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.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Israeli_PM_Ariel_Sharon_to_undergo_more_surgery&oldid=4207430”

Several groups seek to purchase Saturn auto brand

Thursday, May 7, 2009

Penske Automotive Group, Inc., an Ohio-based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM).

According to The Wall Street Journal, Nissan-Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of Penske’s potential bid. If Penske acquired the brand, they would distribute Saturn vehicles and outsource the assembly.

GM revealed that the Saturn brand along with Saab and Hummer were up for sale when unveiling their restructuring plans to Congress for governmental loans. While the Pontiac brand was originally to be a niche brand, GM had changed their plans recently and decided to eliminate the brand.

Telesto Ventures is an investment group that includes private equity firm Black Oak Partners LLC of Oklahoma City and several Saturn dealerships. Initially, Telesto will purchase Saturn branded cars from GM then act as a general retailer for foreign brands. Telesto is in talks with several foreign manufacturers.

The Ohio group includes many former senior auto company managers plus private financial backers, chemists and engineers who live in Michigan, Ohio, Indiana and Florida. This group plans to initially purchase cars from GM then purchase existing but closed plants due to automaker restructuring. Additionally, one of the partners indicated a willingness to accept some “legacy” cost in relation to the United Auto Workers. The Ohio group is also pursuing possible loans or other support from national and state governments.

GM is reviewing several offers for Saturn. GM has contracted with S.J. Girsky & Co. to advise them on the sale.

Retrieved from “https://en.wikinews.org/w/index.php?title=Several_groups_seek_to_purchase_Saturn_auto_brand&oldid=4365292”

Baby attacked by dog in New York

Saturday, January 5, 2008

An eight-month old boy, Andrew, was attacked and killed by a Doberman pinscher in Brooklyn, New York. The dog was a three-year old named Mackabee, who is also neutered.

The grandmother was babysitting the boy. While she was in the kitchen she heard the boy scream and ran next door to a neighbor for help. The neighbor took the dog off the boy, rescued him and brought him to his house to try and perform CPR on the boy, while he called 911 for help.

Police said the baby’s head was in bad shape and the dog broke the boy’s skull. Andrew was sent to Kings County Medical.

The doctors tried to save his life by working on him for nearly an hour, but the boy died at 3:06 pm local time. The parents of the child were not home at the time of the incident. The dog was shot with a tranquilizer and was sent to a care center. The city Department of Health is investigating. The dog may have to be put down because of the incident.

According to the US Centers for Disease Control, the Doberman Pinscher is not frequently involved in fatal attacks on humans in comparison to several other dog breeds such as German Shepherd Dogs, Rottweilers and others.

Retrieved from “https://en.wikinews.org/w/index.php?title=Baby_attacked_by_dog_in_New_York&oldid=1982875”

How A Social Media Marketing Agency Boosts Business Growth

How a Social Media Marketing Agency Boosts Business Growth

by

Ashley Forrester

A social media marketing agency effectively exploits the best of online business publicity for your company. In the current state of international commerce and global markets, your company cannot afford to survive without a website. Proper global presence can easily be identified by visible Internet presence with a good website that speaks of your services. Even in the local market, your company needs a good website to keep up with the competition.

[youtube]http://www.youtube.com/watch?v=13okveHwlkU[/youtube]

Social media marketing activities help grow your business by strengthening your market presence. The primary activity in SMM is regular interaction with your clients and target audience on a personal basis. Regular updates on products, reviews, information on events, and general product awareness are all a part of SMM management. Only a good social media marketing agency can ensure that your clients are satisfied with your public presence. Beyond all other aspects, your SMM activities must ensure that your public representation is perfect. A SMM agency’s primary objective is good PR, and subsequent advertisement and marketing. To boost business growth with SMM activities, your PR work must be outsourced to a company who can provide not only regular and live updating, but also relevant content. The Internet has a vast number of resources for information that people research upon every day. Only proper SMM activities can ensure that your website has spread its links all over the web in all relevant subject categories. Let’s see the most important platforms of work for a social media marketing agency – Blogging Activities: Blogging is among the most vital SMM processes that need to be managed with professional care. Blogs provide regular updates about your products and services and help create a rapport with your clients. Their secondary purpose is link building. Blogs that are managed for you by a good SMM company has your links in all relevant fields. When people search for information, articles and blogs written about your product ensures marketing and PR all in one neat package! Social Media Management: Facebook was the most visited website in 2010, even beating Google, the former champion. Twitter is the best way to get real time feeds about any topic. Social media platforms have become the latest field for a social media marketing agency to exploit. With over 500 million people using social media websites every day for long durations, was there ever a more lucrative field? Ensuring that your business can exploit all social media avenues to help your business grow is about choosing a good agency. A professional social media marketing

agency can combine PR, marketing, advertisement, after sales support, client rapport all in one place. Pi Media Services is among the most proficient SMM companies working with many satisfied global clients.

Asheley Forrester is an inspirational and motivational speaker, teacher and seminar lecturer. He has written many books on media management and has helped many individuals and businesses generate more profit.

Article Source:

ArticleRich.com

An interview with Paul Campbell, founder of Amazing Radio UK

Thursday, January 14, 2010

Digital radio listeners in the UK may have noticed a new station on their list over the last few months with the beta launch of Amazing Radio, founded by Paul Campbell as a follow up and companion to Amazing Tunes. However, unlike the majority of the other stations on both digital and FM, Amazing Radio doesn’t play normal, mainstream music. Instead, its playlist consists solely of music from unsigned bands and artists who have signed up and uploaded their music to AmazingTunes.com. Their music can then be downloaded from the site, for which they get paid. The more downloads and interest an artist receives, the more likely they are to get played on the national radio station. Amazing markets itself as an “ethical” download website, on which artists get 70% of the download revenues. They now have more than 22,000 songs uploaded, with about 100 uploaded every day.

Blimey, I sound like some corporate twat.

Paul Campbell himself has extensive experience in both radio and television production, having worked for BBC Radio 4 and Channel 4. After success with his own production company in the nineties and with support from investors, Campbell launched Amazing Tunes in 2005.

As Amazing Radio introduces a new schedule for the New Year, with presenters rather than solely pre-recorded links, Wikinews reporter Tristan Thomas interviewed Campbell to find out more.

((Wikinews)) Hi Paul, thanks for doing this interview.

((Paul Campbell)) My pleasure – thanks very much for asking me. We’re really grateful that Wikinews is interested in us.

((WN)) At the end of 2009, you complained to the BBC Trust about BBC Introducing. Can you explain what this was about and the reasons for it. Has anything come of it?

((PC)) Sure: in a nutshell, the complaint was about unfair competition – about the BBC not following its own rules. It’s still ongoing. It will take, ahem, a while to resolve.

The details are a bit complex, but here goes. (If you commit suicide out of the boredom at what follows, I apologise).

As British readers will know, the BBC has a guaranteed and very comfortable income derived from the Licence Fee – effectively a tax you have to pay if you want a TV. According to Wikipedia (so it must be true), this generates an income to the BBC of about stg4.5bn per annum. Nice.

BBC people live in an insulated, publicly-funded world

Not really. In recent years the beeb has increasingly used this gargantuan income – and its incredible audience reach online, on radio & TV – to launch new services that make life impossible for everyone who is not the BBC. These have ranged from e-learning content (that completely wrecked the market for private publishers), to a new digital radio station (that caused a private speech station to go bust), to an attempt to launch online regional news services (which caused howls of outrage from local newspapers). The BBC does it for the best of reasons – to provide a public service – but BBC people live in an insulated, publicly-funded world, one where you know with complete certainty you’ll get paid on the 15th of every month. It’s a million miles away from the real world, where entrepreneurial people take risks, and lose their jobs and their houses if it goes wrong. Here, the BBC’s actions have grave implications. And not just for private companies: the UK as a whole is very good at creative industries, which are the fastest-growing part of the economy. But it’s kinda hard to grow a global business if your domestic market has been wrecked by a rampaging, publicly-funded, bull in a china shop. So by accidentally knackering private companies, the BBC is also damaging the British economy.

Wise people noticed this. A few years ago the Governance of the BBC was changed. A new regulator, the BBC Trust, was created. It tried to address the problem. It insists the Corporation does a ‘public value test’ when it wants to launch a new service, or to expand an existing one.

Here, it hasn’t. Although the BBC has a longstanding commitment to play new music on its local radio stations, and one of its most famous DJs John Peel had an outstanding show on BBC Radio 1 for many years which played new music (and was, incidentally, produced by one of our new presenters), it’s suddenly changed the game. It’s launched a huge expansion and automation of this formerly piecemeal and limited activity, targeted exclusively at unsigned bands. BBC Introducing is a pan-BBC brand, combining local and network radio, television, online, even a special stage at Glastonbury. There’s a very expensive online upload service which I just know would have cost ten times what we had to spend on our similar service. There’s a Head of Department, doubtless with dozens of staff. I’ll bet they have BBC Introducing pens. It’s everywhere.

This is, by any reckoning, a ‘new service’. But it’s not been subjected to a public value test. Worse, I have it on very good authority from someone inside the BBC that BBC Worldwide – its commercial arm – is planning to launch a BBC Introducing record label – i.e., an overtly commercial expansion of BBC Introducing. This would be like the BBC trying to create a new version of the music industry, all by itself.

Whether or not you think it’s a good thing for the beeb to champion new music, you may agree it should follow its own rules. It hasn’t. There was no Public Value Test; no request to the Trust to be allowed to do this.

So we complained. It was a bit hilarious. The Trust said they weren’t allowed to investigate until we’d complained to the beeb itself and the BBC had rejected our complaint. There was a long pause as I tried to understand the logic. I said ‘I’m guessing the BBC didn’t do a PVT because it didn’t think it needed to do a PVT. We think they should have done. We’re asking you to investigate, to see if you agree’. They said ‘you have to complain to them first. It’s protocol’. It’s all very British – i.e., charmingly polite … ludicrously bureaucratic … and totally useless.

So we have another hoop to jump through. We’re now preparing our formal complaint to the BBC itself – whose Director General is someone I used to work with, when we were both fresh-faced BBC trainees in 1981. It takes time: I’ll have to write it myself, and I have a business to run. The beeb will have a small army of staff whose only job is to read it … and reject it. (They always reject criticism; it’s the BBC’s default position. They usually do it with a slightly pained expression, hurt that anyone could fail to understand their brilliance and omniscience. Either that, or they try to demolish your intellect and cast doubt on your probity. Either way, they’ll reject it).

When they do, we’ll then be able to go back to the BBC Trust to say ‘guess what? The BBC rejected our complaint. Now will you investigate?’. Yawn.

All this might make me seem a BBC-hater. Actually nothing could be further from the truth. The BBC trained me.

All this might make me seem a BBC-hater. Actually nothing could be further from the truth. The BBC trained me. I was once, so I was told by the Head of Appointments, its youngest-ever Producer. Despite appearances, I firmly believe it’s one of the best things about the UK. I wrote to The Times of London recently in defence of it. But unfortunately it’s really, really bad at understanding the damage it does to private companies, the ones like ours that create jobs and try to create wealth, without the benefit of a guaranteed income. (Or even, any income at all).

The stakes are high. The conventional music industry is falling to bits around us. There’s an historic opportunity to re-invent music in a way that’s fair to musicians and music-lovers, and also creates jobs and wealth in the real economy. It’s vitally important the BBC, with its publicly-funded hobnailed boots, doesn’t ruin that opportunity.

So we’ll do our complaint, wait for it to be rejected, complain to the Trust, and keep battering away. Fun fun fun. (This would never happen in the States).

((WN)) You don’t accept any PRS registered artists at all. Why not?

HAVE YOUR SAY
Do you agree with Paul? Are PRS getting it completely wrong?
Add or view comments

((PC)) We’d love to – after all, we have the same aim as PRS, which is to make it easier for musicians to earn a living from their talent. But we can’t. There’s two reasons.

1. PRS has a barmy standard contract for using their members’ music online. It requires us to pay them a fixed percentage of ALL revenue from that website – whether or not the revenue is derived from their members’ work. So if we had 100,000 songs from non-PRS artists on amazingtunes.com, and one song from a PRS artist, we’d have to pay them a percentage of the revenue from ALL 100,000 songs. I.e., we’d have to take money out of the pockets out of non-PRS artists to pay to PRS. That would be immoral.
2. If we played PRS artists on the radio, we’d have to pay PRS for our use of their members’ music. Sound fair enough? But PRS doesn’t know what to do with the money. They’d put it into a big bucket, then share it out among ALL their artists – not the members whose songs we played, all their artists, including rich and famous signed ones. The vast majority of PRS payments go to a tiny minority of artists (and big record labels). So it would be another case of stealing from Peter to pay Paul. Paul McCartney, that is.

I wrote to the CEO of PRS when we first launched Amazing Radio pointing out these absurdities and asking if we could do a more intelligent deal. I said that I thought we had identical aims – to make life fair for musicians. I suggested we could/should be a feeder to them, introducing new members to PRS as they grew in the music industry. But so far, the PRS head is still firmly in the sand.

((WN)) And how would you suggest PRS could improve? If they did, would you consider allowing artists registered with them?

((PC)) PRS could improve by;

a. buying some computers (so they could handle our comprehensive data about the tracks we play, and then pay the right people);
b. accepting that we want to mix PRS and non-PRS artists, and only asking for a share of the artists they actually represent.

If they did that, we’d sign up. This would not necessarily be popular with our audience. A lot of people – especially charities and small businesses – like the fact that they can listen to Amazing Radio without a PRS licence. But we’d do it anyway, as it would be a better service for musicians.

PRS should also stop threatening to murder law-abiding people who want to listen to music at work

My personal view is that the PRS should also stop threatening to murder law-abiding people who want to listen to music at work. There was a recent case where they threatened someone for singing at work. They actually did that. They later apologized, but it revealed the corporate mentality. I think it’s incredibly counter-productive; it means their members make less money, not more; it’s ruining perceptions of what motivates musicians; it’s causing thousands of people to stop listening to music. When really, PRS should be encouraging that, shouldn’t it?

((WN)) With regard to Amazing Tunes, how many downloads could your most popular artist expect to receive per month and monetary wise, how would this compare to them receiving that number from iTunes?

((PC)) Sorry, but we don’t currently release detailed figures – our competitors would love it, but we’d rather be nice to our artists and our investors instead. We do say that we expect amazingtunes.com artists to make ‘anything from a few quid, to a good living, to a small fortune’. At the moment, because it’s still very early days, people are clustered towards the first two of those options. As things grow – and there’s been incredible growth even in the past few months – we hope/expect more and more artists will start to make tens of thousands of pounds each month. We’ll soon register for the official chart, and our guess is that someone will have a major hit before long. Then everything will go really crazy.

So far as the iTunes comparisons go, the facts are already public domain. An artist on iTunes can expect to make 8p from a 79p download. The same artist on amazingtunes.com will make about 52p. We only deduct the VAT and the cost of the transaction: 70% of what’s left goes to the artist. What’s more, their income will improve over time – the more downloads we sell, the less the transactions cost us, so the more cash there is to give to the artists. That’s one reason we ask people to buy eight or more songs in one transaction – it’s much more cost-effective, less of their cash goes to VISA, more to the artist. (See my Blog post on this here – [1]).

((WN)) Amazing Radio launched in mid-2009. How has it grown since then and what are your current listening figures?

((PC)) It’s gone mad since then. I’ve worked in broadcasting and the media since 1978 (I was very very young then, mind you). I’ve never known anything like it. The reaction has been absolutely incredible – and it’s growing faster than ever right now. The most humbling thing has been the audience feedback – masses of long emails from people we’ve never met, saying they found it by accident, and they love it.

the best guess I’ve heard in the industry is that we have something like 600,000 listeners in the UK on DAB.

We’ve not yet paid for RAJAR audience figures because – well, because we’re a bit mean really, and I’m not convinced they would accurately measure our audience. I think RAJAR is very good at coming out with figures for radio stations that have been going for 40 years, but not very accurate when it comes to new and innovative stations which are also listened to a lot online and especially popular with young people. But the best guess I’ve heard in the industry is that we have something like 600,000 listeners in the UK on DAB. That’s an estimate, but it came from a very wise source. We have slightly more than that number on top as regular users online, and a weekly reach for amazingtunes.com of about two million users. But it’s all growing so fast, those numbers will be out of date by the time you read this.

((WN)) DAB transmission costs are well over half a million pounds a year. How is this being funded currently and how are you planning to fund it in the future?

((PC)) We’re not contractually allowed to tell you what we pay, so we can’t confirm or deny the cost. Whatever the true figure, it is undeniably expensive; but it gives our musicians a chance to be on national radio. We figure it’s worth it. I’m reminded of that wonderful teachers’ union bumper sticker: ‘if you think education’s expensive, try ignorance’. If you think creating the world’s first radio station playing 100% new music is expensive …. try being inaudible.

So far, we’ve been funded by a very small number of private investors, people of enormous wisdom and insight, natch. They understand that we have a very serious, long-term and audacious ambition to change the music industry for the better, to make radio interesting again, and to turn the word ‘amazing’ into a global challenger brand.

This year, we expect to do one final fund-raising in the UK, then to raise a lot of money on the West Coast of the USA to make this absolutely massive and global, fast. They understand this scale of ambition there.

HAVE YOUR SAY
Have you tuned into Amazing Radio? What did you think?
Add or view comments

((WN)) What are your plans for Amazing Radio in 2010? Any exciting announcements to come?

((PC)) ‘Fraid so.

In 2010, we hope to make Amazing Radio the default station for everyone who has ever had that incredible experience of hearing a song for the first time, and having to stop what you’re doing to listen to it: a station for everyone who has broad musical tastes, a respect for musical talent and an open mind. We want it to be constantly surprising, fresh, original, sometimes hilarious, always unexpected.

Blimey, I sound like some corporate twat.

Now (obviously) it wouldn’t be massively unexpected if we suddenly started revealing all the unexpected things in advance – but basically, we’d like the message to spread that we’re doing something different, fresh, original and ethical – so we’ll launch more new programmes and more new services – on Amazing Radio and amazingtunes.com. Things like our virtual radio station Amazing Ambient. [2]. There’ll be some video and some TV along soon too. And other cool stuff.

It may not be ‘insanely cool’; just cool will do just fine.

We also want to do it in other places. E.g. America. We’ve already started there. We’ll be unexpected there too.

((WN)) Finally, your favourite artist on Amazing Tunes/Radio at the moment?

((PC)) Now this will sound like a real cop-out, but I never ever say who my favourite artist is. It’s for a serious reason. I’m not some musical Einstein – I’m merely the bloke who started amazing. And I’m merely a drummer. My taste doesn’t matter. EVERYBODY’s musical taste does. One of the many problems of conventional record companies is that they think geezers in suits in big glass buildings have the right to decide what’s good music. We think the world does. I’ve found hundreds of incredible songs that I love, across loads of styles of music. You’ll find hundreds of your own. Enjoy.

((WN)) Thank you very much for your time Paul. Good luck for 2010.

((PC)) Thanks very much, we really appreciate it. 2010 is going to be amazing.

Retrieved from “https://en.wikinews.org/w/index.php?title=An_interview_with_Paul_Campbell,_founder_of_Amazing_Radio_UK&oldid=4567871”

Woman dies when pet camel tries to mate with her

Monday, August 20, 2007

An unnamed woman from Mitchell, Queensland, Australia has died after her pet camel knocked her down to the ground, stomped on her, and then laid on top of her, in what police suspect was an attempt by the camel to mate with her. The woman was found at 18:30 (AEST) by her husband after he finished feeding his stock at the family ranch.

The woman in question had a fondness for exotic pets, and received the camel as a 60th birthday present. The camel was ten months old, and weighed 152 kg (336 lbs). Camels have lived in Australia since they were transported there in the 1840s. Camels are not normally aggressive, but can become more dangerous if treated as pets.

According to the police, the camel displayed possible mating behaviour. Craig Gregory, Detective Senior Constable for Queensland Police said, “I’d say it’s probably been playing, or it may be even a sexual sort of thing.” One camel expert, Chris Hill, claimed that the animal’s behaviour was definitely sexual.

Retrieved from “https://en.wikinews.org/w/index.php?title=Woman_dies_when_pet_camel_tries_to_mate_with_her&oldid=4272236”

Former Formula 1 designer unveils new electric car

Monday, November 9, 2009

Former Formula One McLaren designer Gordon Murray has unveiled a new all-electric car.

The car model, which is known as the T.27, is due to be developed over the course of the next 16 months with four prototypes. The process that will be used during the course of the manufacturing of the vehicle is called iStream. The technology iStream had been invented by Gordon Murray in 1999 and means that all the parts are designed using a computer.

The project has approximately received £9,000,000 (US$14,919,000) in investment. The electric car is designed for urban purposes, such as in cities or towns. The weight of the vehicle is just 600 kilograms. It has the ability to travel at speeds of up to 60 miles per hour and can go for a maximum of 100 miles between recharges.

The designer thinks that motorists will some day be travelling in vehicles like this. Murray believes that the new car will be ‘the most efficient electric vehicle on earth’.

Retrieved from “https://en.wikinews.org/w/index.php?title=Former_Formula_1_designer_unveils_new_electric_car&oldid=1985507”

Risk Management For Banks And Financial Institutions

By Nick Nikolis

Risk management is the analysis of risk coupled with the implementation of quality risk controls. Risk management is needed for banks and financial institutions, mainly because it insures a margin of safety that guarantees a levered financial firm’s solvency.

The unpredictability and inherent risks associated with the financial markets makes it vital for financial institutions and banks to implement risk management controls. The level of quality risk management policy and controls can make or break (literally) banks or financial institutions.

The term “risk management” has evolved over the past twenty years from the term “insurance management”. This evolved term covers a wider variety of responsibilities than insurance management ever did.

Financial risk management products, derivatives and other such contracts that help hedge and protect the downside, include interest rate swaps, foreign exchange swaps and contracts, as well as a plethora of derivative securities. There are dozens of types of risk management related derivative products, the most popular of them Credit Default Swaps.

The most important part of risk management is the transferring of risk. A bank or a financial institution can protect itself from the potential risks and pitfalls of its asset portfolio by purchasing some Credit Default Swaps.

Credit Default Swaps, the most popular kind of derivative, are derivative swaps that transfer exposure to fixed income assets (bonds, mortgages, loans) from the purchaser to the seller of said derivative.

[youtube]http://www.youtube.com/watch?v=58f3yseAlEw[/youtube]

Credit Default Swaps are more or less an insurance policy taken out by a creditor that pays out if the borrower defaults. The underwriter of the swap, in return for agreeing to assume the risk of the underlying asset, receives a stream of premium payments (premiums like the ones received by insurance companies).

Credit Default Swaps are the most popular form of Credit Derivative, derivative products that protect creditors against systemic risks in both the market and in the borrower.

Risk management related credit derivative products such as Credit Default Swaps, albeit good hedges for risk, are truly double edged swords, if coupled with wanton speculation and overleveraging.

In recent years risk management products such as credit derivatives have evolved into vehicles of speculation, instruments used by financial firms and institutions to make speculative and sometimes irresponsible bets on market movements.

Lack of regulation, coupled with poor understanding of complex and Byzantine instruments, led to the credit derivative market degenerate into, to put it bluntly, a Wall Street casino.

The downturn in the housing markets has led this derivative house of cards (no pun intended) to collapse upon itself, leading to insolvency and systemic failure. Credit default swaps, however are a zero sum game. Some financial institutions have profited from correct bearish housing market bets.

If risk management products were used responsibly by banks and financial institutions, instead of used to make levered bets, the whole financial calamity could have been minimized. It is quite ironic that systems put into place to reduce risks ending up being the root of exacerbated risk.

Once the damages of the financial crash are cleaned up and settled, proper risk management can again be put into place. The need for regulation, however, is an issue up for debate.

There are too many arguments for and against regulation of credit derivative markets for there to be a concrete solution to the credit derivative problem.

There is simply too much nuance in the moral, social and financial ramifications of credit derivative rules, regulation and policy; in no way is the credit default swap debate a black or white issue.

As long as banks and financial institutions use credit derivative products such as credit default swaps for hedging purposes only, the integrity of the risk management instruments will stay in place.

The whole concept of risk management for banks and financial institutions is nullified by improper and risky speculative activities. Risk management, if done in a proper and responsible way, can effectively mitigate systemic and market risks, risks that are both inherent in today’s global financial marketplace.

For risk management to truly be risk management there should be zero tolerance for rampant, irresponsible speculation. The last thing a bank or a financial institution needs to do is exacerbate its risks by mixing gambling (speculation) with risk management.

About the Author: Nick Nikolis is living and working in Rhodos Greece and writing about Self help, Business, Hospitality Industry and destinations. Check here Rhodes Greece villas and Rhodes Greece apartments.

Source: isnare.com

Permanent Link: isnare.com/?aid=365070&ca=Finances

Spy drones to be launched over the UK skies

Monday, May 21, 2007

Police in the United Kingdom are now testing the use of “spy drones” in the skies over the country in a bid to stop criminal activity.

The drone will be equipped with cameras linked to CCTV, and will be only one meter in width and will weigh 2 to 3 pounds. The camera will be able to take images of the surrounding area as far away as 500 meters and at an altitude of almost 2,000 feet. It is powered by batteries and is reported to look much like a “miniature helicopter.”

The operator views the output via a head mounted display and uses this to control the aircraft.

“It is a cost-effective way to deal with situations where you have to deploy a lot of officers,” said a Merseyside Police Force spokeswoman, Louise Burton.

The drone was originally built for military use.

Retrieved from “https://en.wikinews.org/w/index.php?title=Spy_drones_to_be_launched_over_the_UK_skies&oldid=724735”

Edmund White on writing, incest, life and Larry Kramer

Thursday, November 8, 2007

What you are about to read is an American life as lived by renowned author Edmund White. His life has been a crossroads, the fulcrum of high-brow Classicism and low-brow Brett Easton Ellisism. It is not for the faint. He has been the toast of the literary elite in New York, London and Paris, befriending artistic luminaries such as Salman Rushdie and Sir Ian McKellen while writing about a family where he was jealous his sister was having sex with his father as he fought off his mother’s amorous pursuit.

The fact is, Edmund White exists. His life exists. To the casual reader, they may find it disquieting that someone like his father existed in 1950’s America and that White’s work is the progeny of his intimate effort to understand his own experience.

Wikinews reporter David Shankbone understood that an interview with Edmund White, who is professor of creative writing at Princeton University, who wrote the seminal biography of Jean Genet, and who no longer can keep track of how many sex partners he has encountered, meant nothing would be off limits. Nothing was. Late in the interview they were joined by his partner Michael Caroll, who discussed White’s enduring feud with influential writer and activist Larry Kramer.

Retrieved from “https://en.wikinews.org/w/index.php?title=Edmund_White_on_writing,_incest,_life_and_Larry_Kramer&oldid=4520289”