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Wednesday, February 15, 2006

Warner Music Group first quarter earnings rose sharply mostly from growth in digital music sales offsetting falling CD sales. Warner Music sells digital music to several online services including Apple’s iTunes at wholesale. The company’s first-quarter revenue from digital music sales doubled to US$69 million, accounting for 7% of overall revenue. Madonna, Green Day, and James Blunt are signed to subsidiary labels of Warner.

Warner Music has undergone restructuring after being sold in 2004 by former parent company Time Warner. Cutting costs, exploiting current assets, and digital music has been the company’s focus since going public in May.

Wednesday, February 17, 2016

On Monday, at the 58^th Grammy Awards ceremony, Canadian singer The Weeknd won his first Grammy Award, Best R&B Performance, for his song Earned It, which was also featured on the soundtrack of the 2015 Fifty Shades of Grey movie based on E.L. James’s erotic novel Fifty Shades of Grey.

The Weeknd also won the Grammy Award for Best Urban Contemporary Album for his second studio album Beauty Behind the Madness. Abel Tesfaye — The Weeknd — had seven nominations in total including Record of the Year for his song Can’t Feel My Face and Album of the Year.

The YouTube video of the song received more than 179 million views and more than 1.1 million likes.The Weeknd was also nominated for Grammy Award for Best Pop Solo Performance, but British singer Ed Sheeran won the golden gramophone for his song Thinking Out Loud.

Last year, Beyoncé won the Award for Best R&B Song for Drunk in Love featuring her husband Jay-Z.This awards ceremony marked the first Grammy wins for The Weeknd, Justin Bieber and Ed Sheeran.

Sunday, February 27, 2005A last gasp effort is underway to prevent the deportation of Montserratian refugees from New York City, U.S.A., to the disaster-stricken volcanic island they fled ten years ago.

Representative Major Owens (D, NY), of Brooklyn, is hoping the outpouring of support for victims of the Asian tsunami will save the refugees from returning to an island with an active volcano that is at constant risk of a further catastrophe.

Until last year, the Department of Homeland Security had allowed the families to stay in the United States under a special designation called “Temporary Protected Status”. But in July, secretary of homeland security, Tom Ridge, withdrew the status—not because it was safe to return to Montserrat, but because the volcano would remain active for decades to come and therefore was no longer a “temporary” danger. On February 27, the city’s estimated 100 Montserratians and their families will be forced to leave or risk deportation. A further 200 families, many of them living in Boston, are also under threat.

Earlier efforts to win a reprieve for the Montserratians were blocked by anti-immigrant forces in the House of Representatives, led by congressman Tom Tancredo, of Colorado, Rep. Owens said. But he added that a new bill, which he introduced at the end of last month, might be more popular in the wake of the Asian disaster.

“We hope that the approaching emergency situation plus the drama of the tsunami will help change some of the attitudes about this,” Rep. Owens said. “And some of the people who opposed this legislation on the basis that they opposed immigration, will see that it is not about immigration but about coming to the relief of people who have been victims of a natural disaster.”

Meanwhile, New York’s tiny Montserratian community must wait and hope. For those not fortunate enough to have married a US citizen or to have found an employer willing to sponsor them, the coming weeks are crucial.

Pearl Ryner, 40, a refugee who works as a medical technician at the King’s County Hospital in Brooklyn, said she refused to get married just so that she can stay in the United States. But she is a single mother with four children and she does not want to uproot her family and start over again.

“I worry. I cry. I am still hoping,” Ms. Ryner said. “What do I do? Where do I begin? How do I pick four kids up and take them away? If I buy a plane ticket, where do I go? These are questions that I do not have an answer for.”

The Department of Homeland Security has suggested that because Montserrat is a British overseas territory, Montserratians should go to the UK. But the refugees say they have no relatives or friends they can stay with in the UK, and that they have made homes and started careers and lives in the United States.

If the refugees are deported to Montserrat it will be to a 35 square-mile island, two-thirds of which is buried beneath volcanic rubble and ash. The capital, Plymouth, in the south east of the island has been abandoned, and there is a housing and employment shortage.

The Soufriere Hills Volcano erupted in 1995, but the British Foreign Office website warns that the volcano remains active. Heavy rain can cause mud-flows, and people suffering from breathing problems risk airborne dust and volcanic ash. The collapse of a lava dome in 2001 spewed clouds of ash that affected Puerto Rico, a self-governing territory of the United States, 200 miles away.

Moreover continued volcanic activity is triggering landslides that have caused two tsunamis in Montserrat during the past ten years. The first, on December 26, 1997, created a wave three meters tall, which rolled northwards along the coast. The second, in July 2003, measured about four meters and traveled to Guadeloupe 30 miles away.

Sherry Coriette, 28, who works for a major retail company in New York, said that she still has not decided what to do. “I have a good job, I pay my bills,” Ms. Coriette said. “Eight years ago I left with nothing and now I am having to face starting all over again.”

Matthew Dunn, chairman of the New York Chapter of the American Immigration Lawyers Association, said that as long as there was a potential for danger, the United Sates should offer the people of Montserrat a safe haven.

“I would argue that is what our country is all about: helping and protecting people,” Mr. Dunn said. “But the biggest shame in all of this is that because there is so few of them, they do not have a big enough voice.”

Tuesday, January 15, 2008

Satire site Uncyclopedia, a parody of online encyclopedia Wikipedia, has been labeled by the Malaysian government as dangerous. The Internal Security Department of Malaysia issued the warning today, saying that the site has “messages and information insulting Malaysia”.

The warning notes the creation date of the website as being 5 January 2005, and hosted by Wikia, Inc., both of which are correct. However, it claims Wikia owns Wikipedia; Wikipedia is a charitable non-profit website owned by the non-profit Wikimedia Foundation, while Wikia is an independent, for-profit company.

The report evidently mentions that Uncyclopedia covers Malaysian “history, culture, the political leaders, the government, the national song and the name / history of the national flag,” none of which is “correct”. They accuse the website of helping to reinforce a bad international image of their country.

There are no reports of the site being blocked from access within the country, only this statement, which urges Malaysians not to circulate the content.

Uncyclopedia’s article on Malaysia begins:

The site has fired back with a parody article posted at the site under their UnNews section, titled Uncyclopedia Internal Security Department warns on Malaysia. The article suggests that the “Internal Security Department of the Uncyclomedia Foundation,” which is a facetious and fictitious parent organization of Uncyclopedia, identifies Malaysia “as a dangerous country… It warned its people not to use the country today.”

There are forty-seven individual language editions of Uncyclopedia, including Tolololpedia, which is written in Bahasa Melayu, the Malay language. This is in addition to fictional “language” editions which include Oscar Wilde, Newspeak, N00b, White Supremacist, and Re: PharmaccgRy.

Saturday, March 12, 2005

In a vote of 74-25 last Thursday, the US Senate passed a measure that would change bankruptcy laws, making it harder for individuals seeking relief from their debt burden to avoid repayment. Almost twenty Democrats joined Republicans, who currently hold a majority of the seats in the US Senate, in passing the bill.

Lobbyists for credit card companies and financial services firms have worked for the bill during the last two administrations. A similar measure passed both the Senate and House during the previous administration, but then President Bill Clinton pocket-vetoed the measure in 2000.

Democrats sought to soften the bill by allowing bankruptcy filers to negotiate directly with lenders for relief, but the amendments were defeated by the Republican-controlled Senate. Proponents of the bill claim the rise of bankruptcy filings to nearly 1.5 million a year shows that abusers of credit use the filings to shield themselves from irresponsible practices.

“There has been an explosion of bankruptcy,” said Iowa Republican Sen. Charles E. Grassley, the bill’s sponsor. “We preserve the principle of a fresh start, but we also establish a principle that if you have the ability to repay some of your debt, you are not going to get off scot-free.” However, Massachusetts Democratic Sen., Edward M. Kennedy said, “This legislation makes the bankruptcy courts of the United States the collection agency for the credit-card industry.”

The bill impacts a broad spectrum of bankruptcy law, but the most significant impact is on personal bankruptcy filings. Individuals who get behind in repaying credit card debt face high interest charges and stiff late payment fees. By only meeting minimum payment requirements, borrowers remit to the lender over the life of the loan an amount in interest and other fees that can far exceed the value of the principal balance of the loan. This can put consumers who run up high balances on various cards at financial risk of default. Critics of the bill blame these aggressive lending practices as a contributing factor in the rising trend of bankruptcy filings from 1996.

The proposed bill doesn’t only affect debtors with credit card debt.

It also affects debtors who have run up large medical bills.

Patients with a past medical history that disqualifies them from full medical coverage, can easily find themselves facing insurmountable medical bills after just a short stay in the hospital. These individuals will no longer be able to get a fresh start after these personal disasters, and will be forced to live in poverty until they can pay off their medical bills as part of their Chapter 13 filing. (Prior to this bill, they would have been able to file Chapter 7, completely discharging their debt.)

Chapter 7, which accounts for 70% of bankruptcy filings, allows individuals to eliminate most non-secured debts after liquidating assets, with the notable exemption of one’s principle residence in most states. The Senate passed bill would change Chapter 7 eligibility by applying a means-test, where those with a median income higher than the state average would be required to file under Chapter 13 provisions. Under Chapter 13 protection, an individual’s debt is not forgiven; rather it is restructured for payment under more lenient terms.

This was the first major overhaul of federal bankruptcy law in many years.

Under the old bankruptcy law, a personal bankruptcy attorney could not be held financially responsible for his clients mendacity. Under the new bankruptcy law, the bankruptcy attorney is responsible for his client’s lies to the Court about his assets and the bankruptcy attorney and his insurance carrier can be held responsible by the Bankruptcy Court.

The result is that personal bankruptcy attorneys (this does not apply to corporate bankruptcy attorneys) are likely to flee the personal bankruptcy field when the new law takes effect. Their insurance companies will not offer the sort of coverage that they would need to continue to practice.

So when consumers need to file personal bankruptcy under the new law, they will be unlikely to find a bankruptcy attorney to represent them. Consumers will have to file pro se: such consumers will be likely to fail due to the complexity of the law.

The bottom line is that the field of personal bankruptcy law as a practice area of law will cease to exist when the new bankruptcy law takes effect, and consumers will be unable to secure legal counsel and so consumers will lose what legal protections counsel now affords them.

Under the new bankruptcy law about one half million Americans will be forest to pay for at lest 5 years on longer they will be held in servitude as chattel they will be completely subservient to a dominating influence of the company that holds the loan. Their loan will be put on the market for sale for profit. The people will be forced to work harder. People who fail to go to court will have a arrest warrant made out in their name and people who refuseto pay. They will be subject to fines and or jail. About fifty thousand Americans will punished by a fine and or about three thousand Americans every year will go to jail under the new bankruptcy law. For some people this will be a third strike they will be put in jail for life.

The bill has the support of President Bush, and its passage in the House sometime next month seems likely. If enacted into law, lending companies will recover more money on what otherwise would be written off as bad loans. Those persons of median and higher income seeking relief would be required to file under Chapter 13 status and pay up to $100 per month under court imposed conditions. It is expected the proposed changes would cause a sharp increase in filings before the new law could take effect.

Tuesday, March 31, 2009

Local municipal and provincial volunteers in Manitoba, Canada are exhausted in their efforts to divert the rising waters of the Red River of the North.

It has been hard work with little sleep for the residents who live on the shores of the Red River to shore up their defences with sandbags, build dikes, clear frozen culverts and break ice jams

Volunteers to spell relief for local volunteers and food are desperately needed.

“It’s a week now we’ve been doing this … you’re talking four, five, six public works guys. In my one community we’ve got 25 volunteer firefighters and those guys have been going 24/7, so of course it’s wearing them down.” said Paul Guyader, Manitoba’s emergency measures coordinator.

“We’re dealing with one of the biggest floods the province has ever seen,” said Steve Strang, mayor of St. Clements, Manitoba “We’ve put out hundreds of thousands of bags already. The municipalities are working very well, we’re working with the provincial government, we’ve brought in every possible resource we could to address this issue. The volunteerism within the community has been phenomenal.”

The Portage Diversion has taken some spring waters from the Assiniboine River and diverted the flow to Lake Manitoba.

Roseau River Anishinabe First Nation has been totally evacuated, as well as many homes near the Canada – United States border.

The cold weather is freezing the ice jams into place. Guyader has had 2 Amphibex Excavators operating on the river breaking up ice.

The Red River is right now 16.7 feet (5 metres) above spring ice conditions. The Red River Floodway gates cannot be opened with the current ice jams.

“If we operate now, we can get ice jamming going into the floodway, jamming up against the St. Mary’s bridge, as such, the floodway capacity would be reduced and would cause higher water levels in the city of Winnipeg.” said Steve Topping, Manitoba Water Stewardship spokesman

The floodway was constructed in 1968 following the 1950 flood to divert the overflow spring flooding waters of the Red River. The floodway has been widened the since the 1997 “flood of the century” and the expansion is expected to be completed this spring. As well Manitoba built permanent dikes around communities within the flood plain since the last two major floods..

The Red River waters will crest between the beginning of April to mid April, at which time also the weather should be warming up. Communities are bracing for higher water levels, more ice jams as well as melting snow in the warmer spring temperatures.

Sunday, January 1, 2006

Russia has ended exports of natural gas to neighbouring Ukraine following a failure to reach a compromise over prices. Gazprom, Russia’s natural gas behemoth, began cutting off supplies at 7:00 a.m. UTC Sunday, January 1.

Gazprom claims to have taken this action because Ukraine refuses to pay the market rate for natural gas which is approximately four times higher than the price previously agreed upon by the two. Ukraine has stated that they are not averse to higher prices but believe they ought to be introduced sequentially. Additionally, Russia does not want to honor its contract to supply gas at $50 per 1000 cubic meters until 2008. By comparison, gas produced by OPEC costs $11.4 per 1000 cubic feet (December 28, 2005)[1], equivalent to $402.6 per 1000 cubic meters, an 8-fold rebate.

Gazprom spokesman Sergei Kupriyanov said enough gas was still being piped via Ukraine to maintain deliveries to other countries, and if they were not getting all their gas, it meant Ukraine was tapping into it. Eighty percent of Russian gas exports to Western Europe pass through Ukraine.

“We have information from the ground that shows Ukraine has started illegally siphoning off Russian gas destined for European consumers,” Kupriyanov said.

Ukraine is of the position that since Russia will not live up to the agreement to sell at $50 per 1000 cubic meters until 2008, Ukraine as a transiting country, has the right to offset the illegal cost increase with seizure of Russian assets – namely the gas going through the pipelines in Ukraine.

Sergei Kupriyanov, press secretary to Gazprom’s chief executive, said “Negotiations reach a deadlock when it comes to discussing actual figures … They have called on us to use price parameters that probably existed in the late 1990s in 2006, which is impossible … The price of gas and other energy resources has risen considerably over the past few years.”

The dispute is also tied to the political situation between the two countries. Although a private business, the largest individual shareholder in Gazprom is the Russian government which owns slightly less than 40%. The dispute was further politicized by the personal intervention of Vladimir Putin who offered Ukraine the chance to delay paying market prices for a further three months. Critics of the current Russian government have argued that Gazprom’s action has been an attempt to punish Ukraine for forging closer links with the West following the Orange Revolution. Putin’s advocates, however, have argued that the status quo is akin to a budgetary transfer between the two governments and costs Russia about US$4.5 billion per year. Special European commission has already counted gas independently,and confirmed its loss. But Ukraine disagrees,saing,that it is unjust.German Kanzler Angela Merkel hopes,that the conflict will end soon. And a recent poll conducted by VTSIOM suggests that 80% of Russian citizens support the move by Gazprom. Ukraine has threatened to retaliate by raising the rent that Russia’s navy pays to use the Ukrainian port of Sevastopol as headquarters for its Black Sea fleet, and refusing to repair Russian rockets, which can be repaired only there.