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Time Warner/Comcast bid to snap up Adelphia cable service

April 9, 2005

A bid topping $17.7 billion was jointly proffered by Time Warner Inc. and Comcast Corporation on Thursday to buy beleaguered Adelphia Communications Corporation in an industry consolidation move. Adelphia is the fifth largest cable service provider in the United States with nearly 5 million subscribers.

The market-share grabbing bid trumps the previous Cablevision offer of $16.5 billion. The bid is under scrutiny by the presiding judge over the Adelphia’s Chapter 11 bankruptcy filing, and must also be approved by the company’s creditors owed in the range of $20 million.

The acquisition race to gain dominance in the cable service provider market is driven by the high cost of installation and maintenance of cable lines. Fiber optic networks deliver traditional entertainment programming over a cable wire and is becoming increasingly popular for broadband internet content. The growing trust and recognition of Voice over Internet Protocol (VoIP) suggests phone service subscribers will eventually migrate to cable voice communication as opposed to keeping with traditional copper land lines. Telephone company operators are scrambling to keep up.

The largest percentage of the bid would be put up by Time Warner (TW), who could gain by getting subscribers from the valuable Los Angeles market currently owned by Comcast and Adelphia. TW can also simultaneously divest itself of a stake owned by Comcast in TW by making a tax-free swap using some of the newly garnered Adelphia subscribers.

While the consolidation would likely get a look by the government with an eye towards a growing monopoly in the market, it would doubtfully be blocked considering the existence of competing technologies. Competition exists in the form of still numerous television by airwaves usage, satellite providers, radio content companies, and telecom providers.

Adelphia suffered a corporate scandal in 1992 with similarities to the WorldCom fall. Members of the Rigas family, founders of the company, were alleged to have siphoned off millions of dollars and hidden $2.3 billion leading to the bankruptcy filing. John Rigas and son Timothy were convicted July of 2004 and await sentencing.

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Childhood pneumonia can be cured at home

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Childhood pneumonia can be cured at home
April 17th, 2019 | Uncategorized |

Saturday, January 5, 2008

A new study by researchers of Boston University’s School of Public Health and colleagues sponsored by the World Health Organization (WHO) shows children with severe pneumonia can be effectively treated at home and do not need to be hospitalized. This finding is hugely significant for developing countries where children cannot be brought to a hospital easily or where no hospitals exist.

Per the study the change of treatment could save many children’s lives and take pressure off health systems. Every year pneumonia kills 2 million children under the age of 5. The researchers found that antibiotics given at home could significantly reduce deaths.

The group examined 2,037 children between 3 to 59 months in seven areas in Pakistan. About half of them were given antibiotics and sent home while the other ones got intravenous antibiotics in the hospital. Both groups were found to show equal progress in healing off the illness.

Current WHO guidelines recommend that pneumonia should be treated in a hospital with injectable antibiotics. With the new study there are indicators that pneumonia can be treated just as effectively at home with oral antibiotics.

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Security threats directed at US Democrats

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Security threats directed at US Democrats
April 16th, 2019 | Uncategorized |

Wednesday, March 24, 2010

The US Federal Bureau of Investigation (FBI) is looking into threats made against Democratic members of the US House of Representatives. The threats were directed at members of Congress who supported the recent health care reform legislation.

Virginia’s 5th district representative Tom Perriello’s brother’s home had its gas line cut early Wednesday. Another Democrat, Louise Slaughter of New York’s 28th district, had a brick thrown through her offices window.

House Majority leader Steny Hoyer held a press conference about the threats and multiple instances of vandalism involving the offices of Congresspersons who voted on the Patient Protection and Affordable Care Act. Hoyer said that “[t]he incidents of threats whether in person or through telephones or through other communication devices, have given great concern to members, for the safety of themselves and their families.”

House Minority leader John Boehner said that the incidents show the American peoples’ feelings for the new bill, but “violence and threats are unacceptable.” He added, “that’s not the American way, we need to take that anger and channel it into positive change.”

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Category:May 31, 2010">
Category:May 31, 2010

April 14th, 2019 | Uncategorized |
? May 30, 2010
June 1, 2010 ?
May 31

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Hidden treasure worth billions of dollars discovered in Indian temple">
Hidden treasure worth billions of dollars discovered in Indian temple

April 14th, 2019 | Uncategorized |

Monday, July 4, 2011

Officials announced that a treasure containing sacks of diamonds and gold coins as well as golden idols, jewelry and other riches has been discovered in the secret subterranean vaults of Sree Padmanabhaswamy temple, in the southwestern state of Kerala, India. Estimates of its worth have been rising and it is now thought to be worth US$20 billion.

The Hindu temple was built in the 16th century by the kings of the then Kingdom of Travancore to serve as a royal chapel for the rulers of Travancore. The six vaults containing the treasure have been undisturbed for over a century. Assessment of the treasure began on June 27 after a lawyer concerned about the security of the treasure petitioned India’s Supreme Court, which then appointed a seven-member panel of experts to inventory the treasure. The panel does not have the power to determine to whom the treasure will belong. Estimates of the treasure’s worth are rising, provoking a heated debate as to how the treasure will be used in a country that has 450 million poverty-stricken people.

The chief minister of Kerala, Oommen Chandy, announced on Sunday the treasure would remain with the temple, and security matters would be decided in consultation with the Travancore Royal Family, the temple management, and the temple priest.

The gold was offered to the lord. It is the property of the temple.

“The gold was offered to the lord. It is the property of the temple. The government will protect the wealth at the temple,” Oommen Chandy said. Meanwhile, hundreds of armed police have been deployed around the temple to protect the treasure.

However, the view that the treasure should remain at the temple has been disputed. Among the dissenters is eminent jurist V R Krishna Iyer, who said the treasure should be put in a national trust for the peoples’ benefit. “God’s wealth belongs to the people, not to the king. It’s meaningless to say that it belongs to Hindus or any particular religious community,” said Iyer. “A mechanism should be devised to ensure that the benefits of it reach the poor and the needy and not the rich.”

Five of the six vaults of the Sree Padmanabhaswamy Temple have been inventoried.

God’s wealth belongs to the people, not to the king. It’s meaningless to say that it belongs to Hindus or any particular religious community.

On Saturday, reports leaked to the press revealed that the treasure, including a golden idol of Mahavishnu and a golden ‘anki’, were found in one of the vaults, estimated to weigh 30 kilograms, along with precious stones, silver, two coconut shells of pure gold and another golden idol as well as other jewels and valuable coins. The panel hopes to find more treasure when the sixth and final vault is opened, but the attempt was suspended on Monday because the iron door inside presented “technical problems” requiring further consultation before opening. This vault is thought to contain the bulk of the wealth.

Keralan officials in a preliminary estimate said that the treasure was worth over US$11.2 billion; those estimates have now risen to US$20 billion. Historians say that the temple’s location on a site through which passed lucrative trade routes support the higher evaluations.

“Traders, who used to come from other parts of the country and abroad for buying spices and other commodities, used to make handsome offerings to the deity for not only his blessings but also to please the then rulers,” said P.J. Cherian, the director of Kerala Council for Historic Research

Some suggest that the profit from the sale of the treasure would be enough to wipe out the entire public debt of Kerala and fund future Kerala projects such as seaports, airports and highways.

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Andrea Muizelaar on fashion, anorexia, and life after ‘Top Model’">
Andrea Muizelaar on fashion, anorexia, and life after ‘Top Model’

April 14th, 2019 | Uncategorized |

Monday, November 26, 2007

In the 18 months since Andrea Muizelaar was crowned winner of the reality TV series Canada’s Next Top Model, her life has been a complete whirlwind. From working in a dollar store in her hometown of Whitby, Ontario, to modeling haute couture in Toronto, she had reached her dream of becoming a true Top Model.

But at what cost? Unknown to casual television viewers, Muizelaar had been enveloped in the eating disorder anorexia nervosa, which inevitably became too much for her to bear. She gave up modeling and moved back to Whitby, where she sought treatment for her disorder, re-entered college, and now works at a bank. Where is she now? Happy and healthy, she says.

Recently Andrea Muizelaar sat down with Wikinews reporter Mike Halterman in a candid interview that stretched to nearly two hours, as she told all about her hopes and aspirations, her battle with anorexia, and just what really happened on Canada’s Next Top Model.

Contents

  • 1 Andrea’s beginnings
  • 2 Andrea on her road to modeling, and America’s Next Top Model
  • 3 Experience on Canada’s Next Top Model
  • 4 The message she wrote to her fans on her facebook group
  • 5 Her brief modeling career
  • 6 “Happy and healthy”
  • 7 Source

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Preliminary report released on Spanair disaster that killed 154">
Preliminary report released on Spanair disaster that killed 154

April 7th, 2019 | Uncategorized |

Saturday, October 11, 2008

A preliminary report has been released into the disastrous crash of Spanair Flight 5022 in Madrid, Spain on August 20, which killed 154. The report confirms an earlier leaked finding that the wing flaps failed and no warning sounded to alert the pilots.

The MD-82 was headed from Barajas airport to the Canary Islands. Video footage from airport security cameras shows the airliner travelling across an unusually long distance of runway before take-off. It failed to maintain altitude and quickly dropped back down at the runway’s end, before bursting into a fireball. Just eighteen people survived the accident.

The report confirms that the aircraft failed to get beyond forty feet off the ground before entering a stall and crashing. The tail of the jet struck the ground first, and the Spanish Civil Aviation Accident Investigation Commission (CIAIAC)’s report also notes that the aircraft was carrying 10,130 litres (2,673 gallons) of fuel.

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The wing flaps were “fully retracted” at “0 degrees” according to the 12-page report, which also notes that the cockpit voice recorder indicates a complete failure of the take-off warning system (TOWS) – which is supposed to alert pilots attempting to take off in a plane that is not properly configured – to sound prior to the failed ascent. Spanair checks the TOWS each day and after every change in flight crew, but neither of these occurred between the accident flight and the flight before.

It is not known when the CIAIAC’s final report will be ready, but estimates vary from a few months to two years. The latest report notes “The investigation continues. It will be necessary to carry out tests and an exhaustive examination of the recovered parts of the plane.” A separate judicial investigation also continues.

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Thousands take to streets protesting ‘ratbag’s Bedroom Tax">
Thousands take to streets protesting ‘ratbag’s Bedroom Tax

April 4th, 2019 | Uncategorized |

Sunday, March 31, 2013

Demonstrations took place across the UK over the holiday weekend, echoing the message personally delivered to Iain Duncan Smith at a Capita-sponsored talk last week. Chants of “Axe, axe, axe the bedroom tax” could be clearly heard throughout Edinburgh’s demonstration. At the end of his minute-long tirade at the Secretary of State for Work and Pensions, Willie Black labelled Duncan Smith a “ratbag”; several people turned up with this printed on their tee shirts.

Wikinews photographed the march from Edinburgh’s St. Andrew’s Square to the Scottish Parliament. Various estimates put the number in-attendance between 1,200 and 1,600.

Other protests took place in London, with an estimated 1,000 at Trafalgar Square and Downing street. Glasgow saw around 2,500 take to the streets. Those demonstrating equated the package of changes that see benefit rises at a below-inflation 1%, and housing benefit cut by 14% for those with one spare room, 25% if they have two or more spare rooms, with the ‘poll tax’ which saw riots in England during Margaret Thatcher’s time as Prime Minister.

Head of the UK’s National Housing Federation David Orr commented: “It’s bad policy, it’s bad economics, it’s bad for hundreds of thousands of ordinary people whose lives will be made difficult for no benefit — and I think it’s about to become profoundly bad politics.”

With the policy coming into effect now, protesters are intent on a “can’t pay, won’t pay” civil disobedience campaign.

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Deadly fire below US President’s Trump Tower residence">
Deadly fire below US President’s Trump Tower residence

April 3rd, 2019 | Uncategorized |

Tuesday, April 10, 2018

On Saturday, the Trump Tower, in Midtown, New York City, caught fire shortly before 18:00 EST (2200 UTC) on the 50th floor, claiming the life of a 67-year-old resident, Todd Brassner, who lived in apartment 50C. All other residents were evacuated without incident. During the fire, six firefighters received non-life-threatening burns and other minor injuries. Neither US President Donald Trump nor the First Family were in the building at the time of the fire.

The high-end Fifth Avenue address is the personal residence of President Donald Trump, whose family occupies the top three stories of the 58-story building. The US Secret Service maintains a constant security presence inside the building with the New York City Police Department guarding a hard perimeter, intended to stop vehicular attacks, and a soft perimeter, intended for on-foot attacks.

The four-alarm fire required 200 firemen, extra police, and paramedics. At 20:00 EST (0000 UTC Sunday), the New York City Fire Department (FDNY) declared the fire was under control. Trump tweeted, “Firemen (and women) did a great job. THANK YOU!” This is the second fire at Trump Tower since the election; previously on January 8, a fire was caused by an electrical malfunction in a cooling tower on the roof. Three FDNY firefighters received minor injuries, and all residents and office workers evacuated without incident on that occasion.

Trump Tower provides a number of unique problems never before encountered by the Secret Service. Never has a US President’s personal residence been inside a skyscraper or in a densely populated area like Midtown. The security measures have disrupted vehicular and pedestrian traffic requiring time consuming detours and delaying emergency response.

The New York Fire Code did not mandate sprinkler systems at the time Trump Tower was built in 1983, which might have reduced the size and severity of the fire had they been present. The 50th-floor apartment was, according to FDNY Fire Commissioner Daniel Nigro, “[T]he apartment was virtually, entirely on fire.” The Secret Service monitors all the fire alarms in the building but it took time to find the source of the thick black smoke emanating from the fire. Secret Service Agents escorted the firefighters throughout the building, including the Trump residence.

Brassner, the sole casualty, was unconscious when firefighters pulled him out of apartment 50C. He was transported to Mount Sinai Roosevelt Hospital. Originally listed as critical, he was pronounced dead sometime during the night. Brassner, guitar collector, was acquainted with artist Andy Warhol and was acknowledged in Warhol’s 1989 autobiography, The Andy Warhol Diaries. The cause of the fire is unknown, with investigations into Brassner’s death and the emergency response ongoing. Currently, the Secret Service leads the investigation.

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Strong earthquake near Solomon Islands, tsunami reported">
Strong earthquake near Solomon Islands, tsunami reported

April 2nd, 2019 | Uncategorized |

Sunday, April 1, 2007

A magnitude 8.1 undersea earthquake triggered a tsunami that has killed at least fifteen people, including six children, in the Solomon Islands. Tsunami warnings have been issued for parts of Australia as well.

According to the US Geological Survey, the magnitude 8.0 quake struck Sunday, April 1, 2007 at 20:39:56 (UTC) about 45 km (25 mi) south-southeast of Gizo, New Georgia Islands, Solomon Islands, at a depth of 10 km.

Contents

  • 1 ‘Disaster’ declared in the Solomons
  • 2 Region on alert
  • 3 Related news
  • 4 Sources

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