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Qantas says A380 aircraft are safe to fly after ‘serious’ incident

Category : Uncategorized

Saturday, November 27, 2010

Australian airline Qantas has returned the first of its fleet of Airbus A380s to service, after all six of the “superjumbo” aircraft were grounded three weeks ago following one aircraft’s engine sustaining extensive midair damage; it landed safely in Singapore without injury. The airline stated that all of the aircraft have undergone extensive safety inspections and they are satisfied they are safe.

[It was] certainly the most serious incident that the A380 has experienced since it entered operations.

Alan Joyce, CEO of Qantas, said: “It’s great that we can reintroduce the aircraft. We are 100 percent comfortable with it. If we weren’t, we wouldn’t be restarting the operations today.” A spokesperson confirmed that tests had been performed “in close consultation with Rolls-Royce and Airbus” on the model’s Trent 900 engines. Qantas has replaced at least 14 engines, and modifications have been made to Trent 900s used by two other companies, Lufthansa and Singapore Airlines.

Experts said that the incident was embarrassing for Airbus; the airline’s shares have dropped by 7% since. Aviation journalist Tom Ballantyne said that the failure earlier this month was “certainly the most serious incident that the A380 has experienced since it entered operations.” The A380 made its first commercial flight in 2007, and is now in service with several other airlines, including Air France. It is the largest commercial passenger airliner in the world, with an 840-passenger maximum capacity, though Qantas’s can carry 450. There are reportedly plans to build a cargo version of the plane, which, aviation experts have suggested, would be the world’s first “triple-decker” freight aircraft; Airbus has not confirmed that this variant will be built.


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Description Of The Different Body Massage Spa In Pune}

Category : Remedial Massage

Submitted by: Jon Butler

Spa is the process of water treatment cured. It also has, because these people are more attracted to it a number of advantages. As more and more attention, several different centers provide physiotherapy spa. But there it is like a body massage is usually provided in different hot springs, because its interests and demands, some treatment methods. Because there are more and more people aware of the problem, they are a new bar. Who are new to the people can make better choices description given by the following:

Spa suggests that it is a hotel, in addition to other luxury spa services are also available. There are people who will visit the spa, or even get that other facilities offered at the hotel. People will get the spa, steam treatment, pedicure, beauty and health care in the hotel’s spa. In addition, they will provide a gym and a beauty salon become strong and beautiful. They will also provide a luxurious private space, pull stone massage.

Is also a spa resort, people will get the case it is set in a resort with extra luxury health spa. In a resort where people can even enjoy the activities available. Spa Resort offers the best in fitness and health. They help in an instant release of pressure; people are prepared to make a new start.

[youtube]http://www.youtube.com/watch?v=0IbzecNQvg0[/youtube]

Massage helps to remove dead skin cells from the entire body, an improved complexion. This massage is designed to encourage the revival of the organization, which may help reduce the appearance of scars and stretch marks. Depends on one’s applicability and requirements, in particular the use of massage oil, moisture and other benefits they provide to the skin.

A destination spa is a place where people just do not take the service and back, but people stay there at least seven days to visit. They are generally a source of mineral water in the natural hot springs, they are specialized in exotic places. They are the best body massage, and with the provision of education courses and seminars, fitness and health to the customer.

The spa is usually a place to provide relaxation, make an energetic person, and there is no pressure and tension. They assume that is the best place to destress massage, to be healthy, stay healthy can also help. They also provide skin problems cure. They also help fight disease. Papers days, they also improve the appearance of the treatment. Beauty treatments are generally set at a day spa, including facial, pedicure, waxing and more. Spa usually offer different types of massages like Swedish massage, hot stone massage, body massage, more relaxed. A person must first choose a spa, and must have access to a well-known and safe place. Massage offers a variety of benefits, both physically and psychologically. Massage therapy involves particularly muscle, tendon, ligaments and skin friction and manipulation. It has a massage in case one has a medical condition, such as cancer, fractures, osteoporosis, blood clots, such as rheumatoid arthritis massage has the ability to reduce the stress levels before consulting a doctor is important. It can also help to control or reduce anxiety and depression symptoms. It also provides other welfare benefits, such as good sleep, increased energy, better concentration and destress.

About the Author: Hi, I am Sakshi Pawar. Get the best full body massage, destress spa, spa franchise at Ora spa in pune. Website:

oraspa.in/spa.html

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1931903&ca=Wellness%2C+Fitness+and+Diet }


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News briefs:February 01, 2008

Category : Uncategorized

Contents

  • 1 Wikinews News Brief [Date]
    • 1.1 Introduction
  • 2 Events of worldwide notability, military action, disasters etc.
    • 2.1 Violence takes place in Chad capital N’djamena as military and rebels clash
    • 2.2 High level al-Qaeda leader reported dead
    • 2.3 International manhunt for alleged kidney harvester
  • 3 Non-disastrous local events with notable impact and dead celebrities
    • 3.1 Envelopes containing white powder sent to Church of Scientology locations in southern California, USA
    • 3.2 Vermont town to vote on charging US President, Vice President of war crimes
  • 4 Business, commerce and academia
    • 4.1 Microsoft bids $44 billion for Yahoo!
  • 5 Arts and culture
  • 6 Frivolities and trivia
    • 6.1 Brechin thrown out of Scottish Cup after dispute
    • 6.2 Footer

[edit]


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Bacterial outbreak forces closure of Toronto hospital neo-natal unit

Category : Uncategorized

Saturday, March 10, 2007

An outbreak of methicillin-resistant Staphylococcus aureus (MRSA) in a wing of the Women’s College Hospital in Toronto, Canada has resulted in the temporary closure of the hospital’s High Risk Perinatal Service in the Neo-natal Intensive Care Unit (NICU).

The NICU, operated by the Sunnybrook Health Sciences Centre, will not accept direct newborn admissions or maternal transfers, temporarily, until the outbreak is controlled. Current patients are being cared for in the NICU and Sunnybrook has created a separate area to accommodate new babies.

The closure of the NICU at Women’s College Hospital is expected to put a strain on availability of high-risk neo-natal services in Ontario. According to Sunnybrook, the NICU cares for one in five of all babies born in Ontario weighing less than three pounds.

Head of Sunnybrook’s department of newborn and developmental pediatrics, Dr. Michael Dunn, suggests that some patients of the NICU will need to be transferred to other facilities to allow for intensive cleaning of the area.

In a CBC interview, Dunn explains that, “all the babies who developed infections have been successfully treated, but we were not able to completely prevent the spread of the organism from one baby to another.”

New patients will have to be diverted to other facilities in the province of Ontario or even out of country. Buffalo, New York in the United States may be a potential destination for some women in Ontario with high-risk pregnancies or premature babies.

According to a Sunnybrook press release, the High Risk Perinatal Service will remain closed until there are no new transmissions of the Staphylococcus aureus bacterium. It further explains that outbreaks in the NICU are rare and that several measures have been put in place to keep the bacterium from spreading. The hospital has isolated babies who have symptoms and are ensuring that a specific team of clinicians only treat the affected babies.

The Sunnybrook press release suggests that, although MRSA bacteria are commonly found on the skin of newborns, the organism that has surfaced in the NICU has caused a variety of infections to the skin and eyes of the babies. The babies in the NICU are, apparently, responding to antibiotic treatment.


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Calpine declares bankruptcy, cites natural gas prices

Category : Uncategorized

Thursday, December 22, 2005

Electrical power generator Calpine Corporation declared bankruptcy on Tuesday. The San Jose, California based company filed for Chapter 11 bankruptcy protection in U.S. Federal Court, to facilitate debt restructuring and to allow for normal operations to continue. Calpine has obtained secured debtor-in-possession financing from Deutsche Bank and Credit Suisse First Boston totaling $2 billion. The company announced that some of its Canadian subsidiaries would also file for creditor protection under the Companies’ Creditors Arrangement Act. Calpine and its subsidiaries operate natural gas and geothermal electricity generating plants in 21 U.S. states and 3 Canadian provinces.

The recent rise in natural gas prices due to Hurricanes Rita and Katrina has pushed Calpine’s cost significantly above the locked in selling price for its long-term contracts. Calpine has asked the court to void eight long term contracts, including a 20-year contract entered into with the State of California‘s Department of Water Resources and Pacific Gas and Electric Company in 2001.

The company received permission on December 21 from the Federal Bankruptcy Court for the Southern District of New York to use $500 million of its financing to continue operating and to keep paying its employees’ salaries and benefits.


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Customized Website Design In Uk For Purposive Publicity}

Category : Packaging

Submitted by: Intellect Acute

Website designing is a vital profession now-a-days as it provides online publicity at affordable cost for sellers and manufacturers. In todays online business environment having a website is a compulsion and not just a matter of choice. It complements offline and outdoor advertisement efforts of a marketing organization.

Website designing and development is the name of a process and could be dealt with universally. There are certain characteristics intrinsic to a website, such as:

Should be informative and interesting so as to attract more viewers;

Language used should be simple so that viewer even with average knowledge and intelligence is able to understand;

Inclusion of relevant photos and videos is desirable as it enhances the appearance of a website;

[youtube]http://www.youtube.com/watch?v=6zzlEYrj-zw[/youtube]

It should be optimized so that it is ranked sufficiently high;

Presence of pertinent links is important;

It should be user friendly.

Web designers always create web pages and sites keeping these features in mind. However, customization is essential for a distinctive appearance of a website. It gives a web page an identity and a purpose. In a market such as Great Britain where online publicity is widespread, custom website and design services in UK is a crucial activity. There are several vendors or suppliers for any defined product or service. To create a mark amongst them it is important to have a unique presence for easy recognition.

Affordable web design services

Like any other service, creating a web site involves a cost. For a start up company this could become a limiting factor. At the same time, marketing processes must be kept alive for brand building and revenue generation. So the feasible solution to such a situation is to look for low cost website builder. Such builders use tools that are easily available and have fair degree of capability. Online presence is vital in todays liberalized market economy. It is the fastest, surest, and most cost-effective way of reaching out to potential buyers, not only within U.K. but even outside.

Leading web development companies offer a number of web designing services. The decision for selecting a service lies entirely on the client. However these web designing and development companies might offer suggestions regarding the most feasible online marketing processes.

Free website creation

It is encouraging to note that it is possible to create a website free of any cost. There are several tools available online that enable you to create a free website all by yourself. These tools are easy to learn and use and hence does not require any expert guidance. Any person of average intelligence could easily understand these online tools and implement them.

Creating a website all by yourself not only curtails the cost of marketing but also provides a sense of achievement. Once a website is created it is likely that it would attract a large number of viewers who could become buyers in the near or distant future.

Having a custom website is an important step in having an online presence. Consequences like market presence and revenue generation follows thereafter.

About the Author: Dahak started his career as a web designer, before focusing solely on responsive web design , custom CMS online platforms. Originally from India, Dahak is now an independent advisor to a leading web design services in the UK and is a key member of their development team. Click here

intellectacute.com/flexipages/

for more information.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1958312&ca=Internet }


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Accidental email brings product placement agency under fire

Category : Uncategorized

Sunday, September 21, 2008

An email accidentally sent to Jeff Crouse of the Anti-Advertising Agency recently brought the controversial techniques of the advertising firm Kluger Agency under fire.

“I’m writing because we feel you may be a good company to participate in a brand integration campaign within the actual lyrics of one of the worlds most famous recording artists upcoming song/album,” the email read, offering to place Jeff Crouse‘s fake brand, Double Happiness Jeans, into the songs of popular artists. It was posted on his blog along with a reply that mocked Kluger and brought ridicule and criticism against Adam Kugler and his agency. According to Crouse, Kluger emailed him once again to claim it had been an automated email, and later requested that Crouse remove the post and comments criticizing himself and his agency, threatening a $150,000 lawsuit against Crouse for defamation.

HAVE YOUR SAY
Is the use of product placement in popular music degrading to the artists?
Add or view comments

Kluger Agency is known for advertising brands like Abercrombie & Fitch, Mercedes-Benz, and Nike by inserting the brand names in the songs of popular artists like Mariah Carey, Black Eyed Peas, Fall Out Boy, Pink, Lady GaGa and Ludacris. Kluger, founded in 2006, represents over 170 corporations and focuses on well-known record labels.

Kluger and his PR team have come forward defending the advertising techniques, stating that they do not have songs made just for the products in question and do not infringe on artistic integrity. “Now, we don’t want an artist to write a song specifically to promote a brand, we just feel that if it’s a product that’s admired by the artist and fits his/her image, we now have the capability of leveling out the playing field and making things financially beneficial for all parties involved,” he was quoted saying to Wired.

However, the agency’s website shows video examples of its product placement, with brand images and names often being repeated, pointed at, praised, or being the basis of the song. The website also advertises that “a successful ‘brand-dropping’ campaign will imprint [the] brand name and product into your market’s subconscious”.


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Wikinews interviews Australian blind Paralympic skier Melissa Perrine

Category : Uncategorized

Monday, December 10, 2012

Vail, Colorado, United States — Yesterday, Wikinews sat down with Australian blind Paralympic skier Melissa Perrine who was participating in a national team training camp in Vail, Colorado.

((Wikinews)) This is Melissa Perrine. And are you like Jess Gallagher and just here training and not competing?

Melissa Perrine: I’m not competing right now.

((WN)) And you competed in 2010 in Vancouver?

MP: I did. Yeah.

((WN)) And who was your guide?

MP: Andy Bor.

((WN)) Why a male guide? He’s got to have different skis, and he can’t turn exactly the same way.

MP: I think that with me it was just that Andy was the fittest person that was with the team when I came along. He used to be an assistant coach with the team before I started with him.

((WN)) And you guys have a good relationship?

MP: Yeah!

((WN)) Like a husband and wife relationship without the sex?

MP: No, not at all. (laughs) Older brother maybe. Good relationship though. We get along really well.

((WN)) So have you ever lost communications on the course in an embarrassing moment?

MP: We ski courses without communications. (unintelligible)

((WN)) You’re a B3 then?

MP: I’m a B2.

((WN)) So you can see even less than Jessica Gallagher.

MP: Yes.

((WN)) How do you ski down a course when you can’t even see it?

MP: Andy!

((WN)) You just said you had no communications!

MP: Oh, I just have to be a lot closer to him.

((WN)) So if he’s close enough you can overcome that issue?

MP: Yeah.

((WN)) Why are you doing skiing?

MP: Why? I enjoy it.

((WN)) You enjoy going fast?

MP: I love going fast. I like the challenge of it.

((WN)) Even though you can’t see how fast you’re going.

MP: Oh yes. It’s really good. It’s enjoyable. It’s a challenge. I love the sport, I love the atmosphere.

((WN)) I’ve asked the standing skiers, who’s the craziest Paralympic skiers? Is it the ones who are on the sit skis, the blind ones or the ones missing limbs?

MP: I probably think it’s the sit skiers who are a bit nuts. I think we all think the other categories are a bit mental. I wouldn’t jump on a sit ski and go down the course. Or put the blindfold on and do the same thing.

((WN)) B1 with the black goggles. Is your eye sight degenerative?

MP: No, I’m pretty stable.

((WN)) Not going to become a B1 any time soon?

MP: Oh God, I hope not. No, I’m pretty stable so I don’t envision getting much blinder than I am now unless something goes wrong.

((WN)) And you’re trying for Sochi?

MP: Definitely.

((WN)) And you think your chances are really good?

MP: I think I’ve got a decent chance. I just have to keep training like I have been.

((WN)) Win a medal this time?

MP: I’d like to. That’s the intention. (laughs)

((WN)) Do you like the media attention you’ve gotten? Do you wish there was more for yourself and winter sports, or of women athletes in general?

MP: I think that promoting women in sport and the winter games is more important than promoting myself. I’m quite happy to stay in the background, but if I can do something to promote the sport, or promote women in the sport, especially because we’ve got such a small amount of women competing in skiing, especially in blind skiing. I think that’s more important overall.

((WN)) Most skiers are men?

MP: There’s more men competing in skiing, far more. The standards are a bit higher with the males than with the females.

((WN)) The classification system for everyone else is functional ability, and you guys are a medical classification. Do you think you get a fair shake in terms of classification? Are you happy with the classification?

MP: I think I’m happy with it, the way it’s set out. With vision impairment I’m a B2, against other B2s. It may be the same category, but we have different disabilities, so there’s not much more they can do. I think it’s as fair as they possibly can.

((WN)) You like the point system? You’re okay with it? Competing against B1s and B3s even though you’re a B2?

MP: The factors even all that out. The way they’ve got it at the moment, I don’t have any issues with them, the blind categories.

((WN)) What was it that got you skiing in the first place?

MP: An accident, basically. Complete by chance. A friend of mine in the Department of Recreation used to run skiing camps in the South West Sydney region, and she had a spare spot at one of the camps. Knew that I was vision impaired, and: “Do you want to come along?” “Yeah, why, not, give it a go.” This was back when I was about twelve, thirteen. I went, and I loved it. Went back again, and again, and again. And for the first five or six years I just skied for like a week a season sort of thing, like, you’re on a camp. Fell in love with the sport; my skiing and the mountain atmosphere, I love it, and then, when I finished my HSC, I decided to take myself off to Canada, and skiing Kimberley, the disabled race program that was run by the ex-Australian who coaches Steve Boba, and I’d heard about it through Disabled Winter Sports Australia. And I thought I’d spend some time in Canada, which is for skiing, and had a year off between school and uni, so… first time I ran through a race course actually. It was pretty awesome. So I went back again the next year, and Steve [Boba] recommended me to Steve [Graham], and he watched me skiing in September in the South Island, and invited me on a camp with the Australian team, and I trained for Vancouver, and I qualified, and I said “sure, why not?” And here I am!

((WN)) So you liked Vancouver?

MP: It was just an amazing experience. I came into Vancouver… I had quite a bad accident on a downhill course in Sestriere about seven weeks out from the games, and I fractured my pelvis. So, I was coming into Vancouver with an injury and I had only just recovered and was in quite a lot of pain. So it was an amazing experience and I was quite glad I did it, but wish for a different outcome.

((WN)) So you are more optimistic about Sochi then?

MP: Yes.

((WN)) One of the things about skiing is that it’s really expensive to do. How do you afford to ski given how expensive it is? And the fact that you need a guide who’s got his own expenses.

MP: I’m lucky enough to rank quite high in the world at the moment, so due to my ranking I’m awarded a certain amount of funding from the Australian Sports Commission, which covers my equipment and expenses, and the team picks up training costs and travel costs. All I’ve got to pay for is food and my own equipment, which is good, so I’ve managed to do it a budget.

((WN)) What do you do outside of skiing, because you look kind of young? And you being not like, 30 or 40?

MP: I’m 24. I’m a student still.

((WN)) Which university?

MP: University of Western Sydney. It’s my third university degree. I’ve completed two others prior to this one that I’m doing now.

((WN)) Which degree? That you’re currently pursuing.

MP: Currently, physiotherapy.

((WN)) Because of your experience with sport?

MP: Not really, except that my experience with sport certainly helped my interest and kind of fueled a direction to take in the physiotherapy field when I’m finished my degree, but more the medical side of injury, rehabilitation that got me interested in physiotherapy to begin with, burns rehabilitation and things like that.

((WN)) You view yourself a full-time student as opposed to a full-time professional skier.

MP: Not really. I’m a student when uni’s on and when uni’s finished I’m a skier. The way that the term structure is in Australia it gives me all this time to ski. The uni starts at the end of February and goes to the beginning of June, and then we’ve got a six or seven week break until beginning or mid-August, and uni starts again then, and we go up to mid way through November, and then we’ve got a break again. Skiing fits in very nicely to that.

((WN)) What’s the route for qualification to Sochi for you.

MP: Just maintaining my points. At the moment I’ve qualified. I just need to maintain my points, keep my points under, and then I qualify for the Australian team.

((WN)) So there’s a chance they could say no?

MP: If I’m skiing really badly. An injury.

((WN)) Or if you’re like those Australian swimmers who had the guns…

MP: I’ve no sign of picking up a gun any time soon. Giving a blind girl a gun is not a good idea. (laughs)

((WN)) It just seemed to us that Sochi was so far away on out hand, and yet seemed to be in everybody’s mind. It’s on their program. Sixteen months away?

MP: Yes, something like that. Sixteen. I think it’s been on our mind ever since Vancouver was over and done with. Next season, that was that, it was like: “what are our goals for the next four years?” And it was, “What are our goals for the next three years and two years?” And subsequently, next season, it’s Sochi. What we need to work on, what we need to accomplish for then, to be as ready as possible.

((WN)) What is your favourite event of all the skiing ones? You like the downhill because it’s fast? Or you like Giant Slalom because it’s technically challenging? Or…

MP: I prefer the speed events. The downhill; frightens me but I do love the adrenalin. I’m always keen to do a downhill. But I think Super G might just be my favourite.

((WN)) Do you do any other adrenalin junkie type stuff? Do you go bungee jumping? Jumping out of airplanes? Snowboarding?

MP: I don’t snowboard, no. I have jumped out of a plane. I thought that was fun but downhill has got more adrenalin than jumping out of a plane, I found. I do mixed martial arts and judo. That’s my other passion.

((WN)) Have you thought of qualifying for the Summer [Para]lympics in judo?

MP: As far as I know, Australia doesn’t have a judo program for the Paralympics. But, if I ever get good enough, then sure.

((WN)) They sent one.

MP: They’ve sent one, and he’s amazing. He beats up blind guys, able bodieds, quite constantly. I’ve seen video of him fight, and he’s very very good. If I ever reach that level, then sure, it’s something I’d look into it.

((WN)) Does judo help with your skiing?

MP: Yes, it increases my agility and balance, and strength, for sure.

((WN)) I want to let you get back to changing. Thank you very much.


  • 0

Wine Bottle Refrigerator Beverage Wine Refrigerator Can Protect Your Wine Investment!}

Wine Bottle Refrigerator – Beverage Wine Refrigerator Can Protect Your Wine Investment!

by

Al Hardy

Do you take pleasure in having fine wines, sharing them with dinner guests and buying quality bottles? In that case, it is likely you recognize the need for correct storage for preserving your wines tasting their finest as well as for averting spoilage. A Wine Bottle Refrigerator could be just what you need to protect your wine investment.

Preserving the best temperature for every form of wine is actually the only real solution to store all of them adequately and the proper way to relish them. There are numerous forms of wine bottle refrigerators on the market that may help make storing your wine uncomplicated and pleasant.

Wine Bottle Refrigerator could be the less expensive to store your wine at the perfect serving temperature. You can get additional information on Wine Bottle Refrigerator and Beverage Wine Refrigerator by clicking on the links at the bottom of this article.

Read on to understand which variety will meet your needs, and why you should take the time understand which Beverage Wine Refrigerator is best for you.

[youtube]http://www.youtube.com/watch?v=zqwYG6Kales[/youtube]

Preserve Your Expenditure in Your Wines

Wine consumption in the United States has elevated substantially during the last fifteen years. Nearly all wine aficionados invest considerably to savor their favorites, therefore it seems sensible to safeguard that investment and make the most from each bottle.

Customarily, a wine cellar can be used in avoiding damaging temperature changes, but very few can afford the space and the expense of constructing and keeping a cellar. A Wine Bottle Refrigerator certainly is a sensible option to a wine cellar which could maintain and preserve the perfect flavor of all your wines.

The Importance of Temperature in Stocking Wine

The taste and quality of wine degrades with variations in temperature, and each and every connoisseur understands that appropriate temperature is crucial so you can acquire the most effective flavor. The perfect temperature depends upon the variety. A Chardonnay need to be cooler than Chianti, which ought to be much cooler than Bordeaux.

A typical refrigerator isn’t able to possibly have capacity for these specific requirements, in particular if you wish to retain more than one variety perfectly chilled concurrently. For these reasons, a wine bottle refrigerator needs to be considered to safeguard your investment and improve your pleasure of your collection.

Different Kinds of Beverage Wine Refrigerators

Numerous forms of refrigerators can be obtained to satisfy your space and price range worries. For maintaining a number of bottles readily available for dinner events, a built-in under-counter refrigerator could possibly be perfect. These models could accentuate any kitchen design and can also be installed with a customized overlay to go with your cabinets.

An even larger collection could be much better suitable to a free-standing refrigerator. Free-standing types can be bought in a very fundamental design and style or as a sophisticated piece of furniture well suited for any room. These styles of wine beverage refrigerators are available in sizes to store one or two bottles to as much as one thousand bottles.

A Wine Bottle Refrigerator absolutely is a must if you wish to maintain the ideal quality of most your wines. An investment in a refrigerated storage alternative may safeguard your investment in fine wines and enhance your satisfaction of them by making it uncomplicated for you to sustain correct temperatures. With many built-in and free-standing styles available on the market, there’s no doubt you’ll obtain the style which is perfect for you.

The best place to start your search for a Wine Bottle Refrigerator is on the Internet. You will be able to find the best deal on all of the types and styles and you will be able to find the perfect Beverage Wine Refrigerator for your needs!

Start your research on the Internet for the best deals at

Wine Bottle Refrigerator

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Article Source:

eArticlesOnline.com

}


  • 0

Senate Committee hears bailout proposal

Category : Uncategorized

Wednesday, September 24, 2008

Treasury Secretary Henry Paulson and Chairman of the Federal Reserve Ben Bernanke fielded questions from the Senate Banking Committee today. Paulson and Bernanke were joined by Christopher Cox, chairman of the SEC, and James Lockhart, director of the Federal Housing Finance Agency. The four urged the Committee to pass legislation allowing the Treasury to spend up to US$700 billion to bailout investment banks by purchasing their “illiquid debt”.

They made the pitch to the committee to bail out Wall Street by passing legislation giving the Treasury unprecedented authority and little oversight. The $700 billion will bail out investment banks with illiquid mortgage assets, securities these firms cannot sell because of the state of the housing sector. The proposal will create a reverse auction, in which the illiquid debt will be bought by the Treasury at a price much higher than the fire sale prices the securities are currently valued out.

The debate centered around whether the government should be involved, is $700 billion too much, will it work, the issue of oversight, and the urgency of the situation.

HAVE YOUR SAY
Should congress pass the bailout proposal?
Add or view comments

Paulson and Bernanke claimed that such a bailout is precondition to a healthy recovery to the economy; credit is contingent on a healthy economy, the purchase of the bad debt will increase the lending to business and consumers to help the recovery of the economy.