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Friday, April 3, 2009

General Motors (GM) and Chrysler will receive bridge loans from the government of Canada and the provincial government of Ontario, however no more will be forthcoming from either Canadian or US governments unless the companies can reinvent themselves.

“This is a regrettable but necessary step to protect the Canadian economy. We are doing this on the assumption that we obviously cannot afford either in the United States or Canada a catastrophic short-term collapse.” said Stephen Harper, Prime Minister of Canada.

“We cannot, we must not, and we will not let our auto industry simply vanish. This industry is, like no other, an emblem of the American spirit; a once and future symbol of America’s success,” said Barack Obama, President of the United States. “These companies – and this industry – must ultimately stand on their own, not as wards of the state.”File:Sinsheim quer.jpg

Chrysler will receive CA$1 billion and may in fact be eligible for as much as CA$4 billion. If Chrysler succeeds in the next 30 days with a restructuring plan it would be eligible for a US$6 billion loan. A part of Chrysler’s restructuring plan must include a partnership with Fiat within 30 days to appease the US administration. Fiat is a supplier of smaller fuel-efficient vehicles, and the merger will help Chrysler to be viable in the North American market. A Chrysler court bankruptcy would inevitably lead to it being sold off.

As a part of Chrysler’s restructuring plans, Tom LaSorda, the president of Chrysler announced that Canadian operations would fold if it does not receive both the US commitment of $2.3 billion of aid and a new Canadian Auto Workers CAW contract to reduce all-in costs by CA$19 per hour. As a result of this announcement Chrysler’s auto sales volume in Canada dropped 23% compared to March of 2008.

GM has until the end of May to restructure its company to receive up to CA$7.5 billion. As part of the companies restructuring, General Motor’s chief executive Rick Wagoner was replaced Sunday with Fritz Henderson, the current chief operating officer. Henderson spoke out on Tuesday that GM has submitted a restructuring plan which would close five plants, and this may be increased to meet the requirements for financial aid. He is in full compliance with Obama’s auto task force to seek bankruptcy if GM cannot negotiate with their unions, bondholders and others.

GM recently brought forward the “GM Total Confidence” program providing consumer purchase protection for customers who lose their job for economic reasons within the first two years from purchase. As a result of Chrysler’s restructuring announcement in Canada, GM’s Canadian vehicle sales volume fell only 17.3% compared to 2008, an increase from the previous month.

GM must reduce some of its legacy costs which include its pensions and union health care costs. A part of GM’s ailments arose from investing in supplying truck and SUVs during an economy of high gas prices when consumers were demanding fuel efficient vehicles.

Tony Clement, Canada’s Minister of Industry, is hoping that the CAW will support the restructuring process and re-negotiate their agreement. Whereas a United Auto Workers negotiator has said, “I don’t see how the UAW will do anything until they see what the bondholders will give up.”

The Obama administration is looking toward bankruptcy proceedings for the automakers, “as a mechanism to help them restructure quickly and emerge stronger. [It will] quickly clear away old debts that are weighing them down. What we are asking is difficult. It will require hard choices by companies. It will require unions and workers who have already made painful concessions to make even more. It will require creditors to recognise that they cannot hold out for the prospect of endless government bailouts.” said Obama.

The auto parts suppliers and IT software exporters in India have already been affected by the declining auto sales. GM and Chrysler software contracts provide US$300 to 350 million a year to vendors in India. As well these two major automakers usually award US$1 billion contracts to auto parts suppliers. “We are worried and closely watching the developments in the US to gauge the impact. The decline in auto sales in the US has already hit the order books of Indian suppliers,” said a Delhi auto parts supplier.

“Going forward, the industry will undoubtedly be smaller, but if our efforts are successful it will be viable and it will support good jobs for Canadians,” said Clements.

Betty Sutton, Ohio’s Congresswoman put forward the CARS act which provides a US$3,000 to 5,000 incentive for those who trade in their vehicle for a fuel-efficient car. “It clearly stimulates the economy, and it gets the consumer into the showroom and gets them buying again. But importantly — and this is what I particularly like about it — it really helps the environment quite a bit in two respects.” said William Clay Ford Jr., executive chairman of Ford Motor Co.

Ford Motor Company has not come forward with requests for assistance.

Since December GM and Chrysler have received US$17.4 billion government loans.

Wednesday, July 21, 2021

Wikinews correspondent J.J. Liu spoke with Technological University Dublin (TUD) senior lecturer at the School of Surveying & Construction Management, Dr Lorcan Sirr on Friday regarding the supply of housing in the Republic of Ireland and relevant parallels across the rest of Europe, as well as recent developments by the government and private sector that are causing a rise in rents and home prices in the Irish real estate market.

Dr Sirr is a regular contributor to The Irish Times and has provided commentary to Irish radio station Newstalk, national broadcaster Raidió Teilifís Éireann (RTÉ) and various other publications. In addition to being a chartered planning and development surveyor and assessor to the Society of Chartered Surveyors, Dr Sirr is a Peace Commissioner and former external examiner for the Galway-Mayo Institute of Technology, according to his profile on Worky.

Dr Sirr was a lecturer and former head of research for the Faculty of the Built Environment at the Dublin Institute of Technology, which entered a merger with two partner institutes to become TUD January 1, 2019. He received his bachelor’s degree in estate management at the University of Greenwich, United Kingdom, and master’s degree in urban design and PhD in town planning at the University of Manchester. He has a second master’s in literature from KU Leuven, Belgium, and speaks French.

Tuesday, April 27, 2010

Dale Ogden, a 2010 California gubernatorial candidate, talks with Wikinews reporter Mike Morales about his platform.

Ogden is a member of the United States’ Libertarian Party.

Saturday, September 22, 2007

The Los Angeles City Attorney’s Office said yesterday that pop music super-star Britney Spears was facing charges for a hit and run offence and driving without a valid drivers’ license.

Charges were filed following an accident in which police allege Spears smashed her car into another vehicle in a parking area in August of 2007.

She could face a maximum of six months in jail and US$2,000 in fines if convicted.

A group of paparazzi recorded a video Britney steering her car into another vehicle on August 6 as she tried to pull into a parking spot in a Studio City lot.

Kim Robard-Rifkin was the owner of the other car and she filed a police report three days after the accident. The 59-year-old nurse found out that it was Spears who ran into her car after watching a video on a celebrity website.

Robard-Rifkin said, “I simply want my car fixed, the same as I would fix somebody’s car if I had done that.”

Spears will be arraigned on October 10.

Monday, April 11, 2005

A gathering of more than a thousand medical researchers in Sydney, Australia, has been told that arsenic and Thalidomide — banned in the 1960s after being linked to gross birth abnormalities — held hope as a basis for new treatments, extending the lives of patients with an so-far incurable bone marrow cancer, multiple myeloma.

Diagnosis of the disease has increased by 45% in Australia since 1992. It is the most lethal form of cancer, and the topic of discussion, at the 10th International Myeloma Workshop, continuing until the 16th of April.

The two treatments had advantages over existing chemotherapy treatments, including lessened side-effects, and reducing the need for chemo- and radiotherapy. They may also be usable to treat other illnesses. Both were still under test.

“The development of arsenic dates back many years when it was used for lowering the blood counts in patients, even at the turn of the century,” Professor Miles Prince, of the Peter MacCallum Cancer Centre, told Australian Associated Press for the 10th International Myeloma Workshop.

“Subsequently [arsenic] was used in China since the 1960s for treating certain forms of Leukaemia,” he said.

It could be used to induce the cell to “commit suicide”.

“The side effects with Thalidomide are much less than with chemotherapy because it’s not damaging innocent bystander cells – so you don’t get low blood counts, you don’t lose your hair, you don’t get a sore mouth,” he said.

“It was originally thought to work because [Thalidomide] blocks the blood vessel growth in tumours, and that is still true, but the research that we’ve done has shown that one of its major causes of action is to stimulate [ immune system ] T-cells which are directly against the tumour, and these T-cells help patients with myeloma fight their disease,” Professor Douglas Joshua, head of Haemotology at Royal Prince Alfred Hospital in Sydney, told Australian radio.

“There’s no doubt that with the new combinations of drugs – we’ve got Thalidomide, the sons of Thalidomide, Velcade and arsenic – we’re adding years onto patient’s lives and certainly it could add up to five years or more,” according to Prof. Prince.

Monday, September 23, 2013

Over the past week, diplomatic actions have averted — or, at least delayed — military strikes on Syria by the United States. Wikinews sought input from a range of international experts on the situation; and, the tensions caused by Russia’s support for the al-Assad regime despite its apparent use of chemical weapons.

File:Ghouta chemical attack map.svg

Tensions in the country increased dramatically, late August when it was reported between 100 and 1,300 people were killed in an alleged chemical attack. Many of those killed appeared to be children, with some of the pictures and video coming out of the country showing — according to witnesses — those who died from apparent suffocation; some foaming at the mouth, others having convulsions.

Amongst Syria’s few remaining allies, Iran, China, and Russia continue to oppose calls for military intervention. In an effort to provide a better-understanding of the reasoning behind their ongoing support, the following people were posed a range of questions.

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.