Thursday, June 4, 2009

In a New York press conference at 16:15 UTC, June 1st, Fritz Henderson, the Chief Executive Officer of General Motors, which filed for bankruptcy and Chapter 11 protection from its creditors earlier today, outlined a plan for what he called a “New GM”.

Speaking to the press under safe harbor provisions of U.S. law, Henderson described the events of today as a “defining moment” in the history of General Motors. Speaking to the public he said that “The GM that let you down is history,” and described a “New GM” that he expected to result from the bankruptcy process.

Henderson stated that he envisioned the bankruptcy process would take between 60 and 90 days. He stressed several times his view that the process would be one that is executed quickly, saying that not just a sense of urgency but “pure unadulterated speed” was his expectation of the process. He emphasized that “GM remains open for business” during the bankruptcy period, continuing to sell and to support its products, and that day one motions had been filed in the bankruptcy court in order to allow this.

Regarding the bankruptcy process he said, “We will do it right. And we will do it once.”

He stated that the plan for General Motors had the support of the United Auto Workers union, the Canadian Auto Workers union, the GM VEBA, and a majority of the unsecured bondholders of GM. He also mentioned that GM had already received €1.5 million in bridge financing from the German government.

In response to questions about the possibility of the United States federal government, a majority shareholder in the restructured company, dictating future product development and strategy, such as the sale of more fuel-efficient and green vehicles; he first observed that the federal government had already stated to him that it had “no real interest in running our business” and that he expected that still to be his job. Of the specific hypothetical scenario where the management of GM wants to make one type of car, because it thinks that it is the right thing for the business, and the U.S. government wants to make another type of car, he stated that “I don’t think it’s going to happen.” Expanding on that point he stated that he expected the “New GM” to focus upon “highly fuel-efficient and green technology”, and that operating both in accordance with U.S. environmental laws and in response to customer demand would naturally result in the New GM producing the types of vehicles that the U.S. government would encourage.

The “New GM” he also expected to focus on “four core brands”, and will size its dealership to match that. He stated that GM would offer a “deferred termination” package to dealers, to allow them to cease dealing in GM vehicles in a managed and gradual way.

He stated that the bankruptcy filings did not cover General Motors’ businesses in Latin America, Europe and the Middle East, and Asia and the Pacific. Of GM’s profitable ventures in China, specifically, he stated that they were “a critical part of the New GM”. In response to questions of whether the New GM would import cars from China to the U.S., he stated the formative company’s core principle that “We build where we sell” applied in both directions, with GM building in China to sell in China and building in the U.S. to sell in the U.S., stating that this shortened supply chains.

He declined to predict when the New GM would return to profitability, stating that the goal was rather to lower the break-even EBIT point for the company. He also declined to speculate upon when the U.S. government would sell its stake in the company, saying that that was a question “better addressed to the U.S. Treasury”, and merely saying that he expected it to be “years, not months” when the U.S. Treasury felt it would give “the right return for taxpayers.”

Monday, May 21, 2012

The placement for first and second place at the 2012 Preakness Stakes could have been a replay of the Kentucky Derby earlier this month as I’ll Have Another came in first with Bodemeister behind in second. In this race, Creative Cause finished third.

By winning the Kentucky Derby and the 137th Preakness Stakes, I’ll Have Another has a chance at winning the US Triple Crown of thoroughbred horse racing. The final race I’ll Have Another would have to win is the Belmont Stakes, which will be held on June 9.

I’ll Have Another was not favored to win the Preakness Stakes and his odds were set at 3-1. Bodemeister, who was the favorite at 2-1 odds, was the speed horse again as he led the field for most of the race just as he did at the Kentucky Derby. This time, Creative Cause was following close behind in second by the time the field of horses reached the far turn. Just as in the Kentucky Derby, I’ll Have Another pushed faster in the final leg of the race. However, the Preakness Stakes finish was closer with I’ll Have Another squeezing by the pacesetter at the very end to win the race in 1:56.9.

Mexican jockey Mario Gutierrez has won his last four races with I’ll Have Another. He gave I’ll Have Another the credit for the finish, “No one put him in this race. He put himself into the race,” he said. Gutierrez said all he had to do was signal to the horse that it was time to challenge Bodemeister and the horse did the rest.

The winning horse is owned by financier J. Paul Reddam and trained by Doug O’Neill.

The Pimlico Race Course in Baltimore, Maryland was filled with a crowd of 121,309 to watch the Triple Crown hopeful. The last horse to win the Triple Crown was Affirmed in 1978.

THE HORSES

According to the official Pimlico website, the horses that competed this year in the Preakness Stakes by starting position include:

1. Tiger Walk is owned by Sagamore Farm, trained by Ignacio Correas IV, and was ridden by Ramon A. Dominguez.

2. Teeth of the Dog is owned by J.W. Singer. The thoroughbred is trained by Michael Matz and the jockey was Joe Bravo.

3. Pretension was the winner of the 2012 Canonero II Stakes. The horse is owned by Kidwells Petite Stable, trained by Christopher W. Grove, and was raced by Javier Santiago.

4. Zetterholm is owned by Winter Park Partners, trained by Richard E. Dutrow, Jr., and ridden by Junior Alvarado.

5. Went The Day Well is owned by Team Valor International and is trained by H. Graham Motion. His jockey was John Velazquez. This team won last year’s Kentucky Derby race with Animal Kingdom, and they took Went The Day Well to the 2012 Kentucky Derby.

6. Creative Cause is owned by Heinz Steinmann and trained by Mike Harrington. His jockey was be Joel Rosario. Creative Cause was part of the field at the Kentucky Derby, too.

7. Bodemeister, winner of the Arkansas Derby at Oaklawn Park, is trained by Bob Baffert. He is owned by Zayat Stables and his jockey was Mike Smith.

8. Daddy Nose Best was the winner of the Sunland Derby at Sunland Park and the El Camino Real Derby at Golden Gate and raced in the 2012 Kentucky Derby. He is owned by Cathy and Bob Zollars, trained by Steve Asmussen. His jockey was Julien Leparoux.

9. I’ll Have Another was the winner of the Kentucky Derby at Churchill Downs. He is owned by financier J. Paul Reddam, trained by Doug O’Neill and ridden by jockey Mario Gutierrez.

10. Optimizer is trained by D. Wayne Lukas, owned by tobacconist Brad Kelley of Bluegrass Hall LLC and ridden by Corey Nakatani. This horse raced also raced in the Kentucky Derby.

11. Cozzetti is trained by Dale Romans and was raced by Jose Lezcano The horse is owned by Albaugh Family Stables.

Thursday, June 26, 2008

The Hong Kong based Asian Human Rights Commission or AHRC appealed to the Philippines government to seriously pursue judicial options against victims of torture in the country.

The AHRC press statement was issued as part of the commemoration of the United Nations‘ International Day in Support of Victims of Torture calendared every June 26.

AHRC is a regional non-governmental organization monitoring and lobbying human rights issues in Asia. The Hong Kong-based group was founded in 1984

The statement claimed that the Philippines Constitution specifically prohibits torture but there was no specific law against it, The group also lamented that, “there no judicial remedy for a violation of this right, torture has also not been declared a crime in the Philippines.”

An appeal was also conveyed to the Supreme Court to plan and implement remedies for torture victims and appealed to the country’s law makers to enact a law specifically banning and criminilizing any acts of torture.

AHRC compared the Philippines to Sri Lanka, wherein both countries are signatories to the Convention against Torture Act of 1994 of the United Nations.

The group cited that, “Sri Lanka has already complied with its obligation under the convention, the Philippines, which has signed and ratified the same U.N. convention against torture, has not done so despite being a party to the convention since June 1987.“

[edit]

Friday, October 12, 2007

I had an unofficial phone call from Gay Talese last Tuesday. He had just flown back from Colombia and he was cranky. “I’m happy to do an interview with you,” he said, “but what the hell could you ask me that’s not already out there? Have you even bothered to look?!”

“Jeez, Mr. Talese, lots of things,” was my response. I lied. The truth is that when I call people to interview them, I do not have a set of preconceived questions. My agenda is to talk to them and gain a sense of who they are; to flesh them out as humans. To find out what they think about the world around them at that moment. With Gay Talese I had little interest in talking about Frank Sinatra Has a Cold and with Augusten Burroughs I had little interest in discussing Running with Scissors. I want to know what they think about things outside of the boxes people have placed them in.

With a memoirist like Burroughs, even this is a challenge. What parts of his life he has not written about himself, other interviewers have strip-mined. When we met for dinner at Lavagna in the East Village, I explained to Augusten this issue. I suggested we make the interview more of a conversation to see if that would be more interesting. “Instead of you in the catbird seat,” I said, “let’s just talk.”

We struck an instant rapport. What set out to be an hour and half interview over dinner had turned into four hours of discussion about our lives similarly lived. I removed half of the interview: the half that focused on me.

Below is Wikinews reporter David Shankbone’s conversation with writer Augusten Burroughs.

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

Saturday, May 14, 2005

Myrtle Beach, South Carolina —This weekend is the kick-off for two motorcycle rallies held annually in the U.S. eastern seacoast town of Myrtle Beach. Enthusiasts this year are expected to meet or exceed the 170,000 bikers that arrived last year in droves to the small resort town of 23,000. Festivities span two weeks, and extend again this year into the Memorial Day.

Leading off is the week-long Harley rally, followed by the next week’s BikeFest. In and around town, both day and night are punctured by the sounds of bike engines gunned and revved at stop lights and in parking lots. Groups of cycle riders dominate the streets.

“By Friday night, the front parking lot will be a full line of motorcycles to the corner.” said motel owner Ranjan Patel. The Super 8 motel takes up half a block at its location in the heart of the downtown motel strip. “Both sides [of Ocean Blvd] are nothing but bikes.” Both she and her co-owner husband agree, the influx of bikers dwarf in size the numbers of tourists who visit during regular summer months for ocean-side and family amusement park attractions.

The highly accesorised bikes, decked with chrome and polished to show it, flashed the townscape. Choppers made a showing, but road hogs dominated the ridership, often going twosome. Many rally goers arrived on the scene with SUV’s or big pickup trucks towing cargo trailers loaded with cycles.

Growth in the sheer size of the two rallies led police to make changes in the handling of traffic flow. During BikeFest last year, the mostly black crowd that came in on the heels of the largely white Harley rally the week earlier, were faced with confusion when the two-lane Ocean Blvd was made one-way.

A branch of the NAACP in Conway, the next town over from Myrtle Beach, alleged discrimination by Horry County and Myrtle Beach Police. They claimed authorities and police used an overwhelming and aggressive police presence, combined with a restrictive one-way traffic pattern, to intimidate and discourage the participants in the rally.

An injunction was issued earlier this week by U.S. District Judge Terry Wooten, who ruled that bikers at both rallies be treated the same. Myrtle Beach city lawyers immediately filed an appeal to the ruling at the Fourth U.S. Circuit Court of Appeals, saying “the trial court erroneously determined that the plaintiffs would likely succeed on the merits; that is, that the city of Myrtle Beach intentionally treats Memorial Day weekend tourists differently from others similarly situated because of their race.”

A plan to submit an opposition to the notice has already been announced by Michael Navarre, an attorney for Steptoe & Johnson, who represents the NAACP civil rights group. “We certainly don’t think the judge has ruled erroneously,” Navarre said, according to The Sun News.

Traffic control and safety measures were in full swing Friday morning on US-17. Both directions of the 4-lane divided highway south of Myrtle Beach had traffic cones and parking barriers set up to control traffic. Large flashing road signs on each side of the highway warned cars to use the passing lane. The warning sign flashed a message that the right lane was for motorcycle use only. Police monitored the pull-offs near a Harley dealer’s lot where popular attractions were set-up in the immediate vicinity.

Thursday, August 5, 2010

A criminal investigation has begun in Edinburgh after three children were killed in a fire at a three storey house just before 3pm yesterday.

Firefighters were called to the house on Slateford Road in Scotland’s capital city, for a reported gas explosion, and they put out a small fire in an upstairs room. However, there was no evidence of an explosion and none of the surrounding houses were damaged. Three young children, two boys and a girl, were found to have died at the scene. Police are treating the deaths as suspicious.

A woman, believed to be the children’s mother, was found injured on the ground in front of the house and there are reports that witnesses saw her jump from a third floor balcony. She was taken for treatment at the Edinburgh Royal Infirmary.

In a statement the Lothian and Borders Police said: “The investigation into the cause of this tragedy is in its early stages.” However, the police have also said that there was no fault with the gas supply.

Post-mortem examinations are due to be carried out on the children’s bodies. Police said no identities would be released until these were completed.

A police spokesperson said: “A criminal investigation is currently under way and nothing more can be said at this time into the circumstances which led to their deaths.”

The mother of the three children, now named as eight year olds Gianluca and Augustino and five year old Cecilia Riggi, is to be questioned by police after details emerged that suggest it is unlikely the children died in the fire.

Neighbours have reported that they heard screaming from inside the house and one source said that when they found the victims lying dead in the living room it was “a horrific scene.” However reports that the children died before the fire broke out have not been confirmed by official sources and only reports by neighbours and others at the scene have indicated this.

Police refused to confirm reports that the children had died before the fire broke out, and say that the results of the post-mortems would help them decide whether to launch a murder inquiry into the incident.

According to Detective Superintendent Allan Jones the mother, Theresa Riggi, and her three children had been living in Edinburgh for little over a month since they were reported missing from their home in Skene, Aberdeenshire last month. Mrs Riggi is currently in a stable condition in hospital and Det Supt Jones said they are hoping to speak to her on Thursday. He said: “She’s not in a position to speak to us at the moment.”

The children were reportedly at the centre of a custody battle between Mrs Riggi and the children’s father, Pasquale Riggi. He has been informed and is helping police to determine the last movements of the family. He is not a suspect in the investigation. Det Supt Jones reported: “He’s heartbroken but he’s very composed. He realizes he holds a lot of central information that we need. We’re conscious of the trauma he’s gone through.”

Theresa Riggi and her husband were going through divorce proceedings and she was due to appear at the Court of Session in Edinburgh on Tuesday. She apparently did not attend the hearing. At that time the judge was told that her whereabouts were once again unknown.

The Judge, Lady Clark, granted a search warrant for Mrs Riggi and said that social workers should supervise the children, applying for child protection orders if necessary, after Mr Riggi’s counsel asked for an order to safeguard the children’s interests.

The children were allegedly educated at home so the Social Work Department had had no contact with the family since they moved to Scotland from the US.

It is believed that Mrs Riggi may have turned on the gas, and that a neighbour smelled the fumes and called the emergency services, which may have led to the original report of a gas explosion.

Tributes of flowers have been left close to the scene with cards of sympathy and condolences.

Lothian and Borders Police have released a statement confirming that the post mortems of Gianluca, Augustino and Cecilia have been concluded. Following this statement a warrant was issued and Theresa Riggi was charged with murder.

A spokesman for Lothian and Borders Police said: “A 46-year-old woman has been arrested and charged with murder in connection with the petition warrant which was granted earlier today,”

“Due to the medical condition of the accused, it is not at this time known when she will appear in court.”

In an earlier statement Mr. Riggi released a statement saying: “Our family is struggling to come to terms with the immense and tragic loss of three beautiful children.

‘Thanks to all who have offered such great comfort and support.

‘We request that the media respect our privacy at this difficult time.”