put to any test by professionals yet. Some responses point out that the elliptical region reported as the possible impact crater could also be the volcanic caldera that the 1980 study was looking for. If so, such a large volcanic caldera would still be a significant discovery for the region.

This will remain officially a mystery for a while until the professional geologists get to study it. There is a lot of information available online for those who are interested.

Tuesday, November 28, 2017

On Saturday, Argentine forward Lionel Messi signed a contract extension with Spanish football club FC Barcelona, the club announced via their official website. The new contract runs until 2021.

30-year-old Messi joined Blaugrana from Argentine club Newell’s Old Boys in 2000 at the age of thirteen and made his professional debut at the age of seventeen. In his tenure at Camp Nou, the Argentine international has won four UEFA Champions League titles, eight Spanish LaLiga titles, five Copa del Rey trophies, seven Supercopa de España (Spanish Super Cups), three European Super Cups, and three FIFA Club World Cups. Along with Barcelona’s midfielder Andrés Iniesta, Messi has won 30 trophies with the Catalans, the most in the club’s history.

Messi has played 603 games in the Catalan jersey, scoring 523 goals in all competitions including 361 goals in LaLiga. All time top-scorer in LaLiga and FC Barcelona’s history, Messi won his fourth European Golden Shoe on Friday for finishing as the top-scorer in all European leagues, scoring 37 goals in LaLiga last season.

Per the previous contract, Messi was tied to FC Barcelona until June 2018. Per the new contract, the Argentinian’s buy-out clause is set to €700 million which was previously set to €300 million. After penning the three-year extension, Messi said, “I’m happy to continue with the club, which is my home. My dream was to finish my career at Barca and we are moving down that path.”

Tuesday, August 31, 2010

Every September, the Apple iPod is redesigned. Last year saw the release of the iPod Nano 5th generation, bringing a video camera and a large range of colours to the Nano for the first time. But as Apple again prepares to unveil a redesigned product, the company has released their quarterly sales figures—and revealed that they have sold only 9m iPods for the quarter to June—the lowest number of sales since 2006, leading industry anylists to ponder whether the world’s most successful music device is in decline.

Such a drop in sales is not a problem for Apple, since the iPhone 4 and the iPad are selling in high numbers. But the number of people buying digital music players are concerning the music industry. Charles Arthur, technology editor of The Guardian, wrote that the decline in sales of MP3 players was a “problem” for record companies, saying that “digital music sales are only growing as fast as those of Apple’s devices – and as the stand-alone digital music player starts to die off, people may lose interest in buying songs from digital stores. The music industry had looked to the iPod to drive people to buy music in download form, whether from Apple’s iTunes music store, eMusic, Napster or from newer competitors such as Amazon.”

Mark Mulligan, a music and digital media analyst at Forrester Research, said in an interview that “at a time where we’re asking if digital is a replacement for the CD, as the CD was for vinyl, we should be starting to see a hockey-stick growth in download sales. Instead, we’re seeing a curve resembling that of a niche technology.” Alex Jacob, a spokesperson for the International Federation of the Phonographic Industry, which represents the worldwide music industry, agreed that there had been a fall in digital sales of music. “The digital download market is still growing,” they said. “But the percentage is less than a few years ago, though it’s now coming from a higher base.” Figures released earlier this year, Arthur wrote, “show that while CD sales fell by 12.7%, losing $1.6bn (£1bn)in value, digital downloads only grew by 9.2%, gaining less than $400m in value.”

Expectations that CDs would, in time, become extinct, replaced by digital downloads, have not come to light, Jacob confirmed. “Across the board, in terms of growth, digital isn’t making up for the fall in CD sales, though it is in certain countries, including the UK,” he said. Anylising the situation, Arthur suggested that “as iPod sales slow, digital music sales, which have been yoked to the device, are likely to slow too. The iPod has been the key driver: the IFPI’s figures show no appreciable digital download sales until 2004, the year Apple launched its iTunes music store internationally (it launched it in the US in April 2003). Since then, international digital music sales have climbed steadily, exactly in line with the total sales of iPods and iPhones.”

Nick Farrell, a TechEYE journalist, stated that the reason for the decline in music sales could be attributed to record companies’ continued reliance on Steve Jobs, CEO of Apple, saying that they had considered him the “industry’s saviour”, and by having this mindset had forgotten “that the iPod is only for those who want their music on the run. What they should have been doing is working out how to get high quality music onto other formats, perhaps even HiFi before the iPlod fad died out.”

When Jobs negotiated a deal with record labels to ensure every track was sold for 99 cents, they considered this unimportant—the iPod was not a major source of revenue for the company. However, near the end of 2004, there was a boom in sales of the iPod, and the iTunes store suddenly began raking in more and more money. The record companies were irritated, now wanting to charge different amounts for old and new songs, and popular and less popular songs. “But there was no alternative outlet with which to threaten Apple, which gained an effective monopoly over the digital music player market, achieving a share of more than 70%” wrote Arthur. Some did attempt to challenge the iTunes store, but still none have succeeded. “Apple is now the largest single retailer of music in the US by volume, with a 25% share.”

The iTunes store now sells television shows and films, and the company has recently launced iBooks, a new e-book store. The App Store is hugely successful, with Apple earning $410m in two years soley from Apps, sales of which they get 30%. In two years, 5bn apps have been downloaded—while in seven years, 10bn songs have been purchased. Mulligan thinks that there is a reason for this—the quality of apps simply does not match up to a piece of music. “You can download a song from iTunes to your iPhone or iPad, but at the moment music in that form doesn’t play to the strengths of the device. Just playing a track isn’t enough.”

Adam Liversage, a spokesperson of the British Phonographic Industry, which represents the major UK record labels, notes that the rise of streaming services such as Spotify may be a culprit in the fall in music sales. Revenues from such companies added up to $800m in 2009. Arthur feels that “again, it doesn’t make up for the fall in CD sales, but increasingly it looks like nothing ever will; that the record business’s richest years are behind it. Yet there are still rays of hope. If Apple – and every other mobile phone maker – are moving to an app-based economy, where you pay to download games or timetables, why shouldn’t recording artists do the same?”

Well, apparently they are. British singer Peter Gabriel has released a ‘Full Moon Club’ app, which is updated every month with a new song. Arthur also notes that “the Canadian rock band Rush has an app, and the industrial rock band Nine Inch Nails, led by Trent Reznor – who has been critical of the music industry for bureaucracy and inertia – released the band’s first app in April 2009.” It is thought that such a system will be an effective method to reduce online piracy—”apps tend to be tied to a particular handset or buyer, making them more difficult to pirate than a CD”, he says—and in the music industry, piracy is a very big problem. In 2008, the International Federation of the Phonographic Industry estimated that 95% of downloads were illegitimate. If musicians can increase sales and decrease piracy, Robert says, it can only be a good thing.

“It’s early days for apps in the music business, but we are seeing labels and artists experimenting with it,” Jacob said. “You could see that apps could have a premium offering, or behind-the-scenes footage, or special offers on tickets. But I think it’s a bit premature to predict the death of the album.” Robert concluded by saying that it could be “premature to predict the death of the iPod just yet too – but it’s unlikely that even Steve Jobs will be able to produce anything that will revive it. And that means that little more than five years after the music industry thought it had found a saviour in the little device, it is having to look around again for a new stepping stone to growth – if, that is, one exists.”

Wednesday, March 3, 2010

General Motors (GM) announced on Tuesday a recall of 1.3 million Chevrolet and Pontiac cars in the US, Mexico, and Canada over problems with the power steering system.

The models, the 2005–2010 Chevrolet Cobalt and 2007–2010 Pontiac G5 in the US, the 2005–2006 Pontiac Pursuit in Canada and the 2005–2006 Pontiac G4 in Mexico, were affected by a fault that causes the power steering in the vehicles to fail. The company says that cars can still be safely controlled even after the loss of power steering, although more effort to turn the car would be required.

GM is currently working on developing a fix for the problem, after having conducted an internal investigation for more than a year, beginning last January. In addition to GM’s investigation, the National Highway Traffic Safety Administration also conducted an investigation on the Cobalt, which began in January 2010. The investigation was begun after more than a thousand complaints about the model were received by the agency, including reports of 14 crashes caused by the fault. GM contacted the NHTSA about the problem on Monday.

GM blamed the issues on an external supplier partially owned by Toyota, another company currently in the process of a major recall of more than eight million vehicles. According to GM vice-chairman Bob Lutz, the supplier, which was not named, had not met “all requirements for reliability and durability.” In his comments, given at the Geneva Motor Show, Lutz also said that financial responsibility for the recalls had yet to be determined.

• A Chevrolet Cobalt

• A Pontiac G5

Friday, January 10, 2020

On Tuesday, the Greek prime minister Kyriakos Mitsotakis reasserted the openness of the EastMed project, which is aimed at connecting the Eastern Mediterranean gas fields with the European mainland via a pipeline through contested waters.

In his Tuesday live-streamed talk at the United States think tank Atlantic Council’s Washington headquarters, Mitsotakis reaffirmed that the EastMed project, which currently involves Greece, Cyprus and Israel, is open for other countries to join. “We don’t seek to exclude anyone from energy cooperation in the Eastern Mediterranean provided they respect international law”, he said, repeating his January 2 remarks made on the EastMed signing ceremony.

He also commented on the Turkish-Libyan maritime border agreement, calling it “null and void” and “geographically ridiculous”. “The agreement assumes that our islands, including our biggest island Crete, does not have an exclusive economic zone, which goes against everything we know in international law”, he added. He also noted that the Libyan House of Representatives rejected the demarcation, and that Greece and Turkey might end up before International Court of Justice in the Hague if talks would fail. Mitsotakis underlined they keep channels to Turkey open for dialog and that he would be “very-very happy if Turkey were to reconsider its overall approach”.

Later on Tuesday Mitsotakis met with the International Monetary Fund, then with President Trump, where he denounced the border agreement again. In regard of clashing exclusive economic zone claims, he noted “it is important to point out that the agreement signed between Turkey and Libya infringe upon Greece’s sovereign rights”.

On last Thursday, the delegations of Cyprus, Greece and Israel had met for their seventh trilateral summit, that time in Athens at the Zappeion Hall, to sign an agreement to construct the EastMed pipeline by 2025. The meeting was attended by Israeli prime minister Benjamin Netanyahu and energy minister Yuval Steinitz, Greek prime minister Kyriakos Mitsotakis and energy minister Konstantinos Hatzidakis, and Cypriot president Nicos Anastasiades and energy minister Georgios Lakkotrypis. The agreement was signed by the energy ministers. Greek daily Kathimerini said Greece and Cyprus had to speed up to counter possible Turkish interference with the project.

Earlier that day, the Greek gas producer Energean signed a letter of intent on selling two billion cubic meters of gas per year to the Greek gas supplier DEPA. The planned pipeline capacity is 10 billion cubic meters per year. Energean has committed 1.7 billion dollars in the Karish and Tanin fields.

With this forming of political and economic alliance with Hellenic countries, Netanyahu envisioned the pipeline to end their “fringe country” status. Netanyahu called on Italy and Egypt to join the project, adding “We call on any other country that wishes to join us to do so”. In Cyprus, the ruling Democratic Rally in Cyprus hailed the pipeline as an advancement in the nation’s sovereignty. Progressive Party of Working People, the main opposition force, underlined that the agreement is only a legal framework, and actual construction is in the hands of still undecided private investors. Turkish Foreign Ministry spokesman Hami Aksoy underlined Turkish and Turkish Cypriot mining rights in the region, and projected a failure if these would be overlooked.

Otranto, Italy is a proposed end point for the pipeline, and Italian economic development minister Stefano Patuanelli sent a letter of support prior to the signing, but the minister said they are to build another pipeline to Igoumenitsa, Greece. The United States expressed its support via the December 20 signing of the Eastern Mediterranean Bill, a July 25 quadrilateral meeting in Washington, and sent Secretary of State Mike Pompeo to join the trilateral meeting of EastMed countries on March 20 last year. The EU partially funded the feasibility studies, as it considers the EastMed pipeline to be a Project of Common Interest (PCI), ending the energy isolation of Crete and Cyprus, and diversifying the gas supply of Europe, when completed.

In December, a Turkish official said that the trans-Anatolian pipeline, which is already up and running, renders the EastMed building effort unnecessary, Cyprus Mail reported. On November 27, Turkey and Libya signed a maritime border agreement, according to which a section between Crete and Cyprus would cross the Turkish economic zone. Athens expelled the Libyan ambassador to Greece over this issue. Turkey maintains a position that only Northern Cyprus, which is recognized only by Turkey, has the right to the exclusive economic zone around the island. Because of its drilling operations there, Turkey is already under EU sanctions, and was condemned in a joint statement by Egypt, Greece and Cyprus on October 8.

In 2017, a memorandum of understanding about the pipeline was signed between Cyprus, Greece and Israel.

According to the Cyprus Mail, the 2000 km long pipeline is to connect the fields with Crete, the Greek mainland, and would end in Otranto, Italy. The May 2019 map of gas routes by Gas Infrastructure Europe draws the pipeline between the Aphrodite gas field and Thesprotia, Greece, where it merges with the Poseidon line en route to Italy.

Alex Lagakos, deputy director of the Greek Energy Forum, said the project has a geopolitical significance rather than an economic one. He called it unlikely that the EU would finance the project, as it has committed itself to green energy. The estimated cost is six billion euros, but the saturation of the gas markets and competition from liquid natural gas (LNG) terminals are likely to keep private investors away, he noted. Egypt has two usable terminals in the Nile-Delta, in Damietta and Idku. On September 19, 2018, Cyprus and Egypt had signed an alternative deal to export Aphrodite gas through these ports via a new pipeline.

Haifa University geostrategy expert and former Israeli security official, Avinoam Idan, said the new EastMed supply can’t be considered a significant geopolitical change to Europe’s energy market, as it would not affect the market share of Russian gas. In the analysis of the German Institute for Economic Research, the high costs and technical challenges render the project unrealistic.

During the trilateral meeting of Cyprus, Greece and Israel on January 28, 2016, the then-envisioned EuroAsia Interconnector was considered as an alternative route to export the gas as electricity. The 1000 megawatt underwater cable connecting the three power grids is to be completed by December 2023. The estimated cost is 2.5 billion euros, and the EU considers it a PCI. EuroAfrica Interconnector, a similar project between Greece, Cyprus and Egypt, is also in its planning stage.