Monday, December 25, 2006

James Brown, often referred to as the Godfather of Soul, died in Atlanta due to congestive heart failure, combined with pneumonia. His death at age 73 was announced by his agent. After his dentist noticed something unusual with him, Brown was told to visit a doctor immediately. He was taken into the hospital yesterday for treatment of his pneumonia until his death at around 1:45 AM (6:45 AM GMT). It is not known whether he received a pneumonia vaccination, as recommended for people of his age.

He was born in 1933 and grew up in poverty until he formed James Brown & The Famous Flames. His influence on 20th century music, from funk to hip hop was profound.

Before he died, he scheduled a New Year’s Eve concert series in New Jersey and New York that would help kick off a 2007 tour.

Tuesday, February 5, 2008

Afflecks Palace, the “iconic, alternative shopping centre” in the Northern Quarter of Manchester in England, United Kingdom, was saved from closure this week after long-running rumours that the market may have to “kick out its traders” due to a dispute between the management of the Afflecks Palace brand and the leaseowner for the building, Bruntwood.

Rumours suggesting that Bruntwood were looking to redevelop the building started early in 2007, when it became apparent that the property developer was not actively seeking to renew the twenty-five year lease that the management of Afflecks Palace had with them concerning the building. These initial fears were added to by news that Bruntwood was looking to redevelop other buildings it owned in the Northern Quarter area, specifically the parking complex opposite Afflecks, with an eye towards taking advantage of the “property boom” in Manchester at the time. There were also fears that if Afflecks did remain open, “rents would rise”.

These initial fears were eventually propagated closer to the end of the year when a letter from the management of Afflecks Palace told individual stall holders that “… management have received no formal response from Bruntwood to a tenancy request notice served in October [2007]”, going on to add that “We can only assume therefore that they do not intend to offer us a new lease”.

Following the release of this letter, public support for Afflecks Palace was quickly made obvious when a 5,000 signature petition was submitted demanding the centre remain open for business. This seemed to prompt talks between Bruntwood and the Afflecks Palace management and, eventually, lead to this week’s news that the market was – indeed – to remain open. The result of the talks was that Bruntwood “bought out” the Afflecks Palace brand.

A joint statement between the management of Afflecks Palace and Bruntwood said: “After 26 years of trading, Afflecks’ management has sold their company to Bruntwood in an agreement that protects the future of Afflecks. Bruntwood will manage Afflecks while they look for a new owner who is skilled in running market style businesses and can bring a similar level of enthusiasm and dedication that the existing management has.”

A spokesperson speaking on behalf of Bruntwood also added that: “Never in our 30 year history have we bought one of our customer’s businesses, but Afflecks is a Manchester icon that we wanted to protect. We aren’t however expert in managing markets, so will look for a suitable long term owner. In the meantime, the most important aspect is that we have arrived at a solution with Afflecks management that protects an independent retail environment and provides the existing stallholders with security.”

Traders from the market celebrated the news by holding a party yesterday.

Friday, July 22, 2005

London Metropolitan Police have confirmed that armed police officers shot and killed a man at Stockwell Underground station just after 10 a.m. BST this morning. He was pronounced dead at the scene. Sir Ian Blair, the Commissioner of London Metropolitan, told a press conference this afternoon that the man was challenged by police officers (not in uniform) but refused to follow instructions. Some witnesses claim he did not appear to be carrying any arms, but wore a heavy coat that may have concealed a weapon. One passenger, Anthony Larkin, said the man appeared to be wearing a “bomb belt”.

Mark Whitby, apparently the closest eye witness said; “He half-tripped, was half-pushed to the floor. The policeman nearest to me had the black automatic pistol in his left hand, he held it down to the guy and unloaded five shots into him.”

Police have revealed that the shooting was connected with yesterday’s attempted attacks, but but have not confirmed him to be one of the four bombing suspects. Police sources have indicated that the man who was shot had been followed covertly, and after he was confronted he ran off and was followed on foot by up to twenty police from street level into the Underground station.

London Underground suspended some services on the Victoria and Northern lines, citing a request by the police. The Northern line was then completely suspended for a short time mid-afternoon after a security alert at Mornington Crescent Station.

The London Ambulance Service have dispatched ambulances and the air ambulance to the scene. The Metropolitan Police have cordoned off a 200 metre perimeter around the station.

Friday, April 3, 2009

General Motors (GM) and Chrysler will receive bridge loans from the government of Canada and the provincial government of Ontario, however no more will be forthcoming from either Canadian or US governments unless the companies can reinvent themselves.

“This is a regrettable but necessary step to protect the Canadian economy. We are doing this on the assumption that we obviously cannot afford either in the United States or Canada a catastrophic short-term collapse.” said Stephen Harper, Prime Minister of Canada.

“We cannot, we must not, and we will not let our auto industry simply vanish. This industry is, like no other, an emblem of the American spirit; a once and future symbol of America’s success,” said Barack Obama, President of the United States. “These companies – and this industry – must ultimately stand on their own, not as wards of the state.”File:Sinsheim quer.jpg

Chrysler will receive CA$1 billion and may in fact be eligible for as much as CA$4 billion. If Chrysler succeeds in the next 30 days with a restructuring plan it would be eligible for a US$6 billion loan. A part of Chrysler’s restructuring plan must include a partnership with Fiat within 30 days to appease the US administration. Fiat is a supplier of smaller fuel-efficient vehicles, and the merger will help Chrysler to be viable in the North American market. A Chrysler court bankruptcy would inevitably lead to it being sold off.

As a part of Chrysler’s restructuring plans, Tom LaSorda, the president of Chrysler announced that Canadian operations would fold if it does not receive both the US commitment of $2.3 billion of aid and a new Canadian Auto Workers CAW contract to reduce all-in costs by CA$19 per hour. As a result of this announcement Chrysler’s auto sales volume in Canada dropped 23% compared to March of 2008.

GM has until the end of May to restructure its company to receive up to CA$7.5 billion. As part of the companies restructuring, General Motor’s chief executive Rick Wagoner was replaced Sunday with Fritz Henderson, the current chief operating officer. Henderson spoke out on Tuesday that GM has submitted a restructuring plan which would close five plants, and this may be increased to meet the requirements for financial aid. He is in full compliance with Obama’s auto task force to seek bankruptcy if GM cannot negotiate with their unions, bondholders and others.

GM recently brought forward the “GM Total Confidence” program providing consumer purchase protection for customers who lose their job for economic reasons within the first two years from purchase. As a result of Chrysler’s restructuring announcement in Canada, GM’s Canadian vehicle sales volume fell only 17.3% compared to 2008, an increase from the previous month.

GM must reduce some of its legacy costs which include its pensions and union health care costs. A part of GM’s ailments arose from investing in supplying truck and SUVs during an economy of high gas prices when consumers were demanding fuel efficient vehicles.

Tony Clement, Canada’s Minister of Industry, is hoping that the CAW will support the restructuring process and re-negotiate their agreement. Whereas a United Auto Workers negotiator has said, “I don’t see how the UAW will do anything until they see what the bondholders will give up.”

The Obama administration is looking toward bankruptcy proceedings for the automakers, “as a mechanism to help them restructure quickly and emerge stronger. [It will] quickly clear away old debts that are weighing them down. What we are asking is difficult. It will require hard choices by companies. It will require unions and workers who have already made painful concessions to make even more. It will require creditors to recognise that they cannot hold out for the prospect of endless government bailouts.” said Obama.

The auto parts suppliers and IT software exporters in India have already been affected by the declining auto sales. GM and Chrysler software contracts provide US$300 to 350 million a year to vendors in India. As well these two major automakers usually award US$1 billion contracts to auto parts suppliers. “We are worried and closely watching the developments in the US to gauge the impact. The decline in auto sales in the US has already hit the order books of Indian suppliers,” said a Delhi auto parts supplier.

“Going forward, the industry will undoubtedly be smaller, but if our efforts are successful it will be viable and it will support good jobs for Canadians,” said Clements.

Betty Sutton, Ohio’s Congresswoman put forward the CARS act which provides a US$3,000 to 5,000 incentive for those who trade in their vehicle for a fuel-efficient car. “It clearly stimulates the economy, and it gets the consumer into the showroom and gets them buying again. But importantly — and this is what I particularly like about it — it really helps the environment quite a bit in two respects.” said William Clay Ford Jr., executive chairman of Ford Motor Co.

Ford Motor Company has not come forward with requests for assistance.

Since December GM and Chrysler have received US$17.4 billion government loans.