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Friday, April 3, 2009

General Motors (GM) and Chrysler will receive bridge loans from the government of Canada and the provincial government of Ontario, however no more will be forthcoming from either Canadian or US governments unless the companies can reinvent themselves.

“This is a regrettable but necessary step to protect the Canadian economy. We are doing this on the assumption that we obviously cannot afford either in the United States or Canada a catastrophic short-term collapse.” said Stephen Harper, Prime Minister of Canada.

“We cannot, we must not, and we will not let our auto industry simply vanish. This industry is, like no other, an emblem of the American spirit; a once and future symbol of America’s success,” said Barack Obama, President of the United States. “These companies – and this industry – must ultimately stand on their own, not as wards of the state.”File:Sinsheim quer.jpg

Chrysler will receive CA$1 billion and may in fact be eligible for as much as CA$4 billion. If Chrysler succeeds in the next 30 days with a restructuring plan it would be eligible for a US$6 billion loan. A part of Chrysler’s restructuring plan must include a partnership with Fiat within 30 days to appease the US administration. Fiat is a supplier of smaller fuel-efficient vehicles, and the merger will help Chrysler to be viable in the North American market. A Chrysler court bankruptcy would inevitably lead to it being sold off.

As a part of Chrysler’s restructuring plans, Tom LaSorda, the president of Chrysler announced that Canadian operations would fold if it does not receive both the US commitment of $2.3 billion of aid and a new Canadian Auto Workers CAW contract to reduce all-in costs by CA$19 per hour. As a result of this announcement Chrysler’s auto sales volume in Canada dropped 23% compared to March of 2008.

GM has until the end of May to restructure its company to receive up to CA$7.5 billion. As part of the companies restructuring, General Motor’s chief executive Rick Wagoner was replaced Sunday with Fritz Henderson, the current chief operating officer. Henderson spoke out on Tuesday that GM has submitted a restructuring plan which would close five plants, and this may be increased to meet the requirements for financial aid. He is in full compliance with Obama’s auto task force to seek bankruptcy if GM cannot negotiate with their unions, bondholders and others.

GM recently brought forward the “GM Total Confidence” program providing consumer purchase protection for customers who lose their job for economic reasons within the first two years from purchase. As a result of Chrysler’s restructuring announcement in Canada, GM’s Canadian vehicle sales volume fell only 17.3% compared to 2008, an increase from the previous month.

GM must reduce some of its legacy costs which include its pensions and union health care costs. A part of GM’s ailments arose from investing in supplying truck and SUVs during an economy of high gas prices when consumers were demanding fuel efficient vehicles.

Tony Clement, Canada’s Minister of Industry, is hoping that the CAW will support the restructuring process and re-negotiate their agreement. Whereas a United Auto Workers negotiator has said, “I don’t see how the UAW will do anything until they see what the bondholders will give up.”

The Obama administration is looking toward bankruptcy proceedings for the automakers, “as a mechanism to help them restructure quickly and emerge stronger. [It will] quickly clear away old debts that are weighing them down. What we are asking is difficult. It will require hard choices by companies. It will require unions and workers who have already made painful concessions to make even more. It will require creditors to recognise that they cannot hold out for the prospect of endless government bailouts.” said Obama.

The auto parts suppliers and IT software exporters in India have already been affected by the declining auto sales. GM and Chrysler software contracts provide US$300 to 350 million a year to vendors in India. As well these two major automakers usually award US$1 billion contracts to auto parts suppliers. “We are worried and closely watching the developments in the US to gauge the impact. The decline in auto sales in the US has already hit the order books of Indian suppliers,” said a Delhi auto parts supplier.

“Going forward, the industry will undoubtedly be smaller, but if our efforts are successful it will be viable and it will support good jobs for Canadians,” said Clements.

Betty Sutton, Ohio’s Congresswoman put forward the CARS act which provides a US$3,000 to 5,000 incentive for those who trade in their vehicle for a fuel-efficient car. “It clearly stimulates the economy, and it gets the consumer into the showroom and gets them buying again. But importantly — and this is what I particularly like about it — it really helps the environment quite a bit in two respects.” said William Clay Ford Jr., executive chairman of Ford Motor Co.

Ford Motor Company has not come forward with requests for assistance.

Since December GM and Chrysler have received US$17.4 billion government loans.

Thursday, May 25, 2006

The U.S. 9th Circuit Court of Appeals on Tuesday ruled that Honolulu‘s ban on aerial advertising is constitutional and rejected the arguments of a pro-life/anti-abortion group that contended that the ban restricts free speech.

In a unanimous ruling, the court ruled that the city’s ban on aerial advertising is not pre-empted by federal law and violates neither the free speech provisions of the First Amendment nor the equal protection clause of the Fourteenth Amendment. Writing for the court, Judge Margaret McKeown wrote that “Honolulu’s airspace is a nonpublic forum, and the Ordinance is reasonable, viewpoint neutral, and rationally related to legitimate governmental interests.” (“Nonpublic forum” is defined as a place that is not traditionally or explicitly opened to free expression.)

The Center for Bioethical Reform (CBR) challenged Honolulu’s ban, claiming that the ban infringes on their right to public advocacy. The group planned to fly a plane towing a 100-foot banner showing graphic images of aborted fetuses, and contended that authorization they sought and received from the Federal Aviation Administration authorized the group to fly in all fifty states and Puerto Rico.

The CBR has driven vans with such images around Honolulu in the past few years.

Judge David Ezra, U.S. District Judge for Hawaii, ruled in November 2004 that the ordinance was constitutional. The appeal was argued before the 9th Circuit in Honolulu in November 2005.

Announcing their intent to appeal to the U.S. Supreme Court, Gregg Cunningham, executive director of the CBR, said, “We never expected to get justice in the U.S. District Courts or in Honolulu. Our goal has always been to get to the U.S. Supreme Court. It’s the only place we feel we’ll get a fair hearing.

“If the environmental groups and political leftists who are trying to suppress the truth about abortion think we’re going to go away because we lost two cases that we fully expected to lose, they’re in for a rude awakening,” Cunningham said.

Hawaii has had a statewide prohibition on billboards and similar forms of advertising since 1927, and is unique among U.S. states in this regard. In addition, since 1957, Honolulu has had a comprehensive law regulating the size and content of signs. Honolulu’s ban on all aerial advertising was enacted in 1978.

Honolulu Mayor Mufi Hannemann praised the decision, saying, “This obviously has strong implications for our visitor industry to know that when people come here they’re going to see things here that really make for an island paradise type of vacation. This is great news for us.”

Mary Steiner, head of the Outdoor Circle, an environmental group that supports the ban, said, “We have never doubted for a moment the importance of the scenic environment that it is just as important as any of the rest of the environmental issues that are out there. We’re not going to stand by and let it be destroyed in any way, shape or form.”

Monday, September 24, 2007

Andrew McAvoy is running for the Green Party of Ontario in the Ontario provincial election, in the Windsor-Tecumseh riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his 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.

Friday, March 15, 2019

A former advisor for U.S. President Donald Trump was sentenced in U.S. Federal Court on Wednesday. Paul Manafort was sentenced by Judge Amy Berman Jackson to 73 months in federal prison and to also pay financial restitution to the Internal Revenue Service in the amount of US$6.16 million.

Manafort’s charges involved unregistered foreign lobbying and witness tampering. Judge Jackson clarified in the proceedings that her sentencing decisions were not connected to or impacted by the sentence Manafort received in a separate case for which Manafort was sentenced last week. However, as part of her admonition, Judge Jackson stated, “Saying I’m sorry I got caught is not an inspiring plea for leniency.”

In last week’s action, another federal judge sentenced Manafort to a 47 month prison term. After his conviction in that case last summer, Manafort agreed to help with Robert Mueller’s investigation. However, some months later, the judge in that case determined Manafort had lied and violated that deal. That conviction was related to Manafort’s lobbying business.

In 2018, while preparing for his first trial, Manafort was kept in solitary confinement at least 23 hours per day. In that trial, he faced 18 counts of fraud pertaining to his financial reporting for his pay while working on a foreign campaign in Ukraine.

Saturday, October 6, 2007

Brett McKenzie is running for the Green Party of Ontario in the Ontario provincial election, in the London North Centre riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his 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.

Monday, January 1, 2007

A crowd of approximately 1 million has welcomed the new year in Sydney overnight. Many of the crowd had camped out since 6 AM AEDT (7PM UTC) to ensure they had the best vantage point for the fireworks displays at 9 PM and 12 AM. Earlier predictions of rain failed to dampen enthusiastic revellers and fortunately did not eventuate.

According to police, vantage points were Circular Quay and Sydney Opera House closed around 7 PM.

This year’s theme was “A diamond night in Emerald City” and celebrated the Sydney Harbour Bridge’s diamond anniversary of 75 years which will fall in March.

As usual, the bridge became the centre piece of Sydney’s celebrations with a question mark turning into a coat hanger during the 9 PM fireworks show before a diamond appeared at 11 PM.

Entertainment was held in the city throughout the day, culminating in a spectacular fireworks display at midnight. Revellers counted down the final seconds of 2006 with numbers on the side of the Sydney Harbour Bridge.

The festivities are estimated to have cost AUD $4 million and organisers claim their fireworks display is “the largest in the world”. Sydney’s celebrations were broadcast on television live around the world as other countries prepared their New Year’s Eve celebrations.

Despite the large crowd, police made only 58 arrests for offences including offensive conduct, stealing, assaulting police, goods in custody, assault, drink driving and affray.

Ambulance officers were called to 1,139 incidents in Sydney with another 900 in country areas.