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Friday, November 28, 2008

At least two people have been shot and killed in Palm Desert, California, after a gunman opened fire inside a Toys “R” Us toy store.

A spokesman for the Riverside County sheriff’s office said shots were reported to have been fired inside the store, and that two people had been shot and killed. Witnesses say that a fight erupted between two men. It then got louder and louder, when one pulled out a gun and began to shoot.

One man told the Associated Press that he thought the argument might have been due to a toy the men were fighting over.

Black Friday, the day after Thanksgiving in the U.S., is traditionally known as the biggest shopping day in the country when many retailers have deep discounts and sales on many products. Shoppers generally wake up early and spend much of the day shopping.

Earlier today, a worker was killed and at least three others were injured in a Black Friday door-buster sale stampede at a Wal-Mart in Long Island, New York. They had been knocked over and trampled by a crowd of other shoppers entering the store when it opened.

Tuesday, November 20, 2007

University of Michigan Wolverines head coach Lloyd Carr, who had coached the college football program for thirteen years, announced his retirement from the coaching profession, effective after the Wolverines’ bowl game.

“Yesterday was one of the most emotional days of my life,” Carr said at his press conference, referring to when he informed his team of his retirement. “I’ve cried more tears than I knew I had. I’ve never laughed so hard in my life. There’s so many memories. It was a wonderful day.”

During his tenure at Michigan, Carr won five Big Ten Conference championships and a national championship in 1997. He had a disappointing 1-6 record vs. Jim Tressel’s Ohio State Buckeyes, though his overall record vs. Ohio State was 6-7. Carr’s last victory over Ohio State came in 2003. He amassed a 121-40 overall record while at Michigan and ranks seventh among active coaches with a 75.2 winning percentage.

There has been a lot of speculation, even before Carr’s retirement, regarding who would become the next Michigan head coach. Current Louisiana State University head coach Les Miles is viewed as the top candidate to replace Carr.

Observers see Les Miles as the front-runner despite his recent comments. “I want to stay just where I’m at,” Miles said. “I don’t want to think about it. Don’t want to envision it. I want to go forward and prepare.”

Saturday, July 19, 2008

This year’s Leisure Taiwan trade show (a.k.a Taiwan Sport Recreation and Leisure Show) started yesterday, with 131 companies participating including sports media companies such as ESPN and VideoLand Television, businesses selling sports equipment and fitness clubs.

There were also a variety of sports being played in the arena built for the trade show. The events included a 3-on-3 basketball tournament, free style shooting, and bicycle test-riding. In addition, conferences discussed issues related to sports and physical education.

A major topic in the trade show was energy-efficiency and, as a result, bicycles and similar sports equipment were being heavily promoted.

Next Tuesday, companies from the electronics industry plan to promote their industry at “2008 Digital E-Park.” In previous years, organizations from the electronics industry have showcased their products at Leisure Taiwan instead of at the Digital E-Park, so this move has reduced the number of markets covered by Leisure Taiwan.

Friday, January 28, 2005

New York —American manufacturing giant Proctor & Gamble (P&G) plans to acquire Gillette Co. for US$57 billion in stock. The purchase plan calls for P&G to swap 0.975 shares of its stock per share of Gillete Co. P&G also announced a stock buyback program in which they would purchase up to US$22 billion of shares over the next 18 months. Including the stock buyback program, the merger is being financed by 60 percent stock and 40 percent cash.

P&G is known for brands such as Ariel and Tide washing powder, Max Factor cosmetics, Pringles potato crisps (chips) and Hugo Boss and Lacoste perfumes.

Gillette, known for brands such as Gillette razors, Oral B dental care, and Duracell batteries, has had growing problems with the growth of private labels and price cuts demanded by large supermarkets.

After the acquisition is completed, Gillette’s CEO James Kilts will be P&G’s vice-chairman. Kilts said that he expects that this acquisition will cause additional mergers to take place.

“I believe the consumer product industry needs to consolidate,” said Kilts, “we believe we can bring these companies together and create a juggernaut.”

P&G and Gillette have a combined market capitalization of about $185 billion US, which will make it the largest in the sector.

The early morning announcement states that 6,000 employees will be eliminated. Most of the layoffs will result from reducing overlapping management positions and other supporting positions within the combined company.

Antitrust regulators in the US and Europe plan to review the acquisition, to determine whether the combined company will have too much power over pricing and shelf space.

P&G plans to provide additional details about the merger Friday morning (East Coast time) in New York.

Saturday, March 14, 2009

Investigators with the National Transportation Safety Board in the United States have issued an ‘urgent safety recommendation’ in connection to their role alongside the United Kingdom’s Air Accidents Investigation Branch in investigating loss of power in Rolls-Royce engines on Boeing 777s, with the AAIB following suit. One of them resulted in British Airways Flight 38 crashing short of the runway at London’s Heathrow Airport last year. The NTSB and the AAIB want Rolls-Royce to redesign the engines.

Both events occurred on Boeing 777-200ER airplanes powered by Rolls-Royce RB211 Trent 800 Series engines. On January 17, 2008 British Airways Flight 38 experienced a dual engine rollback (reduction of engine power) on final approach to Heathrow and crashed, leaving one passenger seriously injured, eight passengers and four of the flight crew with minor injuries and the airplane written off.

The second event occurred on November 26, 2008, when a Delta Air Lines Boeing 777 experienced a single engine rollback during cruise flight over Montana, United States while en route from Shanghai to Atlanta. Normal operations resumed after the flight crew followed Boeing’s published procedure to recover engine performance and the airplane landed safely in Atlanta.

Boeing has already developed new procedures after the crash to prevent ice from building up within their 777 fuel systems after it became apparent that icing may have been a factor, and it was some of these that the Delta flight crew had followed. Boeing modified these further after the Delta incident. As part of the recent releases by the NTSB and AAIB it has become apparent that investigators from both bodies, which are collaborating, have found ice buildup in the fuel system caused both rollbacks.

In both cases a build-up of ice (from water normally present in all jet fuel) developed on a component called the fuel/oil heat exchanger. This restricted the flow of fuel to the engine, resulting in the uncommanded engine rollback. Investigators initially struggled to produce enough ice under test conditions but have now found that at high concentration, fuel can form ice at very low temperatures in enough quantity to seriously restrict fuel flow, according to a new interim report by the AAIB. This does not occur when fuel demand is lower, as the hot oil then becomes sufficient to entirely melt the ice. The British jet experienced very low temperatures over Siberia.

The vigorous tests are thought to be the first of their kind. They have also confirmed that while ice may have formed elsewhere in the airliner’s fuel system fuel was probably not restricted at any other location. Instead, it is thought ‘soft’ ice formed in the pipes and then broke off, travelling to the fuel/oil heat exchanger and restricting it.

The NTSB has now revealed that they have advised Rolls-Royce to redesign the fuel/oil heat exchanger, and Rolls-Royce have stated that they are indeed working on a replacement part that will be available within twelve months. The AAIB advised Boeing and Rolls-Royce to jointly review the problem across the fuel system, and both companies responded that they ‘accepted’ this recommendation and repeated that a replacement part was being developed.

Both the NTSB and the AAIB also sent letters to the US Federal Aviation Administration and the European Aviation Safety Agency requesting the installment of the modified component be mandatory. The NTSB suggested this should be either the next maintenance check or within six months. There are 220 Boeing 777-200s – the only type using the affected engine – with Trent 800 series engines.

The fuel/oil heat exchanger is a dual purpose part designed to simultaneously melt fuel ice and cool down engine oil.

The AAIB further noted that it is unclear weather other aircraft designs are at risk, and advised the FAA and EASA to look into increased use of de-icing additives and investigate both the accumulation and sudden movement of ice in aircraft fuel systems and the actual formation of ice in the fuel itself.

Friday, May 12, 2006

Peter Costello’s budget announcement has led to rejoicing for small businesses, but the lack of joy for those pushing for radical corporate taxation reform has led to many businesses asking “what about us?”

Personal taxation and small business have been the big winners after this year’s federal budget. Although dampened by the twin economic threats of rising interest rates and petrol prices, there should be a reasonable amount of real income savings for both low and high income earners, with those receiving Medicare, or a superannuation benefit, privy to an even lower level of taxation (0% for those on super benefits).

Small business also has benefited from the Howard government’s 11th annual budget, with them receiving a higher level of reducing depreciation, leading to a higher level of deductions in the years following the uptake of new technology or other capital. They are also privy to a AU$435 million dollar tax cut to compensate for their changing accounting requirements under the government’s new AIFRS reporting standards, as well as increasing the uptake of both the small business tax relief scheme and CGT (Capital Gains tax) Concessions.

The budget was not a complete loss for big business however, as superannuation laws have been tweaked to streamline contribution and payment rules previously impeding those with multitudes of staff.

But this is not enough, says Big 4 accounting firm Ernst & Young. In their newly published paper “Taxation of Investment in Australia: the need for ongoing reform”. In it they lead the charge for a greater streamlining and organization of the corporate tax system in Australia, submitting that it will lead to reductions in “disincentives to work save and invest in Australia [as well as improving] the international competitiveness of Australian businesses.” This follows from a recent report brought out by Mr. Costello himself about the need for tax reform in Australia.

A budget night Mr. Costello was notably coy about any future reform of corporate tax in Australia. He alluded to the report by his ministers but kept from outlining the government’s plan precisely.

Monday, October 11, 2010

Wikinews interviewed author Amy Scobee about her book Scientology – Abuse at the Top, and asked her about her experiences working as an executive within the organization. Scobee joined the organization at age 14, and worked at Scientology’s international management headquarters for several years before leaving in 2005. She served as a Scientology executive in multiple high-ranking positions, working out of the international headquarters of Scientology known as “Gold Base”, located in Gilman Hot Springs near Hemet, California.