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Calls for corporate tax reform in Australia goes unheeded
Apr 22

Friday, May 12, 2006

Peter Costello’s budget announcement has led to rejoicing for small businesses, but the lack of joy for those pushing for radical corporate taxation reform has led to many businesses asking “what about us?”

Personal taxation and small business have been the big winners after this year’s federal budget. Although dampened by the twin economic threats of rising interest rates and petrol prices, there should be a reasonable amount of real income savings for both low and high income earners, with those receiving Medicare, or a superannuation benefit, privy to an even lower level of taxation (0% for those on super benefits).

Small business also has benefited from the Howard government’s 11th annual budget, with them receiving a higher level of reducing depreciation, leading to a higher level of deductions in the years following the uptake of new technology or other capital. They are also privy to a AU$435 million dollar tax cut to compensate for their changing accounting requirements under the government’s new AIFRS reporting standards, as well as increasing the uptake of both the small business tax relief scheme and CGT (Capital Gains tax) Concessions.

The budget was not a complete loss for big business however, as superannuation laws have been tweaked to streamline contribution and payment rules previously impeding those with multitudes of staff.

But this is not enough, says Big 4 accounting firm Ernst & Young. In their newly published paper “Taxation of Investment in Australia: the need for ongoing reform”. In it they lead the charge for a greater streamlining and organization of the corporate tax system in Australia, submitting that it will lead to reductions in “disincentives to work save and invest in Australia [as well as improving] the international competitiveness of Australian businesses.” This follows from a recent report brought out by Mr. Costello himself about the need for tax reform in Australia.

A budget night Mr. Costello was notably coy about any future reform of corporate tax in Australia. He alluded to the report by his ministers but kept from outlining the government’s plan precisely.

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Mysterious power failure takes down Wikipedia, Wikinews
Apr 20
This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Wednesday, February 23, 2005

On Monday, at 10.14 pm UTC, the Wikimedia server cluster experienced a total power failure, taking down Wikipedia, Wikinews, and all other Wikimedia websites.

The servers are housed in a colocation facility (colo) in Tampa, Florida, USA. They occupy two racks, with each rack receiving electricity from two independent supplies. However, both supplies have circuit-breakers in them, and both opened at the same time, leading to a total power failure. All computers immediately went down. It’s normal for fire safety regulations to prohibit uninterruptible power supplies in colos, with the colo providing its own UPS and generator instead. The circuit breakers were on the computer side of this emergency power system, so none of the computers continued to receive power to survive the breaker trip or shut down safely.

The actual reason why the circuit breakers tripped is currently unknown.

When power was restored, it was discovered that most of the MySQL databases that store the data which makes up Wikipedia et al had been corrupted. The main database and the four slaves had all damaged the data on their hard disk drives beyond the ability of the auto-correction to repair. Only one copy survived safely, on a machine that is used for report generation and maintenance tasks, which remained 31 hours backlogged while catching up after an unusually heavy update load during the previous week.

Volunteer Wikimedia engineers worked through the night rebuilding the databases from the sole good copy onto the other servers. The Wikipedia database is over 180Gb in size, making the copying process last 1.5 – 2 hours for every server it was performed upon.

Regular back-ups of the database of Wikipedia projects are maintained – the encyclopedia in its entirety was not at risk. The last database download was made on February 9; all edits since then could only have been laboriously rebuilt from logs and recovered from the damaged database requiring much more time and effort.

Limited read-only service was established late Tuesday afternoon, with editing becoming possible 24 hours after the power failure. Final repairs continue now, as well as upgrades to prevent similar issues in the future. Server-intensive features, such as categories and ‘watchlists’ that display recent changes to selected articles to registered users, remain disabled to ease the load on the recovering systems.

The process which led to the damage originated with the operating system, disk controllers, or hard drives failing to flush the data correctly.

If the power to a database server is cut mid-write, the database may be corrupted and unreadable, however the operating system, hardware, and software are designed to make this very unlikely. In a previous incident in 2004 power was also lost to a server but the database was undamaged.

To avoid such damage, each database server saves a copy of an edit to be applied to the database on a separate storage system before making the actual update to the database itself. This so-called ‘write-ahead logging’ should ensure that in the event of a system crash, the database can be rebuilt from a ‘last-good’ state by replaying the edits saved in the log.

Earlier this year popular blogging site LiveJournal suffered a similar power failure when another customer at their colocation facility pressed an Emergency Power Off button, intended for use only by firefighters. The company suffered database corruption similar to that seen at Wikimedia.

LiveJournal are now fitting UPS to their servers to ensure that they have time to shut down safely in the event of a power failure. Wikimedia was said to be investigating the possibility of fitting similar equipment at the time of this failure.

Several pundits have suggested that the use of another database, such as the proprietary database Oracle or the free PostgreSQL, would have avoided the database corruption seen at the server cluster. A post-mortem of the incident show the failure was in the operating system, or the hardware, or some combination of the two. LiveJournal, which also uses MySQL, reported similar database corruption after their power cut.

The Wikimedia foundation only allows the use of free software on its systems, and future versions of the Mediawiki software will support the PostgreSQL database.

Users are reminded that during times of system failure or excessive demand, they can still search Wikipedia using Google. The articles may be viewed using Google’s cache.

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Mysterious power failure takes down Wikipedia, Wikinews
Apr 20
This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Wednesday, February 23, 2005

On Monday, at 10.14 pm UTC, the Wikimedia server cluster experienced a total power failure, taking down Wikipedia, Wikinews, and all other Wikimedia websites.

The servers are housed in a colocation facility (colo) in Tampa, Florida, USA. They occupy two racks, with each rack receiving electricity from two independent supplies. However, both supplies have circuit-breakers in them, and both opened at the same time, leading to a total power failure. All computers immediately went down. It’s normal for fire safety regulations to prohibit uninterruptible power supplies in colos, with the colo providing its own UPS and generator instead. The circuit breakers were on the computer side of this emergency power system, so none of the computers continued to receive power to survive the breaker trip or shut down safely.

The actual reason why the circuit breakers tripped is currently unknown.

When power was restored, it was discovered that most of the MySQL databases that store the data which makes up Wikipedia et al had been corrupted. The main database and the four slaves had all damaged the data on their hard disk drives beyond the ability of the auto-correction to repair. Only one copy survived safely, on a machine that is used for report generation and maintenance tasks, which remained 31 hours backlogged while catching up after an unusually heavy update load during the previous week.

Volunteer Wikimedia engineers worked through the night rebuilding the databases from the sole good copy onto the other servers. The Wikipedia database is over 180Gb in size, making the copying process last 1.5 – 2 hours for every server it was performed upon.

Regular back-ups of the database of Wikipedia projects are maintained – the encyclopedia in its entirety was not at risk. The last database download was made on February 9; all edits since then could only have been laboriously rebuilt from logs and recovered from the damaged database requiring much more time and effort.

Limited read-only service was established late Tuesday afternoon, with editing becoming possible 24 hours after the power failure. Final repairs continue now, as well as upgrades to prevent similar issues in the future. Server-intensive features, such as categories and ‘watchlists’ that display recent changes to selected articles to registered users, remain disabled to ease the load on the recovering systems.

The process which led to the damage originated with the operating system, disk controllers, or hard drives failing to flush the data correctly.

If the power to a database server is cut mid-write, the database may be corrupted and unreadable, however the operating system, hardware, and software are designed to make this very unlikely. In a previous incident in 2004 power was also lost to a server but the database was undamaged.

To avoid such damage, each database server saves a copy of an edit to be applied to the database on a separate storage system before making the actual update to the database itself. This so-called ‘write-ahead logging’ should ensure that in the event of a system crash, the database can be rebuilt from a ‘last-good’ state by replaying the edits saved in the log.

Earlier this year popular blogging site LiveJournal suffered a similar power failure when another customer at their colocation facility pressed an Emergency Power Off button, intended for use only by firefighters. The company suffered database corruption similar to that seen at Wikimedia.

LiveJournal are now fitting UPS to their servers to ensure that they have time to shut down safely in the event of a power failure. Wikimedia was said to be investigating the possibility of fitting similar equipment at the time of this failure.

Several pundits have suggested that the use of another database, such as the proprietary database Oracle or the free PostgreSQL, would have avoided the database corruption seen at the server cluster. A post-mortem of the incident show the failure was in the operating system, or the hardware, or some combination of the two. LiveJournal, which also uses MySQL, reported similar database corruption after their power cut.

The Wikimedia foundation only allows the use of free software on its systems, and future versions of the Mediawiki software will support the PostgreSQL database.

Users are reminded that during times of system failure or excessive demand, they can still search Wikipedia using Google. The articles may be viewed using Google’s cache.

Retrieved from “https://en.wikinews.org/w/index.php?title=Mysterious_power_failure_takes_down_Wikipedia,_Wikinews&oldid=4550382”
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Filing Chapter 11 Bankruptcy To Restructure Business Debts} Apr 20

Submitted by: Simon Volkov

Chapter 11 bankruptcy offers protection from creditors to individuals and companies carrying substantial amounts of debt. Often referred to as ‘reorganization bankruptcy’, Chapter 11 gives debtors the opportunity to reorganize debt to regain financial stability.

When debtors make use of Chapter 11 bankruptcy they are permitted to retain personal and business property including residential and commercial real estate, business equipment, and automobiles.

In 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act was implemented to curb bankruptcy abuses. BAPCPA requires all debtors to participate in credit counseling; file a proposed payment plan through the court; and acquire bankruptcy confirmation through the creditor committee established by the U.S. Trustee.

Filing a Chapter 11 petition is more expensive and time intensive than other bankruptcy chapters. Debtors must comply with rigid guidelines and payment demands to prevent failing out of bankruptcy. If this occurs, debtors lose protection from the automatic stay and creditors are granted permission to repossess property or file claim to obtain a judgment.

[youtube]http://www.youtube.com/watch?v=eF5SJOdXY7c[/youtube]

It has been reported that less than 10 percent of people that file Chapter 11 fulfill their financial obligations. The low success rate is due in part by the fact that Chapter 11 is primarily used by large corporations and extremely wealthy people. Some of the more prominent entities that have utilized this bankruptcy chapter include Lehman Brothers, Washington Mutual bank, and Reader’s Digest.

Once Chapter 11 petitions are filed through the court they need to be confirmed by the U.S. Trustee creditor committee. Members of the committee cast votes to grant or deny proposed payment plans. Petitioners are required to file a disclosure statement that documents data surrounding the types of assets owned, outstanding liabilities, and financial projections.

Disclosure statements are vital for acquiring bankruptcy confirmation. The information supplied in statements are necessary for creditor committees to make educated decisions about the debtor’s ability to repay debts through restructuring.

Upon confirmation of the Chapter 11 petition the Committee is charged with watching over debtors’ finances until outstanding financial obligations are repaid. Corporate entities are obligated to pay creditors prior to providing monetary distributions to shareholders.

Even though Chapter 11 is one of the most complicated processes it is considerably less rigid than most bankruptcy chapters. It offers flexible options that aren’t available with personal bankruptcy and gives debtors more options for restructuring debts.

Under BAPCPA guidelines, individuals and entities that file Chapter 11 are required to hire a qualified bankruptcy attorney. Companies and people that believe this is their best option will find it beneficial to become knowledgeable about the process and take time to review the advantages and disadvantages. Two good sources for learning about Chapter 11 include the U.S. Trustee Program and Cornell University Law School.

Anyone who is thinking about filing bankruptcy needs to evaluate the pros and cons. As mentioned earlier there is a high probability of failure that carries harsh consequences. Read up on BAPCPA regulations and learn about the process, than contact a lawyer for help.

Choosing to file Chapter 11 bankruptcy is never a simple decision. However, the more knowledge attained the better chance of landing in the top 10 percent, rather than the 90 percent that don’t succeed.

About the Author: Simon Volkov is a real estate investor and author who has written extensively about bankruptcy. He shares an informative article library covering topics of

Chapter 11 bankruptcy

, personal bankruptcy, and ways to prevent bankruptcy at

SimonVolkov.com

.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=943522&ca=Finances}

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Reus to miss Euro 16 due to injury
Apr 17

Tuesday, May 31, 2016

Today, Joachim Löw, manager of the German national football team, dropped Borussia Dortmund midfielder Marco Reus from the UEFA Euro 2016 squad. Marco Reus, who turned 27 years old today, is suffering from a groin injury. He also missed the 2014 FIFA World Cup with an ankle injury.

Löw said their medical staff wasn’t sure Reus could meet the demands of the forthcoming games. He added, “Marco has serious fitness problems; he can only run in a straight line at the moment.” ((de))German language: ?Marco hat massive gesundheitliche Probleme, im Moment kann er nur geradeaus laufen.

Löw also did not include other Bundesliga players Karim Bellarabi, Julian Brandt, and Sebastian Rudy from the provisional squad in the final selection. Thanking the four German internationals for their performance in training, he said, “It’s not a decision against those four players, but rather one in favour of the other 23.” ((de))German language: ?Es ist keine Entscheidung gegen vier Spieler, sondern eine Entscheidung für 23 Spieler.

Germany are due to play their final friendly match before the start of Euro 2016 on June 4 against Hungary. On June 12, Germany will open their account in Euro 2016 when they face Ukraine in Lille, France.

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Woman finds human finger in bowl of chili at Wendy’s restaurant
Apr 17
Story sources
  • Maria Alicia Gaura and Dave Murphy. “Wendy’s diner finds human finger in her chili” — San Francisco Chronicle, March 24, 2005
  • Chuck Carroll and Sandra Gonzales. “Exposure to `finger’ in chili would pose little risk, official says” — San Jose Mercury News, March 23, 2005
  • Dan Reed, Knight Ridder Newspapers. “Woman finds human finger in Wendy’s chili” — Kansas City Star, March 23, 2005
  • “Woman Eating Chili Bites Into Human Finger” — Associated Press, March 23, 2005
  • “Diner finds human finger in bowl of chili” — MSNBC, March 24, 2005

Thursday, March 24, 2005

San Jose, California — A woman eating a bowl of chili at a Wendy’s restaurant bit into a chewy bit that turned out to be a human finger. She immediately spat it out, warned other patrons to stop eating, and upon recognizing the object as a finger, vomited.

“I’m more of a Carl’s Jr. person,” the 39-year-old Las Vegas woman, Anna Ayala, told Knight Ridder. She said this incident was her first visit to a Wendy’s restaurant. Ayala described how she found the finger, “Suddenly something crunchy was in my mouth,” she continued, “and I spit it out.”

According to Devina Cordero, 20, after Ayala found the finger, she ran up to her and Cordero’s boyfriend and said, “Don’t eat it! Look, there’s a human finger in our chili.”

“We went up to the counter and they told us it was a vegetable,” Cordero continued. “The people from Wendy’s were poking it with a spoon.”

The restaurant is located at 1405 Monterey Highway, just south of downtown San Jose.

Wikinews reporter David Vasquez drove his car up to the drive-thru menu and found that chili was still on the menu, at a price of US$1.19 for a small serving. He also witnessed workers unloading supplies from a semi-trailer truck in the restaurant’s parking lot, and carting them into the back door of the establishment.

According to Ben Gale, director of environmental health for Santa Clara County, the finger did not come from any of the employees at the restaurant. “We asked everybody to show us they have 10 fingers and everything is OK there,” he said. The found portion of the finger likely belonged to a woman because of its long and manicured fingernail, also found in the food.

Officials seized the food supply at the restaurant and are tracing it back to the manufacturer, where they believe the finger may have gotten mixed in with the raw ingredients used to prepare the chili. The restaurant’s operators were later permitted to re-open after preparing new chili prepared from fresh ingredients.

As this story was filed, there was no mention of the incident on the Wendy’s corporate web site. Wendy’s issued a statement through a spokesman.

“Food safety is of utmost importance to us,” said Wendy’s spokesman Joe Desmond. He referred to the incident as an “unsubstantiated claim.”

“We are cooperating fully with the local police and health departments with their investigation. It’s important not to jump to conclusions. Here at Wendy’s we plan to do right by our customers,” Desmond said.

According to county health officials, the unfortunate woman who bit into the finger is doing fine, despite her initial reaction. Officials also noted that the finger would have been cooked at a high enough temperature to destroy any viruses.

The Santa Clara county medical examiner reported that the finger had a solid fingerprint, although investigators did not say if a search of fingerprint databases would be performed to find the owner of the finger.

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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Trailer released for Lordi horror movie
Apr 15

Thursday, November 8, 2007

A short trailer for the movie Dark Floors, a horror starring Finnish theatrical hard rock band Lordi, has been released.

The film, set in a hospital, follows a group of people left trapped by a broken lift as they are attacked by monsters, and focuses heavily on one particular patient, a little autistic girl.

Dark Floors, acted in English by a largely Finnish cast, cost 4.2 million (approximately US$6 million) to make. It will make its full premiere in Finland on February 8, 2008, although advance screenings will begin this year.

Lordi recently attended the Cannes Film Festival to promote the movie, where the band’s lead vocalist and frontman described it as a “traditional modern horror” and promised “horrific scenes.”

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Medical Clinics In Wailea Treat Both Residents And Tourists Apr 15

byAlma Abell

It’s not uncommon for tourists to lose their medication while they travel. Sometimes they make a mistake and put their prescription medicine in their suitcase. If the airlines lose their luggage, they have a problem. Clinic doctors can examine them and write a refill prescription. The clinic even has a well-stocked pharmacy, so they may even be able to pick it up there. Prescriptions can also be delivered to nearby hotels. Tourists come to Maui to surf and enjoy the outdoors. If they should get a minor injury, the clinic can also treat these.

If a person needs emergency care on the southern portion of Maui they can turn to one of the Medical Clinics in Wailea. It doesn’t matter whether they live on the island or are tourists. They’ll be able to be seen by a dpm. The doctors are able to handle a variety of illnesses and injuries.

Workers who are hurt on the job can get care for their injuries at Medical Clinics in Wailea. The office staff are used to working with insurance companies. Their efforts help minimize a worker’s out-of-pocket expenses. They carefully document the injury and the impact that it has on the worker’s mobility and their ability to do their job. They will also work diligently to help the worker recover from his injuries and return to work as soon as possible.

The medical clinic handles routine physical examinations as well. It’s a convenient location for sports physicals and work check-ups as well. Anyone can get their immunizations from childhood vaccines to flu shots. The clinics convenient and extended hours allow parents to get their children medical care and still be on time to work. Once the parents and children get to know the staff through regular checkups, they’ll feel at ease when they have to use them for emergency situations. It’s very comforting for a parent to know that a child with a fever can be seen promptly by a doctor.

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China-EU financial relations are growing
Apr 12

Friday, December 4, 2009

Chinese President Hu Jintao met with the European Union’s leaders Jose Manuel Barroso and Fredrik Reinfeldt in Nanjing, Jiangsu Province, China. The EU leaders were in China to attend Monday’s twelfth China-European Union (EU) summit. Barroso said China-EU relations are “more mature, deeper” then before.

China-EU trading relations have grown over the last 35 years. The volume of trade between the pair reached US$425.58 billion in 2008, an increase of 19.5% over the prior year. Bilateral relations are far closer now than in previous years.

Swedish Prime Minister, Fredrik Reinfeldt, said the Lisbon Treaty would help strengthen EU-China relations. Summit attendees also talked about nuclear non-proliferation, disarmament, human rights, climate change, combating financial crisis and financial investments.

Before the twelfth China-EU summit, Chinese Premier Wen Jiabao met with EU delegates in Nanjing, and the trading partners celebrated the 35th anniversary of diplomatic relations.

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