Author: Admin

Wednesday, March 3, 2010

General Motors (GM) announced on Tuesday a recall of 1.3 million Chevrolet and Pontiac cars in the US, Mexico, and Canada over problems with the power steering system.

The models, the 2005–2010 Chevrolet Cobalt and 2007–2010 Pontiac G5 in the US, the 2005–2006 Pontiac Pursuit in Canada and the 2005–2006 Pontiac G4 in Mexico, were affected by a fault that causes the power steering in the vehicles to fail. The company says that cars can still be safely controlled even after the loss of power steering, although more effort to turn the car would be required.

GM is currently working on developing a fix for the problem, after having conducted an internal investigation for more than a year, beginning last January. In addition to GM’s investigation, the National Highway Traffic Safety Administration also conducted an investigation on the Cobalt, which began in January 2010. The investigation was begun after more than a thousand complaints about the model were received by the agency, including reports of 14 crashes caused by the fault. GM contacted the NHTSA about the problem on Monday.

GM blamed the issues on an external supplier partially owned by Toyota, another company currently in the process of a major recall of more than eight million vehicles. According to GM vice-chairman Bob Lutz, the supplier, which was not named, had not met “all requirements for reliability and durability.” In his comments, given at the Geneva Motor Show, Lutz also said that financial responsibility for the recalls had yet to be determined.

• A Chevrolet Cobalt

• A Pontiac G5

Monday, May 23, 2011

A tornado touched down yesterday in Joplin, Missouri, causing widespread damage. At least 89 were killed.

The path of the tornado was reported to be from one half to three quarters of a mile wide. City spokeswoman Lynn Onstot estimated the path to be nearly four miles long; Jasper County emergency management director Keith Stammer put its length around six miles.

Witnesses described entire blocks of buildings destroyed. Steve Runnels of the National Weather Service said “We have reports of significant structural damage to strong buildings. Automobiles have been flipped, bark was stripped off trees.”

Among the properties damaged was a local hospital, St. John’s Regional Medical Center. Some patients were hurt, and all were evacuated to other regional hospitals. The local high school, Joplin High School, was also hit. Describing the damage, its principal, Kerry Sachetta, said “You see pictures of World War II, the devastation and all that with the bombing. That’s really what it looked like. I couldn’t even make out the side of the building.”

Joplin has a population of about 50,000.

President Barack Obama has ordered the Federal Emergency Management Agency (FEMA) to support state and local efforts in response and recovery. He issued a statement with condolences to the families of victims.

Thursday, October 4, 2007

Glenn Crowe is running for the NDP in the Ontario provincial election, in the Bramalea-Gore-Malton riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Crowe did not reply to various questions asked.

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.

Friday, May 12, 2006

Peter Costello’s budget announcement has led to rejoicing for small businesses, but the lack of joy for those pushing for radical corporate taxation reform has led to many businesses asking “what about us?”

Personal taxation and small business have been the big winners after this year’s federal budget. Although dampened by the twin economic threats of rising interest rates and petrol prices, there should be a reasonable amount of real income savings for both low and high income earners, with those receiving Medicare, or a superannuation benefit, privy to an even lower level of taxation (0% for those on super benefits).

Small business also has benefited from the Howard government’s 11th annual budget, with them receiving a higher level of reducing depreciation, leading to a higher level of deductions in the years following the uptake of new technology or other capital. They are also privy to a AU$435 million dollar tax cut to compensate for their changing accounting requirements under the government’s new AIFRS reporting standards, as well as increasing the uptake of both the small business tax relief scheme and CGT (Capital Gains tax) Concessions.

The budget was not a complete loss for big business however, as superannuation laws have been tweaked to streamline contribution and payment rules previously impeding those with multitudes of staff.

But this is not enough, says Big 4 accounting firm Ernst & Young. In their newly published paper “Taxation of Investment in Australia: the need for ongoing reform”. In it they lead the charge for a greater streamlining and organization of the corporate tax system in Australia, submitting that it will lead to reductions in “disincentives to work save and invest in Australia [as well as improving] the international competitiveness of Australian businesses.” This follows from a recent report brought out by Mr. Costello himself about the need for tax reform in Australia.

A budget night Mr. Costello was notably coy about any future reform of corporate tax in Australia. He alluded to the report by his ministers but kept from outlining the government’s plan precisely.

Sunday, January 2, 2005

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