What Is Considered As Responsible Borrowing?

August 6th, 2022

By Vincent A Rogers

Many financial institutions and experts extol the virtues of responsible borrowing. It has become something of a buzzword and, like all terms of its ilk, a great deal of its meaning is often lost in jargon and unnecessary obfuscation. In this article, well not only look at the definition of responsible borrowing but the real-world application of these principles.

In essence, responsible borrowing comes as a result of thorough research of the loan market, a clear reason for seeking finance and an acute awareness of your current (and future) financial status. You should only ever seek to borrow money in situations where it is absolutely essential and you can easily afford to pay it. In any other circumstances, it would be deemed irresponsible to even consider applying.

For instance, you might be planning a wedding in the near future. Not everybody has huge cash reserves or parents who are able to cover the inevitable cost of getting married. This might mean that you have to scale back your plans a little, consider inviting fewer people or choosing cheaper venues and menu choices. However, even the thriftiest brides and grooms can run up a bill in the thousands.

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

As such, many will look to borrow a certain amount to cover essential costs. This shouldnt be an arbitrary figure though and it isnt a decision that should be rushed either. You should consider how much you can afford to repay and the best possible timeframe. After all, the more you borrow, the more interest you pay. Also, the longer the agreement, the smaller the repayments, but again the interest will increase.

In this case, a responsible way to borrow would be to calculate exactly how much you need, based on budgets and quotes, exploring the loans available to find the best rate and then agreeing terms that you can afford and that have the smallest overall financial cost. This does take a little work and time, but it will mean that you dont end up getting yourself into unnecessary problems as a result of hastiness.

This can be applied to any kind of major loan. So if you need to get a new car or your home is overdue a major overhaul, get your finances in order first and work out what you need, not just what you want.

In many peoples eyes, short term borrowing is by its very definition irresponsible. The high rates of interest, limited checks and reduced lending period would certainly suggest that there is a certain truth in this. However, just as a long-term loan can provide benefit for those seeking large amounts, so short-term alternatives can help anybody who needs just a small amount for a reduced period.

For instance, there are many people who live pretty close to their financial limit often through no fault of their own. If they are in danger of getting overdrawn or missing a payment this can have a devastating long-term impact. Bank charges, interest and late payment fees can quickly accumulate. They will also have the double disadvantage of damaging their credit rating further, making it increasingly difficult to borrow cash in the future.

In this instance, it would be responsible to seek a short-term loan to cover the amount required. Whilst you might pay 20% or more in interest, you would avoid hefty fines and the potential long-term damage that comes with exceeding your agreed limit. As such you could actually save money, especially if you take the time to look around for the best offers.

About the Author: Vincent Rogers is a finance writer who writes for a number of finance businesses. For

payday loans

, he recommends Paydaypower.co.uk

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John Reed on Orwell, God, self-destruction and the future of writing

August 2nd, 2022

Thursday, October 18, 2007

It can be difficult to be John Reed.

Christopher Hitchens called him a “Bin Ladenist” and Cathy Young editorialized in The Boston Globe that he “blames the victims of terrorism” when he puts out a novel like Snowball’s Chance, a biting send-up of George Orwell‘s Animal Farm which he was inspired to write after the terrorist attacks on September 11. “The clear references to 9/11 in the apocalyptic ending can only bring Orwell’s name into disrepute in the U.S.,” wrote William Hamilton, the British literary executor of the Orwell estate. That process had already begun: it was revealed Orwell gave the British Foreign Office a list of people he suspected of being “crypto-Communists and fellow travelers,” labeling some of them as Jews and homosexuals. “I really wanted to explode that book,” Reed told The New York Times. “I wanted to completely undermine it.”

Is this man who wants to blow up the classic literary canon taught to children in schools a menace, or a messiah? David Shankbone went to interview him for Wikinews and found that, as often is the case, the answer lies somewhere in the middle.

Reed is electrified by the changes that surround him that channel through a lens of inspiration wrought by his children. “The kids have made me a better writer,” Reed said. In his new untitled work, which he calls a “new play by William Shakespeare,” he takes lines from The Bard‘s classics to form an original tragedy. He began it in 2003, but only with the birth of his children could he finish it. “I didn’t understand the characters who had children. I didn’t really understand them. And once I had had kids, I could approach them differently.”

Taking the old to make it new is a theme in his work and in his world view. Reed foresees new narrative forms being born, Biblical epics that will be played out across print and electronic mediums. He is pulled forward by revolutions of the past, a search for a spiritual sensibility, and a desire to locate himself in the process.

Below is David Shankbone’s conversation with novelist John Reed.

Retrieved from “https://en.wikinews.org/w/index.php?title=John_Reed_on_Orwell,_God,_self-destruction_and_the_future_of_writing&oldid=4598853”

Death sentences in 2008 Chinese tainted milk scandal

August 1st, 2022

Monday, January 26, 2009

On Thursday, the municipal intermediate people’s court in Shijiazhuang, Hebei province, China pronounced sentences for 21 defendants implicated in the 2008 Chinese milk scandal which killed at least six infants and sickened nearly 300,000 others.

In the local court’s decision, 17 accused were indicted for the crimes of “producing, adding melamine-laced ‘protein powder’ to infant milk or selling tainted, fake and substandard milk to Sanlu Group or 21 other dairy companies, including six who were charged with the crime of endangering public security by dangerous means.” Four other courts in Wuji County, in Hebei, China had also tried cases on the milk scandal.

Zhang Yujun, age 40, of Quzhou County (Hebei), who produced and sold melamine-laced “protein powder” in the milk scandal, was convicted of endangering public security and sentenced to death by the Shijiazhuang intermediate people’s court.

The court also imposed the penalty of death upon Geng Jinping, who added 434 kg of melamine-laced powder to about 900 tons of fresh milk to artificially increase the protein content. He sold the tainted milk to Sanlu and some other dairy companies. His brother Geng Jinzhu was sentenced to eight years imprisonment for assisting in adding the melamine.

A suspended capital punishment sentence, pending a review, with two years probation, was handed down to Gao Junjie. Under the law, a suspended death sentence is equivalent to life imprisonment with good behavior. The court ruled that Gao designed more than 70 tons of melamine-tainted “protein powder” in a Zhengding County underground factory near Shijiazhuang. His wife Xiao Yu who assisted him, was also sentenced to five years imprisonment.

Sanlu Group General Manager Tian Wenhua, 66, a native of Nangang Village in Zhengding County, who was charged under Articles 144 and 150 of the criminal code, was sentenced to life imprisonment for producing and selling fake or substandard products. She was also fined 20 million yuan (US$2.92 million) while Sanlu, which has been declared bankrupt, was fined 49.37 million yuan ($7.3 million).

Tian Wenhua plans to appeal the guilty verdict on grounds of lack of evidence, said her lawyer Liang Zikai on Saturday. Tian testified last month during her trial that she decided not to stop production of the tainted milk products because a Fonterra designated board member handed her a document which states that a maximum of 20 mg of melamine was allowed in every kg of milk in the European Union. Liang opined that Tian should instead be charged with “liability in a major accident,” which is punishable by up to seven years imprisonment, instead of manufacturing and selling fake or substandard products.

According to Zhang Deli, chief procurator of the Hebei Provincial People’s Procuratorate, Chinese police have arrested another 39 people in connection with the scandal. Authorities last year also arrested 12 milk dealers and suppliers who allegedly sold contaminated milk to Sanlu, and six people were charged with selling melamine.

In late December, 17 people involved in producing, selling, buying and adding melamine to raw milk went on trial. Tian Wenhua and three other Sanlu executives appeared in court in Shijiazhuang, charged with producing and selling fake or substandard milk contaminated with melamine. Tian pleaded guilty, and told the court during her 14-hour December 31 trial that she learned about the tainted milk complaints and problems with her company’s BeiBei milk powder from consumer complaints in mid-May.

She then apparently led a working team to handle the case, but her company did not stop producing and selling formula until about September 11. She also did not report to the Shijiazhuang city government until August 2.

The court also sentenced Zhang Yanzhang, 20, to the lesser penalty of life imprisonment. Yanzhang worked with Zhang Yujun, buying and reselling the protein powder. The convicts were deprived of their political rights for life.

Xue Jianzhong, owner of an industrial chemical shop, and Zhang Yanjun were punished with life imprisonment and 15 years jail sentence respectively. The court found them responsible for employment of workers to produce about 200 tons of the tainted infant milk formula, and selling supplies to Sanlu, earning more than one million yuan.

“From October 2007 to August 2008, Zhang Yujun produced 775.6 tons of ‘protein powder’ that contained the toxic chemical of melamine, and sold more than 600 tons of it with a total value of 6.83 million yuan [$998,000]. He sold 230 tons of the “protein powder” to Zhang Yanzhang, who will stay behind bars for the rest of his life under the same charge. Both Zhangs were ‘fully aware of the harm of melamine’ while they produced and sold the chemical, and should be charged for endangering the public security,” the Court ruled.

Geng Jinping, a suspect charged with producing and selling poisonous food in the tainted milk scandal, knelt before the court, begging for victims’ forgiveness

The local court also imposed jail sentences of between five years and 15 years upon three top Sanlu executives. Wang Yuliang and Hang Zhiqi, both former deputy general managers, and Wu Jusheng, a former raw milk department manager, were respectively sentenced to 15 years, eight years and five years imprisonment. In addition, the court directed Wang to pay multi-million dollar fines. In December, Wang Yuliang had appeared at the Shijiazhuang local court in a wheelchair, after what the Chinese state-controlled media said was a failed suicide attempt.

The judgment also states “the infant milk powder was then resold to private milk collectors in Shijiazhuang, Tangsan, Xingtai and Zhangjiakou in Hebei.” Some collectors added it to raw milk to elevate apparent protein levels, and the milk was then resold to Sanlu Group.

“The Chinese government authorities have been paying great attention to food safety and product quality,” Yu Jiang Yu, spokesperson for the Ministry of Foreign Affairs, said. “After the case broke out, the Chinese government strengthened rules and regulations and took a lot of other measures to strengthen regulations and monitor food safety,” she added.

In the People’s Republic of China, the intermediate people’s court is the second lowest local people’s court. Under the Organic Law of the People’s Courts of the People’s Republic of China, it has jurisdiction over important local cases in the first instance and hear appeal cases from the basic people’s court.

The 2008 Chinese milk scandal was a food safety incident in China involving milk and infant formula, and other food materials and components, which had been adulterated with melamine. In November 2008, the Chinese government reported an estimated 300,000 victims have suffered; six infants have died from kidney stones and other acute renal infections, while 860 babies were hospitalized.

Melamine is normally used to make plastics, fertilizer, coatings and laminates, wood adhesives, fabric coatings, ceiling tiles and flame retardants. It was added by the accused to infant milk powder, making it appear to have a higher protein content. In 2004, a watered-down milk resulted in 13 Chinese infant deaths from malnutrition.

The tainted milk scandal hit the headlines on 16 July, after sixteen babies in Gansu Province who had been fed on milk powder produced by Shijiazhuang-based Sanlu Group were diagnosed with kidney stones. Sanlu is 43% owned by New Zealand’s Fonterra. After the initial probe on Sanlu, government authorities confirmed the health problem existed to a lesser degree in products from 21 other companies, including Mengniu, Yili, and Yashili.

From August 2 to September 12 last year Sanlu produced 904 tonnes of melamine-tainted infant milk powder. It sold 813 tonnes of the fake or substandard products, making 47.5 million yuan ($13.25 million). In December, Xinhua reported that the Ministry of Health confirmed 290,000 victims, including 51,900 hospitalized. It further acknowledged reports of “11 suspected deaths from melamine contaminated milk powder from provinces, but officially confirmed 3 deaths.”

Sanlu Group which filed a bankruptcy petition, that was accepted by the Shijiazhuang Intermediate People’s Court last month, and the other 21 dairy companies, have proposed a 1.1 billion yuan ($160 million) compensation plan for court settlement. The court appointed receiver was granted six months to conclude the sale of Sanlu’s assets for distribution to creditors. The 22 dairy companies offered “families whose children died would receive 200,000 yuan ($29,000), while others would receive 30,000 yuan ($4,380) for serious cases of kidney stones and 2,000 yuan ($290) for less severe cases.”

Sanlu stopped production on September 12 amid huge debts estimated at 1.1 billion yuan. On December 19, the company borrowed 902 million yuan for medical and compensation payment to victims of the scandal. On January 16, Sanlu paid compensation of 200,000 yuan (29,247 U.S. dollars) to Yi Yongsheng and Jiao Hongfang, Gangu County villagers, the parents of the first baby who died.

“Children under three years old, who had drunk tainted milk and had disease symptoms could still come to local hospitals for check-ups, and would receive free treatment if diagnosed with stones in the urinary system,” said Mao Qun’an, spokesman of the Ministry of Health on Thursday, adding that “the nationwide screening for sickened children has basically come to an end.”

“As of Thursday, about 90% of families of 262,662 children who were sickened after drinking the melamine-contaminated milk products had signed compensation agreements with involved enterprises and accepted compensation,” the China Dairy Industry Association said Friday, without revealing, however, the amount of damages paid. The Association (CDIA) also created a fund for payment of the medical bills for the sickened babies until they reach the age of 18.

Chinese data shows that those parents who signed the state-backed compensation deal include the families of six children officially confirmed dead, and all but two of 891 made seriously ill, the report said. Families of 23,651 children made ill by melamine tainted milk, however, have not received the compensation offer, because of “wrong or untrue” registration details, said Xinhua.

Several Chinese parents, however, demanded higher levels of damages from the government. Zhao Lianhai announced Friday that he and three other parents were filing a petition to the Ministry of Health. The letter calls for “free medical care and follow-up services for all victims, reimbursement for treatment already paid for, and further research into the long-term health effects of melamine among other demands,” the petition duly signed by some 550 aggrieved parents and Zhao states.

“Children are the future of every family, and moreover, they are the future of this country. As consumers, we have been greatly damaged,” the petition alleged. Chinese investigators also confirmed the presence of melamine in nearly 70 milk products from more than 20 companies, quality control official Li Changjiang admitted.

In addition, a group of Chinese lawyers, led by administrator Lin Zheng, filed Tuesday a $5.2 million lawsuit with the Supreme People’s Court of the People’s Republic of China (under Chief Grand Justice Wang Shengjunin), in Beijing, on behalf of the families of 213 children’s families. The class-action product liability case against 22 dairy companies, include the largest case seeking $73,000 compensation for a dead child.

According to a statement to the Shanghai Stock Exchange Market Friday, China’s Inner Mongolia Yili Industrial Group Company, which has a domestic market share of milk powder at 8 percent, reported a net loss in 2008 because of the milk scandal. A Morgan Stanley report states the expected company’s 2008 loss at 2.3 billion yuan. The scandal also affected Yili’s domestic rivals China Mengniu Dairy Company Limited and the Bright Group. Mengniu suffered an expected net loss of 900 million yuan despite earnings in the first half of 2008, while the Bright Group posted a third quarter loss at 271 million yuan last year.

New Zealand dairy giant Fonterra, said Saturday it accepted the Chinese court’s guilty verdicts but alleged it had no knowledge of the criminal actions taken by those involved. “We accept the court’s findings but Fonterra supports the New Zealand Government’s position on the death penalty. We have been shocked and disturbed by the information that has come to hand as a result of the judicial process,” said Fonterra Chief Executive Andrew Ferrier.

“Fonterra deeply regrets the harm and pain this tragedy has caused so many Chinese families,” he added. “We certainly would never have approved of these actions. I am appalled that the four individuals deliberately released product containing melamine. These actions were never reported to the Sanlu Board and fundamentally go against the ethics and values of Fonterra,” Ferrier noted.

Fonterra, which controls more than 95 percent of New Zealand’s milk supply, is the nation’ biggest multinational business, its second-biggest foreign currency earner and accounts for more than 24 percent of the nation’s exports. Fonterra was legally responsible for informing Chinese health authorities of the tainted milk scandal in August, and by December it had written off its $200 million investment in Sanlu Group.

Amnesty International also strongly voiced its opposition to the imposition of capital punishment by the Chinese local court and raised concerns about New Zealand’s implication in the milk scandal. “The death penalty will not put right the immense suffering caused by these men. The death penalty is the ultimate, cruel and inhumane punishment and New Zealand must take a stand to prevent further abuses of human rights.” AI New Zealand chief executive Patrick Holmes said on Saturday.

“The New Zealand government does not condone the death sentence but we respect their right to take a very serious attitude to what was extremely serious offending,” said John Phillip Key, the 38th and current Prime Minister of New Zealand and leader of the National Party. He criticized Fonterra’s response Monday, saying, “Fonterra did not have control of the vertical production chain, in other words they were making the milk powder not the supply of the milk, so it was a difficult position and they did not know until quite late in the piece. Nevertheless they probably could front more for this sort of thing.”

Keith Locke, current New Zealand MP, and the opposition Green Party foreign affairs spokesman, who was first elected to parliament in 1999 called on the government and Fonterra to respond strongly against the Chinese verdict. “They show the harshness of the regime towards anyone who embarrasses it, whether they are real criminals, whistleblowers or dissenters,” he said. “Many Chinese knew the milk was being contaminated but said nothing for fear of repercussions from those in authority. Fonterra could not get any action from local officials when it first discovered the contamination. There was only movement, some time later, when the matter became public,” he noted.

Green Party explained “it is time Fonterra drops its overly cautious act.” The party, however, stressed the death penalty is not a answer to the problems which created the Chinese milk scandal. “The Green Party is totally opposed to the death penalty. We would like to see the government and, indeed, Fonterra, speaking out and urging the Chinese government to stop the death penalty,” said Green Party MP Sue Kedgley.

Retrieved from “https://en.wikinews.org/w/index.php?title=Death_sentences_in_2008_Chinese_tainted_milk_scandal&oldid=4520113”

Saturn moon Enceladus may have salty ocean

August 1st, 2022

Thursday, June 23, 2011

NASA’s Cassini–Huygens spacecraft has discovered evidence for a large-scale saltwater reservoir beneath the icy crust of Saturn’s moon Enceladus. The data came from the spacecraft’s direct analysis of salt-rich ice grains close to the jets ejected from the moon. The study has been published in this week’s edition of the journal Nature.

Data from Cassini’s cosmic dust analyzer show the grains expelled from fissures, known as tiger stripes, are relatively small and usually low in salt far away from the moon. Closer to the moon’s surface, Cassini found that relatively large grains rich with sodium and potassium dominate the plumes. The salt-rich particles have an “ocean-like” composition and indicate that most, if not all, of the expelled ice and water vapor comes from the evaporation of liquid salt-water. When water freezes, the salt is squeezed out, leaving pure water ice behind.

Cassini’s ultraviolet imaging spectrograph also recently obtained complementary results that support the presence of a subsurface ocean. A team of Cassini researchers led by Candice Hansen of the Planetary Science Institute in Tucson, Arizona, measured gas shooting out of distinct jets originating in the moon’s south polar region at five to eight times the speed of sound, several times faster than previously measured. These observations of distinct jets, from a 2010 flyby, are consistent with results showing a difference in composition of ice grains close to the moon’s surface and those that made it out to the E ring, the outermost ring that gets its material primarily from Enceladean jets. If the plumes emanated from ice, they should have very little salt in them.

“There currently is no plausible way to produce a steady outflow of salt-rich grains from solid ice across all the tiger stripes other than salt water under Enceladus’s icy surface,” said Frank Postberg, a Cassini team scientist at the University of Heidelberg in Germany.

The data suggests a layer of water between the moon’s rocky core and its icy mantle, possibly as deep as about 50 miles (80 kilometers) beneath the surface. As this water washes against the rocks, it dissolves salt compounds and rises through fractures in the overlying ice to form reserves nearer the surface. If the outermost layer cracks open, the decrease in pressure from these reserves to space causes a plume to shoot out. Roughly 400 pounds (200 kilograms) of water vapor is lost every second in the plumes, with smaller amounts being lost as ice grains. The team calculates the water reserves must have large evaporating surfaces, or they would freeze easily and stop the plumes.

“We imagine that between the ice and the ice core there is an ocean of depth and this is somehow connected to the surface reservoir,” added Postberg.

The Cassini mission discovered Enceladus’ water-vapor and ice jets in 2005. In 2009, scientists working with the cosmic dust analyzer examined some sodium salts found in ice grains of Saturn’s E ring but the link to subsurface salt water was not definitive. The new paper analyzes three Enceladus flybys in 2008 and 2009 with the same instrument, focusing on the composition of freshly ejected plume grains. In 2008, Cassini discovered a high “density of volatile gases, water vapor, carbon dioxide and carbon monoxide, as well as organic materials, some 20 times denser than expected” in geysers erupting from the moon. The icy particles hit the detector target at speeds between 15,000 and 39,000 MPH (23,000 and 63,000 KPH), vaporizing instantly. Electrical fields inside the cosmic dust analyzer separated the various constituents of the impact cloud.

“Enceladus has got warmth, water and organic chemicals, some of the essential building blocks needed for life,” said Dennis Matson in 2008, Cassini project scientist at NASA’s Jet Propulsion Laboratory in Pasadena, California.

“This finding is a crucial new piece of evidence showing that environmental conditions favorable to the emergence of life can be sustained on icy bodies orbiting gas giant planets,” said Nicolas Altobelli, the European Space Agency’s project scientist for Cassini.

“If there is water in such an unexpected place, it leaves possibility for the rest of the universe,” said Postberg.

Retrieved from “https://en.wikinews.org/w/index.php?title=Saturn_moon_Enceladus_may_have_salty_ocean&oldid=4453704”

Spyware, Hijackers, Adware, Dialers, Or Keyloggers: Get Free Protection From All Of Them!

August 1st, 2022

Submitted by: Carl R. LeRoy

Free SpywareSpyware, Hijackers, Adware, Dialers, or Keyloggers: Get free protection from all of them! Have you ever had the experience of finding programs installed in your computer without your knowledge? What about being annoyed by numerous popup advertisements? How about your start page or home page changing all the time? What about your search results suddenly changing or your computer dialing out? Chances are you have been a victim of spyware, hijackers, adware, dialers, or keyloggers. Terms Defined Let s take a look at some of these computer menaces.

Spyware This is an infectious program installed surreptitiously in the computer system and supplies the software writer or the website which installed it confidential information about the user, may it be the websites you often visit, your activities in the computer, or even your password and credit card number. It can get into your computer in the form of a software virus or as a consequence of installing a program.

Hijackers Sometimes called hijackware, this program changes your computer s browser settings in such a way that you are brought to web sites that you had no intention of looking into in the first place. These hijackers are often start pages and search pages to customers who pay for the service because of the traffic generated by them. This malware may slow your computer and cause your browser to crash.

[youtube]http://www.youtube.com/watch?v=4t9mXwTTudg[/youtube]

Adware This is a program designed to display advertisements on your personal computer. And we are not talking about your normal advertisement every time you visit a website. Adware uses popup ad windows or even voice messages that are not by any means connected to the websites that you often visit.

Dialers – These are programs installed into your computer system, which may rake you thousands of dollars in phone bill. A web dialer can be installed like a virus, Trojan, or any other malicious code into your computer system through e-mail attachments or downloaded software. Once installed, it will dial charge lines even when the user is not viewing a pay-per-view web site. Charges may range from a few pennies to dollars per minute.

Keyloggers – Also known as keystroke loggers, keyloggers record your keystrokes in the computer (more sophisticated types may even capture screen shots) and will log or report them to the individual who installed them. Some companies use the commercial type to monitor employee resource use or monitor corporate spies. Law enforcement agencies may also use keyloggers to collect evidence against suspected criminals. However, some may use these keystroke loggers to spy on their co-workers and bosses. Protection Where do we get protection from these computer security threats?

What should we look for a free spyware and what-have-you removal system? There are a few things that we can take into consideration before we download a free spyware remover from the Internet:

1. A good spyware remover should provide effective protection against the software infections mentioned above (since they are the main software infections that give away confidential details about the user and decreases the efficiency of your computer), as well as all other malicious software invented by man if possible.

2. Your free spyware remover should come with cleaners so that you ll be able to detect spyware online. Free spyware cleaner programs also remove spyware programs that are running currently in your computer. After installing your free spyware remover, download the current anti-virus definitions available in the Internet. You may use two or more to guarantee that all malware threats are discovered and removed quickly. Also, you may want to have a full system scan every week. Make sure that your security program and anti-virus are always enabled to scan all e-mails, may they be incoming or outgoing.

What are you waiting for? Clear your computer now of malicious software and programs.

About the Author: Carl R. LeRoy is the owner of Home Based Business Ideas and writes on a variety of subjects. To learn more about starting your own home based business earning 6 streams of income Please visit us @

pluginprofitsite.com/main-24715

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At least 53 killed, over 90 injured in Shanghai apartment fire

July 31st, 2022

Tuesday, November 16, 2010

China’s Xinhua News Agency said Tuesday that at least 53 people were killed in Shanghai during a deadly fire. The blaze, which occurred on Monday at 2:15 p.m. CST (0615 UTC), consumed a 28-story high-rise apartment building in the city’s Jing’an District.

The building was being renovated at the time of the fire, and was home to over 150 families. At least 100 victims have been admitted to area hospitals, although some later died. Most survivors were not seriously injured, but needed treatment for smoke inhalation. Firefighters were still looking for survivors and over 70 were still hospitalized on the morning after the fire.

The fire was the worst in recent Shanghai history and took over 100 fire engines more than four hours to contain. Strong winds blew heavy smoke into the air, hampering rescue efforts by helicopters. The smoke was seen by witnesses around 15 kilometres (9.3 miles) away from the high-rise. The fire was largely extinguished by 6:30 p.m. local time (1000 UTC), allowing fire and rescue officials to enter the building.

The apartment building, built in the late 1990s, was home to mainly retired teachers. Some residents climbed down the scaffolding to escape, while others called for help but were unable to flee the blaze. “I saw at least four or five people hanging onto the scaffolding which covers the building, screaming for help,” said Li Qubo, who was working near the high-rise.

The cause of the fire has not yet been determined, but local residents said fire safety regulations were not strict, and workers often tossed used cigarettes into the building’s hallways. Qiu Jingshu, a 38-year-old worker who was outside the 18th floor when the fire struck, said he saw sparks from welding being done on an adjacent building fly over onto the high-rise. The sparks lit up foam on the scaffolding around the apartment, according to Qiu. “We had tried to put out the blaze, but the fire was so big and spread so quickly that we could barely escape ourselves,” he said. Crews were said to have been installing insulation at the time of the fire, and witnesses saw construction materials on fire before the building was overtaken by flames.

Two nearby buildings were evacuated, and their residents were temporarily sent to local hotels, and a school. Meng Jianzhu, China’s Minister of Public Security, said that an investigation would determine who was responsible for the fire, so they could be punished accordingly. Meng said that a team had been formed under China’s State Council to look into the disaster.

A similar incident occurred in Beijing early last year. In February 2009, the illegal use of fireworks caused a fire that gutted a 34-story building under construction at the time.

Shanghai has a population of about 20 million, housed mainly in high-rise apartments. Many buildings in the city are under construction or being renovated.

Retrieved from “https://en.wikinews.org/w/index.php?title=At_least_53_killed,_over_90_injured_in_Shanghai_apartment_fire&oldid=1442136”

Canadian Parliament suspended until March

July 30th, 2022

Wednesday, December 30, 2009

Canadian Prime Minister Stephen Harper has received approval from Governor General Michaelle Jean to prorogue the Canadian Parliament for about two months, up until the end of the 2010 Winter Olympics in Vancouver, the Prime Minister’s Office has announced today.

Under the prorogation, Parliament will resume on March 3, as opposed to January 25, when it was originally scheduled to return from the holiday break. The move to prorogue will strike any currently proposed legislation off the order paper, including the anti-crime bill that was proposed by the Conservatives as part of their election platform.

The move, which has drawn sharp criticism from the opposition, would allow the Conservatives to gain a majority in Senate committees, while also dodging criticism stemming from allegations of the abuse of Afghan detainees.

Parliament was prorogued once before in 2008, causing a coalition of the opposition Liberals, NDP and Bloc Québécois to collapse, and seeing then Liberal leader Stéphane Dion replaced with current leader Michael Ignatieff.

Retrieved from “https://en.wikinews.org/w/index.php?title=Canadian_Parliament_suspended_until_March&oldid=4199233”

Maine passes gay rights law

July 30th, 2022

Thursday, March 31, 2005

With the stroke of a pen, Gov. John Baldacci of Maine signed into law a gay rights bill that extended legal protection against discrimination on the basis of sexual orientation. The new law does not legalize same-sex marriage.

Known officially as “LD 1196,” the bill’s wording adds the term sexual orientation to the list of protected classes in the Maine Human Rights Act banning discrimination in employment, housing, education, credit, and public accommodations. The bill was passed by the Maine House of Representatives by a vote of 91-58 Wednesday. The State Senate approved the bill the same day by a vote of 25-10.

Already protected classes under the state’s human rights act are gender, age, religion, race, and physical and mental disability. Additional language was added to LD 1196 before it passed clarifying that it would not extend marriage rights to same-sex couples and exempts privately-funded religious groups from having to comply with its provisions. The new law takes effect June 30.

Government official said the new law is needed to send a message. The office of the Maine Attorney General says that the number of hate crimes against gays and lesbians increased by 12 percent in 2003. Baldacci said those figures underscore why the new law is needed.

“This act not only offers essential civil rights, but serves as a welcome,” Baldacci said in a press conference after signing the new law. “Our doors are open to all people. This is a proud day for Maine.”

But at least one group is organizing to stop the new gay rights law in its tracks. According to reports, the Christian Civic League of Maine has filed initial paperwork to put a voter initiative on the November 2005 general election ballot to overturn the new law.

The group must get at least 50,519 valid signatures from registered voters of the state by a June 28 deadline. Michael Heath, executive director of the group, told the Associated Press that the League has a goal of 70 thousand valid signatures and hopes to raise $2 million to fund a campaign, called a “people’s Veto,” to repeal the new law.

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The Equipment Lease Calculator Know Your Lease Amount

July 29th, 2022

The Equipment Lease Calculator – Know your Lease Amount

by

Sanjana Sharma

Leasing is a valuable alternative for growing businesses. Equipment leasing gives us:

1.Maintain Capital Strength

2.Efficiency

3.Flexibility

4.Obsolescence Protection

5.100% Financing

6.Customized solutions

7.Asset Management

8.Tax Advantages

[youtube]http://www.youtube.com/watch?v=Oa0yIzq-0oQ[/youtube]

When you are leasing equipment for your business such as computers, heavy construction equipment, used medical equipment or and farm equipments, you may qualify for benefits that you may not have known existed.

About The Equipment Lease Calculator

As a business lessee, you probably want to know approximately what you can expect to pay for an equipment lease. Here’s an equipment lease calculator that will give you fast answers to your financial questions. Simply enter the cost of the equipment that you are looking to finance and analyze quotes for 12, 24, 36, 48, or 60 months. Determine if a lease fits your priorities, long term goals and financial condition, all with a few clicks of your mouse. It s easier than ever to determine the amount and length of lease that s right for you.

The results returned by the leasing calculator are monthly rentals based on conservative equipment leasing rates for assets .Some sub-prime business customers may find that the deposit required is greater than the leasing calculator returned, i.e. 12 months rental instead of 6 is needed. Leasing companies will endeavor to achieve the best monthly rental we can for your asset finance. Lease payments are calculated by subtracting the residual from the net selling price, dividing that amount into payments and then adding the lease charge. The formulas mentioned below are basic and can vary.

Step 1 : Calculate the Depreciation

Depreciation = (Selling Price – Residual) / Number of Months

Step 2: Calculate the Lease Charge

To calculate the lease charge you will need to know the Money Factor (money-factor as the “interest rate” for the lease)

((Net Sales Price – Residual)/ Term) + ((Net Sales Price + Residual) x Money Factor) = Month Lease Payment.

Step 3: Convert the Money Factor to an Interest Rate

This formula produces a high interest-rate it doesn’t necessarily mean that it is a bad lease.

(Money-Factor x 2400)

This “lease calculator” takes no account of the following:-

1.The size of loan.

2.Your company s circumstances.

3.A start-up company may need to have additional security to secure lease finance.

4.Other potential costs that an asset lender may charge.

5.Examples are documentation or “change of title” fees, which do vary but are generally minimal.

6.Other factors that may affect the rentals include:-

– The residual value of any asset to be leased.

– Quarterly, Half Yearly or Annual Rentals.

– The amount of deposit you may wish to put down.

You ll soon find that the whole equipment leasing process is faster, simpler, and often less costly than other financing alternatives. You can rely on the equipment lease calculator to navigate your way through various options. Our calculator allows you to analyze your business transactions, calculate monthly costs, and preserve your resources.

Sanjana Sharma is an author of this article. For more information about

equipment lease calculator

, lease calculator, computer equipment leasing,

used medical equipments

, commercial truck leasing visit

leasewithcrystal.com

Article Source:

ArticleRich.com

Category:June 8, 2010

July 26th, 2022
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