Author: Admin

Wednesday, June 15, 2011

A woman has been found dead at the home of Sam Abal, the acting prime minister of Papua New Guinea. The body was discovered in the garden of the property early Monday morning. Abal’s adopted son, Teo, was arrested on Wednesday after a two-day search; he was reportedly the last person to be seen with the woman.

A murder investigation has been opened by Papua New Guinea police. Abal, currently living in a local hotel, released a statement, saying: “The alleged murder took place within the perimeters of my private home. All family members living with me are immediate suspects and are subject to investigation and questioning by police.”

Police Commissioner Anthony Wagambie commented on Teo Abal’s arrest, saying, “He was caught last night at the Pondorosa Hotel in Port Moresby and is currently being interviewed by police.”

Sam Abal has been the acting prime minister of Papua New Guinea since April of this year, when 75-year-old leader Michael Somare underwent heart surgery. Somare’s recovery has been extended but no date has been given as to his return.

Sunday, August 26, 2007

A one-inch settlement of the roof of The Bay tunnel to the Montreal Metro caused authorities to evacuate 12 blocks of the Montreal downtown core.

Several people noticed water infiltration in the tunnel over the last few days. On Friday, August 24, at 1 p.m., while investigating another water infiltration incident, The Bay employees noticed that the ceiling of the tunnel portion of The Bay’s basement sales area had descended one inch over a 7 meter length. They subsequently called police. The police and firefighters evacuated the basement of the downtown Bay store. The police closed de Maisonneuve Boulevard from Aylmer Street to Union Street, over the area of the crack.

At 4 p.m., firefighters evacuated the Parkade Montreal Building and The Bay Department Store after finding pieces of concrete falling from the Parkade Montreal structure, a multi-story carpark with five levels of offices on top. They also evacuated the downtown portion of the Line 1 / Green Line of the Montreal Metro subway, from Lionel-Groulx to Berri-UQAM stations, and evacuated the McGill metro station, which is situated below The Bay tunnel. After consulting with city engineers, Centre 2001, the loading dock of the Bay and its Hertz car rental agency, Les Promenades Cathedrale underground shopping centre and office tower, and a neighbouring office tower to the Parkade were also evacuated. Police cordoned off an area from Bleury Street in the east to University Street in the west, and from Ste-Catherine Street in the south to President Kennedy Street to the north.

The closure of the Metro caused havoc to the Friday afternoon rush hour, as over 40,000 people regularly use the Green Line (Line 1) every day. Montreal Transit Corporation workers issued directions during the day, though some may not have been informed of a provisionary bus service to replace the lost subway service. Loudspeakers announced that commuters should use the unaffected Orange Line (Line 2), which has lines between 5 and 10 blocks south of Line 1 (Green Line), and also connects to Lionel-Groulx and Berri-UQAM stations.

The downtown area is intended to remain closed for at least the weekend, along with portions of the underground city, or RESO. The tunnel was built in 1966. For the last few days, city work crews have been working above the slab in question, digging a one meter trench to install a median and segregate a new bike path on de Maisonneuve Boulevard. The tunnel roof lies five meters below street level.

Residents of Montreal are frustrated with the crumbling infrastructure in and around the city, including the collapse of the de la Concorde Boulevard overpass over Autoroute 19 expressway last year, the shattering of a column holding up the Autoroute 720 Ville Marie elevated expressway last month, and other incidents.

Sunday, January 15, 2006

Ariel Sharon, 77, is scheduled to undergo a tracheotomy today, which is expected to help wean him off a respirator, which is helping him to breathe, a hospital statement said.

A tracheotomy is a procedure where an incision in the windpipe is made to create a temporary or permanent opening. It will allow for the removal of the breathing tube now inserted in Sharon’s throat. Sharon suffered a major stroke on January 4, 2006. Last week, doctors said the plastic tube connecting his windpipe with the respirator would start to cause him damage if left in for too long.

Tracheotomies are routinely performed on stroke victims to reduce the risk of infection posed by intubation.

“The prime minister’s condition continues to remain critical but stable,” said a statement issued by Jerusalem’s Hadassah hospital where doctors have been trying, unsuccessfully, to wake Sharon from a medically induced coma. “This evening the prime minister will undergo a CT test after which he will undergo a tracheotomy. The surgery is aimed at helping to wean him off a respirator machine. It will be conducted in the operating room under general anaesthesia.”

Friday, April 7, 2006Legislators in the Massachusetts General Court, their name for the state legislature, approved legislation on Tuesday, April 4, that would make it the first state in the United States to require all residents to have health insurance and impose penalties for non-compliance. Massachusetts Governor Mitt Romney, a Republican who is expected to run for U.S. President in 2008, is expected to sign the bill.

The bill passed the lower house, the Massachusetts House of Representatives by a vote of 155-2, and unanimously by the state senate. The Democratic Party holds supermajorities in both houses of the legislature.

Among the bill’s provisions are these:

1. Businesses that employ more than 10 people are required to provide health insurance for all staff or face fines of $295 per year per uninsured worker.
2. Individuals will be required to enroll in a health plan by July 1, 2007, or face tax penalties.
3. Health insurers will provide partially to fully subsidized coverage for low-income residents.

At least one other state (Hawaii) requires employers to provide employee health insurance, but no other state holds individuals accountable for coverage.

Monday, August 27, 2007

The number of horses confirmed to be infected with Equine Influenza in Australia has risen to 47, all in the state of New South Wales. So far none of those confirmed infected have been thoroughbred race horses.

The NSW government has confirmed infections at the federal government’s quarantine facility at Eastern Creek and Centennial Park in Sydney; at Cattai and Wilberforce in North-Western Sydney; and in Moonbi, Parkes, Berry and Wyong in regional NSW.

It is also feared that the outbreak may have spread to Warwick in Queensland where three horses from NSW showed flu-like symptoms during an equestrian event. Initial samples were tested in a laboratory in Brisbane revealing the three animals had been carrying the flu. Further testing will be conducted on samples from the horses in Victoria, although results are not expected until later this week. All 300 horses at the event have been quarantined.

There are also three suspected cases of the virus infecting thoroughbreds at Randwich racecourse in Sydney, if the horses test positive to the flu they will be the first thoroughbreds to be infected with the virus.

The Federal Agriculture Minister, Peter McGauran told ABC Radio this morning that while the source of the outbreak was not known, it is likely that the outbreak may have been caused by an equestrian event held in Maitland on the 18th and 19th of August.

“Everyone’s been assuming it was the Centennial Park horses that travelled and infected horses in different parts of regional NSW,” he said.

“It would appear at this stage that almost all, if not every horse affected has passed through a Maitland horse event on the weekend of the 18th and 19th, or come in contact with a Maitland horse.”

Agriculture Minister of NSW, Ian Macdonald told reporters “It’s early days yet, but a number of horses that attended an event at the property on that weekend are showing clinical signs of equine influenza”.

“The NSW Chief Vet, Bruce Christie, has advised me that we need to locate and examine every single horse that entered and left the property.”

At this stage it appears the Australia wide ban on horse movements which expires on Wednesday may have to be extended, at least in NSW and Queensland.

Thursday, September 21, 2017

On Monday night, New Jersey, US-based toy retail giant Toys R Us filed for bankruptcy in the US as well as in Canada. The retailer filed it from Richmond, Virginia for Chapter 11 bankruptcy code in the US, and a judge allowed a loan of over US$2 billion.

According to the filing, the retail chain owns US$6.6 billion in assets, but has a debt of US$7.9 billion. They were under a roughly US$5 billion debt since the company underwent a three-way acquisition in 2005. Kohlberg Kravis Roberts, Bain Capital, and Vornado Realty Trust acquired Toys R Us for around US$7 to US$7.5 billion. After the US judge approved a loan, Toys R Us received about US$3 billion from the lenders to continue the business and survive a competitive market, and restructure their business model. E-commerce giant Amazon.com, Walmart and Target are some of the competitors for the conventional ‘brick and mortar’ toy shop, with lower priced-merchandise and fast, cheap delivery. In a conference call in June, CEO Dave Brandon said “very, very aggressive pricing online” was causing problems. He also said the company was experiencing “significant weakness in demand for their products globally”. Toys R Us are to clear a debt of US$400 million by May 2018.

Toys R Us said they would continue to operate for the holiday season. Bankruptcy lawyer Jeff Gleit said Toys R Us “need to do both a financial restructuring as well as an operational restructuring” and “needs to modernize with the times”. Last holiday season, Toys R Us made sales around US$4.5 billion. Overall, the company reported a US$29 million loss in 2016. CEO Brandon said, “Our objective is to work with our debt holders and other creditors to restructure the US$5 billion of long-term debt on our balance sheet, which will provide us with greater financial flexibility to invest in our business”.

Toys R Us employs more than 60 thousand people in 38 countries around the world in more than 1600 stores. The company’s stocks fell by six percent after filing for Chapter 11 protection. US bankruptcy code Chapter 11 allows the company to restructure under a plan approved by the court. The company would also be shielded from creditors’ claims during the process. For the stores located in Canada, Toys R Us filed bankruptcy in Ontario and are to undergo reorganisation. However, 259 stores located outside the US or Canada will not undergo reorganisation, the company said.

Over 300 US-based retailers have filed for bankruptcy this year, and hundreds of stores closed.