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Tuesday, November 21, 2006

Buffalo, New York —Buffalo, New York developers have been stymied by old real estate deeds.

The prospective Elmwood Village Hotel may be scuttled and businesses now located there may be forced to move.

Frustrations over property located in an area once known as “Granger Estates” circulate around a clause in the original deeds over land divided by then-owner Erastus Granger in the early 1800’s.

According to the documents, “no business establishment of any kind whatsoever” shall ever be constructed on the property, and they shall forever be exclusively for residential use only. Also prohibited are barns, farms and stables.

Sam Savarino, CEO of Savarino Companies, the prospective hotel developer, announced that his legal research team found the restrictions on properties located between 1109 and 1121 Elmwood Avenue which also stated in part that “no businesses, hospitality establishment of anykind whatsoever” shall ever be permitted to be built on the property.

Savarino, whom is expected to contest the restrictions, said that his company could have ignored the findings, but that, “we can’t risk the future of a multimillion-dollar project on the hope they wouldn’t be discovered. Our opponents would have had a field day if they’d surfaced after the fact.”

Savarino said his attorneys and researchers are anticipated to determine “exactly what weight the restrictions carry and if there’s a way for the courts to negate them.”

Existing businesses are also jeopardized.

Hans Mobius, owner of some of the restricted properties upon which a carriage house is built, said, he wasn’t aware of any restrictions, and “never had a reason to research the deed and title documents.” He confidently added that, “the lawyers can get this taken care of.”

Other threatened businesses include Don Apparel, H.O.D. Tattoo, Forest Plaza Art Gallery and Allentown Music.

Saturday, May 26, 2007

The mainstream press has recently uncovered the story of a wild pig, nicknamed ‘Monster Pig‘ killed on May 3, 2007, by an eleven year-old boy, Jamison Stone. The location is disclosed as a 2,500-acre commercial hunting preserve called Lost Creek Plantation, outside Anniston, Alabama.

The wild hog weighed 1,051 lbs. and was 9 ft. 4 in. from the tip of its snout to the end of its tail. The hog’s head was mounted on an extra-large foam form and measured 54 inches around the head, 74 inches around the shoulders and 11 inches from the eyes to the end of its snout. The balance of the hog is being turned into approximately 500 to 700 lbs of sausage. Jerry Cunningham, an Oxford taxidermist, said it was, “[the] Biggest thing I’d ever seen”. Wildlife specialist Dr. Jim Armstrong commented on the size said, “You might get a boar that weighs 300 or so, [Monster Pig] that’s a big pig”.

Stone said he shot the pig eight times using a Smith & Wesson Model 500 with a holographic scope and ported barrel firing 350-grain Hornady cartridges. Stone had to chase the hog for three hours through hilly woods before finishing it off with a point-blank shot.

The web host godaddy.com for the official web site monsterpig.com advised Stone that the number of hits totaled 1,246,464 as of Monday, May 21st.

Two previous record holders are Hogzilla a wild hog that was shot and killed in Alapaha, Georgia, on June 17, 2004, by Chris Griffin on Ken Holyoak’s farm and hunting reserve. It was alleged to be 12 feet (3.6 meters) long and to weigh 1,000 pounds (450 kg). Its weight was later determined to be closer to 800 lbs. A second involved local news media that reported on January 5, 2007, an 1,100 pound (500 kg) hog was shot in Fayetteville, Georgia. The shooter was William Corsey, who hung the specimen from a tree in his yard. A spokesperson from the Georgia Department of Natural Resources said that large boars and feral hogs were common in South Georgia, but that no records are kept on them. The media latched on to the notion that this animal rivals the size of Hogzilla.

Friday, December 10, 2010

Leaked diplomatic cables between Australia and the US Secretary of State, Hillary Clinton, have raised controversy in the Australian community. The documents were released by the whistle-blowing website Wikileaks. The cables between the then prime minister of Australia, Kevin Rudd, and the US Secretary of State, Hillary Clinton, revealed that China may need to be forced to integrate into the international community. The secret documents also contained information of a conversation between Clinton and Rudd in Washington. In the interview, Rudd stated that China was “paranoid” about Taiwan and Tibet.

The sensitive documents may place a strain on diplomatic relations between Australia and China. Despite this, Kevin Rudd reassured the public that the “robust” relationship between Australia and China wouldn’t sustain any substantial damage to the relations between the two countries. At this stage, Prime Minister Julia Gillard has provided no further comment on the matter, other than to ensure that the relationship between China and Australia would allow opinions to be expressed without any threat to either side.

At the heart of the leaks is Australian founder, Julian Assange. Wikileaks have now released 821 of their promised 251,287 US diplomatic cables. The cables are being released on a stage-by-stage basis. Earlier this week, Assange was arrested on suspicion of rape in London under a Swedish arrest warrant placed on him from a court in Stockholm on November 18.

Thursday, September 21, 2017

On Monday night, New Jersey, US-based toy retail giant Toys R Us filed for bankruptcy in the US as well as in Canada. The retailer filed it from Richmond, Virginia for Chapter 11 bankruptcy code in the US, and a judge allowed a loan of over US$2 billion.

According to the filing, the retail chain owns US$6.6 billion in assets, but has a debt of US$7.9 billion. They were under a roughly US$5 billion debt since the company underwent a three-way acquisition in 2005. Kohlberg Kravis Roberts, Bain Capital, and Vornado Realty Trust acquired Toys R Us for around US$7 to US$7.5 billion. After the US judge approved a loan, Toys R Us received about US$3 billion from the lenders to continue the business and survive a competitive market, and restructure their business model. E-commerce giant Amazon.com, Walmart and Target are some of the competitors for the conventional ‘brick and mortar’ toy shop, with lower priced-merchandise and fast, cheap delivery. In a conference call in June, CEO Dave Brandon said “very, very aggressive pricing online” was causing problems. He also said the company was experiencing “significant weakness in demand for their products globally”. Toys R Us are to clear a debt of US$400 million by May 2018.

Toys R Us said they would continue to operate for the holiday season. Bankruptcy lawyer Jeff Gleit said Toys R Us “need to do both a financial restructuring as well as an operational restructuring” and “needs to modernize with the times”. Last holiday season, Toys R Us made sales around US$4.5 billion. Overall, the company reported a US$29 million loss in 2016. CEO Brandon said, “Our objective is to work with our debt holders and other creditors to restructure the US$5 billion of long-term debt on our balance sheet, which will provide us with greater financial flexibility to invest in our business”.

Toys R Us employs more than 60 thousand people in 38 countries around the world in more than 1600 stores. The company’s stocks fell by six percent after filing for Chapter 11 protection. US bankruptcy code Chapter 11 allows the company to restructure under a plan approved by the court. The company would also be shielded from creditors’ claims during the process. For the stores located in Canada, Toys R Us filed bankruptcy in Ontario and are to undergo reorganisation. However, 259 stores located outside the US or Canada will not undergo reorganisation, the company said.

Over 300 US-based retailers have filed for bankruptcy this year, and hundreds of stores closed.

Tuesday, December 16, 2014

A freighter hit a fishing boat around midnight on Sunday morning in the Gulf of Suez in the Red Sea. Of the 40 Egyptian fisherman on board, thirteen are dead and thirteen more missing.

Survivor Al Sayyed Mohamed Arafat told local media he jumped from the fishing boat, named Badr al-Islam, as the container ship approached. He says he hung onto a wooden crate for four hours before rescue. Local authorities have promised compensation to each survivor.

A vessel, flagged in Panama, suspected to be involved in the collision has been detained by the military. The army said yesterday one victim raised the alarm by phone and the military sent four boats and a helicopter to commence search and rescue off the Gabal al-Zayt coastline.

A plane has since joined the search. The military say the fishing boat lacked safety equipment for emergency communications.

The detained ship was found south of the Gulf, near the port of Safaga. It was carrying 220 tonnes of cargo according to the General Authority for the Red Sea Ports.

April 27, 2005

The world’s largest passenger aircraft, the Airbus A380, has made its maiden flight after lifting off from Toulouse in France.

The take-off, at 08:30 UTC, was apparently normal and took place exactly on time. The aircraft flew into clear blue skies with a flight crew of six (all wearing parachutes as a safety precaution) and twenty tonnes of test equipment on board.

Around 50,000 people watched the maiden flight, many sitting on grass banks lining the runway. More people watched the flight on a giant screen erected in the centre of Toulouse.

The test flight lasted four hours, with the aircraft flying no higher than 10,000 nor further than 100 miles from Toulouse as it circled the Bay of Biscay.

The A380, known for many years during its development phase as the Airbus A3XX, will be the largest airliner in the world by a substantial margin when it enters service.

The first A380 prototype was unveiled during a lavish ceremony in Toulouse, France, on January 18, 2005. Its manufacturer’s serial number is 001, and it is registered F-WWOW.

The new Airbus will initially be sold in two versions: the A380-800, a full double-decker configuration, able to carry 555 passengers in a three-class configuration or up to 800 passengers in a single-class economy configuration. Range for the A380-800 model is expected to be 8,000 nautical miles (14,800 km). The second model, the A380-800F dedicated freighter, will carry 150 tons of cargo 5,600 miles (10,400 km).

The cost of the project so far is £8.4bn, £1bn over budget. 144 planes have already been ordered. Singapore Airlines, which will be the first company to operate the new air giant, in July 2006, have opened a reservation site for this first regular flight.

Saturday, September 29, 2007

After the launch of “Halo 3” on Tuesday (September 25), Microsoft promoted a brand new Xbox360 racing game “Project Gotham Racing 4” (PGR4) with a friendship match as a “TOP on TOP” competition between Taiwanese World Cyber Games (WCG) PGR3 Delegate You-cheng Liu and “Drift Master of Taiwan” Po-hsiung Chou at YAMAHA MotorTown in Taipei City, Taiwan.

Before the friendship match, Cary Chen (Senior Product Marketing Manager of Entertainment and Device Division, Microsoft Taiwan) show the new features on PGR4 to the press, VIPs, and guests and praised the “PGR” game series with the “Kudos” skill points. He remarked that in the “PGR4”, not only joined new car type and racing motorcycles, but also add Dynamic Weather System feature for the performance of new different type experiences on weathers, driving, and racing lane.

Chen also remarked that PGR series is surely respected because of the racing game competition factor on WCG from 2006. This “PGR” series can realize lots of dreams of players on making some special skills which can’t be done on reality. With the Xbox Live linking, PGR series has successfully made a great achievement.

After the presentation and demos, Microsoft Taiwan held a friendship match. Before the match, Y. C. Liu welcomed P. H. Chou with Chou drove a BMW car to the main entrance. After the entrance, the match started. With the witnesses of VIPs, press, and players, Liu won the friendship match by the turning fault of Chou. Even though Chou wanted to invite Live as a racer in reality after the match, but Liu temporarily declined with his consideration.

Microsoft Taiwan announced that the Chinese Version of “PGR4” will be available on October 5, and welcomed players competing with “I want ‘PGR4’ Helmet!” photo competition. And also, “Yamaha PGR4 Cup – Taiwan Driving Master Championship” will be held and set qualification section in October and final section in December of Information Month in Taipei.