Kordia’s annual report shows increase in profit

Friday, October 12, 2007

New Zealand state-owned enterprise (SOE), Kordia published its annual report a few days ago for the financial year ending June 30, 2007.

Formerly known as Broadcast Communications Ltd (BCL) prior to the name change in November 2006, the Crown-owned company offers contracting, consulting, and networking services. They operate a national communication network and provides network feeds and broadcast services for the major television and radio networks in New Zealand.

The annual report shows Kordia Group Limited’s net profit, after tax, at NZ$11.9 million, the 2006 result was $9.8 million. Revenue was up from $201 million in the 2006 financial year to $264 million this year; a 31% increase. Chairman of Kordia, Wayne Brown, described this financial year as “solid achievement” while being “on track to record further growth in the exciting fields in which it operates.”

These increases is despite the major acquisition of Orcon Internet Limited, an ISP (Internet service provider). Kordia will use Orcon, acquired on 2 July, 2007, to invest and deliver the possibilities of the current progress of local loop unbundling, new Wi-Fi zones, and WiMAX technology. CEO of Kordia, Geoff Hunt, said, “Orcon will soon offer a complete range of Voice over IP products”. Orcon is being operated at arms-length to the rest of the company.

Other areas where Kordia is advancing itself is mobile television transmission where they are already prepared to start services once content providers have been secured. Hunt said, “Spectrum is available, so all we need are the content providers and some good consumer demand. Then we’ll be ready to roll.”

Kordia is also immersing itself further in the television sector as well as its mobile television service. Other advances includes New Zealand’s new digital television service, Freeview with it set to start terrestrial transmission next year.

Parliament TV also began this year in July. All House proceedings are available via the Parliament website and a broadcast quality feed is provided to all broadcasters, with full coverage being televised by Freeview and Sky Network Television. The manager of Kordia’s Transmission Control Centre, Merv Brooks, said, “This is another example of people and technology coming together to deliver a truly unique product to New Zealanders.”

Being a SOE, Kordia is required to give the Government a dividend. The Government will receive a total dividend of $8.4 million; $6.8 million in 2006. A $3 million dividend had already been received by the Government so a payment of only $5.4 million was made.

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Interest Only Loan

By Jacob Malherbe

Interest Only Mortgages is a risky product and does have its disadvantages it a tricky form of mortgage because it can be misleading as the payment is very small for the first 1,2,5,7 or even 10 years. The Interest Only Mortgage will have a balloon payment for the entire principal balance at the end of the loan term. Interest only mortgages might be beneficial for people in markets where houses appreciate rapidly and the plan is to remain in the house for only a couple of years.

Interest only mortgages are available in both fixed rate and adjustable rate varieties, but most interest only mortgages are of the adjustable rate variety. Since only an interest payment is due, interest only mortgages usually have a lower monthly mortgage payment than mortgages that require principal and interest payments.

[youtube]http://www.youtube.com/watch?v=7fIix2wFips[/youtube]

For example, if you have taken an interest only mortgage loan for 5 years you only pay the interest on your mortgage for 5 years. The interest only mortgage rate is an adjustable rate determined by the current interest rate. This preset margin will stay fixed throughout the remaining term of the loan while the interest only mortgage rate added to it will change (generally on an annual basis) with the fluctuation of the current index rate. So after the interest only mortgage payment period is over you will be paying the adjusted interest only mortgage rate and the principal, which will increase your interest only mortgage payments.

Interest only mortgages usually have an interest only payment option during the first 1, 3, 5, 7, or 10 years of the mortgage. Interest only mortgage payment does not mean negative amortization on your loan it does mean however that the Interest only mortgage payment are only for a short term. Interest-only loans are the latest tool aimed at offsetting high home prices and it does represent a somewhat higher risk for lenders, and therefore are subject to a slightly higher interest rate. It is however a popular ways of borrowing money to buy an asset that is unlikely to depreciate much and which can be sold at the end of the loan to repay the capital. It helped homeowners afford more home and earn more appreciation during this time period. Interest-only loans may turn out to be bad financial decisions if housing prices drop, causing those borrowers to carry a mortgage larger than the value of the house, which in turn will make it impossible to refinance the house into a fixed-rate mortgage.

It is important to keep in mind the nature of interest only mortgages. Although interest only mortgages play a vital part in the mortgage industry, often providing the only means for first time buyers to hold the key to their own front door, misusing this type of loan is counter-productive. A sample of the 3 payment options on a loan amount of $250,000 would be: Minimum Amount Due $804, Interest Only Mortgage $989, 30 year payment $1304, 15 year payment.

In summary, an Interest Only Mortgage Loan can save you thousands of dollars and possibly earn you thousands more with the right diversified investments over time. An interest only mortgage loan gives people the tools necessary to manage their debts as carefully as they manage their assets. 30 year interest only mortgages typically come with a ten year (often referred to as a 30/10year interest only loan) or fifteen year fixed (30/15) interest only period. Best for people who: Are very focused on money management Want to reduce their monthly mortgage payment and do not intend to be in their homes more than a few years Interest only mortgages and loans as the name suggests, means you pay interest only for the first three, five, seven, ten years of the loan, thereby lowering your monthly mortgage payment by quite a lot. But it is important to also look at the other side of the interest only mortgage if the base interest start to rise your payments can start to rise with it. So have a close look at the relationship between the interest rate and your mortgage payment today before you jump into an interest only loan.

About the Author: Jim Power is a writer for the mortgage website

mortagesave.com

for more information about different mortgage types please visit

mortagesave.com

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Vindicated Thai GM activists face gaol all the same

Saturday, April 30, 2005

Two activists who helped identify a vagrant Genetically Modified (GM) crop of papaya, which was later confirmed and destroyed by Thai officials, now face prison over their actions, says Greenpeace.

“In July of 2004, [Journalist] Pat and [Ecology PhD] Jay took this story public when they acted as spokespersons for Greenpeace activists who sealed off GE papaya in experimental fields at the Khon Kaen research station — the source of GE papaya contamination in the region,” says a statement from the environmental awareness organisation.

“They were charged with theft, trespassing and destruction of property.”

“Instead of getting to the bottom of who precisely was responsible for the contamination, the very department that was responsible for the contamination decided to take legal action against Pat and Jay.”

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Algiers protest takes place despite ban

Sunday, February 13, 2011

A planned pro-democracy protest took place Saturday in Algiers, the capital of Algeria, despite a standing government ban on protests in the capital. Massive police presence reduced the event from its planned scope, and dispersed it after a few hours, but did not prevent it.

The demonstration, planned for some time, was to be a march through Algiers, from May First Square, about five kilometers (three miles) to Martyrs Square. Instead, protesters demonstrated in May First Square for a few hours.

Algeria has been officially in a state of emergency for nineteen years. Early this month, following recent pro-democracy events in Tunisia and Egypt, Algerian President Abdelaziz Bouteflika said the state of emergency will be lifted “soon”. At the same time he also said marches would be allowed everywhere in the country except in Algiers. Leading up to this protest, riot police closed all entrances both to Algiers and to May First Square.

The number of demonstrators who gathered in May First Square despite the police cordons was estimated by officials at 1500, and by demonstration organizers at around 10,000. The number of riot police in the city — with body armor, armored vehicles, and water cannons — was anticipated by officials as high as 30,000, and estimated by organizers as high as 26,000.

The protest was organized by the National Co-ordination for Change and Democracy (CNCD), an umbrella group of Algerian organizations formed in late January. Protesters demanded democratic freedoms, an end to government corruption, and relief from economic hardships. Some protesters called for removal of President Bouteflika, although that was not a stated goal of the organizers.

Several hundred protesters were arrested, at least briefly. Algerian activist Elias Felali, who blogged from within the demonstration, claimed the police wanted to provoke violence, but the protesters were pointedly non-violent.

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Israeli PM Ariel Sharon to undergo more surgery

Sunday, January 15, 2006

Ariel Sharon, 77, is scheduled to undergo a tracheotomy today, which is expected to help wean him off a respirator, which is helping him to breathe, a hospital statement said.

A tracheotomy is a procedure where an incision in the windpipe is made to create a temporary or permanent opening. It will allow for the removal of the breathing tube now inserted in Sharon’s throat. Sharon suffered a major stroke on January 4, 2006. Last week, doctors said the plastic tube connecting his windpipe with the respirator would start to cause him damage if left in for too long.

Tracheotomies are routinely performed on stroke victims to reduce the risk of infection posed by intubation.

“The prime minister’s condition continues to remain critical but stable,” said a statement issued by Jerusalem’s Hadassah hospital where doctors have been trying, unsuccessfully, to wake Sharon from a medically induced coma. “This evening the prime minister will undergo a CT test after which he will undergo a tracheotomy. The surgery is aimed at helping to wean him off a respirator machine. It will be conducted in the operating room under general anaesthesia.”

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The Wide Appeal Of Equestrian Home Decor

The Wide Appeal of Equestrian Home Decor

by

AnnaRae Mills

Equestrian home decor gives horse lovers a chance to show their love and appreciation for their four-legged friends. There are all kinds of home furnishings, accessories, and accents that feature a horse of some sort. It might be a table lamp with a horse sculpture on the base, a comforter that depicts horses running across a meadow, or a piece of wall art with a horse theme.

There are many reasons for the wide appeal of equestrian home decor. First, many people simply admire the form and beauty of the animal. Also, a horse might be reminiscent of time spent on a grandparent’s farm or a summer camp where you learned to ride.

You might have seen examples of equestrian home decor in all sorts of homes, but the horse-themed decor that we’re most fond of is found in homes with one of the casual styles of home decorating, such as western, rustic, southwestern, or country. Some people might be surprised to know that an increasingly large percentage of horse-themed decor is in homes of people that do not own horses.

[youtube]http://www.youtube.com/watch?v=nVWYMl2yg1E[/youtube]

Take a moment to think about your favorite horses from books, movies, or television. A few that come to mind for us are Trigger (the horse of Roy Rogers), Silver and Scout (the horses of the Lone Ranger and his sidekick Tonto), Black Beauty, My Friend Flicka, and the mischievous Mr. Ed. Back in the 1950s and 1960s, many children in grade school had a lunch box that featured one of these horses.

Okay, let’s take a little trip down memory lane. How many of us had a rocking horse when we were kids? How about a blanket with cowboys and/or cowgirls and horses? Anything else with a horse on it? Yes, there’s a chance that you had some sort of equestrian home decor back then and did not even realize it.

There are horse-themed figurines, statuettes, and pottery dating back centuries from different cultures that created the pieces to honor the horse. The pieces that still exist are often a real treasure for a collector.

Whether you want to decorate an entire room with equestrian home decor or just add a few pieces here and there, you can find a wide variety of items to accent your home, such as a horse-themed fireplace screen, wall art, bedding, rugs, throw pillows, and so much more.

Adding equestrian home decor in your bedroom can be accomplished with a few simple horse-themed items such as a well-placed picture or two, a comfy floor rug, and a lamp and/or lampshade. Let’s not forget the bedding and comforter. With their large surface area, they can show one or more horses in a pastoral setting or running free across a hillside.

Equestrian home decor is great for kids’ rooms as well. Here, you can brighten a child’s room with images of colts and fillies playing in a field. The kids will love a wooden rocking horse. Children’s bedding has many designs with horses to choose from. You can also take the room decor one step further with an age-appropriate lamp that has horses depicted on the base or the shade. The finishing touch would be a decorative, yet playful horse design on a wall border.

Whatever your reason for being attracted to equestrian home decor, you can be assured that you will have plenty of decorative items to choose from.

AnnaRae Mills and Gordon Bellows love informal home decor. The western, southwestern, rustic, lodge, and country styles are their favorites. They have lots of decorating tips, plus over 375 pictures to show why casual home decor is more popular than ever. Go to

Western-Home-Decor.net

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Wikinews interviews candidate for Minneapolis mayor Philip Sturm

Thursday, May 13, 2021

Wikinews extended invitations by e-mail in the first week of May to Philip Sturm, a candidate running in the mayoral election of the US city of Minneapolis, Minnesota set to take place November 2 alongside that for city council, two seats of the Board of Estimate and Taxation and nine seats of the Minneapolis Park and Recreation Board. Sturm discussed information about his campaign and policies with Wikinews.

Sturm is a veteran who served from 1999 to 2003 in the US Marine Corps, stationed on Okinawa Island, Japan before performing operations in the US invasion of Afghanistan and 2003 invasion of Iraq. According to his web site, Sturm has a career in “manufacturing and operations”. According to his web site’s ‘civic vitae’ section, Sturm was co-chair for the DFL (Democratic-Farmer-Labor Party), District 62 in 2005 and a member of Veterans for Kerry.

He was a volunteer special deputy in Hennepin County, Minnesota, a member of the 9-1-1 emergency helpline workgroup for the Minneapolis Police Department (MPD), the 9/11 and GWOT (Global War on Terrorism) Remembrance Task Force with the Minnesota Department of Veterans Affairs and the racial equity fund with H.B. Fuller.

According to Minneapolis’ official website Jacob Frey won the last election in 2017 receiving 44.69% of the vote in the final round of voting. KSTP-TV reported Frey announced his run for re-election January 21. Sturm registered his candidacy on March 22.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_candidate_for_Minneapolis_mayor_Philip_Sturm&oldid=4635265”

Kent Hovind faces a 58-count federal indictment

Friday, July 21, 2006

Creationist Kent Hovind was arrested and plead not guilty in a Florida federal court to 58 charges of filing a frivolous lawsuits, false complaints, making threats against investigators and those cooperating with the investigation, and includes failing to pay $473,818 in employee-related taxes.

Last Thursday, U.S. Magistrate Judge Miles Davis heard the charges in which Kent Hovind professed not to understand why he is being prosecuted asserting “I still don’t understand what I’m being charged for and who is charging me.”

Legal and taxes issues are nothing new for Kent Hovind, who often calls himself “Dr. Dino.” He has been in legal trouble with the IRS for at least 17 years on his claims that he is employed by God, receives no income, has no expenses and owns no property.

Hovind’s attorney, Assistant Public Defender Kafahni Nkrumah, told U.S. Magistrate Judge Miles Davis that the Hovinds “did not want to enter a plea because he does not believe the United States, the Internal Revenue Service and the U.S. Attorney’s Office “have jurisdiction in this matter.”

When Davis said he would enter a plea for Hovind if he continued to refuse, Hovind said he was entering a not guilty plea “under duress.” In the exchange Davis asked Hovind “if he wrote and spoke English, this man who claims a doctorate said, ‘To some degree’.”

Jo Hovind, who is facing 44 charges stood with her husband’s hand on her shoulder and “reiterated the gist of his statements.”

U.S. District Judge Casey Rodgers will preside over the September 5th trial.

Davis made Hovind surrender his passport, guns, and will not allow him to leave the court’s juristition since they consider him a flight risk. On July 21, 2006 a missionary group in South Africa filed a petition to lift the travel restrictions. In part, Hovind claims the travel restrictions “violate the Religious Freedom Restoration Act.”

Hovind’s public defender Kafahni Nkrumah, states “Mr. Hovind contends that the conditions imposed upon him by Magistrate Davis impose a burden on the free exercise of defendant’s religion, in violation of the First Amendment of the U.S. Constitution.”

No date to hear the appeal against the travel restrictions is scheduled.

Retrieved from “https://en.wikinews.org/w/index.php?title=Kent_Hovind_faces_a_58-count_federal_indictment&oldid=566314”

What You May Not Know About Reward Cards

Submitted by: Chinimso Nikemdirim

Irrespective of the fact that the underneath content article may be more often than not just about reward cards, it’s going to help out the ones who are looking especially for information about reward cards. But evidently, it’s important to really read the writing in it’s entirety to obtain the real meat and nuggets included here.

It always pays to maintain a healthy relationship with your credit card company. If you do, they could be very lenient with the terms on your reward card deal. I know of a whole lot of people who have walked away with 0 per cent charges or interest on all transactions on such cards. Yours might be similar or even better, but that would be up to you.

A lot of people prefer to go for reward cards with cash back rewards. It gives them something tangible to relate with, so they jump at it. You might consider that one too, but I kind of prefer the type that gives bonuses. The type you go for should be the type that more than just catches your fancy, but actually improves the quality of your life.

[youtube]http://www.youtube.com/watch?v=63Tu2pwzlAA[/youtube]

You could use your rewards credit card anywhere and in much the same way you can use your regular credit card. At supermarkets, at gas stations, anywhere. The only difference is merely that they reward you for it. However, this is a big enough difference to get anyone interested, as I’m sure you are now. So go to it.

Think about what you’ve read so far about reward cards. Does it reinforce what you already know about the subject matter or such related information? Or was there something completely new? Perhaps the remaining paragraphs of this article will do the trick?

If you are looking to spend money as you please, what you are looking for is a reward card. Several types exist today that you can choose from. They allow you to make transactions at comfortable rates, and then they give you rewards for your effort. Think about how you could use something that offers that kind of advantage on your expenses.

I know you want the kind of reward card that gives you everything back after each transaction; who doesn’t? Unfortunately, but we are not quite there yet. What we have now are the types that give you benefits in bits. Perhaps we will still get where you want to be going, but you have got to be patient.

Now that you have finished reading through the above insightful and also useful piece I am sure you understand better about even other related hints just like reward cards. As you realize – the more you learn and know, the more you are able to tutor and even share with other men and women. And the more you teach and even share with other men and women, the more the world gets much better due to the high quality instructions spreading and spreading.

About the Author: This incredibly talented author also writes about revealing articles regarding lawn mower and also top push mower reviews at

TigerFDN.com/

.

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Rapper Kanye West denounces Bush response, American media at hurricane relief telethon

Saturday, September 3, 2005

Grammy award-winning rapper/producer Kanye West appeared on a live on-air telethon simulcast on NBC, MSNBC, CNBC and PAX for Hurricane Katrina victims. Live on air, West said “George Bush doesn’t care about black people,” after saying “America is set up to help the poor, the black people, the less well-off as slow as possible.” He also said “the Red Cross is doing everything they can,” and stated that he was going to see what the maximum amount of money he can donate is. West criticized government authorities and stated that “They’ve given them permission to go down and shoot us.”

West first deviated from the script he and comedian Mike Myers were using by commenting on the recent uproar over differently captioned photos for black and white people in the aftermath of the hurricane: “I hate the way they portray us in the media. If you see a black family, it says they’re looting. See a white family, it says they’re looking for food.”

Though a several-second delay was in place, the comments were let through uncensored on the EST live broadcast as the person in charge “was instructed to listen for a curse word, and didn’t realize he had gone off-script,” according to an NBC spokeswoman.

NBC has released a statement after the broadcast: “Tonight’s telecast was a live television event wrought with emotion. Kanye West departed from the scripted comments that were prepared for him, and his opinions in no way represent the views of the networks. It would be most unfortunate if the efforts of the artists who participated tonight and the generosity of millions of Americans who are helping those in need are overshadowed by one person’s opinion.”

The sponsor of the event, the American Red Cross, also issued a statement on the telethon, stating: “During the telecast, a controversial comment was made by one of the celebrities. We would like the American public to know that our support is unwavering, regardless of political circumstances. We are a neutral and impartial organization, and support disaster victims across the country regardless of race, class, color or creed.”

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