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Wikinews Shorts: December 9, 2008

A compilation of brief news reports for Tuesday, December 9, 2008.

 Contribute to Wikinews by expanding these briefs or add a new one.

The United States media group Tribune Company has filed for bankruptcy protection on Monday as it struggled to sort out its US$13 billion debt. It is the second-largest newspaper publisher in the United States, responsible for the Chicago Tribune and the Los Angeles Times, among others.

The firm has been hit hard by the industry-wide slump in newspaper advert revenues this year. Sam Zell, the billionaire who owns Tribune, took out large loans in order to buy the firm back in June of 2007.

The United States Chapter 11 bankruptcy protection law states that a company can continue trading whilst it sorts out its finances.

Sources

  • “US publisher in bankruptcy move” — BBC News Online, December 8, 2008
  • “Tribune files for Chapter 11 bankruptcy” — MarketWatch.com, December 8, 2008

 This story has updates See Quebec’s Liberal premier Jean Charest wins third term 

The Quebec general election is underway in the Canadian province of Quebec. Premier Jean Charest called the elections, saying he needed a majority to guide Quebec through a period of economic difficulties caused by the worldwide financial crisis.

Polls indicate that the Charest may obtain a majority, with support for his Quebec Liberal Party increasing to 45%, while support for the Parti Québécois remains at around 30%.

The polls will close at 01:00 GMT (20:00 local time), and the results will probably come in soon after that.

Sources

  • “Quebec voters head to the polls” — BBC News Online, December 8, 2008
  • “Quebec votes in provincial elections” — Agence France-Presse, December 8, 2008

The United States government is reportedly close to an agreement for a US$15 billion bailout plan for the country’s three largest auto firms.

According to a draft obtained by the Associated Press, the deal would give loans to Detroit‘s struggling Big Three automobile manufacturersFord, General Motors, and Chrysler — but under the condition that the auto industry restructures itself to survive. Another condition is that the incumbent US President, George W. Bush, would appoint an overseer to supervise the effort.

Analysts suggest that the agreement could be signed into law by the end of this week.

Sources

  • “White House cool to plan for auto bailout” — MSNBC, December 8, 2008
  • “US car bail-out nears agreement” — BBC News Online, December 8, 2008

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Indonesia shuts down 4 airlines and grounds 5 others over safety concerns

Thursday, June 28, 2007

Indonesia has shut down four airlines and grounded five others with the potential of similar licence revocations for failing to meet safety standards.

The largest company to lose its licence is Jatayu Gelang Sejahtera. The other companies are all small airlines operating only aircraft with a passenger capacity of fewer than thirty, and are Aviasi Upataraksa, Alfa Trans Dirgantara and Prodexim. The companies that were grounded pending either improvements or licence revokation are Germania Trisila Air, Atlas Delta Setia, Survey Udara Penas, Kura-kura Aviation and SMAC, all of which also operate only aircraft with under-30 passenger capacities. They have three months to improve, or their licences will be revoked.

Jatayu had already ceased operations in August, but had intended to restart with a 150-seat Boeing 737. The licence was revoked because the state requires at least two aircraft to be commercially operated and because of the fact that it “was lacking in pilots and human resources”. Also, the age of the jetliner meant that it would require a test called a ‘C-Check’ before it could begin commercial services, at a cost of $120,000.

The action comes as the result of a number of air crashes, namely the Adam Air Flight 574 disaster in which 102 people were killed, and the Adam Air Flight 172 accident, in which a plane snapped in half during a hard landing, but managed to hold together, thus preventing any serious injuries. As a result, all 54 of Indonesia’s airlines were given a safety rating, with a level-1 rating meaning no action was needed, a level-2 rating meaning the airline needed to make some improvements, and a level-3 rating requiring that the airline be shut down unless improvements were made within three months. Most airlines received a level-2 rating, while none received the top rating. Adam Air was among the airlines to receive the level-3 rating, but was upgraded to tier 2 at the same time as the groundings.

Meanwhile, state-owned Garuda Indonesia is now the only airline to have a type-1 rating, despite the fatal crash of Garuda Indonesia Flight 200 in March. According to the Indonesian Transport Ministry’s Director General for Aviation Budi Mulyawan Suyitno, Garuda now satisfied 84 percent of civil aviation standards.

The ratings have been based on such criteria as surveillance, ramp checks, personnel, department safety, number of accidents and number of serious incidents, according to the BBC. Meanwhile, Flight Global is reporting that, according to Directorate General of Air Communications (DGAC) director of air certification office, Yurlis Hasibuan “20 criteria including whether the airline has developed [better] safety and human resources” are checked.

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5 Must Have Wholesale Urban Clothing Brands

Find Out More About:

By John Peter

The Urban wear clothing is not some thing that is very new in the society. These are some of the trendiest and the hottest looking clothes that one can look out for. These urban wear clothes are truly inspired by the street culture.

It may be said that the urban wear clothing is an extension of the hip hop culture and if you are into hip hop music and/or extreme sports I am sure I need not really waste a minute more in explaining what this urban clothing is all about. These are expressive and bold designs which uphold the ‘I have my own specific issues’ theme in them. In case you have a different outlook then you might as well consider them pretty serious too in their own unique ways.

Here we are going to list down 5 must have wholesale urban clothing brands which have been the pioneer in the case of the particular dressing culture. These brands have maintained the aggressiveness along with the flamboyance in the designs of the clothes that they have put up in the market.

— Ecko – This brand is primarily associated and identified to carry a particular urban style and culture. Marc Ecko is the creative force behind the Ecko Clothing brand. This brand has now expanded to include several other lines as well.

[youtube]http://www.youtube.com/watch?v=rmTg-qHcGs4[/youtube]

— Vokal – However apart from them there are other leaders too in the market who are relatively new compared to the brands mentioned above. Such as the Vokal they have done their bit to ensure expansion of the urban clothing culture which is to include the high end velour, fleece lounge wear and denims along with the athletic jerseys of vivid color.

— Baby Phat – Baby Phat is the world’s top brand for female urban hop hip clothing. Baby Phat has all its aims centering the creation of a real blend of the hip hop style along with the more sophisticated metropolitan fashion which would create a more refined urban look for the people who chooses their products in the market. Because of its sexy and stylish designs, Baby Phat has become the most happening brand amongst women all over the world.

— Rocawear – Rocawear has rocked the urban fashion world for over a decade now. This brand symbolizes a lifestyle that was launched off the astounding sensation of Shawn “Jay-Z” Carter.

— Akademiks – This is one of the most well known brands in the urban clothing market these days and is extremely popular among youngsters.

In the conclusion I would like to stay that style is not confined to one specific look or brand. There are a lot of good brands available in the market today and it all depends on what exactly it is that you are looking for. Trust me all these brands are in a war to create some thing new and different that the others in the market. Thus style is ever changing.

About the Author: Quick Recap: The 5 must have

Wholesale Urban Clothing

brands are: –Ecko- Top in particular urban style and culture. –Vokal- Done their bit to ensure expansion of the urban clothing culture. –Baby Phat- the creation of a real blend of the

Wholesale Hip Hop Clothing

style. –Akademiks- known brands in the urban

Wholesale Urban Clothes

market.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=461062&ca=Business

Gastric bypass surgery performed by remote control

Sunday, August 21, 2005

A robotic system at Stanford Medical Center was used to perform a laparoscopic gastric bypass surgery successfully with a theoretically similar rate of complications to that seen in standard operations. However, as there were only 10 people in the experimental group (and another 10 in the control group), this is not a statistically significant sample.

If this surgical procedure is as successful in large-scale studies, it may lead the way for the use of robotic surgery in even more delicate procedures, such as heart surgery. Note that this is not a fully automated system, as a human doctor controls the operation via remote control. Laparoscopic gastric bypass surgery is a treatment for obesity.

There were concerns that doctors, in the future, might only be trained in the remote control procedure. Ronald G. Latimer, M.D., of Santa Barbara, CA, warned “The fact that surgeons may have to open the patient or might actually need to revert to standard laparoscopic techniques demands that this basic training be a requirement before a robot is purchased. Robots do malfunction, so a backup system is imperative. We should not be seduced to buy this instrument to train surgeons if they are not able to do the primary operations themselves.”

There are precedents for just such a problem occurring. A previous “new technology”, the electrocardiogram (ECG), has lead to a lack of basic education on the older technology, the stethoscope. As a result, many heart conditions now go undiagnosed, especially in children and others who rarely undergo an ECG procedure.

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Wikinews interviews Kent Mesplay, Green Party presidential candidate

Sunday, June 29, 2008

While nearly all coverage of the 2008 Presidential election has focused on the Democratic and Republican candidates, the race for the White House also includes independents and third-party candidates. These prospects represent a variety of views that may not be acknowledged by the major party platforms.

Wikinews has reached out to these candidates throughout the campaign. We now interview Green Party Presidential candidate Dr. Kent Mesplay.

Why do you want to be President?

I run for president to help improve society, pointing out that we are more secure when we live in a sustainable manner. As of this writing our culture is based on the consumption of limited materials such as petroleum, coal and uranium with great emphasis placed on the consumption of “goods” that are produced and purchased with little regard for the well-being of future generations. Government, ideally, provides an independent, objective forum through which solutions to the needs and wants of our time can be raised, discussed and implemented in a thoughtful, respectful manner. In contrast to this ideal, our current central, national government exists largely to protect and preserve the status quo of relatively few stake-holders, having undue political influence and acting in a manner not in the best interest of the majority of people. We cannot blindly consume our way to peace and stability.
A Green presidential administration would put the needs of current and future generations above the rude demands and expectations of the well-heeled political donor class. It is not important that we have a new president bearing the face of change. We need vital, core change to our political institutions to decentralize control, empower rational science-based decision-making and cut the damaging influence of corporate money on public policy. This change is unlikely to arise from within the current two political parties that are intrinsically corrupted by the ubiquitous “greased-palm” bribing handshake with corporate entities. We need to only ask how many corporate media conglomerates regularly advertize the question, “Should a corporation have the legal status of a super-person?” to realize the extent of the current dilemma. A corporation should never have been considered to have the legal rights of an individual. The Green Party is independent from business interests. This political arm of the environmental, peace and justice movements represents meaningful change to public policy and to our fragile, centralized, short-sighted way of life.
Green solutions are largely local solutions: more community gardens and small farms, reasonable use of fresh water, grey-water and waste-water, including more water storage and community responsibility for the entire water stream, energy-efficient housing and transportation, health care for all, protecting besieged ecosystems. Practically, what this means is a higher base-line of essential services with the costs shared and supported broadly. To be clear, our basic physical security deserves support, not gaming at the hands of profiteers. A common wealth for all citizens is possible, with local regional flavors in commerce and culture atop this “baseline” of security. To be danced out of the way, one finds the current heavy-handed players of agribusiness, pharmaceuticals, energy, insurance and the congressional-military-industrial complex all dependent upon “corporate socialism” for subsidies and protection from real, meaningful, positive change and shielded from probing questions as to why, for example, we so frequently go to war.
Mottos include “sustainability is security” and “freedom to debate.” I run to help define, popularize and grow the Green Party, to be an advocate for: single-payer health-care, renewable energy, increased energy efficiency, rail transport, organic local agriculture, indigenous rights, wise water use, banning lobbying/bribery, over-turning the legal fiction that a corporation is a person, and equal media exposure for all political candidates, having open debates between all political parties and beating those “swords into plowshares” by focusing on improving diplomacy, communication and basic physical security in water, food and energy in particular to mitigate the negative effects of global climate change and to provide emergency readiness. Also, I get bored easily and this keeps me busy.

Have you ever run for political office before? (President, senate, congress, city councillor, school trustee… etc.) Have you ever been a member of a political party, other than the one you’re currently in?

I ran for president in 2004 and 2008, being one of the four “finalists” at the nominating conventions. Also, I ran for U.S. Senate in California as part of a contested race in the Green Party Primary Election in 2006. I plan to run for U.S. Congress in 2010 and I am now taking the steps to begin running for the 2012 presidential race. I have been a member of both main U.S. parties and I cannot adequately express my disgust for them both. I encourage people everywhere to register Green, vote Green and support Green Party efforts at achieving and maintaining ballot access within the current hostile political environment. Ideally, we can together displace one of the two major parties; such is the near-majority level of disapproval of the antiquated mainstream parties and the desire for a true alternative.

Have you ever campaigned for another political candidate?

In 1996 I helped organize a press conference for then-presidential candidate Ralph Nader, after having helped support efforts to draft him as a candidate.

What skills or ideas do you bring from this position, or previous positions, that will benefit the Oval Office?

I believe in the separation of power within government, including economic power. Due to the influence of money in politics and within government we do not have a political system that works well to advance the needs and concerns of “we the people.” There are few, muted voices within our government supporting the dispossessed, the disenfranchised, the “left out,” the lower echelon within our socio-economic strata. Especially now, with high energy costs, questionable food supplies, shredded social safety nets, job loss due to outsourcing and other losses, loss of civil liberties and rights, the consolidation and concealment of governmental power, the “fascist” confluence of military-industrial business with governmental power, threats of unstable weather, retaliation by terrorists and opportunistic foreign governments following our model it is a good time to not be silent. I have lived with and among many different cultures, religions and peoples, I have a multi-cultural background and a mixed ancestry, I value art, music and science, I am both intuitive and analytical and I enjoy solving problems. Our nation would benefit greatly from my services. Plus, I am not “on the take.”

Campaigning for the American presidency is one of the most expensive exercises in the world. How do you deal with the cost and fundraising?

Small contributions from many people not expecting a return of favors approximates public funding of campaigns. In order to “get the word out” about my existence as a candidate it is necessary to adapt and adopt alternative, low-cost strategies. With my campaign team steadily growing I anticipate utilizing modern low-cost communication methods to help “spread the word.” Fund-raising is among the least palatable activities that I have to endure as a candidate and I will be the first to admit that I have done very little fundraising. The reader who is a U.S. Citizen of voting age is encouraged to support my candidacy by visiting my web site, www.mesplay.org, and making a small donation in accordance with Federal Election Commission guidelines. Also, simply e-mailing friends helps tremendously with these small campaigns.

What are you/were you looking for in a running mate?

My running mate would likely represent a demographic that I do not, such as being female and non-white, since I am a white male. As to character and experience, I would want to be supported by someone with great practical public experience who has remained in integrity with the original idealistic hopes and dreams that once drew them into the public eye or political arena.

Can you win the 2008 Presidential election?

I can win the 2008 presidential election by becoming the Green nominee, by inspiring otherwise non-voters to register Green and to grow Green Parties in those states where they are not yet granted ballot access and to subsequently vote in some creative, time-urgent manner circumventing the severe limitations put on candidates and parties by the secretaries of state through the country. I would have to win many of the states where the Green Party is on the ballot and I would have to find a manner allowing erstwhile green voters to legally vote in those states where we are not on the ballot.

If you can’t make it into the Oval Office, who would you prefer seeing taking the presidency?

I cannot support candidates who foolishly support nuclear power and weapons, who do not recognize the need for peace and who do not offer real, meaningful, substantive systemic change.

What should the American people keep in mind, when heading to the polls this November?

When heading for the polls this November U.S. citizens should support Green Party candidates, policies and values. Thank you.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

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Ontario Votes 2007: Interview with Liberal candidate Kate Holloway, Trinity-Spadina

Monday, October 1, 2007

Kate Holloway is running for the Ontario Liberal Party in the Ontario provincial election, in the Trinity-Spadina riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

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Teachers at Australian school shocked at no warning over redundancies, can apply before ‘externals’

This article’s primary contributor, Patrick Gillett, is an alumnus of Sunshine Coast Grammar School.

Monday, August 30, 2010

A deal between Sunshine Coast Grammar School headmaster Nigel Fairbairn and the Independent Education Union of Australia has ended a week of uncertainty for 22 of the Queensland, Australia school’s staff.

Last week Wikinews obtained a list of 22 middle management teaching staff allegedly made redundant, or laid off due to restructuring. The restructuring is, apparently, designed to get teachers back into the classroom.

During the week, staff, students, alumni and parents had accused the headmaster of being dishonest and not “tak[ing] a single question” on the issue.

“At 10am there were 21 teachers with big question marks over their employment but by 1pm they had the assurance they would be able to apply for new positions before external applicants,” union secretary Terry Burke said. “Mr Fairbairn said it was clearly the school’s preference to continue the employment of existing staff. It is our view the existing staff are more than capable of taking on the new positions.”

Sunshine Coast Grammar is a private Christian school approximately 95 km (60 miles) north of the state capital, Brisbane.

Teachers at Sunshine Coast Grammar school have told the Sunshine Coast Daily that they received no warning of any pending redundancies. Independent Education Union of Australia representative and school careers counselor Maria Campanini said “teacher morale is very low and people are very disappointed and disillusioned”.

Ms Campanini said that staff were saddened by the handling of the situation by headmaster Nigel Fairbairn. “We got an email announcing a meeting and I thought it would just provide some feedback about the review,” Ms Campanini said. “But the 21 teachers whose jobs were directly affected were herded into a room, Mr Fairbairn read out a prepared statement, turned on his heel and left. He didn’t take a single question. We were just left sitting there in shock.”

An anonymous staff member told the Sunshine Coast Daily that, “Some teachers, who rely on the income and whose positions were abolished, were very distraught and they had to go to class. It appears we’re not valued in the school community, not to be even asked our opinion as to what might be the best outcome, to try and make it work.”

According to Ms Campanini, one of the teachers being made redundant is 30 weeks pregnant with another returning to work after maternity leave. “It’s really stressful for all the people involved,” Ms Campanini said. “People can understand the need for restructure when it’s explained, but we’re none the wiser.”

“When it all happened on Friday, it was morning tea time and a lot of us had to go back in the classroom and teach all afternoon,” the anonymous staff member said.

Parents have accused Fairbairn of constantly changing his version of events, with one telling the Sunshine Coast Daily that, “The school board does not have independent parents on the board, which makes no sense at all. From what I have gathered, Mr Fairbairn is not interested in having parents involved in the decision-making processes.”

Mr Fairbairn is trying to go into damage control and his story keeps changing. He’s told parents this restructure was not financially motivated but has told teachers the complete opposite thing. This is it. The gloves are off.

“Mr Fairbairn is trying to go into damage control and his story keeps changing,” said Julie Hopkins, another Grammar parent. “He’s told parents this restructure was not financially motivated but has told teachers the complete opposite thing. This is it. The gloves are off.”

Wikinews obtained a list of middle management staff allegedly made redundant, or laid off due to restructuring, by the Queensland, Australia school. Sources say that those staff have been told that they can apply for new positions that have opened up.

The list, published on the SCGS alumni Facebook page, contains the names of twenty-two staff members. Seventeen positions are reportedly being opened up, eight of which seem to significantly overlap the old ones.

Mr. Fairbairn “replaced the open and welcoming culture … with the tyrannical and oppressive one.”

The changes are, apparently, designed to get teachers back into the classroom. “We are not cutting subject choices and extracurricular activities, but retaining a student-driven curriculum that integrates with the new Australian Curriculum, in keeping with our commitment to teaching and learning opportunities,” said headmaster Nigel Fairbairn.

Wikinews understands that Fairbairn attracted criticism when he was a head teacher in Christchurch, New Zealand, where a former student claimed that Fairbairn “replaced the open and welcoming culture … with the tyrannical and oppressive one.” Fairbairn refused to comment on the criticism.

People are angry and shocked. I am aware of at least 10 families who have said they will pull their children out of the school – it’s that bad.

Fairbairn’s statement came under attack from 2009 graduates who, in a open letter posted on Facebook, said, “It is also hugely hypocritical to attack these teachers for not spending enough time in the classroom, when from firsthand experience the only time Mr. Nigel Fairbairn was ever sighted was during assembly (which he mysteriously stopped attending), never mind in the classroom, therefore, it is honestly astounding that he could make such unjust and incorrect statements.”

They also expressed embarrassment “to be associated with the name ‘Sunshine Coast Grammar School’ while you are at the head of the great community which Grammar once was.”

Four of the affected teachers “were the backbone of the school when [controversy surrounded founding headmaster John Burgess] happened,” a former prefect (student leader) said. “They got it through that crisis and this is the thanks they get.”

“People are angry and shocked,” they continued. “I am aware of at least 10 families who have said they will pull their children out of the school – it’s that bad.”

The student body has not ruled out protesting the schools plans. “It’s getting to that stage,” the former prefect said. “People are trying to look at it in an intelligent way but there is so much anger out there.”

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The Complete Guide To Choosing An Online Stock Broker

We are a generation of fast-paced technology and quick transactions. The transition from searching for reports in the systematic manner in the library for hours to saying “hello google” has been quite rapid. The financial market is not unknown to this changing attitude as well. Since the world saw an immense growth in the online system especially during the year of 2020, the online game changers have been the online stock brokers. Launched during the last decade and evolving in their functionality, they have their fair share in the market. What’s in it for you is that this particular decision could be the difference between an exciting source of income or a frustrating disappointment. While there is no magic trick to make quick profits, there is a still a way to set yourself a way to succeed. First, let us understand who these online stock brokers are and how they make a difference.

Who are the Online Stock Brokers? How are they different from the traditional brokers?

In plain terms, an online stock brokers is the one that interfaces with customers over the Internet instead of face-to-face. They work same as the middlemen like the traditional brokers but operate online but the work ability is quicker and efficient. They have a faster processing of trades and have greater control to execute any function. It is also convenient for you as you can place orders, check quotes and make changes from anywhere you want to. It is far easier now than ever to open an online brokerage account. Some of the common example are Zerodha, Upstox, Angel Broking, IIFL, etc.

The steps you need to know to choose your perfect online broker

There are several steps attached to choosing the right online broker which requires some due diligence to get the most for your money and investment:

Step 1: List down what you need

Before diving into this pool of brokers you must analyse where you stand in terms of your experience. As a rookie, you will be looking for basic education resources, easy practices to trade, support staff and other methods to check the level of the platform but as an experienced investor, you might want to look at the condition of order options, the fixed-income securities and ability to trade derivatives, mutual funds and others. You need to be honest with yourself and keep refining your goals as you will face further questions in your journey. Some questions you might have to answer yourself are:

  • Are you looking for a full time investing experience daily or a long hold position?
  • What is your experiences and what kind of trades you wish to execute?
  • What are your goals and what are you choosing investing for?

Once you are clear with the solutions of these questions, you’ll yourself be able to distinguish between the platforms.

Step 2: Negation works well

Remember when in the MCQs, you didn’t know an answer so you removed the ones which seemed far-fetched and came down to 2 out of 4. Similarly, you can narrow down the brokers based on the services you are looking for. One should check out if the brokerage firm a member of the Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FIRA), and offers checking or saving accounts covered by the Federal Deposit Insurance Corporation (FDIC). You should also question on their insurance policy, protection against fraud and the reviews of their current customers. Some other points to look at are:

  • Technology used to keep your account safe.
  • If the company selling your information (Beware of that)
  • What kinds of account does the broker offer beside the standard investment accounts?

Step 3: Figure out the Fees

A clear idea should be there in your mind when you have to pay a higher or a lower price for the same features on different platforms. Also, you would like to lose as little of your investment returns as possible to accounting fees and trading commissions. There are several charges attached so note these ones to compare and consider:

  • Fees for opening an account
  • The minimum amount of balance to be kept
  • Annual and monthly charges accompanied
  • The margin rates and the minimum loan amount
  • The factors on which trading commission depends
  • Commission rates for different securities
  • Are there any free or reduced priced trades?
  • What is the costing for the advisory services?

Step 4: The Platform is the Master

The access of online brokers requires everyone to have a fast processing interface which provides easy accessibility and have variety of tools. One must analyse all the platforms, their tools, their packages, features and how the trade is taken place on those platforms. Some questions you might ask yourself here are:

  • Do the platform allow to trade all types of securities?
  • Do you have a real time screening of the stock prices?
  • Can you set up watch list and alert for further news and notifications?
  • Kinds of orders that you can place
  • Your control over the whole trade transaction
  • And other features as available

Step 5: Education Component

Consider yourself who wants to inquire and know about certain terms, will you keep on switching between tabs or want them altogether at one place? User-friendly is one thing but to search the broker’s platform to know about the educational offerings, the source of the information, the accessibility of the information, and the beginner’s guide to investing.

Step 6: The Ease of depositing and Withdrawing Funds

To transact is to deposit and withdraw and you should compare the modes through which you can deposit your money, the duration for your deposited funds to settle, the regular checks of the funds, the duration for your sale of investments to settle and the ease to withdraw funds.

Step 7: Customer Service

Till this point, you might have made your choice but if you still not there, you might consider during and after services of the online broker. See if they are easily available around the clock or not is there any reporting system if you are into any troubles or an automated number for general queries.

Should you prefer them in the long run?

With the progress, there lies some insecurities as well. To trust, it needs care and you need to be careful to avoid any scammers out there. There are many online broking platforms out there but you must be aware not to get trapped in the web of low price or additional features. Check the authenticity because it’s your money after all.

Conclusion

Since we know all about the online broking system and how to select the best one for us, what are you waiting for? It is time for you to select the best of the best and invest in the company of your profitable choice. Keep refining your market knowledge with legal, financial and daily news where you get to learn through which you earn. For any further doubts or queries, if your online stock broker is not able to provide it, you know the right place to come to.

Japan to use renewable energy

Tuesday, August 16, 2011

A new law which seeks to utilise reusable energy and minimise cost impact on consumers is under development in Japan. The new law, which would be effective from July 1 next year, would seek to reduce Japan’s dependency on nuclear power.

The new legislation would urge power utilities to cut costs by purchasing renewable energy from outside companies and private businesses. Japan’s decision has been referred to as opening the door on renewable energy, which currently only contributes to six percent of Japan’s energy sources.

Politicians have amended the bill, allowing the revised bill to pass through parliament later this month. Prime Minister Naoto Kan who is pushing for the bill to be passed in return for his resignation, has stated that the ‘feed-in-tariff on renewable energy will be set at a fixed price so that utilities are limited to purchasing electricity from renewable power generators. Kan hopes that this will encourage more business and private corporate partners to enter into the renewable energy market.

“As a medium-term revolutionary energy and environmental strategy, we have decided to start a thorough review of nuclear power policy and draw a roadmap for a reduction of the dependence on nuclear power” Mr Kan said.

Large companies are concerned about the new legislation as it will continue to affect profit margins which are low due to power shortages and high priced exports. The bill was changed to reduce the surcharge for large power companies after complaints from the Japanese steel industry. If the scheme is launched then consumers will face an increase on electricity bills as utilities can pass their costs onto end-users. Despite the governments promise to cap the surcharge for the next ten years, there is no reference to it in the revised bill.

Lawmakers hope that by adding a provision requiring utilities to streamline their operations, the impact on consumers will be minimized.

A third party group will be set up within the under the Agency for National Resources and Energy to ensure that the setting of fixed prices are fair and just.

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