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Wednesday, July 21, 2010

Australian opposition leader Tony Abbott has pledged private school relief if the Liberal/National coalition wins the upcoming federal election. The pledge came in response to the Australian Labor Party leader, and current Prime Minister, Julia Gillard proposing a uniform and school equipment tax break expansion.

Abbott’s proposal includes an offer of tax rebates for sending a child to a private school. For students in primary school, prep to grade 6, the rebate will rise to $500 Australian a year per student and families will be then able to claim 50% rebate up to $1000.

“We are expanding the rebate so it can be claimed for school fees and also for other educational costs such as tuition and special educational costs for children with, for instance, dyslexia,” Abbott said at a press conference in Brisbane.

Before the election was called, Gillard had aimed to pledge $220 million over four years to expand the current tax breaks to cover refunds each worth $390 for primary school uniforms and $779 for high school uniforms, as well as refunds for other school equipment like texts books and computers.

“We all know that uniforms can be an expensive part of sending kids to school, but this change, along with the existing refund for textbooks and computers, will help families with that cost,” stated Gillard.

An opposition spokesperson claimed that the “obvious flaw in Labor’s policy is that it only applies to stationery, computer expenses and uniforms […] You know as a parent that you need help for a whole range of expenses. Extra teachers for children with dyslexia or the costs of doing music and all the other expenses like excursions and so forth.”

The expansion is expected to cost $760 million in total and one that Abbott claims needs to happen as “cost of living pressures tend to be greatest when your kids are at school”.

Saturday, June 28, 2008

To promote the craft design of indigenous peoples in Taiwan, the Council of Indigenous Peoples of Executive Yuan, the show organizer, made an inception on crafts of indigenous peoples with the “2008 Taiwan Indigenous Peoples Craft Exhibition” in the Ketagalan Culture Center in Taipei, Taiwan.

As of the organizer, this exhibition was set to discover more excellent artisans from indigenous peoples and promote the excellent crafts of indigenous peoples in Taiwan to bring on the sustainability of the traditional indigenous tribes.

Not only this show until June 29, but the 2008 Taiwan Designers’ Week from tomorrow (June 28), in addition to 2008 Taipei In Style from July 10, will bring on the other opportunities for cultural, creative, and the fashion-related industries.

Tuesday, June 29, 2010

NASCAR Sprint Cup Series driver Jimmie Johnson won his second consecutive race of the season on Sunday during the 2010 Lenox Industrial Tools 301 at New Hampshire Motor Speedway. It was his fifth victory in the 2010 season of the US’s leading professional stock car series, drawing him level with Denny Hamlin for the most wins. The victory earned Johnson 190 points (including a 5 point bonus), moving him closer to point leader Kevin Harvick, but he is still 105 points behind in second position.

With eight laps remaining, Kurt Busch, who was running second, bumped Johnson to become the leader, but Johnson returned the favor a couple laps later to the lead the final two laps. Johnson said, “Kurt knocked me out of the way. At that point, I thought, I don’t care if I win or finish. I’m going to run into him one way or the other … I tried once and moved him. (I thought) I’ve got to hit him harder. The second time I did and moved him out of the way.” Tony Stewart finished in the second position, ahead of Kurt Busch and Jeff Gordon in third and fourth. Ryan Newman, Clint Bowyer, Dale Earnhardt, Jr., Joey Logano and A. J. Allmendinger rounded out the top ten positions. The race had total of four cautions and sixteen lead changes among nine different drivers. Kasey Kahne led the most laps by leading 110.

In the point standings, Harvick and Johnson remained in the first and second position. Kyle Busch, because of his accident with Jeff Burton maintained the third position while his team mate Hamlin is fourth. Gordon, Kurt Busch, Matt Kenseth, and Burton followed in the top-eight points positions. Stewart move up one position after finishing second and is in the ninth position, as {{|Greg Biffle}} fell to tenth. Mark Martin and Carl Edwards rounded out the top-twelve, and is currently in the Chase.

Friday, November 13, 2009

Wikinews interviewed author Marc Headley about his new book Blown for Good, and asked him about life inside the international headquarters of Scientology known as “Gold Base“, located in Gilman Hot Springs near Hemet, California. Headley joined the organization at age seven when his mother became a member, and worked at Scientology’s international management headquarters for several years before leaving in 2005.

Thursday, September 21, 2017

On Monday night, New Jersey, US-based toy retail giant Toys R Us filed for bankruptcy in the US as well as in Canada. The retailer filed it from Richmond, Virginia for Chapter 11 bankruptcy code in the US, and a judge allowed a loan of over US$2 billion.

According to the filing, the retail chain owns US$6.6 billion in assets, but has a debt of US$7.9 billion. They were under a roughly US$5 billion debt since the company underwent a three-way acquisition in 2005. Kohlberg Kravis Roberts, Bain Capital, and Vornado Realty Trust acquired Toys R Us for around US$7 to US$7.5 billion. After the US judge approved a loan, Toys R Us received about US$3 billion from the lenders to continue the business and survive a competitive market, and restructure their business model. E-commerce giant Amazon.com, Walmart and Target are some of the competitors for the conventional ‘brick and mortar’ toy shop, with lower priced-merchandise and fast, cheap delivery. In a conference call in June, CEO Dave Brandon said “very, very aggressive pricing online” was causing problems. He also said the company was experiencing “significant weakness in demand for their products globally”. Toys R Us are to clear a debt of US$400 million by May 2018.

Toys R Us said they would continue to operate for the holiday season. Bankruptcy lawyer Jeff Gleit said Toys R Us “need to do both a financial restructuring as well as an operational restructuring” and “needs to modernize with the times”. Last holiday season, Toys R Us made sales around US$4.5 billion. Overall, the company reported a US$29 million loss in 2016. CEO Brandon said, “Our objective is to work with our debt holders and other creditors to restructure the US$5 billion of long-term debt on our balance sheet, which will provide us with greater financial flexibility to invest in our business”.

Toys R Us employs more than 60 thousand people in 38 countries around the world in more than 1600 stores. The company’s stocks fell by six percent after filing for Chapter 11 protection. US bankruptcy code Chapter 11 allows the company to restructure under a plan approved by the court. The company would also be shielded from creditors’ claims during the process. For the stores located in Canada, Toys R Us filed bankruptcy in Ontario and are to undergo reorganisation. However, 259 stores located outside the US or Canada will not undergo reorganisation, the company said.

Over 300 US-based retailers have filed for bankruptcy this year, and hundreds of stores closed.

Monday, September 24, 2007

Marion Schaffer is running for the Green Party of Ontario in the Ontario provincial election, in the Oakville riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.

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

Thursday, August 14, 2014

On Tuesday many internet routers, used to find the pathways to different parts of the web, reached their memory limit of 512,000 entries in the tables they use to store the routes, causing problems for many users.

A router is used to direct a user towards the area of the internet where they will find the content they are looking for, e.g. a web page. The recent problem was caused by the arbitrary memory limit built into the design of many aging routers. A limit was needed to prevent the cost of hardware from becoming prohibitively expensive in the days when physical data storage was still comparatively expensive. This small amount of memory in turn limits the number of directions which can be stored on a single router leading to different parts of the internet. When this limit was reached, it caused outages of services among Internet Service Providers. Many routers, including older ones provided by Cisco Systems Inc., are limited to storing a total of 512,000 routes or paths.

This limit was reached on Tuesday, reported to have been triggered by Verizon publishing another 15,000 paths. Those affected included eBay, LastPass, and clients of the web hosting company Liquid Web, who lost much of their services until Verizon withdrew some of these new paths. Problems nevertheless continued throughout the day, even after the withdrawal.

A longer term fix is possible, but it would require manually replacing old routers with newer, more capable ones. It is hard to tell what issues would temporarily cascade though the internet by taking down routers from part of the internet for maintenance. Many experts have warned that problems could continue until these difficult fixes have been implemented, although the recent switch to a newer form of IP Addresses, IPv6, will temporarily help the issue. Wired News reported that Andre Toonk, a network engineer, had stated that the number of network outages on the internet, typically around 1,500, yesterday peaked at 2,587, enough to become clearly noticeable.

Friday, June 23, 2006

The Principality of Sealand is currently being checked, after a fire caused havoc to the ex-World War II tower. Fire fighters from the Thames Coastguard poured water onto the structure, and rescued a security guard who was taken to Ipswich hospital by an RAF helicopter, suffering from smoke inhalation. It is believed that the fire was started by a fault in a generator. The Harwich off-shore lifeboat team attended the platform, and described the top platform as having caught alight due to an ‘electrical fire’.

Sealand, formerly HM Fort Roughs, is a self declared principality comprising of an old army fort. It was built to deter, and report back on, any German attempts to lay mines using aircraft in the channel of the Thames. The offshore company HavenCo used it to hold servers for the computer industry.