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Thursday, April 21, 2005

U.S. President George W. Bush signed into law Wednesday a major bankruptcy reform bill, making the most sweeping changes to the laws of personal bankruptcy in the past two decades. Bill S.256 is predicted to reduce the chances of filing Chapter 7 bankruptcy for 30,000 to 210,000 families per year, according to the American Bankruptcy Institute.

The legislation was strongly opposed by some consumer advocates and by some Democrats in Congress, who complained about the lack of debate on exemptions they attempted to introduce and tried to derail the passage of the bill. Those who are unable to file for Chapter 7 bankruptcy will then be forced to file under Chapter 13, which requires payment of some debts by order of a judge based on the financial resources of the debtor.

Opponents said the bill will end a chance for a fresh start in the financial lives of the American people by keeping them in debt to collection agencies, as well as credit card companies and banks who have made it easy to obtain high credit limits amid mounting consumer debt.

In his remarks before signing the bill, which he supported, Bush said, “The bipartisan bill I’mabout to sign makes common-sense reforms to our bankruptcy laws. By restoringintegrity to the bankruptcy process, this law will make our financial systemstronger and better. By making the system fairer for creditors and debtors,we will ensure that more Americans can get access to affordable credit.”

The bankruptcy bill received a 302-126 approval in the house, after receiving a 74-25 vote in the Senate last month following strong, mostly partisan debate.

The US bankruptcy system was established in 1898. It allowed judges and debtors to come to terms with the costly medical bills that can follow a relative’s death, or a family illness. Such cases form nearly half of all bankruptcies filed in the USA, according to the American Bankruptcy Institute.

Now many of those people will have to work out repayment plans suitable to creditors instead of having debts erased by a judge, according to the new law, which takes effect in six months.

In the past, a judge or court representative would calculate an individual’s income and subtract necessities of life to come up with a practical repayment plan of some debt. The new law stipulates that a graph, showing the poverty level in whichever state the consumer is living will be the criteria. It assumes that if people can subsist at that poverty level, then everything over that can be used to repay creditors.

Additionally, a provision that allowed debtors to file their own Chapter 7 fresh start bankruptcy has been changed to require a lawyer, paid by the debtor, to do the filing.

The new law also erased “usury” provisions in lending laws, with some lawmakers saying that paying 30 percent interest was not too much when a debtor was behind on payments.

But Bush said that credit will “be more affordable because when bankruptcy is less common, credit can be extended to more people at better rates,” meeting demands of the credit card companies which they have been pressing for the last eight years.

“The big winners under the new law will be the special interests that literally wrote it, particularly the credit card industry,” said Travis B. Plunkett, legislative director of the Consumer Federation of America. “This is particularly ironic because reckless and abusive lending practices by credit card companies have driven many Americans to the brink of bankruptcy.”

The forces arrayed on the losing side of this bill said it will hurt low-income working people, single mothers, minorities, and elderly and will end a safety net for people who have lost jobs or face major medical bills. People who fail (refuse) to pay or refuse to go to court will punished by a fine and or arrest warrant made out in their name. About fifty thousand Americans will be punished by a fine and or warrant about three thousand Americans every year will go to jail under the new bankruptcy law. For some people this will be a third strike so they will be put in jail for life.

But Mallory Duncan, a lawyer for the National Retail Federation, said “Bankruptcy has gone from a stigma to a financial planning tool for many.”

New personal bankruptcy filings have increased from 172,423 in 1978 to 1,599,986 last year, an increase of 828% during that time; however, it edged down slightly last year.

About 2 percent to 13 percent of those who dissolve their debts in Chapter 7 bankruptcy each year in exchange for forfeiting some assets will be disqualified from doing so under the law, according to the American Bankruptcy Institute.

Bankruptcy lawyers anticipate a rush to the courthouse to beat the six-month window before the new reforms take effect.

Thursday, August 16, 2007

The name Robert Cailliau may not ring a bell to the general public, but his invention is the reason why you are reading this: Dr. Cailliau together with his colleague Sir Tim Berners-Lee invented the World Wide Web, making the internet accessible so it could grow from an academic tool to a mass communication medium. Last January Dr. Cailliau retired from CERN, the European particle physics lab where the WWW emerged.

Wikinews offered the engineer a virtual beer from his native country Belgium, and conducted an e-mail interview with him (which started about three weeks ago) about the history and the future of the web and his life and work.

Wikinews: At the start of this interview, we would like to offer you a fresh pint on a terrace, but since this is an e-mail interview, we will limit ourselves to a virtual beer, which you can enjoy here.

Robert Cailliau: Yes, I myself once (at the 2nd international WWW Conference, Chicago) said that there is no such thing as a virtual beer: people will still want to sit together. Anyway, here we go.

Saturday, July 5, 2008

Chemicals in the Thompson River were said to be found after four Canadian Pacific Railway (CP Rail) cars containing chemicals derailed near Lytton, British Columbia, Canada on Tuesday night.

The derailment occurred just northeast of Lytton when a landslide hit in the middle of a freight train with about 100 cars at around 7:00 pm PDT (02:00 UTC) Tuesday evening. One car remained on the tracks, another was on a river bank, and two were submerged in the Thompson, one of them fully submerged and the other partially submerged. CP states that the cars were carrying the chemical ethylene glycol, commonly found in products such as antifreeze and windshield washer fluid. Glycol is water soluble and biodegradable but is causing concern to local fisheries and people dependent on aquatic life survival. Even though there is not enough chemical to be toxic after dilution in the water, there is still expressed concern that it may cause additional stress to aquatic life.

Despite protective measures, like a protective double hull, investigations found that broken valves and holes are causing the chemical to leak into the river. CP Rail originally denied that any chemical was leaking, but is now driving efforts to plug the leaks.

The Thompson River is a tributary of the larger Fraser River. The area is sensitive to harm because migrating salmon pass through and are in already in dwindling numbers in recent years.

Wednesday, December 5, 2007

Once you get a chance to talk to West Palm Beach, Florida native Whitney Cunningham, who placed seventh on the eighth cycle of the popular reality TV series America’s Next Top Model, you begin to understand what host Tyra Banks meant when she described her as the “full package.”

First of all, she is confident and headstrong, which is a must on these kinds of shows, almost as much as it is to take a beautiful modelesque picture. Second, she turns that confidence into drive. She has been receiving steady work as a model since leaving the show, and still believes that her goal of being the first woman to wear a size ten dress on the cover of Vogue is in reach. Third, and probably most important to television viewers, she obliterates the age-old model stereotype that to be pretty and photograph well, one must also be vapid and without a thought. A graduate of Dartmouth College, Cunningham also dreams of becoming a writer, and is working toward dual goals: a model who can express herself like no other model before her.

Cunningham recently sat down with Wikinews reporter Mike Halterman in an impassioned interview, taking hours to field questions from the reporter as well as from fans of America’s Next Top Model. Always in high spirits, Cunningham shows that she is a distinct personality who has carved her own niche in the Top Model history books. At the same time, she exhibits a joie de vivre that is oddly reminiscent of earlier Top Model fan favorite Toccara Jones, who showed America just how to be “big, black, beautiful and loving it.” However, Cunningham is quick to remind everyone that she isn’t big at all; she is simply a regular woman.

This is the first in a series of interviews with America’s Next Top Model contestants. Interviews will be published sporadically.

Friday, March 18, 2005Probably one of the first good things to come out of the 2004 Tsunami in Asia, ancient ruins were discovered in India. Fishermen along the shores report seeing the ruins along the shoreline near Mahabalipuram when the waters receded just prior to the arrival of the tsunami. Mahabalipuram is a port city of South India, dating back to the 7th century, around 60 km south from the city of Chennai in Tamil Nadu.

The fishermen reported a complex consisting of ancient temples. Some mention seeing at least 20 distinct temples, and hundreds of refrigerator-sized blocks. The walls were covered with barnacles, coral and mud. Local folklore tells of an ancient port in the area.

On the shore, three structures consisting of elaborate carvings in the shape of animals were uncovered. The structures appear to have been covered in sand, which had been wiped away by the force of the tsunami. The structures appear to belong to a port city built in the 7th century, said T. Satyamurthy, a senior archaeologist with the Archaeological Survey of India. The sculptures, representing an elephant, a lion and a flying horse, were commonly used during the Pallava dynasty, which ran from the 4th to the 9th century, archeologists say.

The temples along the shores of Mahabalipuram are already a famous feature of the city, and have been declared a UNESCO World Heritage site. Legend has it that the city was home to seven pagodas. Underwater excavations of the area by the archaeological society, run by the Indian government and navy divers, began on Thursday.

Monday, June 23, 2008

2008 COMPUTEX Taipei, the largest trade fair since its inception in 1982, featured several seminars and forums, expansions on show spaces to TWTC Nangang, great transformations for theme pavilions, and WiMAX Taipei Expo, mainly promoted by Taipei Computer Association (TCA). Besides of ICT industry, “design” progressively became the critical factor for the future of the other industries. To promote innovative “Made In Taiwan” products, pavilions from “Best Choice of COMPUTEX”, “Taiwan Excellence Awards”, and newly-set “Design and Innovation (d & i) Award of COMPUTEX”, demonstrated the power of Taiwan’s designs in 2008 COMPUTEX Taipei.

Friday, December 1, 2006

Australia has taken a one-nil lead in the 2006-07 Ashes series against England. The match finished during the fifth day, with Australia winning by 277 runs at the Gabba ground in Brisbane, Australia.

In its first innings, Australia made 602 runs for the loss of 9 wickets before declaring (ie. 9-602 dec.) during the evening session of day two. Captain Ricky Ponting made 196 runs whilst All-rounder Flintoff took 4 wickets for 99 runs (4-99).

In response, England made only 157, with Glenn McGrath taking 6-50. The only English batsmen to reach 50 runs was Ian Bell.

Captain Ponting decided not to enforce the follow-on despite Australia having a 445-run lead on the first innings aggregate. Australia’s second innings was another resounding display, declaring a second time at 1-202 just before lunch on the fourth day. Justin Langer made 100 not out. This set England a massive victory target of 648 runs.

In England’s second “dig”, they managed to post 370 runs before being dismissed, falling 378 runs short of winning the match. Kevin Pietersen made 92 before being caught off the bowling of Brett Lee early on the fifth morning. His counterpart Paul Collingwood also lost his wicket in the “nervous 90’s”, falling on 96. Leg spin legend Shane Warne took 4-124 during the innings.

This test match marked the return of Australian paceman Stuart Clark, who took 7-93 for the match. The second Test match beings in Adelaide on December 1.

Tuesday, January 22, 2008

Buffalo, New York —A woman in Buffalo, New York in the United States is in critical condition tonight at Sisters Of Charity Hospital after she accidentally set herself on fire.

The unnamed elderly woman was receiving oxygen for medical problems in her home and lit a cigarette, and the oxygen coming from her mask facilitated the ignition of her clothing, setting her on fire.

Despite her “severe” burns as described by firefighters on radio communications, she was still able to dial the emergency line in the U.S., 911.

In the U.S. only 4% of all residential fires were reportedly caused by smoking materials in 2002. These fires, however, were responsible for 19% of residential fire fatalities and 9% of injuries. The fatality rate due to smoking is nearly four times higher than the overall residential fire rate; injuries are more than twice as likely. Forty percent of all smoking fires start in the bedroom or living room/family room; in 35% of these fires, bedding or upholstered furniture are the items first ignited.