• 0

Polarized Sunglasses Are Fun And Practical Visor Shades

Category : Curtains

Find Out More About:

Submitted by: Rob Acknots

Many people do not know what it means when they see sunglasses advertised as polarized sunglasses. This confuses many people. If you are like every other average person, you probably think that ordinary sunglasses are just fine, no need to change. You may wonder why anyone would bother paying the additional cost to have polarized lenses in their sunglasses. There are many reasons.

Polarized sunglasses have been shown to be better for your eyes, especially when one is out in the sun. They also offer the benefit of added protection one cannot get from standard eyeglasses. If you spend a significant amount of time out of doors, you will find that these glasses offer unparalleled protection. For those who play tons of sports, for example, golf, tennis or fishing, polarized sunglass can help you see better. You ll also be protected better.

Everyday we are told how important it is to protect our skin. There is, however, incredibly little said about wearing polarized lenses in sunglasses to help protect your eyes. Eye damage from sun exposure is easily acquired during the average human lifetime. Protect your eyes now so that you have solid eyesight in the future. Wonderful technology helps polarized sunglasses to neutralize the glare you get when the sun reflects off flat surfaces. This helps when driving no doubt! This is of course, due to scientific properties, however, the most important point is that you put polarized sunglasses on when you go outside.

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

This technology eliminates the need to squint when you look at a surface that is in direct sunlight. The polarized lenses in the sunglasses eliminate the horizontal rays with vertical polarizer, which make it possible for you to see clearly without strain or damage. For the lack of better term you can call them high definition sunglasses, due to improved vision through polarized sunglasses.

Virtually all sunglass designers advertise their products in a way that is geared towards certain groups of people, for example, those considering camping or even attending baseball games. Despite this, anyone can have polarized sunglasses and reap the benefits. Truck drivers often use polarised sunglasses for long driving runs. Many have reported less eye fatigue and fewer headaches.

Obtaining the utmost protection from UV rays and still maintaining true color when you look at objects is the goal behind the designer sunglasses containing polarized lenses. If you buy quality brands, you will ensure that you get good lenses with very little object or color distortion after long usage.

Almost all of the major designer lines have polarized sunglasses. The polarized sunglasses available today come in all different colors of lenses and in amazingly stylish designs that many Hollywood stars use. Oakley, Hobie, Arnette, Costs del Mar are companies known for making excellent designer frames and lenses.

If you decide to go on that weekend fishing trip, don t forget to take along a reliable pair of sunglasses to help protect your eyes and make seeing into the water easier. Take them along to a baseball game. Stop using old glasses that don t do the job-hop on the polarized sunglasses bandwagon.

About the Author: Rob Acknots is an author writing about sunglasses related topics, and you are invited to visit his website covering

top sunglasses

and

polarized sunglasses

.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=470080&ca=Womens+Interest


  • 0

Acting teacher and director Milton Katselas dies at age 75

Category : Uncategorized

Tuesday, October 28, 2008

Acting teacher and director Milton Katselas died Friday at age 75, after suffering from heart failure at Cedars-Sinai Medical Center in Los Angeles, California. He began the Beverly Hills Playhouse in 1978 and taught acting classes there to noted actors including George Clooney and Gene Hackman. Katselas is survived by a sister and two brothers.

Katselas directed an off-Broadway production of Edward Albee‘s The Zoo Story, and received a Tony Award nomination for his 1969 direction of Butterflies are Free. Actress Blythe Danner won a Tony Award for her role in Butterflies are Free under Katselas’ direction. He moved to California to direct the film version of that play, and went on to direct films and television movies. Actress Eileen Heckart received an Academy Award for her role in the film version of Butterflies are Free.

Katselas directed the San Francisco and Los Angeles productions of the play P.S. Your Cat Is Dead! by playwright James Kirkwood, Jr. In his author’s notes in the publication of the script, Kirkwood acknowledged Katselas, and wrote that the plays were “directed with incredible energy and enthusiasm by Milton Katselas, to whom I am extremely indebted”.

Katselas directed the television movie Strangers: Story of a Mother and Daughter, and actress Bette Davis received an Emmy Award for her role in the movie. Katselas taught many famous actors including Michelle Pfeiffer, Richard Gere, Robert Duvall, Jack Lemmon, Al Pacino, Goldie Hawn, Christopher Walken, Burt Reynolds, George C. Scott, Elizabeth Taylor, Richard Burton, Alec Baldwin, and Patrick Swayze. Katselas was credited with being able to nurture actors with raw talent so that they could develop strong Hollywood careers. He utilized innovative techniques in his courses – one course called “Terrorist Theatre” had a simple premise: successfully get an acting role within six weeks or leave the course.

He grew up in Pittsburgh, Pennsylvania to parents who had immigrated from Greece, and graduated from Carnegie Mellon. He studied acting with Lee Strasberg in New York at the Actors Studio, and received advice from directors Joshua Logan and Elia Kazan.

Katselas was a prominent Scientologist, and a July 2007 profile on Katselas in The New York Times Magazine observed that some of his students stopped taking courses at the Beverly Hills Playhouse because they felt they had been pressured to join the Church of Scientology. According to the article, Katselas credited Scientology founder L. Ron Hubbard “for much of his success in life”, and one of his students works at Scientology’s Celebrity Centre. The article commented that some in Los Angeles view the Beverly Hills Playhouse as “a recruitment center for Scientology”.

Katselas met L. Ron Hubbard after moving to California, and began studying Scientology in 1965. The New York Times Magazine reported that he had reached the level of “Operating Thetan, Level 5, or O.T. V.” in 2007. According to The New York Times Magazine when Scientologists proceed up the “The Bridge to Total Freedom” they learn the story of Xenu, and that: “75 million years ago the evil alien Xenu solved galactic overpopulation by dumping 13.5 trillion beings in volcanoes on Earth, where they were vaporized, scattering their souls.” A Church of Scientology publication, Source, lists Katselas as reaching O.T. V. in 1989.

HAVE YOUR SAY
Is it appropriate to recruit for Scientology in an acting school?
Add or view comments
He is brilliant, and knows me so well as a person and an actress that he gets the most out of me.

Though some actors felt pressured to join the Church of Scientology after taking courses at the Beverly Hills Playhouse, at least one individual felt Katselas was not active enough with the organization. Actress Jenna Elfman left the Beverly Hills Playhouse because she felt Katselas was not committed enough to Scientology. Katselas had previously directed Elfman in half of Visions and Lovers: Variations on a Theme, two one-act plays about relationships that he had written himself. In 1999 Katselas had planned to adapt the script of Visions and Lovers to a film version, and Elfman was set to reprise her role from the play. In an article in Variety about the project, Elfman commented on her experience working with Katselas: “He is brilliant, and knows me so well as a person and an actress that he gets the most out of me.”

Other prominent Scientologist actors who have studied under Katselas include Giovanni Ribisi, Jason Lee, and Leah Remini. According to Rolling Stone, Katselas also recruited actress Kelly Preston to Scientology. Actress Nancy Cartwright (the voice of Bart Simpson), told Scientology publication Celebrity that Katselas motivated her to get more active in Scientology, and she stated she took the organization’s “Purification Rundown” and her life “took off completely”.

Life is an endless unspooling of art, of acting, of painting, of architecture. And where did I learn that? From Milton.

Anne Archer was introduced to Scientology while studying at the Beverly Hills Playhouse, as was former Scientologist and now outspoken critic actor Jason Beghe. Beghe told Roger Friedman of FOX News in April 2008 that “He [Katselas] gets kickbacks”, and that he was brought to a Scientology center by fellow Beverly Hills Playhouse classmate Bodhi Elfman, Jenna Elfman’s husband. In a 1998 article for Buzz Magazine, Randye Hoder wrote “In his class, Katselas is careful not to label anything as a tenet of Scientology, but there is no question that the church’s influence seeps into the playhouse.”

Anne Archer’s husband and fellow Scientologist, producer Terry Jastrow, commented to The New York Times Magazine that Katselas changed the way he experiences life on a day-to-day basis: “I go out in the world and look at human behavior now. I see a woman or man interacting with a saleslady, and I see the artistry in it. Life is an endless unspooling of art, of acting, of painting, of architecture. And where did I learn that? From Milton.”

Actor Anthony Head of Buffy the Vampire Slayer spoke highly of Katselas in a 2002 interview with San Francisco Chronicle: “He’s this wonderfully intuitive teacher and his premise is basically: The only real barriers are the ones we put in front of ourselves. If you say, ‘My character wouldn’t do that’ — bollocks! Ultimately it’s you who wouldn’t say that. Who knows what your character might do.” In the acknowledgements of her 2004 autobiography Are You Hungry, Dear?: Life, Laughs, and Lasagna, actress Doris Roberts wrote: “I thank my friend and acting teacher, the incredible Milton Katselas, for his insights, wisdom, and inspiration, which have helped make me the actress that I am.”

I really care about the craft of acting. It’s absolutely necessary to take the time and patience to really develop an actor.

Katselas authored two books: Dreams Into Action: Getting What You Want, first published in 1996 by Dove Books, and Acting Class: Take a Seat, which came out earlier this month. Dreams Into Action, a New York Times Bestseller, sought to modify motivational acting exercises to the field of business.

In an interview in the 2007 book Acting Teachers of America, Katselas commented on his experiences as an acting teacher over the years: “I have very special teachers here at the Beverly Hills Playhouse—some have been with me for over twenty-five years. I believe that to make a difference over the long haul, we need to train teachers. I really care about the craft of acting. It’s absolutely necessary to take the time and patience to really develop an actor.”


  • 0

News briefs:May 27, 2010

Category : Uncategorized

Wikinews Audio Briefs Credits
Produced By
Turtlestack
Recorded By
Turtlestack
Written By
Turtlestack
Listen To This Brief

Problems? See our media guide.

[edit]


  • 0

MuchMusic Video Awards this Sunday in Toronto, Canada; Wikinews will be there

Category : Uncategorized

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Wednesday, June 13, 2007

Wikinews will be attending The 2007 MuchMusic Video Awards this weekend, a popular annual event in Toronto, Ontario, Canada. True stars will be out to play, present, and else wise schmooze at the CHUM-City Building just above the city’s Entertainment District in the Queen Street West neighbourhood.

MuchMusic is the most popular music channel in Canada, and has been holding the event since 1990. Roughly 6000 fans line the streets surrounding Much headquarters each year, and 1200 more score “the wristband” and enjoy a free festival-style show in the parking lot, watching four outdoor performance areas spread out in the downtown location. New this year is a special roof-top stage, on the top of the building.

Last year’s show reached 3.5 million viewers in Canada and 100 million around the globe, with broadcasts in 65 countries.

Performing at the show will be Avril Lavigne, Fergie, Billy Talent, Hilary Duff, Alexisonfire, Maroon 5, Belly, The Used, and Finger Eleven.

On stage presenting will be Nickelback, Jay Manuel (Canada’s Next Top Model, America’s Next Top Model), Tara Reid (American Pie, this fall’s Land of Canaan), Joss Stone, Sum 41, Amber Tamblyn (Joan of Arcadia, Grudge 2), Hedley, Chris Bosh (Toronto Raptors), Sean Avery (New York Rangers), George, Sam Roberts, Emilie de Ravin (LOST), Marianas Trench, and Kardinal Offishall.

Photographer Robin Wong will be photographing the red carpet of the MMVAs for Wikinews and Wikipedia. He first helped the sites in April of this year, photographing Hilary Duff at MuchMusic. Wong’s extensive client list includes Fidelty Investments, Flare Magazine, Masterfile, First Light, Fashion Television, FCB Canada, Profit Magazine, Financial Post, and Publicis. His works have appeared in the 2004 and 2005 Applied Arts Awards Annual, the top publication for the creative industry.

Contents

  • 1 Still open for voting
  • 2 FLICK OFF at Gift Lounge
  • 3 See also
  • 4 Sources
  • 5 External links

  • 0

The Importance Of Spaying/Neutering

Category : Dogs

Find Out More About:

byAlma Abell

Let’s start with a quick lesson in what it means to spay or neuter a pet. When a female animal is spayed, the ovaries and uterus are removed surgically, while neutering a male animal means to have his testicles removed. Since the surgeries are done under anesthesia they are painless for the animal. As a matter fact, it is the most common surgery that veterinarians perform and quite possibly the simplest.

Why Should You Spay or Neuter?

The single most common reason for you to spay or neuter your pet is to prevent unwanted litters of puppies and kittens. Unless you are breeding animals to show or you are a license breeder there really isn’t any good reason not to have this done. The cost of spaying or neutering is far less expensive than raising more pets. Every year animal shelters all across the country are overrun with abandon puppies and kittens and that is just the ones that are not dumped on the side of a road.

Your Pet Could be Healthier

Unfortunately cancer is not just a human condition, it affects our animals also. Removing the testicles, uterus, and ovaries % in cats.

Better Behaved Male Animals

It is a myth that spaying or neutering will make your animal fat, but it is the truth that a neutered male is generally far better behaved and focuses more on its human family. Without having been neutered they will generally mark their territory by spraying all over the house and furniture which can be very unpleasant. Another benefit of early neutering is that most aggressive behaviors can be avoided. If you are looking for a vet in Logan Square to spay/neuter your pet, Portage Park Animal Hospital and Dental Clinic is centrally located and budget friendly. To know more about spaying and neutering visit www.portagepark.com


  • 0

SEPTA buys rail cars from NJ Transit to deal with crowding

Category : Uncategorized

Tuesday, July 29, 2008

As gas prices have risen in the United States, the regional transport authority for southeastern Pennsylvania, SEPTA, has seen a sharp increase in ridership, which has caused overcrowding on the trains.

“As fuel prices have continued to rise, SEPTA ridership has steadily increased and is the highest in 18 years,” said SEPTA General Manager Joseph Casey. Monthly ridership was 22 percent higher last month than a year ago.

“They have crushed loads on their rail lines, already where people are standing, and there’s not enough seats,” said Rich Bickel, the director of the Delaware Valley Regional Planning Commission.

“At peak times some railcars are standing room only and commuter parking lots are nearly full. All Regional Rail lines are running near full capacity and the train station parking lots are at about 90 percent capacity or more,” SEPTA spokesperson Felipe Suarez said.

While SEPTA awaits new Silverliner V trains from Hyundai Rotem, which begin arriving in 2009, it had hoped to lease eight rail cars from New Jersey Transit, at an agreed-upon rate of US$10,000 per month. However, due to problems with insurance and liability indemnification, the deal fell through, according to Casey.

SEPTA has entered a new agreement to purchase the eight rail cars from NJ Transit. The transit authority will pay US$670,000 for the cars and assorted supplies plus one additional inoperative car which will be used for spare parts. The rail cars will be operated using a SEPTA provided locomotive as they are not self-propelled.

The cars are being disposed of by NJ Transit because it has switched from single-floor cars to double-decker cars.

SEPTA is expecting to raise US$3.1 million by selling rail that has been out of service since 1981 at auction.


  • 0

Dance party broken up by police in Utah, USA

Category : Uncategorized

Monday, August 22, 2005

About 90 law enforcement officers from multiple agencies broke up what they said was a rave party on public and private property in the Diamond Fork area of Spanish Fork canyon, an hour outside of Salt Lake City, Utah, at about 11:30 p.m. Saturday (5:30 Sunday UTC).

According to the county, the Sheriff’s Office had been investigating similar parties since the beginning of the season. In a press release from the Sheriff’s Office in Utah County, the department states that previous allegations of sexual abuse at other raves, as well as various firearm and theft violations, were reasons for the investigation. The release continues on to state that the proper permit was not obtained before the event started.The promoters deny this allegation and insist that all permits were legally obtained before the event.

Armed with semi-automatic assault rifles, tasers, and tear gas, the police used dogs to sweep the crowd for narcotics. At least one helicopter was used in the operation, which served as a large spotlight for the ground teams. Prior to raiding the show, several unnamed police informants had reportedly told police that they had observed some “illegal activities”.

The promoter says the party took place on private property, named Child’s Ranch, with express permission from the owner. The property owner has apparently had at least one previous lawsuit with police over a similar event. Utah County requires a permit, bond and county commission approval for all gatherings with more than 250 people present and which can be expected to continue for 12 hours or more. DJ time slots and Pro Audio and Lighting contracts show that the party was scheduled to go on for no more than ten hours. According to a DJ at the event, “They presold 700 tickets and they expected up to 3,000 people total.” He added that by the time police arrived “the crowd was about 1,500”.

The police have publicly stated that only a permit from the health department was obtained, and that a Utah mass gathering permit was needed. The promoters have stated that they had the required permit, and have given a permit number (# 2005-11). Jay Stone, who handles mass gathering permits for the Utah County Health Department’s Bureau of Environmental Health Services, has confirmed that the permit was applied for and granted for the party. Officials also claim that the party had spilled over onto public land, and that more than 60 arrests were made in total – for driving under the influence of alcohol or drugs, underage drinking, drug possession and distribution, resisting arrest, assault on a police officer, disorderly conduct, and one instance of a weapons offense, a pistol which was found in the home of the private property owners. Among the confiscated items and drugs found were cocaine, ecstasy, marijuana, mushrooms, alcohol, and drug paraphernalia. Some of the drugs may include those confiscated from attendees by private security guards – who were also arrested.

Amateur video from the scene shows a number of SWAT police (Sheriff’s press release places the figure at 90) screaming orders at the DJs to “Shut it down now!” and yelling at others to “get out now, or I’ll kick your ass in jail.” Armed police are also seen tackling two attendees, Alaisha Matagi and Paul Maka. It is unclear from the video footage whether these actions were provoked or not. However, those shown on the two-minute long footage that are being forced to the ground do not appear to be resisting arrest. Both Matagi and Maka are charged with failure to obey a police officer and resisting arrest – Maka is also charged with interfering with police. Sheriff Jim Tracy stated in an email that both of them were tackled and arrested after assaulting a deputy, however, neither of them are being charged with assaulting a police officer.

A first hand account from a DJ booked to play at the party stated that while police were arresting a man accused of possession, the suspect was beaten to the ground and continually “kicked in the ribs” by four armed “soldiers” dressed in camouflage. The item was not shown on the video footage. According to the account, nobody resisted the policemen, and the crowd was orderly, but tear gas was thrown at the partiers as they attempted to leave as instructed. The DJ also states that police were attempting to confiscate video equipment, but an amateur video has still surfaced on the internet (see sources below). The video appears to have been taken near the DJ stand before it was moved to show more of the action.

Several attendees felt they should have the right to attend an event where drugs may be present, so long as they don’t personally use them. “While it may be true that some individuals choose to take drugs at said events like this, myself as well as many others choose to go for the music. Just like anything, you have bad apples, but you shouldn’t cut down the tree,” said one attendee. “Raves are not the only musical gatherings where drugs are used and distributed,” said another.

Other event-goers felt that the use of force in the shutdown was excessive – numerous eyewitness accounts by concertgoers describe people being beaten, tasered, or attacked with dogs. An email from Sheriff Jim Tracy stated that dogs and tasers were present at the raid, however, he also states that the tasers were not used on anyone, and that no dogs were deployed against concertgoers.

One account from an attendee, identified as “Colby”, states:

“I saw at least two people being beaten on the ground while barking, snarling dogs are held just a few feet from them. Weapons were being pointed at unarmed, peaceful civilians. A friend of mine was forced at gunpoint to put his hands on his head and turn around, because he asked if he could get his things from the tent.”

Utah County sheriff’s Sergeant Darren Gilbert also alleged that a 17-year-old girl was found overdosed on ecstasy, and was treated and released to her parents. According to an advertisement for the event, an attorney was present at the party. The local sheriff is scheduled to appear on Utah TV.

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

  • 0

How To Pass The Lean Six Sigma Black Belt Exam (Lssbb)}

Submitted by: Jimmie H. Calfee

At present age and time, it is very significant to possess the right certification. This is because if you own the right credential, it can help you to become as one of the leading and reputable IT professional of today.

This is a must for most of the LSSBB IT Certifications in the present times who intends to become a more effective professional of today. This is the reason why many professional wishes to possess a great career. IASSC Lean Six Sigma Black Belt is one of the premier credential of today. To get the credential, it is a must to pass the Lean Six Sigma-Black Belt certification.

About the IASSC Lean Six Sigma-Black Belt

This LSSBB Certification is designed for professional who is knowledgeable in Lean Six Sigma methodology and who leads improvement projects, usually in a full-time job role. A Lean Six Sigma Black Belt processes a complete understanding of all the elements of D-M-A-I-C. The professionals are also expected to interpret and perform the Six Sigma tools and how to effectively use the Lean principles.

Description of IASSC Lean Six Sigma-Black Belt Exam

[youtube]http://www.youtube.com/watch?v=UsbSMplJ6g4[/youtube]

The Six Sigma IASSC has 150 multiple choice LSSBB Questions. The exam is good for 4 hours only based on the IASSC Universally Accepted Lean Six Sigma Body of Knowledge for Black Belts. The test is proctored exam only offered by well-reputable provider or source.

Audience Profile of IASSC Certification

The target audiences of this certification are professional with the IASSC LSSBB Actual Exam Certified Black Belt designation from the International Association for Six Sigma Certification interested candidates should sit for IASSC exam to obtain the passing rate of 580 out of 750 points. There are no requirements needed for you to qualify for the credential. On the other hand, it is a must to have the right abilities and skills for the credential essentially.

For LSSBB Professionals who intend to acquire the credential should be able to have the experience for at least a year or two. This is very significant for a candidate who wishes to become more expert in the IASSC credential.

How to Obtain the IASSC Lean Six Sigma Black Belt Credential

To successfully get the IASSC certification, the candidate should be able to acquire the best exam materials from the right provider. You have to possess the right credential from the right provider. This is essential for the reason that the material you have contains the proper objectives and topics that is designed for the certification.

The candidate for the IASSC Lean Six Sigma Black Belt Exam should also attend the certification training for this credential. The LSSBB Training for this certification is a must for the candidate who wanted to have higher opportunity to pass the exam. Passing the test is easy as long as you possess the proper tools and LSSBB Study Materials that can be useful when preparing for such certification. Again, it is a must to posses the training credentials from the proper provider which is a must.

Finally, once you pass the IASSC Exam, it can be your main credential to expect a more promising and great career in the future. This is an amazing certification that is truly amazing.

At present age and time, it is very significant to possess the right certification. This is because if you own the right credential, it can help you to become as one of the leading and reputable IT professional of today.

This is a must for most of the LSSBB IT Certifications in the present times who intends to become a more effective professional of today. This is the reason why many professional wishes to possess a great career. IASSC Lean Six Sigma Black Belt is one of the premier credential of today. To get the credential, it is a must to pass the Lean Six Sigma-Black Belt certification.

About the Author: We Provide the Latest Certification Material for passing your Certification Exams regarding

examcertify.us/lean-six-sigma-black-belt-certification.html

Questions and

examcertify.us/ICYB.html

Answers.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1903700&ca=Computers+and+Technology}


  • 0

Asian countries call for global currency

Category : Uncategorized

Monday, April 6, 2009

Leaders and central banks in Russia, China, Malaysia, Indonesia, Thailand, and Kazakhstan have called for an international currency system.

Speaking on April 1 in advance of the G-20 summit in London, Russian president Dmitry Medvedev argued that the international finance system needed a “new construction” including “new currency systems”, saying that such a new system could be the purpose of a revamped IMF and World Bank. The IMF was originally founded in 1946 as the overseer of the Bretton Woods system, which from its founding until the 1970s tied the western world’s currencies to the US Dollar, which was in turn backed by gold. Russia’s proposal was for the new currency to serve as a reserve currency, one which would take the place of the dollar, euro, and other heavily-traded currencies as an international standard of exchange.

Medvedev’s comments are a reversal of Russian position from a lukewarm response following a looser outline for a worldwide currency by Kazakhstani president Nursultan Nazarbayev. On March 11, Nazarbayev suggested the establishment of the “acmetal”, a portmanteau of “acme” and “capital“, as a reserve currency replacing the ruble in international transactions, first for Central Asia and then worldwide. 1999 Economics Nobel laureate Robert Mundell, speaking to the Daily Telegraph, endorsed the idea, saying “It would be a very good idea if the G-20 took that idea up in London”.

2001 Nobel economics prize winner Joseph Stiglitz, meanwhile, said the new currency could come about quickly if it was based on an expansion of the IMF’s already established system of Special Drawing Rights, units of exchange used by the IMF which already have some of the features of currency. Stiglitz argued that, as the US dollar has become the standard global reserve currency, it has inadvertently created a system which hurts the world economy. “It’s a net transfer, in a sense, to the United States of foreign aid,” he argued, reasoning that when other countries purchase US dollars in order to use them on international markets (such as for the buying and selling of petroleum), they effectively give the US a zero-interest loan — sometimes at times when they can least afford it. Stiglitz made his comments as head of a United Nations panel of economists giving recommendations to address the global financial crisis.

In the weeks leading up to the G-20 conference, the People’s Republic of China also began discussing a new system for reserve currencies. In a March 23 speech, Zhou Xiaochuan, governor of the People’s Bank of China, endorsed a new reserve currency, saying “the desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies.” Zhou went on to endorse the expansion of the SDR system in the long-term creation of a reserve currency government by the IMF. While Zhou did not mention the US dollar specifically, analysis by Qu Hongbin, chief China economist for HSBC, for the Financial Times said that the speech “is a clear sign that China, as the largest holder of US dollar financial assets, is concerned about the potential inflationary risk of the US Federal Reserve printing money”.

China holds $740 billion as assets; inflation in the US economy, which has been low in recent years, would directly cause those assets to lose value.

While the Chinese government has engaged in currency swaps with several other growing economies, such as South Korea, Argentina, Malaysia and Indonesia, the Chinese Yuan cannot be used itself as a reserve currency as it cannot be freely traded on the global market.

The Chinese-Russian proposal was not entered onto the agenda at the G-20 meeting itself. Nonetheless, British Prime Minister Gordon Brown said that the G-20 was open to considering the proposal if and when a detailed one is presented. United States President Barack Obama, meanwhile, endorsed the continuation of dollar supremacy, saying that the US dollar is “extraordinarily strong” and arguing that its strength was the result of the intrinsic stability of the United States economic and political system; US treasury secretary Timothy Geithner had, the week before, made comments that while he supported an expansion in the SDR mechanism he rejected the idea of a global currency. Rather than change the role of SDRs, the G-20 meeting instead added $250 billion in support to the fund backing SDRs.

After the G-20 conference ended on Thursday, Malaysia’s The Star BizWeek reported that the central banks of Indonesia, Malaysia and Thailand had endorsed the Chinese proposal. All three countries have close economic ties with China and suffered heavily from the collapse of their currencies in the 1997 Asian Financial Crisis; the sudden growth in the value of the US dollar relative to those countries’ native currencies sharply increased debt in Southeast Asia’s economies, leading to a wave of bankruptcies.

International reaction from other economies has been mixed and guarded. Luiz Inacio Lula da Silva, President of Brazil, said that the currency proposal was important to discuss but did not give extensive comment. And while UPI reports that India supported the SDR proposal at the G-20 conference, the Indian Press Trust quotes Indian Prime Minister Manmohan Singh as saying last month, “It is too early to talk about common currency.”

Calls for an independent global reserve currency are not new. In 1944, John Maynard Keynes proposed the “bancor“, a unit like the SDR supported by a basket of commodities. Keynes’ idea was rejected and the US dollar took the equivalent role under the Bretton Woods system. Keynes proposed that the bancor system would be reinforced by a tax on participating countries’ current accounts, the difference between their exports and their imports, in order to encourage balanced trade. Meanwhile, monetary unions have become more popular since the end of the gold standard, with most of the European Union now trading the euro, and several countries outside the EU using it as a de facto currency; five West African countries adopting the eco at the end of this year; and the African Union planning to introduce the afro in 2028. Proposals for a North American currency union based around the so-called “amero” have been frequently discussed as the focus of conspiracy theories in the United States, but none of the US, Canada or Mexico have actively pursued the establishment of any such monetary union, however the dollar is the currency of several Latin American countries.


  • 0

Frankfurt defuses World War II-era bomb, evacuates 60,000

Category : Uncategorized

Monday, September 4, 2017

Experts in Frankfurt, Germany defused a World War II-era bomb yesterday, after more than 60,000 people, the most since World War II, evacuated from the area.

The HC 4000 blockbuster bomb, dropped by the United Kingdom’s Royal Air Force, was discovered days ago near the Goethe University Frankfurt campus in a construction site. Fire chiefs warned its reportedly 1.4 tons of explosives could have destroyed an entire city block.

Residents of the Westend neighborhood, including those of two nearby hospitals, were asked to evacuate by 8 a.m. local time (0600 UTC), though the bomb removal process only began around 2:30 p.m., as the evacuation drew on. Just after 8 a.m., Markus Röck, a spokesman for the Frankfurt fire brigade, said: “The situation is relaxed which is a good sign and everything so far is going according to plan. We will now assess if everybody has left voluntarily and go from house to house and remove people if necessary.”

About 1,100 workers assisted with the evacuation, according to the fire brigade, and helicopters and heat-detection technology were used to check everyone within 1.5 kilometers, about 1 mile, had left. A convention center and concert hall opened to house people, and at museums and the airport, other activities were offered for free.

When the area near the bomb was evaluated, other parts of the city became more populated. Peter Cachola Schmal, director of the German Architecture Museum, remarked, “It’s a different atmosphere here today, because people are settling for a longer time[…] People are coming here to sit with their laptop and work, for example, or read the newspaper for hours.”

Fire brigade director Reinhard Ries said, “the scale of this bomb is overwhelming. I have never seen anything like it.”

Likely thousands of unexploded bombs from the era remain across Germany, and reportedly eleven bomb defusal technicians have been killed there since 2000. Devices may become more unstable as time wears on and their fuses age.