U.S. Senate approves revised bailout package after controversial additions

U.S. Senate approves revised bailout package after controversial additions

Saturday, October 4, 2008

The U.S. Senate passed a revised bailout bill designed to help the struggling U.S. financial economy, which has measures nearly identical to the bill rejected by the U.S. House of Representatives on Monday.

“Senate Democrats and Republicans believe it is essential that we work quickly on this important legislation to restore confidence to our financial system and strengthen the economy,” said Senate Majority Leader Harry Reid.

The new revisions include raising the FDIC insurance cap to $250,000, a move designed to please progressives. However, the $110 billion in tax breaks, earmarks and what has been called pork barrel spending is not offset by any increases in revenues and has added opposition to the bill from some Representatives in the House.

Earmarks added into the bailout bill included $192 million in tax rebates for the Virgin Islands rum industry, $148 million in tax cuts for the wool industry, $100 million tax cuts to the auto racing industry, and $48 million in Hollywood tax incentives.

Vice President of Taxpayers for Common Sense, Steve Ellis, offered his explanation for the pork and earmarks added in. “People who support some of these provisions will forget about the $700 billion and concerns they may have on that, and say, ‘If you give me a few million in tax breaks for my constituents, I’ll go along'”.

The tactic seems to have worked, however, managing to flip enough votes to pass the bill.

“The inclusion of parity, tax extenders and the FDIC increases has caused me to reconsider my position,” said Representative Jim Ramstad (R Minnesota), who voted against the previous bill on Monday. “All three additions have greatly improved the bill.”

But Representative Marcy Kaptur (D Ohio) was not changing her no vote. “I will not support this legislation because it’s the wrong medicine,” she said.

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The Senate took H.R.1424, a bill originating in the House concerning “equity in the provision of mental health and substance-related disorder benefits under group health plans, to prohibit discrimination on the basis of genetic information with respect to health insurance and employment,” and extended it with the bailout provisions.

H.R.1424 was introduced on March 9, 2007, by Rep. Patrick Kennedy (RI-1) and had the support of First Lady Rosalind Carter. It is noted on the Congressional Website that “On 10/1/2008, the Senate passed H.R.1424 as the vehicle for the economic rescue legislation. In the EAS version of the bill (Engrossed Amendment as Agreed to by the Senate), Division A (pp.1-110) is referred to as the Emergency Economic Stabilization Act of 2008; Division B (pp. 110-255) is referred to as the Energy Improvement and Extension Act of 2008; and Division C (pp. 255-441) is referred to as the Tax Extenders and Alternative Minimum Tax Relief Act of 2008.” It was not treated as an appropriations bill in the House.

There were two votes in the Senate. The first was to amend H.R.1424, which required 3/5 to be accepted, which it was. The second was a vote on the bill. Passage of the Bill required only a 1/2 majority. It was passed with 74 yeas and 25 nays. Senator Kennedy did not vote.

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Several groups seek to purchase Saturn auto brand

Several groups seek to purchase Saturn auto brand

Thursday, May 7, 2009

Penske Automotive Group, Inc., an Ohio-based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM).

According to The Wall Street Journal, Nissan-Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of Penske’s potential bid. If Penske acquired the brand, they would distribute Saturn vehicles and outsource the assembly.

GM revealed that the Saturn brand along with Saab and Hummer were up for sale when unveiling their restructuring plans to Congress for governmental loans. While the Pontiac brand was originally to be a niche brand, GM had changed their plans recently and decided to eliminate the brand.

Telesto Ventures is an investment group that includes private equity firm Black Oak Partners LLC of Oklahoma City and several Saturn dealerships. Initially, Telesto will purchase Saturn branded cars from GM then act as a general retailer for foreign brands. Telesto is in talks with several foreign manufacturers.

The Ohio group includes many former senior auto company managers plus private financial backers, chemists and engineers who live in Michigan, Ohio, Indiana and Florida. This group plans to initially purchase cars from GM then purchase existing but closed plants due to automaker restructuring. Additionally, one of the partners indicated a willingness to accept some “legacy” cost in relation to the United Auto Workers. The Ohio group is also pursuing possible loans or other support from national and state governments.

GM is reviewing several offers for Saturn. GM has contracted with S.J. Girsky & Co. to advise them on the sale.

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The Search For A Great Retirement Home Putnam

byAlma Abell

Many treasure the time that they can retire and enjoy their lives more. Some no longer wish to keep up with the responsibilities of owning a home and want to socialize more with others their own age. They feel that the time has come to look for a great Retirement Home Putnam. They are usually interested in finding a space that offers tranquil surroundings and a central location. Planned activities are very important so that one can stay active. A fine dining facility is a plus and is a great way to socialize. They should also offer services that meet the individual needs of their residents.

Assisted living and independent living are two types of options that are usually offered. Independent living works for those who can still take care of themselves completely and who want to remain as independent as possible. Assisted care works well for those who may need some assistance when it comes to bathing, dressing and taking medications. It is a good idea to choose a facility that provides both types of care options. This will help to prepare you if you need assisted living care in the future. The Country House is an excellent facility that offers both types of care along with Respite care for short term stays.

Planned activities should be something that occurs daily. This can include exercise, dancing, trips, group projects, games and much more. These activities will help you to meet others with the same interests. It is also important to you because you will want to make the most of this time. You should take advantage of all of the activities that are offered because you are sure to enjoy yourself.

The cost of care in these facilities vary in price. You should book several tours in order to learn more about what each center has to offer. You will also want to make a list of the most important characteristics that you are searching for. This will be helpful in making a decision. It is a good idea to take along a friend or family member who can give you an opinion as well. Browse website for more information.

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First Star Trek series in twelve years, Discovery, debuts on television

First Star Trek series in twelve years, Discovery, debuts on television

Tuesday, September 26, 2017

On Sunday, US television station CBS aired “The Vulcan Hello”, the premiere episode of Star Trek: Discovery. The episode is slated to be the only one of the series broadcast on conventional television, with future installments exclusive to streaming platform CBS All Access. Discovery continues the long-running Star Trek franchise with the first series in the franchise to feature a black female lead.

The airing follows several months of development and delays, as the series was retooled by veteran television producers including Bryan Fuller and Akiva Goldsman. Initially announced in 2015 to celebrate Star Trek’s 50th anniversary the following year, the series has been plagued by setbacks, including departure of Bryan Fuller as showrunner in late 2016, collectively pushing its release date to move from January to September of this year.

Only Canadian station Space is to air the series on traditional television. In all other non-US countries, Netflix has the rights.

The series is the newest installment of the Star Trek media franchise. Discovery is a prequel program set before the 1960s original series, set to explore the relationship between the Earth-based Federation made up of several benign alien species who explore the universe to find new life, and the war-like Klingons who have been villains of the various films and television installments. Veteran US television actress Sonequa Martin-Green stars as Michael Burnham, first officer of starship USS Shenzou.

The series has earned praise and controversy for its decision to cast the lead as a black woman. Creators say this inclusivity is consistent with the franchise’s history, which has featured black male and white female leads. All casts have been multi-racial, starting with the original series, which included the black female character Uhura portrayed by Nichelle Nichols.

Discovery also marks a key part of CBS’s strategy for streaming its streaming video service All Access. Launched in 2014, the platform has a library of several thousand episodes from the network’s past programming as well as debuting two spin-off series: Big Brother: Over the Top, from the reality television franchise Big Brother, and the legal procedural The Good Fight, from The Good Wife. The CBS Corporation is using this drama as an incentive for signing up to their service, which competes with industry giants Amazon Prime, Netflix, and Hulu. Hulu is a joint venture including many of the broadcast networks in the United States but CBS only began sharing selected programming on this platform earlier this year. CBS claimed the debut resulted in their biggest surge in membership, without offering hard numbers.

Posted: April 20th, 2018 by

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Loan Forgiveness Program A Breather For Distressed Military Personnel

By John B Mayall

Everyone is aware of the dedication and the sacrifices made by military personnel in the services provided to their country. But, do we do something to uplift the quality of their life? Though we place them on a pedestal, sing laurels about them and provide tributes to their service not much is being done to actually help them better their individual personal and family lives. Keeping that in focus a special program called Armed Forces Loan Forgiveness Program was started after 11 September 2001.

This program is mainly focused on providing relief to a tune of $2,500 to people who have been in active service between 11 September 2001 and 30 June 2008. This is applicable to student loans and can be availed only once. This is totally a private funded program and does not involve the government in any manner. It is run by the Pennsylvania Higher Education Assistance Agency (PHEEA) that oversees the entire functioning of the program. Also, there is no burden on the taxpayers to fund the program in any manner.

Apart from the eligibility criteria for the personnel to be in active duty between the stipulated periods mentioned, there are other criteria that need to be fulfilled to be able to avail the loan forgiveness program. Only loans such as AES, Consolidation, HEAL, Keystone EXTRA, SLS and Stafford are eligible for participation to this program. The loan payments should not be in default and be paid correctly till the current date. Only loans provided before the deadline i.e. June 30 is eligible.

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Last but not the least the military personnel should have a connection to Pennsylvania to be eligible for the loan forgiveness program. For this, the person should be either a resident of the state presently or should have had their education in Pennsylvania before joining up the armed forces or should have been in the state when they entered the armed forces. For non-residents to be eligible is only possible if they had their education at a state college and joined the military right after their education. If the concerned military personnel match up with all these eligibility criteria, then they can get loan forgiveness through this program.

The entire process of applying has been simplified and made easy. The interested personnel can get the form by going online and visiting the PHEAA site at www.pheaa.org and downloading it. After completing the form it can be forwarded to the PHEAA office at the following address: AES Loan Forgiveness Group, Post Office Box 2461, Harrisburg, Pennsylvania 17105-2461. The interested persons can also access a helpline by using the number 1-800-233-0557. The applications should reach the office before 31 December 2008 to be eligible for the program.

Even though $2500 is not a substantially high amount in today’s times, something is definitely better than nothing to help our military personnel tide over their financial difficulties. For this reason, many of our military personnel are utilizing this program to help them reduce their burden of never ending financial commitments in life.

About the Author: Discover more on loan military travel as well as loan rate act for military when you visit top military personal loans resources at martialloan.com

Source: isnare.com

Permanent Link: isnare.com/?aid=255519&ca=Finances

Posted: April 19th, 2018 by

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Wikinews interviews specialists on China, Iran, Russia support for al-Assad

Wikinews interviews specialists on China, Iran, Russia support for al-Assad

Monday, September 23, 2013

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


  • 1 Interviewees
  • 2 Wikinews Q&A
    • 2.1 China
    • 2.2 Iran
    • 2.3 Russia
  • 3 Related news

File:Ghouta chemical attack map.svg

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

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

Posted: April 19th, 2018 by

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Cisco sues Apple for iPhone trademark

Cisco sues Apple for iPhone trademark

Friday, January 12, 2007

The iPhone only made its appearance as a prototype and there have been controversies aroused.

The dispute has come up between the manufacturer of the iPhone (which was resented on Wednesday for the first time) – Apple Inc. – and a leader in network and communication systems, based in San JoseCisco. The company claims to possess the trademark for iPhone, and moreover, that it sells devices under the same brand through one of its divisions.

This became the reason for Cisco to file a lawsuit against Apple Inc. so that the latter would stop selling the device.

Cisco states that it has received the trademark in 2000, when the company overtook Infogear Technology Corp., which took place in 1996.

The Vice President and general counsel of the company, Mark Chandler, explained that there was no doubt about the excitement of the new device from Apple, but they should not use a trademark, which belongs to Cisco.

The iPhone developed by Cisco is a device which allows users to make phone calls over the voice over Internet protocol (VoIP).

Posted: April 19th, 2018 by

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Yell threatens to shut down Yellowikis

Yell threatens to shut down Yellowikis

Wednesday, July 5, 2006

London — Yell, the world’s biggest yellow pages publisher, today threatened to shut down Yellowikis, the wiki-based yellow pages directory.

Yell accused Yellowikis co-founders Paul Youlten and his 15 year-old daughter Rosa Blaus of “misrepresentation”, “passing off” and suggested that using the name Yellowikis could “constitute an ‘instrument of fraud’.” Passing off is defined as misrepresenting a product and passing it off as one’s own. Passing off is a form of trademark infringement.

Yell is demanding that Paul and Rosa close down the website, transfer the domain names to Yell and agree to pay damages to Yell for loss of profits. Yell made $2.4bn in 2005, whereas Yellowikis had a loss of $500. The $500 was used to print T-shirts promoting Yellowikis at the Wikimania conference in Frankfurt.

Paul Youlten said: “This threat from Yell to shut us down looks like a sign of desperation. The whole yellow pages industry is in crisis. Use of the paper directories is collapsing as people get broadband Internet connections in their homes. Small and medium sized businesses are beginning to notice that their customers are ringing them up and saying ‘I found you on Google’ and not ‘I found you in the yellow pages’.”

Rosa Blaus said: “Maybe they are a bit jealous of Yellowikis because we allow companies to add videos, skype IDs, email addresses, instant messaging, in as many categories and languages as they like for free.” Blaus suggested to her father that they set up Yellowikis after she noticed small businesses were deleted from Wikipedia for not being “encyclopaedic”.

Yellowikis has been growing at 8.7% month-on-month and has 494 editors and about 5,000 articles listed.

The threat of legal action came after an article published in The Independent newspaper mentioned Yellowikis.

Posted: April 19th, 2018 by

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Stop Avoiding Activities And Events With An Escort In Sterling Heights Mi

byAlma Abell

Being single can be difficult at times. Events and parties do not seem as much fun when you are alone. Even eating at a new restaurant can feel strange when you are sitting alone. You may also find it awkward to go to a movie or the theater without a companion. However, finding a date for such events is not as easy as it seems. This can be even more complicated, if, your life does not allow for a relationship. Many women do not wish to be company to such events without the chance of a future. This can make things quite difficult for the single man who just wishes companionship for certain activities. There is a solution to this problem. An Escort Sterling Heights MI can provide the companionship you need.

In today’s busy world, it can be difficult to make time for a relationship. Finding that special someone may not be a priority right now. It may also be a difficult challenge to get out and meet new people. There is nothing wrong with waiting for that type of thing. However, without a special someone in your life, attending many events or activities can get lonely. It can be embarrassing and lonely to attend a company party without a date. New movies, restaurants, and other events can seem less appealing when you have to attend alone. An Escort Sterling Heights MI can be your solution to this lonely problem.

Finding a date for many events does not have to be a challenge. There is no need to play the relationship game just to avoid an awkward or embarrassing situation at company events. An Escort Sterling Heights MI can be a great way to find enjoyable companionship for such things. There are many woman available that can suit your personal needs. Beautiful, intelligent, classy women are available to accompany you to any event or activity. Companies, such as Sweet Intentions Sterling Heights MI, can provide you with a date for a night out or business event. They can even help out in a pinch.

If your date cancels at the last minute, you can give them a call. A suitable date will be ready for your activity any time of the day or night. Never again will a night out be lonely.

Posted: April 18th, 2018 by

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Thousands expected to protest at Forbes Global CEO conference in Sydney

Thousands expected to protest at Forbes Global CEO conference in Sydney

Tuesday, August 23, 2005

Organisers of a protest march planned to occur in Sydney next week are predicting thousands of people will attend. The protest is timed to coincide with the Forbes Global CEO Conference, which starts at the Sydney Opera House the same day.

The action is being promoted by various trade unions and peace and social justice groups, and co-ordinated by the 30A Network, which is an informal association of such groups. A number of reasons have been given for the protest, including the Iraq War, globalisation, and the Australian government’s planned industrial relations changes.

The 30A network website is reporting that the protest has been endorsed by the NSW Fire Brigade Employees’ Union, the Maritime Union of Australia, the Australian Services Union, and the Construction, Forestry, Mining and Energy Union.

The NSW Police Service will provide free security for the conference. This is potentially controversial, as other events such as football games have to pay for police to attend. The decision has been criticised by the NSW Police Association, as they claim it will leave inner city stations short-staffed. The opposition police spokesman Mike Gallacher echoed the Association’s criticism, saying that the conference organisers should foot the bill themselves.

“Even though ASIO have identified it as a risk coming to Sydney, they can be guaranteed the best policing resources available in this country to hold their conference in a safe environment, but to do so they should have been asked to pay their way, to pay the bill,” he said.

A spokesman for the Police Minister said that frontline policing would not be affected.

New South Wales Premier Morris Iemma defended the use of taxpayers’ money on policing the conference.

“The advice I have is that ASIO have declared this as a medium-security event, which classifies it as warranting security. They do expect up to 2,000 protesters and if the local agricultural show had been subject to the same security assessment with potential protesters, they too would receive the same security response,” he said.

Posted: April 18th, 2018 by

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