Sunday, October 28, 2007

Bayern Munich remained undefeated in all competitions after a 0-0 draw against Borussia Dortmund. The draw leaves Bayern at the top of the table with 27 points. However, the lead is down to four points after Hamburg’s 1-0 win against Duisburg.

Franck Ribery didn’t pass a late fitness test and didn’t make the 18-man strong matchday squad. Luca Toni, Martin Demichelis an Jose Ernesto Sosa replaced Lukas Podolski, Philipp Lahm and Hamit Altintop. Jose Ernesto Sosa returned after being sidelined for almost two months after ankle surgery.

Bayern Munich and Borussia Dortmund exchanged plenty of chances and almost had a 50/50 possession between them.

Bayern Munich plays Borussia Mönchengladbach at home in the DFB Cup while Borussia Dortmund plays Eintracht Frankfurt in the same competition.

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.

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.

Thursday, April 1, 2010

US President Barack Obama has announced that he will ease the country’s ban on offshore oil drilling, which has been in place since the 1980s.

According to the plan, offshore drilling would now be allowed in parts of the Atlantic, from Delaware down to 125 miles beyond the shoreline of Florida, in the eastern Gulf of Mexico.

The move, however, does have some restrictions; drilling further northeast or along the West Coast is still prohibited. Contracts in Bristol Bay, Alaska were also suggested, but were scrapped due to environmental concerns.

The president remarked that he decided the move was needed to lessen the country’s need for additional energy, adding that he had studied the issue for over a year. “This is not a decision that I’ve made lightly,” he said.

“We’re announcing the expansion of offshore oil and gas exploration but in ways that balance the need to harness domestic energy resources and the need to protect America’s natural resources,” Obama continued, speaking at Andrews Air Force Base in Maryland. “My administration will consider potential new areas for development in the mid and south Atlantic and the Gulf of Mexico.”

“Drilling alone can’t come close to meeting our long-term energy needs, and for the sake of our planet and our energy independence, we need to begin the transition to cleaner fuels now. I know that we can come together to pass comprehensive energy and climate legislation that’s going to foster new energy — new industries, create millions of new jobs, protect our planet, and help us become more energy independent.”

Obama said that the plan was partially intended to garner support from Republicans in Congress for a climate-change bill to lower greenhouse gas emissions, which has been languishing for months due to lack of support from Republicans.

Some environmental groups, however, condemned Obama’s move. Phil Radford, who is with the Greenpeace group, said that “[e]xpanding offshore drilling in areas that have been protected for decades threatens our oceans and the coastal communities that depend on them with devastating oil spills, more pollution and climate change.” Greenpeace also said that lifting the ban fuelled the US’ “addiction to oil”.

Republican leader for the House of Representatives John Boehner, meanwhile, said he agreed with lifting the ban in the Atlantic, but remarked that it “makes no sense” not to have lifted it in other areas as well. “Opening up areas off the Virginia coast to offshore production is a positive step, but keeping much of the Pacific Coast and Alaska, as well as the most promising resources off the Gulf of Mexico, under lock and key makes no sense at a time when gasoline prices are rising and Americans are asking ‘Where are the jobs?'”, he said.

“Today’s announcement is a step in the right direction, but a small one that leaves enormous amounts of American energy off limits,” said the Senate Minority leader, Republican Mitch McConnell.

According to the US Minerals Management Service, the eastern Gulf of Mexico and parts of the Atlantic south and east of the continent could contain up to 5.8 billion barrels of oil and 40.5 trillion cubic feet of gas. The West Coast, meanwhile, which remains off limits for drilling, contains 10.5 billion barrels of oil with 18 trillion cubic feet of gas.

Tuesday, September 27, 2005

Brampton – Suresh Joachim of Mississauga, Ontario continues to amaze, breaking yet another world record, this time at The Bay Court in Shoppers World.

From Thursday, September 22 at 8 am, to Saturday, September 24 at 3:05 pm, Suresh ironed continuously for 55 hours and 5 minutes, in front of the thousands of onlookers shopping at the mall those three days.

The achievement, now submitted to the Guinness Book of World Records, breaks the previous record by Eufemia Stadler of Zurich, Switzerland. Stadler completed 40 hours of continuous ironing from September 16-18, 1999.

Originally from Sri Lanka and Australia, Joachim is no stranger to the folks at Guinness. He currently holds twenty other records, ranging from greatest distance travelled on ‘up’ and ‘down’ escalators (225.44 km between May 25 and May 31 1998), furthest travelled on a treadmill in one week (659.27 km at a gym in Paris, France), and longest dance marathon by an individual (100 hours at the Dixie Outlet Mall).

This September, Suresh watched television in the lobby of WABC in New York City for 69 hours and 7 minutes, breaking the previous record by 19 hours. The event was covered daily on the talk show “Live with Regis and Kelly” as part of their Guinness World Record Breaker Week. He also recently set the record for longest time rocking in a rocking chair, at 75 hours.

A DJ on BBC Radio Cambridgeshire recently tried to break Joachim’s record for longest continuous time as a DJ. He was unsuccessful, and Suresh’s 120-hour World Record set on Geethavaani Tamil Radio in Scarborough stands unharmed.

The event helped raise funds for the Universal Fund for Suffering Children, whose funds are “utilized to save the world’s children from poverty, disease and war.” All of Joachim’s stunts have been dedicated to this charity.

What’s next for Suresh? He plans to start static cycling from October 18th, 2005 to October 22nd, 2005, in Britain. Suresh’s goal is 150 world records, which would beat the long-time record breaker Ashrita Furman, who has accumulated 94 records. While Furman started two decades ago, Suresh only discovered the Guinness Book of World Records in 1991, and started record breaking in 1996.

You can visit Suresh online at www.sureshjoachim.org

Sunday, January 20, 2008

The Standard Chartered Marathon, nicknamed “The Greatest Race on Earth“, held its third stage in Mumbai, India today. Because of the scorching hot weather in India, marathon runners had to adapt to the weather to overcome the challenge.

More than 30,000 runners participated in this race, joined by local NGOs and disabled who participated in a special charity short-distance running including 6km dream run, 4.3 km senior, and 2.5km wheel-chair classes. Gabriela Szabo, former Romanian Olympic Gold Medalist, named as charity ambassador of the race, was pleased by the participation from experts and NGOs.

An hour into the race, former champion Daniel Rono and Joseph Kimisi took the lead, but then Tariku Jifar from Ethiopia and defending champion John Ekiru Kelai took over Rono and Kimisi. After 40 kilometres, Kelai took a decisive lead and finally retained his champion title in 2 hours 12 minutes 22 seconds.

In the Women’s Group, Mulu Seboka from Ethiopia won the champion with 2H30m03s. Local runners Surendra Singh & Kavita Raut won the Men’s and Women’s Champions in the half-marathon class.

Tuesday, September 30, 2008

George W. Bush vowed to get the USD 700 billion economic rescue plan through congress in a statement to the media made today.

“Yesterday, the House of Representatives voted on a financial rescue plan that had been negotiated by Congressional leaders of both parties and my administration,” Bush reminded the audience. “Unfortunately, the measure was defeated by a narrow margin. I’m disappointed by the outcome, but I assure our citizens and citizens around the world that this is not the end of the legislative process.”

“Producing legislation is complicated, and it can be contentious. It matters little what a path a bill takes to become law,” he continued. “We’re at a critical moment for our economy, and we need legislation that decisively address the troubled assets now clogging the financial system, helps lenders resume the flow of credit to consumers and businesses, and allows the American economy to get moving again.”

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“I recognize this is a difficult vote for members of Congress. Many of them don’t like the fact that our economy has reached this point, and I understand that. But the reality is that we are in an urgent situation, and the consequences will grow worse each day if we do not act. The dramatic drop in the stock market that we saw yesterday will have a direct impact on the retirement accounts, pension funds, and personal savings of millions of our citizens. And if our nation continues on this course, the economic damage will be painful and lasting.”World and US markets today are up after severe declines yesterday. Most have recovered 30% of their previous losses, meaning that the potential government expenditure was similar to the market losses.

Bush then said that he knows “many Americans are especially worried about the cost of the legislation.” He then attempted to justify the cost. “The bill the House considered yesterday commits up to 700 billion taxpayer dollars to purchase troubled assets from banks and other financial institutions. That, no question, is a large amount of money. We’re also dealing with a large problem. But to put that in perspective, the drop in the stock market yesterday represented more than a trillion dollars in losses.”

If passed, the bailout plan would have allowed for the United States government to purchase devalued mortgage backed securities, resulting from the subprime mortgage crisis, from troubled financial institutions. The US Treasury Secretary Henry Paulson said the plan could cost up to $700 billion.