US toy retail giant Toys R Us files for bankruptcy in US, Canada

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.

Do You Have Faulty Plumbing In Bryn Mawr, Pa And Need A Plumber?

byphineasgray

As many homeowners can attest, plumbing problems are no fun. Not only are they sometimes expensive to repair, they can be very unsanitary to deal with. Faulty plumbing is especially common in older homes. Hiring a Plumbing Bryn Mawr PA contractor can generally eliminate most plumbing problems.

Faulty plumbing can show itself in many ways. Here are a few signs that a plumbing contractor may need to be hired:

Water from the washing machine draining backs up into the kitchen sink.

Flushing the toilet cause water to regurgitate up into the bathtub.

Water is seeping out from under the toilet.

Bathtub water does not drain very well.

Toilet does not flush properly causing the water to flow over the top of the bowl

Hot water heater causes the house to become flooded.

Leaky faucets

Faulty gas lines or gas leaks

These are just a few of the issues that can cause the need of a Plumbing Bryn Mawr PA contractor. Once you decide you need these issues fixed, it is time to do some research. Ask your co-workers and family members if they have any recommendations as to who a good Plumber is. Make a list and verify that the plumber is a licensed professional. It is definitely to your advantage to hire someone that knows what they are doing. A professional plumbing contractor will know what permits are required in the area and what needs to be done to obtain them.

Once you have narrowed down the list, contact a few of the contractors to schedule an appointment for them to come out and give an estimate on the job that needs to be performed. Getting several estimates will give you a rough idea of how much the job will cost. Make sure the contractors have insurance and are bonded in case of any problems. Once you have determined which Plumbing Bryn Mawr PA professional you are going to hire, make sure to get everything in writing. This should include the job detail list, associated costs, warranty information, etc. Once the repairs are completed, the water flow in the house should be up to par.

Ontario Votes 2007: Interview with Green candidate Marion Schaffer, Oakville

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.

Parts of internet break as ‘512k day’ reached by routers

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.

Sealand wrecked by fire

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.

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Moisture and Mold

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Virginia Wherland

Much moisture can be floating around in the atmosphere of a home in the winter. This could be because millions of us have switched from the occasional log fire in our living room fireplace to the occasional gas fire – either natural gas or propane. But it could also be because mold is always with us – just waiting for the environment to become perfectly moist so that it can move in quietly and unannounced.

Moisture doesn’t quite cause mildew and mold, but it does make it comfortable for them to set up a colony! Mold is a problem that is not very good for us – especially those of us who have any kind of respiratory disease. One obvious way to reduce levels of mold is to reduce levels of moisture. Nature has provided us with fresh air and sunlight for this.Mold growth can actually be seen on surfaces and it is mostly seen as a patch of gray, brown, greenish or black discoloration. Mold thrives on leaves, wood, paper or dirt, all of which must have an element of dampness. Tiny spores are released into the air from these mold organisms and it is these that affect our lungs. Moisture is particularly prevalent in bathrooms – due to bathing, showering and the steam emitted; it can also be hiding in the bathrooms beneath the surfaces where water may have once seeped undetected. Humidifiers and the drying of wet clothes indoors is another common source of dampness, as is a leaking roof. Mold can and will affect health, particularly if it is widespread in a home. Apart from the tell tale discolored patch, there is also a musty smell associated with mold which is partly from the gasses given off by the microbes. If you do have a mild problem that you are going to tackle, be sure to wear a respiratory mask. As you clean, you will dislodge the spores and your lungs and airways will be right where the airborne spores will be floating around. Try to buy an N-95 particulate respirator from the local hardware store for maximum protection.Throw away or burn all moldy material, scrub down walls or non porous areas with a detergent; for uneven surfaces clean with a stiff wire brush. Renting a wet/dry vacuum is recommended and cleaning all your air ducts is also advisable. Clean all areas with a bleach solution and actively dry the area over a 2 day period. For this you may require to hire a fan heater that circulates warm air. Cleaning up mold is a long and tiresome job, but it will prevent many respiratory problems such as wheezing, coughing and sore throats. Getting rid of mold may also improve susceptibility to sinus congestion and eye irritation. Young children, asthmatics and older folk will be particularly susceptible to air-borne spores, but the longer that healthy residents breathe in this tainted air the more likely it is that they may develop allergies to it.

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United States: One person dead after boat to offshore casino burns off Florida coast

Wednesday, January 17, 2018

On Sunday, a boat ferrying people to a floating casino in the Gulf of Mexico caught fire and burned near New Port Richey, Florida, US. All 50 passengers aboard abandoned ship and jumped into the sea, but one died in hospital that evening.

Beth Fifer, assistant chief executive of the Tropical Breeze Casino Cruise, said that the fire started at about 3:30 PM, local time, as the boat was outbound to the casino. According to Gerard DeCanio, the police chief of Port Richey, the captain saw smoke coming from the engine and turned back, then grounded the boat in shallow water.

The boat was rapidly engulfed in flames. Those aboard had to jump about ten feet into waist-high water and swim or wade ashore to safety. The police said that about fifteen were treated at local hospitals, including for possible hypothermia from exposure to the cold sea water. The one fatality, a 42-year-old woman, went to the emergency room at Regional Medical Center Bayonet Point hours later and died at 10:42 p.m., according to Kurt Conover, a spokesman for the medical center and Kevin Doll, a spokesman for the Pasco County Sheriff’s Office.

Passenger Qaadia Culbreath told WFLA-TV that he couldn’t swim and didn’t see any life jackets, so he found himself “dangling off the metal hanger in the front of the boat because I didn’t want to let go”. Andrew Fossa, deputy fire chief of Pasco County, described locals who assisted the passengers as they scrambled to shore as “phenomenal”.

According to police chief DeCanio, the boat captain had reported engine trouble on earlier trips. Fifer said, “It would’ve never left the dock if we knew something was wrong with it.” The Coast Guard has announced that they will review maintenance records. The casino operates offshore, requiring a boat to ferry gamblers to and fro, because casino gambling is not legal in the state of Florida.

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Reform Party of the United States nominates fitness model Andre Barnett for president

Tuesday, August 14, 2012

Fitness model Andre Barnett of Poughkeepsie, New York won the presidential nomination of the Reform Party of the United States at its national convention in Philadelphia last weekend. Consultant Kenneth Cross was selected as his running mate.

Barnett, who founded the company WiseDome, became a fitness model after suffering an injury in a 2000 helicopter incident while serving in the U.S. Army. He participated in last January’s Wikinews Reform Party USA presidential candidates forum, along with then-candidates former Savannah State football coach Robby Wells and Earth Intelligence Network CEO Robert David Steele.

Both Wells and Steele withdrew long before the convention as did others who later announced their candidacies, notably former Louisiana governor Buddy Roemer and former Council of Economic Advisers Senior Economist Laurence Kotlikoff. As Wikinews reported in June, historian Darcy Richardson also sought the nomination, but he tells Wikinews that he did not attend the convention and withdrew from the race in July, “once it became clear the party wasn’t going to qualify for the ballot in Arkansas, New Jersey and a few of the other relatively easy states.”

Two other candidates — Cross, who later won the vice presidential nomination, and Dow Chemical worker Edward Chlapowski — attended the convention, where they debated Barnett before the delegate vote.

In his acceptance speech, Barnett referred to the Reform Party as “the microcosm of America”, and proclaimed that as the party’s nominee, he would not focus on social issues that “[belong] outside of politics”, but instead would center his campaign on the economy, defense, and education.

The Reform Party currently has ballot access in four states: Florida, Louisiana, Mississippi, and Kansas; but in June, the disaffiliated Kansas Reform Party chose to nominate 2008 Constitution Party presidential nominee Chuck Baldwin.

Sydney Opera House listed on World Heritage List

Thursday, June 28, 2007

The World Heritage Committee of the United Nations Education, Scientific and Cultural Organisation has today announced in Christchurch, New Zealand that the Sydney Opera House has been added to the World Heritage List of culturally significant sites.

It is the third time that a bid has been made to include the Opera House in the list, after failing to receive enough votes in 1981 and 1996. Roni Amelan, UNESCO spokesman said the decision to list the Opera House was unanimous.

“There was consensus that it was a truly outstanding, iconic building that was a defining moment in 20 century architecture,” said Mr Amelan.

The committee described the Opera House as daring and influential. “It is a daring and visionary experiment that has had an enduring influence on the emergent architecture of the late 20th-century,” claimed the committee. “The building is a great artistic monument and an icon.”

The Sydney Opera House becomes the youngest building to be listed on the register, being built in October 1973. It joins other landmarks such as the Taj Mahal, Statue of Liberty and the Egyptian Pyramids. The Opera House becomes only the second Australian building on the list, joining the Melbourne Royal Exhibition Building and Carlton Gardens, which were added in 2004.

As a result of the listing, a 2.5 kilometre buffer will be enforced around the Opera House to protect views to and from the building. If the World Heritage values of the site are breached, the site can be placed on an endangered list and removed from the register.

Australian Prime Minister, John Howard said the Opera House is treasured throughout the world. “The Opera House, and its setting at Bennelong Point on Sydney Harbour, is an iconic and treasured place, not just for Australians but also internationally,” he said.

An excited NSW Premier, Morris Iemma informed state parliament of the UNESCO’s decision.

Jorn Utzon, the architect of the Opera House gave a statement from his home in Denmark expressing the honour of having one of his buildings listed on the register.

“World Heritage listing gives the building … a completely new value,” Mr Utzon said. “It is a gift to the city of Sydney.” Mr Utzon said it was the vision of those who worked on the construction of the Opera House for it to be Sydney’s greatest landmark.