Author: Admin

Wednesday, March 15, 2006

Washington, D.C. —When you mix a shopping cart, six team members, bar hopping and bonus points for schmoozing bar hostesses and sabotaging your enemies, you get the annual Washington, D.C. Idiotarod race. On Saturday, this bizarre fund raising event, which originated in San Francisco 13 years ago, pitted teams of “sleds” together to race from bar to bar in Washington, D.C.’s fashionable Dupont Circle and Adams Morgan neighborhoods. Each “sled” consists of a “borrowed” shopping cart and six human dogs to pull the cart. Points are given for originality, the best time and best sabotage of another sled.

The race is held to benefit the Arlington Food Assistance Center and is organized by Ellen Shortill and Kristen Heatherly. Their organization, called “SMASHED” or “Society for Mature Adults Seeking to Help, Entertain and Donate”, takes the position that donating small amounts many times ultimately benefits the smaller charities. Said Shortill, “Our goal is simply to have fun and raise money for those charities that don’t really get any attention.”

The race this year consisted of 22 teams. Although team “Save NOLA” got to the last bar first, teams can win bonus points for (among other things) flirting with bar hosts and hostesses at any of the five bars along the route. The route is approximately 3 miles long, and each team is required to spend at least 20 minutes in each bar. Heatherly noted that “it doesn’t matter who got here first, ultimately its the team with the most credits and the best time that wins.”

Unique among the participants are brothers Pete and Chris Magnuson who are attempting to get on the 10th edition of Amazing Race on CBS. Their team called “Pick Pete and Chris” ran through the streets with t-shirts hawking their website and their fervent desire to be chosen for the next edition of the television show.

“Its not really about who wins, its that we get to have a blast and raise some money,” said Shortill. The charity event raised about $500 and various canned goods for the food pantry.

Tuesday, August 23, 2011

A former Marsh & McLennan Cos. executive has hit former New York Governor Eliot Spitzer with a $60 million defamation lawsuit over an online magazine article regarding an insurance bid-rigging scandal.

William Gilman, a former Marsh managing director, filed a complaint last Friday in the U.S. District Court in Manhattan, over allegations Mr. Spitzer defamed him in a Slate article published a year ago. A copy of the complaint was made public on Monday.

Gilman, who had a final insurance fraud charge dismissed in January, said Spitzer acted with “actual malice” by suggesting that he was guilty of crimes of which he was never accused.

Although he wasn’t named in the article, Mr. Gilman complained that Spitzer defamed him by writing that “Marsh’s behavior was a blatant abuse of law and market power: price-fixing, bid-rigging and kickbacks all designed to harm their customers and the market while Marsh and its employees pocketed the increased fees and kickbacks.”

“While Mr. Spitzer’s statements do not refer to Mr. Gilman by name, Mr. Gilman is readily identifiable as the subject of the defamatory comments,” said the complaint. “Mr. Spitzer was well aware of his own allegations as attorney general and the resolution of those allegations in favor of Mr. Gilman and yet, recklessly disregarded these facts.”

In 2004 Mr. Spizter, then the state’s Attorney General, announced an investigation into the practices at Marsh & McLennan, particularly fees paid by insures to brokers who place business with them. Gilman, who worked for the company at the time, was charged in 2005 with 37 counts of insurance fraud. Gilman’s final charge was dropped last January.

“I haven’t seen the lawsuit and so will not comment on it,” said Spitzer. “The illegalities rampant at Marsh & McLennan leading to their fine of $850 million and the multiple judicial findings of illegality are clear from the public record.”

Mr. Gilman is now seeking at least $10 million in compensatory damages; $20 million in general damages, including damage to his reputation; and $30 million in punitive damages.

Tuesday, October 26, 2021

On Monday, United Kingdom Chancellor of the Exchequer Rishi Sunak revealed in a media briefing that he will confirm in his Budget, scheduled for half-noon Wednesday, an end to the partial pay freeze on 2.6 million public sector employees introduced last November, alongside a 6.6% increase to the National Living Wage.

Sunak used the fall in wages during COVID-19 to justify his “pause” in public sector employees’ pay that exempted 2.9 million National Health Service workers and those earning under GBP24 thousand per year, but applied to 2.6 million teachers, police, civil servants and members of the British Armed Forces. While a pay rise is in order from spring next year, the precise details are pending consultation by independent advisers and pay review bodies, according to the i. The Guardian writes some 5.7 million public sector employees could see a pay rise.

In addition, about two million on minimum wage, including some from the above 5.7 million, could benefit from an increase in the national minimum and national living wages. According to the i and The Guardian, the National Living Wage applicable for over-23s will increase by 59p to GBP9.50 an hour from next April, about GBP1000 for a full-time worker, in line with recommendations from independent advisory board the Low Pay Commission. The National Minimum Wage for those aged 21 to 22 will rise 82p to GBP9.18 an hour, and the Apprenticeship Rate will go up 51p to GBP4.81 an hour.

However, according to senior research economist at the Institute for Fiscal Studies Tom Waters: “While this boosts earnings for full-time minimum wage workers by over £1,000 a year, those on universal credit will see their disposable income go up by just £250 because their taxes rise and benefit receipt falls as their earnings increase.” Shadow chief secretary to the Treasury and Labour MP Bridget Phillipson said the offer was “underwhelming”, and “[m]uch of it will be swallowed up by the government’s tax rises, universal credit cuts and failure to get a grip on energy bills”. UK inflation rose 2.9% the year to September, according to the Office of National Statistics.

Phillipson contrasted Sunak’s measures with those of a Labour government, according to The Independent: “With a new deal for workers, exploitative practices like zero hours contracts banned, Fire and rehire outlawed, a minimum wage of at least £10 an hour and fair pay agreements, a Labour government will transform work and raise standards.”

However, the Daily Mirror says Mr Sunak is considering a rise to GBP10.50 an hour, and the qualifying age for the National Living Wage lowered from 25 to 21 by the next election in 2024. This would match or exceed Labour’s pledge of “a decent income that you can raise a family on”: an increase of the “minimum wage to at least £10 an hour”.

Mr Sunak said during the media briefing that Speaker of the House of Commons Sir Lindsay Hoyle would later call “riding roughshod” over parliamentarians, that it was “[t]he economic impact and uncertainty of the virus” that led to the “difficult decision to pause private pay”, which “[a]long with our Plan for Jobs, this action helped us protect livelihoods at the height of the pandemic. And now, with the economy firmly back on track, it’s right that nurses, teachers and all the other public-sector workers who played their part during the pandemic see their wages rise.”

Prime Minister Boris Johnson had announced at the Conservative Party conference his intent to create a “high-pay, high-skill economy” after Brexit, but it may take years for salary growth to catch up with mounting financial pressures, according to the i.

According to The Guardian, analysis by the Resolution Foundation indicates those impacted by the freeze earned nearly 8% less than their private sector counterparts. The differential widened to 0.6% for all public sector employees, including those exempt. The Office of National Statistics writes total private sector pay grew 8.3% from June to August 2021, while public sector pay grew only 2.5%.

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Friday, May 26, 2006

Brampton, ON — On Wednesday, May 31 at 6:30 p.m., sculptor Alvaro Cervantes will host a meet and greet at the Visual Arts Brampton Creative Studio. Cervantes will be showing his precise sculptures to guests, and promoting his upcoming multi-week workshop at the studio. The course is open to students who love cartoon, no matter their skill levels or experience sculpting.

“We’re extremely pleased to present such a unique course at VAB,” group president Keith Moreau commented. “Alvaro is a master of his craft, and students are sure to benefit immensely from the experience.”

Alvaro has specialized in maquettes for 16 years, creating sculptures used by companies including Disney, Pixar, and Marvel Comics. His works have served as reference for animators, and as prototypes for toys. Some of his most recent work is for the Disney-Pixar film Cars, which will was released today in theatres. Cervantes has taught the workshop at Oakville’s Sheridan College, home of a respected Animation BA program.

The meet-and-greet is free for everyone. The timing and price of the course will be established by Wednesday.

The Visual Arts Brampton Creative Studio is located in the Bartley’s Square Mall, at the corner of Hurontario and Steeles Avenue. The studio is the only suite in the lower level, and is accessible through a glassed in lobby.

For more information on the meet-and-greet or the course, contact visualartsbrampton@gmail.com, or phone 905-453-9142.

Monday, March 17, 2008

Indonesian budget airline Adam Air has been given a three-week ultimatum by the authorities to prove its economic stability or its license will be revoked, said Transportation Minister Jusman Djamal. This is because major financial difficulties have become apparent today, with two major shareholders pulling out of the company.

PT Global Transport Service (GTS) and Bright Star Perkasa, who between them own a 50% stake in the company, have decided to sell back all their shares to their original owners, who control the other 50%. These are the family of founder Adam Suherman and Sandra Ang.

The companies invested in the airline last year, when the company was struggling after the New Year’s Day disappearance of Adam Air Flight 574 with 102 on board. The Boeing 737 (B737) was ultimately determined to have crashed into the sea near Sulawesi, and all on board are presumed dead. Shortly afterwards, Adam Air Flight 172, another B737, snapped in half during a hard landing, but held together preventing fatalities. These were not the first serious accidents for the company, as in February 2006 Flight 782 became lost for several hours after navigation systems failed and the plane entered a radar blackspot, forcing a subsequent emergency landing many miles from the intended route. The given reasons for the withdrawal are a lack of improvement in safety and financial irregularities.

The company has now also defaulted on debt payments to aircraft lease firms, resulting in 12 of their 22 planes being seized, and has cut the number of routes served from 52 to 12. The remaining ten planes are also in default and at risk of seizure. Adam Air owes leasing companies US$14 million compared to free capital of $4.8 million of free capital. They have agreed to buy back shares gradually for $11 million (100 billion rupiah), $6 million less than the investment firms paid for them. The cost difference will be borne by Harry Tanoesoedibyo’s family, the founder of PT Bhakti Investama, of which GTS is a wholly owned subsidiary. The companies have also lost 157 billion rupiah worth of investment in the company since the April 2007 deal. 9,325 Rupiah are currently worth US$1.

GTS director Gustiono Kustianto said that “Since we joined, our priority has been safety” but that Adam Air’s management had been unresponsive to pressure from the new investors to improve its poor record. Last weeek another company B737 shot off the runway during landing, damaging the plane and injuring five.

Lawyer Marx Andryan of Hotman Paris Hutapea, representing the investment firms, said they have documents proving the company has not adequatly seen to pilot recruitment, maintenance and insurance.

Suherman said “We have defaulted and the investors have done nothing about it. We’ll continue to operate as long as we have planes,” adding that there are no current plans to declare bankruptcy.

“Out of 22 planes, now we only have 10 because 12 of them have been declared in default. The other 10 have been declared in default as well, but I’m still trying to work out a way to restructure the payments,” he told Reuters. He went on to say that a cash injection is required, and that “There is a possibility starting on March 21 Adam Air will temporarily cease operations until there is a decision from the shareholders regarding the insurance premium.”

Tuesday, February 8, 2005 Microsoft has announced that it plans to purchase antivirus firm Sybari Software in order to expand its market within the computer security market. The takeover comes after Microsoft purchased Romanian security firm GeCad in 2003 and two months after an announcement that it is to acquire anti-spyware vendor Giant-Company Software.

Sybari is a private company based in East Newport, New York that develops antivirus software which can be used with Microsoft’s Exchange software, as well as with the Lotus Notes system.

This takeover is seen by analysts to be hostile move on Microsoft’s part, as it places the software giant in direct competition with market leaders Symantec and McAfee. Sterling Auty, an analyst with JP Morgan, told Reuters that he estimated that Microsoft could be competing for up to five percent of Symantec’s business and up to eight percent of McAfee’s revenue.

Microsoft’s shares rose $0.10 at midday to $26.26, while both McAfee and Symantec shares fell.