Japan to use renewable energy

Tuesday, August 16, 2011

A new law which seeks to utilise reusable energy and minimise cost impact on consumers is under development in Japan. The new law, which would be effective from July 1 next year, would seek to reduce Japan’s dependency on nuclear power.

The new legislation would urge power utilities to cut costs by purchasing renewable energy from outside companies and private businesses. Japan’s decision has been referred to as opening the door on renewable energy, which currently only contributes to six percent of Japan’s energy sources.

Politicians have amended the bill, allowing the revised bill to pass through parliament later this month. Prime Minister Naoto Kan who is pushing for the bill to be passed in return for his resignation, has stated that the ‘feed-in-tariff on renewable energy will be set at a fixed price so that utilities are limited to purchasing electricity from renewable power generators. Kan hopes that this will encourage more business and private corporate partners to enter into the renewable energy market.

“As a medium-term revolutionary energy and environmental strategy, we have decided to start a thorough review of nuclear power policy and draw a roadmap for a reduction of the dependence on nuclear power” Mr Kan said.

Large companies are concerned about the new legislation as it will continue to affect profit margins which are low due to power shortages and high priced exports. The bill was changed to reduce the surcharge for large power companies after complaints from the Japanese steel industry. If the scheme is launched then consumers will face an increase on electricity bills as utilities can pass their costs onto end-users. Despite the governments promise to cap the surcharge for the next ten years, there is no reference to it in the revised bill.

Lawmakers hope that by adding a provision requiring utilities to streamline their operations, the impact on consumers will be minimized.

A third party group will be set up within the under the Agency for National Resources and Energy to ensure that the setting of fixed prices are fair and just.

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International Hot Money Is Still Influx Emerging Economies}

Submitted by: Lanbo Jiang

In the period after the financial crisis, international capital flows shows the characteristics of some new changes, the net direct investment, international capital flows accounted for the proportion gradually decreased from 80% to 50% of the developed countries the risk in the global asset allocation, long-term and short-term international capital flows to emerging again from the developed economies.

Currently, the United States and Europe and Japan cut interest rates sharply after the major developed countries, interest rates remain low, while the emerging economies, interest rates are higher than developed countries. Thus, continuing the recent influx of arbitrage funds in emerging economies, in this context, the 2009 Asia 35 billion U.S. dollars of net capital inflow in 2010, the net inflow of Asian capital will be higher than in 2009; a number of emerging economies to become the object of international hot money race , including the stock and property markets, including the asset bubble was rapidly enlarged. In 2009, in the “BRIC” markets in Bombay Sensex index rose 81%, Sao Paulo, Brazil IBOVESPA index rose 82.7%, the Russian RTS index was up 128.8 percent, while Indonesia, the Philippines, Thailand, Vietnam, Argentina and other emerging markets rose are more than 60%, while the U.S. Dow Jones stock index rose only 18.8%.

With the economic recovery, economic stimulus plan implementation and the influx of outside capital, emerging economies are also rising property prices. Brazil since 2009 house prices began to sharply risen in the capital, Brasilia, Average price was 6,600 U.S. dollars / square meter; Moscow now Average price was 5,320 U.S. dollars / m, New Delhi for the 1400 U.S. dollars / square meter.

In addition, Vietnam and India, two Asian emerging economies also face inflationary pressure. Vietnam’s economic growth rate in 2010 will reach 8.2%, CPI will reach 10.8%, showing the gradual rising trend. India’s wholesale price index for food has nearly the highest in 11 years.

To promote the continued influx of international hot money in emerging economies are the following factors:

First, the easy monetary policy to provide a financing platform for international hot money. As the major Western central banks interest rates close to zero, and cross-border pursuit of profit of capital into the stock market, real estate market, there is the expected appreciation of assets in emerging economies, capital markets, as excess liquidity into the ground.

Second, the emerging economies of industrialization and urbanization led to asset price inflation, international hot money intermediate arbitrage.

Third, the lack of flexibility in emerging economies, exchange rate regime, in response to weak performance of international hot money shocks. Most emerging economies to implement exchange controls, its foreign exchange market does not have a floating exchange rate system, the automatic adjustment mechanism, and therefore can not automatically rise with the exchange rate impact response of international hot money.

Through international capital markets and commodity markets and other channels of international hot money on the implementation of arbitrage activities in emerging economies, emerging economies inevitably generated a lot of adverse effects. It features: First, the inflow of foreign capital will enable the local currency in the short term to face greater pressure to appreciate. In a floating exchange rate countries, the rapid appreciation of the currency would be a great impact on the national economy, in countries with fixed exchange rates, monetary authorities tend to enter the foreign exchange market intervention rate, which also requires a fairly high cost. Second, the hot money out of state would seriously interfere with the implementation of macroeconomic policy, monetary policy, restricting the independence of the central bank to increase the monetary policy more difficult.

In addition, the process of rapid economic growth, many emerging economies, enterprises in New York, London and Hong Kong Stock Exchange. With the intensification of international capital flows, emerging economies to expand the scale of overseas listed companies and international capital markets and interactive effects of increased interest rates in emerging economies, asset price inflation and other factors, enterprises listed overseas will affect stock prices so that the underlying assets held by international investors from arbitrage. In early 2009, before the international hot money on the world economic recovery, re-enter the commodity markets, international hot money through participation in commodity futures markets to benefit. Hot money into the international commodity market, it is easy to push up commodity prices, caused by asset price bubbles, so that emerging economies face imported inflation pressures. Meanwhile, the hot money to enter the capital market and real estate market, so that the asset bubble in the high and further upstream, resulting in structural distortions in investment and consumption. Carry out the international hot money flows reversed, it will damage the economy.

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Finland offers helicopters, personnel to assist Greece with forest fires

Monday, August 27, 2007

The government of Finland has announced it will offer to send three specialist firefighting helicopters, 25 firefighters and 2-3 forest fire experts to Greece via the European Union to assist with the forest fire emergency Greece is currently experiencing.

Greece is currently in urgent need of fixed-wing aircraft with water-bombing capabilities, assets which Finland does not posses. If the Greek authorities deem Finland’s offers to be suitable, they will be dispatched with immediate effect, within six hours of Greece requesting the rotorcraft and personnel.

It is thought that the men would most likely be put to use protecting built-up areas in an attempt to prevent the death toll, already over 60, from rising any higher.

The helicopters have been sourced via a private company. Finland said that the country could not commit to send the aircraft any sooner without arrangements being made to cover their removal from service, as otherwise safety in Finland would be severely jeopardised, with emergency aircraft unavailable should Finland experience any fires of its own.

The helicopters Finland have available can each carry up to 800 litres of water or foam retardant, whereas large firefighting planes can carry tens of thousands of litres.

Finland had previously thought they would be unable to spare any help for Greece, and it was only after much sourcing of aircraft from the private sector that Finland was able to make the offer. Finland are also looking into whether they may be of assistance in reforestation efforts after the fires have been extinguished.

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Venezuela opens granite processing facility in Bolívar

Monday, February 18, 2013

Venezuela’s government has opened a granite processing plant in the state of Bolívar, with the intention of providing about 25% of the granite required nationwide.

Ricardo Menéndez, vice president of the Productive Economic Area, said Venezuelan President Hugo Chávez has yearned for the creation of this project to empower Venezuelan construction. Granito Bolívar is reportedly the most modern Venezuelan granite plant, not consuming community water or electricity, and is also the largest, with a daily capacity to supply enough material for use in construction of about 820 houses.

Menéndez said, “These granite blocks are the natural resources of our country, are the wealth we have as a country and often [some] simply decided to remove this richness from our country and take them to other countries” ((es))Spanish language: ?Esos bloques de granito son la riquezas naturales de nuestro país, son las riquezas que tenemos como patria y que muchas veces sencillamente esas riquezas decidieron sacarlas de nuestro territorio nacional y llevarlas a otros países.

According to Menéndez, with the help of a state plan, Venezuela intends to exploit its 40,000 million cubic meters or more of granite reserves, generating a set of factories. “[T]he central theme is that these plants, all these factories, are for the construction of socialism; that means using our potential, develop the value chain within the country and of course that yields benefits from the point of view of the production system’s organization…. [Granito] Bolívar is not only the vision that historically we had of exposing richness, but the industries, basic industries we have, that level of our workers in the basic industries and in addition the development of the potential we have in the state” ((es))Spanish language: ?el tema central es que estas plantas todas estas fábricas son para la construcción del socialismo, eso significa utilizar nuestras potencialidades, dessarrollar la cadena de valor dentro del país y por supuesto que eso genere beneficios desde el punto de vista de la organización del sistema productivo … Bolívar no solamente es la visión que históricamente se tuvo de exponer las riquezas, sino que son las empresas, las empresas básicas que tenemos, ese nivel de nuestros trabajadores de la empresas básicas y adicionalmente el desarrollo del potencial que tenemos en el estado.

For the construction of the plant, supplied by 23 quarries, the government of Bolívar provided about 30 million bolívares (US$4.7 million) and the national government €2.3 million (US$3 million). Bolívar reportedly has reserves of about 40,000 million tons of red, black, pink and white granite, sufficient for domestic demand for 200 years.

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Edmund White on writing, incest, life and Larry Kramer

Thursday, November 8, 2007

What you are about to read is an American life as lived by renowned author Edmund White. His life has been a crossroads, the fulcrum of high-brow Classicism and low-brow Brett Easton Ellisism. It is not for the faint. He has been the toast of the literary elite in New York, London and Paris, befriending artistic luminaries such as Salman Rushdie and Sir Ian McKellen while writing about a family where he was jealous his sister was having sex with his father as he fought off his mother’s amorous pursuit.

The fact is, Edmund White exists. His life exists. To the casual reader, they may find it disquieting that someone like his father existed in 1950’s America and that White’s work is the progeny of his intimate effort to understand his own experience.

Wikinews reporter David Shankbone understood that an interview with Edmund White, who is professor of creative writing at Princeton University, who wrote the seminal biography of Jean Genet, and who no longer can keep track of how many sex partners he has encountered, meant nothing would be off limits. Nothing was. Late in the interview they were joined by his partner Michael Caroll, who discussed White’s enduring feud with influential writer and activist Larry Kramer.

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Uncontested Divorce And Child Custody

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An uncontested divorce is a divorce in which both sides might accept to the terms of the divorce. By having an uncontested divorce, both parties settle the terms of the divorce without court process. One lawyer represents one of the parties and works on the divorce documents. Generally speaking, the lawyer will meet with the party they are representing and start the divorce proceedings. The parties negotiate the terms until both parties are contented. There are lots of things that needs to be agree upon to be able to arrive at a mutually approved settlement so that you will have to be able to file uncontested divorce forms. Though property division could be high on your mind, child custody and also the future of your kids is one factor you should devote a lot of time to. If you do not treat it in a practical way it could become a hindrance into your plan to file uncontested divorce forms. The first thing to consider is that you’ve agreed to be on a similar platform as your partner and have to walk that extra mile for a mutual settlement to help you file uncontested divorce forms. It has been observed that a lot of parents make child custody a pride concern and turn down to listen to good advice.

An uncontested divorce is considerably cheaper compared to going to court. If you possibly can settle the terms of the divorce agreement prior to contacting legal counsel to begin the divorce proceedings, the cost is minimal. It saves time for everyone involved. When dealing with a divorce, lowering costs is a great benefit. An uncontested divorce may also help maintain a level of calmness between the parties. If the parties to the divorce have an amiable relationship, i suggest you try to save that mutual respect, particularly if there are children involved. One more benefit is the privateness that an uncontested divorce provides contrary to court procedures. The divorce will be a matter of public record, however the awareness of the negotiations and the actions taken is often times confidential and restricted by what the parties disclose in the documents.

[youtube]http://www.youtube.com/watch?v=AMVpm1cpZsA[/youtube]

One thing that you need to realize is that if you do not file uncontested divorce forms and choose to contest on the issue of child custody the judge will make the decision. And that may not necessarily be in your favor. The judge has particular pre-set standards based on what s/he decides and passes an order in regards to child custody. These criteria include age of the child, emotional ties among child and parents and grandparents which can be provide for the child. Usually financial ability of a parent to provide for the child may possibly take priority over emotional attachment.

Do your research well and then try to determine what particularly do sole and joint, physical and legal custody,and visitation rights means. Somewhere unknown in the meanings you’ll surely get the arrangement that you want. And more importantly, do not ever make child custody a pride issue but arrive at an settlement which is efficient as well as assures the future of your children. Once that is done, use uncontested divorce forms for a fast divorce to get on with your life.

Article Source: sooperarticles.com/law-articles/uncontested-divorce-child-custody-62159.html

About Author:

Heidi Culbertson is the Director of Client Development at Harris Family Law. Harris Family Law specializes in Denver divorce, Colorado family law and Colorado child custody laws.Author: Heidi Culbertson

Many nations offer material aid to hurricane victims; Bush refuses to accept

Saturday, September 3, 2005

Over twenty five nations have offered aid in the wake of Hurricane Katrina. In particular, France has offered the use of its resources in the Caribbean sea, including 2 navy ships, 1 navy hospital, 8 planes, 600 tents, 1000 beds, and rescuers. President George W. Bush has refused such material aid to the hurricane’s victims, although cash donations will be accepted. He explained his reasons to ABC News:

I’m not expecting much from foreign nations because we hadn’t asked for it. I do expect a lot of sympathy and perhaps some will send cash dollars. But this country’s going to rise up and take care of it. You know, we would love help, but we’re going to take care of our own business as well, and there’s no doubt in my mind we’ll succeed. And there’s no doubt in my mind, as I sit here talking to you, that New Orleans is going to rise up again as a great city.

A few of these nations, such as Venezuela and Cuba, are disliked by the administration, but the majority are considered allies of the United States. Venezuela’s Citgo Petroleum Corp. pledged a $1 million donation for hurricane aid. Cuba refused U.S. aid following Hurricane Dennis. In order to reduce the side effects of hurricane Katrina, Japan, Venezuela, and most EU countries offer to provide oil reserves to the U.S.

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Wikinews interviews Rocky De La Fuente, U.S. Democratic Party presidential candidate

Thursday, March 31, 2016

Businessman Rocky De La Fuente took some time to speak with Wikinews about his campaign for the U.S. Democratic Party’s 2016 presidential nomination.

The 61-year-old De La Fuente resides in San Diego, California, grew up in Tijuana, and owns multiple businesses and properties throughout the world. Since getting his start in the automobile industry, De La Fuente has branched out into the banking and real estate markets. Despite not having held or sought political office previously, he has been involved in politics, serving as the first-ever Hispanic superdelegate to the 1992 Democratic National Convention.

De La Fuente entered the 2016 presidential race last October largely due to his dissatisfaction with Republican front-runner Donald Trump. He argues he is a more accomplished businessman than Trump, and attacks Trump as “a clown,” “a joke,” “dangerous,” and “in the same category as Hitler.” Nevertheless, De La Fuente’s business background begets comparisons with Trump. The Alaskan Midnight Sun blog described him as the Democrats’ “own Donald Trump.”

While receiving only minimal media coverage, he has campaigned actively, and according to the latest Federal Election Commission filing, loaned almost US$ 4 million of his own money to the campaign. He has qualified for 48 primary and caucus ballots, but has not yet obtained any delegates to the 2016 Democratic National Convention. Thus far, according to the count at The Green Papers, De La Fuente has received 35,406 votes, or 0.23% of the total votes cast. He leads among the many lesser-known candidates but trails both Senator Bernie Sanders who has received nearly 6.5 million votes and front-runner Hillary Clinton who has just shy of 9 million votes.

With Wikinews reporter William S. Saturn?, De La Fuente discusses his personal background, his positions on political issues, his current campaign for president, and his political future.

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Disney to shut down Blue Sky Studios, animation studio behind ‘Ice Age’

Wednesday, February 10, 2021

Yesterday, US-based entertainment company Disney announced its plans to shut down Blue Sky Studios, the animation studio behind the Ice Age movie franchise.

“Given the current economic realities, after much consideration and evaluation, we have made the difficult decision to close filmmaking operations at Blue Sky Studios”, Walt Disney Studios said in the statement. According to The Hollywood Reporter, the studio will cease producing a movie-adaptation of Nimona, which was scheduled to be released next year.

Based in Greenwich, Connecticut, Blue Sky Studios was founded in 1987, and was later acquired by 20th Century FOX in 1999. Blue Sky’s control went to Disney in 2019 when Disney bought assets of FOX Studios for around US$71 billion. Blue Sky had worked on Joe’s Apartment, A Simple Wish, Alien Resurrection, and Fight Club. The studio went on to produce five Ice Age films, two Rio movies, The Peanuts Movie as well as Ferdinand, which received an Academy Award nomination for best animated feature film.

Disney also owns two other significant animation studios, Pixar and Walt Disney Animation Studios. During the COVID-19 pandemic, Disney has closed Radio Disney and Radio Disney Country. Disney planned last year to lay off about 32 thousand employees, many from Disney’s theme parks. Disney also sold mobile video game unit FoxNext Games Los Angeles. Disney reported a US$2.8 billion net loss in the 2020 fiscal year.

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Business Credit Line Rebirth Via An Abl Asset Based Lender}

Business Credit Line Rebirth Via An ABL Asset Based Lender

by

stanprokop

The business credit line in Canada has gone through a bit or transition over the last number of years – That transition comes via the Asset Based Lending (‘ ABL ‘ ) facility via the Asset Based lender . Let’s examine why this ‘ rebirth ‘ of a traditional revolving credit facility (most commonly offered by banks) has taken Canada by somewhat of a storm. Let’s dig in.

When it comes to spotting warning signs in a businesses financial situation many circumstance involves the business credit line. It quite simple really – your business either has no credit lines in place an needs working capital, or in some cases you have traditional bank financing but it cannot satisfy the needs for growth and operations . A final common scenario is the profile of firms that have had bank financing but for some reason are now self financing or , even worse, in ‘ special loans ‘ with an exit needed as quickly as possible in order to save the company .

When you’re in a position to access Canadian chartered bank financing you’re clearly part of the ‘ cash flow crowd’. ABL, the alternative borrowing scenario turns all that upside down – the total focus is on … Assets. Almost always these are receivables, inventory, equipment, and real estate if that’s part of the mix.

That’s the real trade off here – when you consider an asset based revolving facility you’re no longer dependant in any big way on leverage, ratios, and covenants. Those almost always disappear in a true ABL facility.

The trade offs between bank financing and a non bank asset based line of credit are very clear. The extremes in focus between the two don’t make the decision process all that difficult. Bank credit facilities are monitored much less , so while you can almost expect a major increase in borrowing power when it comes to an asset based lender the one thing you can also expect is more reporting requirements .

With respect to that increased borrowing power it’s achieved simply through more generous margining on A/R and inventory. AR is typically 90% and inventory ranges from 25-75% – dependent on the liquidation value and turnover history of your firms inventory.

Also, for very large corporations the actual cost of an ABL credit line is equal to or even better than bank rates. However for the thousands of small to mid size borrowers the increased borrowing power that come with an asset based credit line will almost always mean higher borrowing costs.

Top experts in corporate finance are quickly realizing the true value of the asset based credit line. It is also used in a number of scenarios to facilitate purchase and takeover of a business.

Is the business credit line challenge ‘a brewing ‘ problem for your business? If you’re looking for the know how, experience and knowledge of your cash flow needs seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can ensure proper financing is put in place to accommodate your needs.

Stan Prokop

Stan Prokop – founder of 7 Park Avenue Financial http://www.7parkavenuefinancial.comOriginating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years – has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Stan Prokop – 7 Park Avenue Financial : http://www.7parkavenuefinancial.com Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 – Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact : Stan Prokop – 7 Park Avenue Financial : http://www.7parkavenuefinancial.com Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 – Completed in excess of 90 Million $ of financing for Canadian corporations . Info /Contact : http://www.7parkavenuefinancial.com/business-credit-line-asset-based-lender-abl.html

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Business Credit Line Rebirth Via An ABL Asset Based Lender}