US Senate passes new bankruptcy bill

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US Senate passes new bankruptcy bill

Saturday, March 12, 2005

In a vote of 74-25 last Thursday, the US Senate passed a measure that would change bankruptcy laws, making it harder for individuals seeking relief from their debt burden to avoid repayment. Almost twenty Democrats joined Republicans, who currently hold a majority of the seats in the US Senate, in passing the bill.

Lobbyists for credit card companies and financial services firms have worked for the bill during the last two administrations. A similar measure passed both the Senate and House during the previous administration, but then President Bill Clinton pocket-vetoed the measure in 2000.

Democrats sought to soften the bill by allowing bankruptcy filers to negotiate directly with lenders for relief, but the amendments were defeated by the Republican-controlled Senate. Proponents of the bill claim the rise of bankruptcy filings to nearly 1.5 million a year shows that abusers of credit use the filings to shield themselves from irresponsible practices.

“There has been an explosion of bankruptcy,” said Iowa Republican Sen. Charles E. Grassley, the bill’s sponsor. “We preserve the principle of a fresh start, but we also establish a principle that if you have the ability to repay some of your debt, you are not going to get off scot-free.” However, Massachusetts Democratic Sen., Edward M. Kennedy said, “This legislation makes the bankruptcy courts of the United States the collection agency for the credit-card industry.”

The bill impacts a broad spectrum of bankruptcy law, but the most significant impact is on personal bankruptcy filings. Individuals who get behind in repaying credit card debt face high interest charges and stiff late payment fees. By only meeting minimum payment requirements, borrowers remit to the lender over the life of the loan an amount in interest and other fees that can far exceed the value of the principal balance of the loan. This can put consumers who run up high balances on various cards at financial risk of default. Critics of the bill blame these aggressive lending practices as a contributing factor in the rising trend of bankruptcy filings from 1996.

The proposed bill doesn’t only affect debtors with credit card debt.

It also affects debtors who have run up large medical bills.

Patients with a past medical history that disqualifies them from full medical coverage, can easily find themselves facing insurmountable medical bills after just a short stay in the hospital. These individuals will no longer be able to get a fresh start after these personal disasters, and will be forced to live in poverty until they can pay off their medical bills as part of their Chapter 13 filing. (Prior to this bill, they would have been able to file Chapter 7, completely discharging their debt.)

Chapter 7, which accounts for 70% of bankruptcy filings, allows individuals to eliminate most non-secured debts after liquidating assets, with the notable exemption of one’s principle residence in most states. The Senate passed bill would change Chapter 7 eligibility by applying a means-test, where those with a median income higher than the state average would be required to file under Chapter 13 provisions. Under Chapter 13 protection, an individual’s debt is not forgiven; rather it is restructured for payment under more lenient terms.

This was the first major overhaul of federal bankruptcy law in many years.

Under the old bankruptcy law, a personal bankruptcy attorney could not be held financially responsible for his clients mendacity. Under the new bankruptcy law, the bankruptcy attorney is responsible for his client’s lies to the Court about his assets and the bankruptcy attorney and his insurance carrier can be held responsible by the Bankruptcy Court.

The result is that personal bankruptcy attorneys (this does not apply to corporate bankruptcy attorneys) are likely to flee the personal bankruptcy field when the new law takes effect. Their insurance companies will not offer the sort of coverage that they would need to continue to practice.

So when consumers need to file personal bankruptcy under the new law, they will be unlikely to find a bankruptcy attorney to represent them. Consumers will have to file pro se: such consumers will be likely to fail due to the complexity of the law.

The bottom line is that the field of personal bankruptcy law as a practice area of law will cease to exist when the new bankruptcy law takes effect, and consumers will be unable to secure legal counsel and so consumers will lose what legal protections counsel now affords them.

Under the new bankruptcy law about one half million Americans will be forest to pay for at lest 5 years on longer they will be held in servitude as chattel they will be completely subservient to a dominating influence of the company that holds the loan. Their loan will be put on the market for sale for profit. The people will be forced to work harder. People who fail to go to court will have a arrest warrant made out in their name and people who refuseto pay. They will be subject to fines and or jail. About fifty thousand Americans will punished by a fine and or about three thousand Americans every year will go to jail under the new bankruptcy law. For some people this will be a third strike they will be put in jail for life.

The bill has the support of President Bush, and its passage in the House sometime next month seems likely. If enacted into law, lending companies will recover more money on what otherwise would be written off as bad loans. Those persons of median and higher income seeking relief would be required to file under Chapter 13 status and pay up to $100 per month under court imposed conditions. It is expected the proposed changes would cause a sharp increase in filings before the new law could take effect.

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Chinese chef Peng Chang-kuei’s death announced

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Chinese chef Peng Chang-kuei’s death announced

Saturday, December 3, 2016

Peng Chang-kuei, a Chinese-born chef credited with creating the internationally popular dish General Tso’s chicken, was yesterday announced to have died by his son.

Chuck Peng told The Associated Press his father died of pneumonia in Taipei, Taiwan on Wednesday. The chef fled China to Taiwan in 1949 and invented the dish shortly thereafter. In the 1970s Peng opened a New York restaurant, which he claimed was a regular haunt of Henry Kissinger. Peng credited Kissinger with the dish’s popularity.

Peng conceived the famed dish, which is unknown in China, as unfried. Garlic and soy sauce provided flavour, as did chillies. Today the chicken is served across the US as fried chicken in a sweet, sticky sauce. The chillies remain, with broccoli also appearing. Peng named it after Zuo Zongtang from his native Hunan Province; Zongtang assisted in suppressing the 19th-century Taiping Rebellion.

Peng said the meal was invented for a US admiral visiting Taiwan. Over three days, Peng was contracted to produce several banquets, with not one repeated dish. After exhausting traditional chicken dishes Peng said he created what became General Tso’s chicken as an experiment.

In later years he ran Peng’s, a chain of Taiwanese restaurants. General Tso’s chicken also remained popular across the US. His son claimed he remained working in the kitchen until a few months before his death, at 97. In a documentary two years ago, shown photos of General Tso’s chicken served in the US in modern times, he remarked “This is all crazy nonsense.”

Running away from his farming family in Changsha, Peng trained under Cao Jingchen. He fled communist rule that followed the 1930s Japanese invasion. He fathered seven children, six of whom remain alive, from three marriages. Chuck Peng described his father as “very good to other people, [but] very hard on his family.” Peng Jr. spoke of a “very demanding” man who “thought other people’s cooking was no good.”

Two years ago the Taipei City Government awarded Peng an Outstanding Citizen award. Peng, then 95 and unstable, collected the award in person and delivered a speech in Mandarin Chinese.

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Lobby groups oppose plans for EU copyright extension

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Lobby groups oppose plans for EU copyright extension
August 23, 2019 - Posted by Gvmawv3B - 0 Comments

Tuesday, February 26, 2008

The European Commission currently has proposals on the table to extend performers’ copyright terms. Described by Professor Martin Kretschmer as the “Beatles Extension Act”, the proposed measure would extend copyright from 50 to 95 years after recording. A vast number of classical tracks are at stake; the copyright on recordings from the fifties and early sixties is nearing its expiration date, after which it would normally enter the public domain or become ‘public property’. E.U. Commissioner for the Internal Market and Services Charlie McCreevy is proposing this extension, and if the other relevant Directorate Generales (Information Society, Consumers, Culture, Trade, Competition, etc.) agree with the proposal, it will be sent to the European Parliament.

Wikinews contacted Erik Josefsson, European Affairs Coordinator for the Electronic Frontier Foundation (E.F.F.), who invited us to Brussels, the heart of E.U. policy making, to discuss this new proposal and its implications. Expecting an office interview, we arrived to discover that the event was a party and meetup conveniently coinciding with FOSDEM 2008 (the Free and Open source Software Developers’ European Meeting). The meetup was in a sprawling city centre apartment festooned with E.F.F. flags and looked to be a party that would go on into the early hours of the morning with copious food and drink on tap. As more people showed up for the event it turned out that it was a truly international crowd, with guests from all over Europe.

Eddan Katz, the new International Affairs Director of the E.F.F., had come over from the U.S. to connect to the European E.F.F. network, and he gladly took part in our interview. Eddan Katz explained that the Electronic Frontier Foundation is “A non-profit organisation working to protect civil liberties and freedoms online. The E.F.F. has fought for information privacy rights online, in relation to both the government and companies who, with insufficient transparency, collect, aggregate and make abuse of information about individuals.” Another major focus of their advocacy is intellectual property, said Eddan: “The E.F.F. represents what would be the public interest, those parts of society that don’t have a concentration of power, that the private interests do have in terms of lobbying.”

Becky Hogge, Executive Director of the U.K.’s Open Rights Group (O.R.G.), joined our discussion as well. “The goals of the Open Rights Group are very simple: we speak up whenever we see civil, consumer or human rights being affected by the poor implementation or the poor regulation of new technologies,” Becky summarised. “In that sense, people call us -I mean the E.F.F. has been around, in internet years, since the beginning of time- but the Open Rights Group is often called the British E.F.F.

Contents

  • 1 The interview
    • 1.1 Cliff Richard’s pension
    • 1.2 Perpetual patents?
    • 1.3 The fight moves from the U.K. to Europe
    • 1.4 Reclaiming democratic processes in the E.U.
  • 2 Related news
  • 3 Sources
  • 4 External links
Lobby groups oppose plans for EU copyright extension
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Tips For Choosing A Salon For Hair Color And Style In Rock Tx

August 23, 2019 - Posted by Gvmawv3B - 0 Comments

byadmin

If a customer is tired of the same hair color or they want to switch to a new colorist, it’s important to find the right salon for their needs. Everyone’s hair is different, and each person will have different criteria for their Hair Color Style Rock TX. This guide explains several things to look for when choosing a salon.

Pricing

Ask Around

If a friend or relative just got an amazing set of highlights or a new color, ask them who did their hair. It may sound simple, but word of mouth is a good way to find a great hair colorist or stylist. When the recommendation comes from someone close, it’s more likely to be honest.

Bring a Photo

When it’s time for Hair Color Style in Rock TX, pictures are worth more than a thousand words. In some cases, a color may not be feasible in one attempt. For example, going from black hair to platinum blonde will require multiple visits. Bring a picture of the desired hair color to the appointment, and the stylist will get an idea of what the client wants and whether it’s attainable.

Try it Out Today

After a new client has compared prices, asked for recommendations, and found a photo of their desired color, it’s time to make a decision. Choosing a hair salon is a leap of faith, and it’s impossible for a client to know whether they like a place until they try it. At Haute House Lash and Beauty Bar, the team is here to provide top-notch cuts, colors, makeup applications, and other services. Visit the website to learn more or call today to book an appointment with a local hairstylist.

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Flexible displays soon to be in production

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Flexible displays soon to be in production
August 18, 2019 - Posted by Gvmawv3B - 0 Comments

Thursday, March 17, 2005

Roll up displays for use in hand-held gadgets will be available for mass production by March 2007 according to co-developer Philips. Working with US based paper pioneer E-ink, Philips have developed a 13cm wide screen which is just 0.1 millimetres thick and can be rolled up so that it is only 15 millimetres in diameter.

The screen, which Philips hope to license to makers of in-car satellite navigation systems, mobile web browsers and smart phones, uses no back light and displays a monochrome image in four shades of grey as well as black and white. According to Philips the screen is able to give a “paper-like contrast”.

The screen consists of a backing layer of plastic film which contains a matrix of transistors. This is topped off with layer transparent “electronic ink” capsules and a layer of clear plastic. The capsules are approximately 50 micrometres in diameter and contain polarised black and white particles. Using the transistors, a pattern of positive and negative charge can be applied which manipulates the particles to form monochrome images.

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US unemployment rate reaches 9.8%

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US unemployment rate reaches 9.8%
August 18, 2019 - Posted by Gvmawv3B - 0 Comments

Friday, October 2, 2009

Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%.

The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country.

The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that unemployment could threaten an economic recovery. Top US officials have warned that any recovery would be slow and uneven, and some have predicted the unemployment rate will top 10% before the situation improves.

“Continued household deleveraging and rising unemployment may weigh more on consumption than forecast, and accelerating corporate and commercial property defaults could slow the improvement in financial conditions,” read a report by the International Monetary Fund’s World Economic Outlook, predicting that unemployment will average 10.1% by next year and not go back down to five percent until 2014.

Mark Zandi, chief economist at Moody’s Economy.com, said that “it’s a very fragile and tentative recovery. Policy makers need to do more.”

“The number came in weaker than expected. We saw a lot of artificial involvement by the government to prop up the markets, and now that that is starting to end, the private sector isn’t yet showing signs of life,” said Kevin Caron, a market strategist for Stifel, Nicolaus & Co.

Also on Thursday, the US Commerce Department said factory orders fell for the first time in five months, dropping eight-tenths of a percent in August. Orders for durable goods — items intended to last several years (including everything from appliances to airliners) — fell 2.6%, the largest drop since January of this year.

The US government has been spending billions of dollars — part of a $787 billion stimulus package — to help spark economic growth. There have been some signs the economy is improving.

The Commerce Department said on Thursday that spending on home construction jumped in August for its biggest increase in 16 years. A real estate trade group, the National Association of Realtors, said pending sales of previously owned homes rose more than 12 percent in August, compared to August 2008.

A separate Commerce Department report said that consumer spending, which accounts for more than two-thirds of US economic activity, rose at its fastest pace in nearly eight years, jumping 1.3 percent in August.

Other reports have provided cause for concern. A banking industry trade group said Thursday the number of US consumers making late payments, or failing to make payments, on loans and credit cards is on the rise. A survey by a business group, the Institute for Supply Management, Thursday showed US manufacturing grew in September, but at a slower pace than in August when manufacturing increased for the first time in a year and a half.

Stock markets reacted negatively to the reports. The Dow Jones Industrial Average fell 41 points in early trading, reaching a level of 9467. This follows a drop of 203 points on Thursday, its largest loss in a single day since July. The London FTSE index fell 55 points, or 1.1%, to reach 4993 points by 15.00 local time.

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Abu Musab al-Zarqawi killed in airstrike

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Abu Musab al-Zarqawi killed in airstrike
August 11, 2019 - Posted by Gvmawv3B - 0 Comments

Thursday, June 8, 2006

The head of al-Qaeda in Iraq, Abu Musab al-Zarqawi, has been killed in an air strike on a building north of Baqubah city, according to the Iraqi Prime Minister Nouri Maliki.

“Today [sic] Zarqawi has been terminated,” he said Thursday, and suggested the man the United States had placed a $25 million price tag on for death or capture was located through intelligence.

“What happened today is a result of co-operation for which we have been asking from our masses and the citizens of our country,” he said.

The leader of coalition forces in Iraq, General George Casey said al-Zarqawi was killed in a two-storey safehouse about 8 km north of the city in Diyala province.

Several aides also died with him in the Wednesday evening raid by U.S. F-16 warplanes, including his key lieutenant and spiritual adviser Sheik Abdul Rahman. Some analysts believe a US counter-terrorism unit, Task Force 145, was involved in the attack.

Al-Zarqawi’s body, recovered after two 500-pound bombs had blown through his cover, was identified through fingerprint, tattoo and scar analysis and head likeness. Al-Zarqawi, whose real name was Ahmed Fadhil Nazzal al-Khalayleh, was believed to be in his late 30s when he died of injuries while US forces gave medical aid.

The first munition exploded at 6:15pm was a GBU-12 laser-guided bomb that was shortly followed by the newer GBU-38; both carried 500lb of explosives for total cost of $40,000.

The self-proclaimed frontman for Osama Bin Laden’s activities in Iraq, al-Zarqawi, a Jordanian national, is said to have been involved in the beheading of foreigners, hundreds of suicide attacks, and an insurgency against coalition forces after the Iraq war in 2003.

It had been reported Al-Zarqawi’s most recent campaign was to create problems between Shi’ite and Sunni groups in Iraq with ethnic killings.

For the Iraqi government the killing of the wanted murderer is what they sought but it remains unknown what effect the removal of this known figurehead of the Iraq insurgency will have on levels of violence in the country. Al-Zarqawi was not the only person to oppose the US-backed Iraqi government.

“Zarqawi didn’t have a number two. I can’t think of any single person who would succeed Zarqawi…In terms of effectiveness, there was no single leader in Iraq who could match his ruthlessness and his determination,” was the view of Rohan Gumaratna at the Institute of Defense and Strategic Studies in Singapore.

Applause was heard as Mr Maliki, with U.S. Ambassador Zalmay Khalilzad and U.S. Gen. George Casey, by his side, told news reporters “al-Zarqawi was terminated.”

Sources claiming to be Al-Qaeda in Iraq later confirmed that al-Zarqawi had been killed and said that they would fight the United States and the interim Iraqi government despite his death.

United States President George Bush spoke to journalists in the White House Rose Garden about al-Zarqawi’s death. “Zarqawi’s death is a severe blow to al-Qaeda. It’s a victory in the global war on terror, and it is an opportunity for Iraq’s new government to turn the tide of this struggle,” he said.

The US military also confirmed that six people were killed in the strike, including al-Zarqawi, and his spiritual adviser Sheikh Abd-al-Rahman The death toll is reported at three men, three women.[1] Some reports had said al-Zarqawi’s wife and daughter died. However U.S. officials state that there is no evidence confirming the death of al-Zarqawi’s wife and daughter.

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Ontario Votes 2007: Interview with Liberal candidate Kate Holloway, Trinity-Spadina

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Ontario Votes 2007: Interview with Liberal candidate Kate Holloway, Trinity-Spadina
August 11, 2019 - Posted by Gvmawv3B - 0 Comments

Monday, October 1, 2007

Kate Holloway is running for the Ontario Liberal Party in the Ontario provincial election, in the Trinity-Spadina riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

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Surgeons reattach boy’s three severed limbs

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Surgeons reattach boy’s three severed limbs
August 11, 2019 - Posted by Gvmawv3B - 0 Comments

Tuesday, March 29, 2005A team of Australian surgeons yesterday reattached both hands and one foot to 10-year-old Perth boy, Terry Vo, after a brick wall which collapsed during a game of basketball fell on him, severing the limbs. The wall gave way while Terry performed a slam-dunk, during a game at a friend’s birthday party.

The boy was today awake and smiling, still in some pain but in good spirits and expected to make a full recovery, according to plastic surgeon, Mr Robert Love.

“What we have is parts that are very much alive so the reattached limbs are certainly pink, well perfused and are indeed moving,” Mr Love told reporters today.

“The fact that he is moving his fingers, and of course when he wakes up he will move both fingers and toes, is not a surprise,” Mr Love had said yesterday.

“The question is more the sensory return that he will get in the hand itself and the fine movements he will have in the fingers and the toes, and that will come with time, hopefully. We will assess that over the next 18 months to two years.

“I’m sure that he’ll enjoy a game of basketball in the future.”

The weight and force of the collapse, and the sharp brick edges, resulted in the three limbs being cut through about 7cm above the wrists and ankle.

Terry’s father Tan said of his only child, the injuries were terrible, “I was scared to look at him, a horrible thing.”

The hands and foot were placed in an ice-filled Esky and rushed to hospital with the boy, where three teams of medical experts were assembled, and he was given a blood transfusion after experiencing massive blood loss. Eight hours of complex micro-surgery on Saturday night were followed by a further two hours of skin grafts yesterday.

“What he will lose because it was such a large zone of traumatised skin and muscle and so on, he will lose some of the skin so he’ll certainly require lots of further surgery regardless of whether the skin survives,” said Mr Love said today.

The boy was kept unconscious under anaesthetic between the two procedures. In an interview yesterday, Mr Love explained why:

“He could have actually been woken up the next day. Because we were intending to take him back to theatre for a second look, to look at the traumatised skin flaps, to close more of his wounds and to do split skin grafting, it was felt the best thing to do would be to keep him stable and to keep him anaesthetised.”

Professor Wayne Morrison, director of the respected Bernard O’Brien Institute of Microsurgery and head of plastic and hand surgery at Melbourne’s St Vincent’s Hospital, said he believed the operation to be a world first.

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Owner and manager of Moroccan factory arrested over 55-fatality fire

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Owner and manager of Moroccan factory arrested over 55-fatality fire
August 11, 2019 - Posted by Gvmawv3B - 0 Comments

Sunday, April 27, 2008

Police have arrested the owner of a mattress factory in Hay Hassini, Casablanca, Morocco which burned down in a disaster that claimed 55 lives. His son, who was the factory’s manager, was also arrested.

Those killed — 35 of whom were women — were trapped inside by locked fire exits, which were barricaded to stop theft during working hours. “The people who died were either asphyxiated or burned,” commented a firefighter. 17 were wounded. Moustapha Taouil of the Casablanca civil protection service said the blaze was triggered by an inadequatly maintained electric saw on the ground floor. The initial fire quickly engulfed all four storeys of the building.

The Rosamor factory was clearly operating unsafely, officials said. “It’s a building with a ground floor and three upper floors specialising in making furniture, therefore there were highly inflammable products,” said Taouil. “We confirmed during our examination that the owners of the premises failed to respect legal requirements for this kind of industry including staff training… the owner in contravention of the law, locked staff inside the plant apparently to prevent theft of raw material. It was this that prevented them getting out. The fire was caused by lack of proper maintenance of certain machines and electrical installations.” He said a short circuit on the ground floor, which was filled with power saws, triggered the disaster.

As a result of the investigatons, “The plant’s owner, Adil Moufarreh, and his son Abdelali Moufarreh, who was the manager, have been taken into custody after having been questioned by police,” said an official.

28-year-old factory employee Fadila Khadija said “There was no emergency exit, the extinguishers were empty and the working conditions were difficult.” One source said that windows were also unusable as they were covered with iron bars. 20-year-old survivor Omar Elaaz said “I was working on the first floor as an upholsterer. The smoke came up from the ground floor where the foam rubber, wood and glue are stored. I used a gas bottle to break the wire mesh that protects every window.” 31-year-old upholsterer Hakim Hakki told of his own lucky escape and its effect on him from hospital: “I jumped from the third floor with four other colleagues while the women, who didn’t dare to follow us, perished in the inferno. God saved me but I’ll never forget those who died.”

The father of deceased 19-year-old Abdelazziz Darif said his son was paid 250 dirhams (20 euro/31 US dollars) per week and did not have social insurance.

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