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Usd/Jpy: More Upside Potential In The Medium Term}

Submitted by: Growth Aces

USD/JPY: Japan’s leading indicator suggests economic recovery.

Japanese Economics Minister Akira Amari said there is nothing surprising about the dollar’s rise to a six-year high versus the yen. Amari said he would expect the government and the Bank of Japan to work together to support the economy if there was uncertainty about the outlook. Amari said the government is ready to roll out a stimulus package to limit the economic impact if it decides to raise the sales tax next year.

Japanese Finance Minister Taro Aso said that rapid FX moves were undesirable. He added he shared the central bank chief’s concern about the risks of forgoing a planned sales tax hike next year given the country’s dire public finances. He was referring to Bank of Japan Governor Haruhiko Kuroda’s remark the previous day that the government and central bank would not be able to respond to such risks in the event that Japan’s debt management loses market confidence.

Japan’s index of coincident economic indicators rose a preliminary 0.2 point in July from the previous month. The index of leading economic indicators rose 0.6 point from June. We see that leading indicator is a gauge of the economy a few month ahead. It falls earlier and faster than coincidence indicator ahead of economic slowdown (in this case the coincidence indicator is often above the leading indicator) and rises earlier and faster ahead of economic recovery (in this case the coincidence indicator is often below the leading indicator). In line with today’s reading the coincidence indicator is above the leading indicator but the difference has narrowed. This means that the economy is in the downturn phase, but we could expect positive tendencies for GDP growth in the next quarters.

On the other hand, a recent run of weak data, including a slump in household spending and slow output growth in July, has cast doubt on the forecast that the economy will rebound steadily in the current quarter to sustain a moderate recovery. The pace of growth from July will be crucial to Prime Minister Shinzo Abe’s decision, expected by year-end, on whether to proceed with a scheduled second increase in the sales tax to 10%.

The USD/JPY touched a near six-year high of 105.71 before comments from Aso that rapid moves of the JPY rate were undesirable and profit-taking ahead of the US Non-Farm Payrolls report pushed it down. An important support is at 104.88 pivot point. We have raised our bid to 104.90 to get long on the next dip.

In the opinion of GrowthAces.com the USD/JPY will remain on its path to the upside. The one reason is the strength of the USD and the second reason is increased likelihood of additional QE measures by the BOJ after weak macroeconomic releases in Japan. The central bank shifts gradually towards dovishness in its statements following monetary policy decisions since the beginning of this year. In August the BOJ acknowledged the recent weakness in exports and industrial production and in September it referred to the decline in housing investment.

[youtube]http://www.youtube.com/watch?v=VjtbHb21qnk[/youtube]

Significant technical analysis’ levels:

Resistance: 105.71 (high Sep 5),106.00 (psychological level), 106.15 (high Oct 3, 2008)

Support: 105.00 (psychological level), 104.75 (low Sep 4), 104.72 (low Sep 3)

EUR/USD: All eyes on US Non-Farm Payrolls data today.

German industrial output rose in July by 1.9% mom, much more than the market consensus of 0.3% mom. The data for June was revised up to a gain of 0.4% mom from a previously reported increase of 0.3% mom.

ECB Governing Council member Ewald Nowotny said that the central bank cut interest rates in part to help weaken the euro. He added that the EUR/USD rate around 1.30 or slightly lower was “going in the right direction”.

The EUR/USD struggled to regain a footing on Friday after suffering its biggest daily fall in almost three years on the back of a surprise rate cut in the euro zone. The main event today is the release of Non-Farm Payrolls data. Should the reading beat estimate another sharp EUR/USD down move is likely.

In the opinion of GrowthAces.com once currency markets have digested the latest ECB moves, the EUR/USD may resume a positive trend in the medium term. We do not assume a scenario of another big sell-off but current momentum and sentiment pose downside risks to this currency pair.

Significant technical analysis’ levels:

Resistance: 1.2994 (hourly low Sep 4), 1.3030 (recovery high Sep 4), 1.3110 (low Sep 2)

Support: 1.2920 (low Sep 4), 1.2788 (61.8% of 1.2042-1.3995), 1.2755 (low Jul 9, 2013)

GROWTHACES.COM Trading Positions:

AUD/USD: long at 0.9305, target 0.9470, stop-loss 0.9230

USD/CAD: long at 1.0850, target 1.1000, stop-loss 1.0810

GrowthAces.com is an independent macroeconomic research consultancy for traders. We offer you daily forex analysis with forex trading signals. The service covers forex forecasts and signals for following currencies: EUR, USD, GBP, JPY, CAD, CHF, AUD, NZD as well as emerging markets. Our subscribers should expect to receive: forex trading strategies, latest price changes, support and resistance levels, buy and sell forex signals and early heads-up about the potential fx trading opportunities. GrowthAces.com offers also daily macroeconomic fundamental analysis that enables you to see fundamental changes on forex market. We provide in-depth analysis of economic indicators resulting from knowledge, experience, advanced statistics and cutting-edge quantitative tools.

We encourage you to subscribe to our daily forex newsletter on http://growthaces.com to get daily analysis for forex traders. We intend that our consultancy should help you make better decisions. At GrowthAces.com we give our best to you – always greatest quality, usefulness and profitability.

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Strongest earthquake in 150 years hits Costa Rica

Saturday, January 10, 2009

The United States Geological Survey said a 6.1 Mw earthquake struck on Thursday, at 01:21:34 p.m. local time (6:21:34 p.m. UTC) in northern Costa Rica, a Central American country, 30 kilometres (19 mi) NNW of San José and near the volcano Poás.

The epicenter was at 20 miles (32 kilometers) north-northwest of San Jose at a depth of 2.8 miles (4.5 kilometers), with Coordinate 10° 11? 49.2? N, 84° 9? 32.4? W, and Decimal 10.197,-84.159. Causing widespread panic and damage, it was felt all over Costa Rica as well as in southern central Nicaragua, and was the strongest to shake Costa Rica in about 150 years.

“Today is a day of mourning for Costa Ricans,” President Oscar Arias Sanchez said. “These losses of life fill us with pain; our prayers will be for their families, hundreds of families had seen serious damage to their homes,” Arias added. Originally seventeen people, including three children, were reported killed but was later decreased to 5 fatalities. About 42 were reported missing, at least 32 were injured and 2,450 people affected.

The quake toll jumped to 34 dead, 64 missing, on Saturday, while emergency workers rescued at least 200 stranded tourists in Varablanca hotel, according to Ministry of Infrastructure spokeswoman Silvia Chaves.

Amid problems of mudslides, cracked roads, tumbling rocks and fallen trees, National Social Security and Health agency, Red Cross rescue workers, firemen and police rushed Friday to evacuate about 600 people. Half of them were foreign tourists stranded in La Paz Waterfall Gardens eco-resort in Vara Blanca, and others were trapped by boulders and earth, when mountain roads in Costa Rica blocked two villages of Vara Blanca and Cinchona. The main CNE warehouse containing relief items (food, mattresses), for distribution to the victims, was burned, while the second airport in San Jose, is now closed.

Most of the victims died when part of the hillside collapsed and a landslide occurred near the La Paz waterfall at Vara Blanca, on the flanks of the volcano Poás. The Poas Volcano National Park was utterly destroyed and the La Paz waterfall road was torn, causing about 300 tourists trapped. At least 400 people were evacuated from the area in rescue helicopters.

Constant 2,000 aftershocks (1,200 through early Friday in the towns of San Pedro de Poas and Vara Blanca), complicated the rescue and emergency missions for stranded people in mountainous central zones. National Emergency Commission official Victor Falla said that there were small tremors every couple of minutes. “It’s shaking right now,” he added. 1,244 people were displaced, and 1,078 people are living in shelters. In addition, a hotel, houses, roads, and vehicles were damaged, and a couple of bridges were destroyed. The town of Cinchona was heavily hit, and all of the buildings there were heavily damaged. Power was temporarily disrupted in San José. “There are many buses and many vehicles that are trapped,” deputy public safety minister Jose Torres said.

In the central valley, populated by 2.5 million of the country’s four million inhabitants, the National Emergency Board declared an emergency in the metropolitan area including San Jose, Cartago, Alajuela and Heredia. The earthquake hit strongest the remote area near Alajuela. Several homes collapsed and major highways were still blocked.

A team of 34 U.S. military personnel and four Black Hawk helicopters from Honduras-based Joint Task Force-Bravo was sent on Friday by the U.S. Government to assist Costa Rican rescue workers, which include 400 volunteers and Red Cross personnel, who were dispensing aid in 15 communities. Colombia and China had also offered assistance to quake victims. The U.S. Army and Air Force aviation crews, rescue, medical and support personnel, is coordinating with the Office of U.S. Foreign Disaster Assistance (OFDA) in the rescue efforts. At least 150 stranded tourists from the United States, France, Canada and Spain, were finally rescued on Friday.

Retrieved from “https://en.wikinews.org/w/index.php?title=Strongest_earthquake_in_150_years_hits_Costa_Rica&oldid=4522685”

National Museum of Scotland reopens after three-year redevelopment

Friday, July 29, 2011

Today sees the reopening of the National Museum of Scotland following a three-year renovation costing £47.4 million (US$ 77.3 million). Edinburgh’s Chambers Street was closed to traffic for the morning, with the 10am reopening by eleven-year-old Bryony Hare, who took her first steps in the museum, and won a competition organised by the local Evening News paper to be a VIP guest at the event. Prior to the opening, Wikinews toured the renovated museum, viewing the new galleries, and some of the 8,000 objects inside.

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Dressed in Victorian attire, Scottish broadcaster Grant Stott acted as master of ceremonies over festivities starting shortly after 9am. The packed street cheered an animatronic Tyrannosaurus Rex created by Millenium FX; onlookers were entertained with a twenty-minute performance by the Mugenkyo Taiko Drummers on the steps of the museum; then, following Bryony Hare knocking three times on the original doors to ask that the museum be opened, the ceremony was heralded with a specially composed fanfare – played on a replica of the museum’s 2,000-year-old carnyx Celtic war-horn. During the fanfare, two abseilers unfurled white pennons down either side of the original entrance.

The completion of the opening to the public was marked with Chinese firecrackers, and fireworks, being set off on the museum roof. As the public crowded into the museum, the Mugenkyo Taiko Drummers resumed their performance; a street theatre group mingled with the large crowd, and the animatronic Tyrannosaurus Rex entertained the thinning crowd of onlookers in the centre of the street.

On Wednesday, the museum welcomed the world’s press for an in depth preview of the new visitor experience. Wikinews was represented by Brian McNeil, who is also Wikimedia UK’s interim liaison with Museum Galleries Scotland.

The new pavement-level Entrance Hall saw journalists mingle with curators. The director, Gordon Rintoul, introduced presentations by Gareth Hoskins and Ralph Applebaum, respective heads of the Architects and Building Design Team; and, the designers responsible for the rejuvenation of the museum.

Describing himself as a “local lad”, Hoskins reminisced about his grandfather regularly bringing him to the museum, and pushing all the buttons on the numerous interactive exhibits throughout the museum. Describing the nearly 150-year-old museum as having become “a little tired”, and a place “only visited on a rainy day”, he commented that many international visitors to Edinburgh did not realise that the building was a public space; explaining the focus was to improve access to the museum – hence the opening of street-level access – and, to “transform the complex”, focus on “opening up the building”, and “creating a number of new spaces […] that would improve facilities and really make this an experience for 21st century museum visitors”.

Hoskins explained that a “rabbit warren” of storage spaces were cleared out to provide street-level access to the museum; the floor in this “crypt-like” space being lowered by 1.5 metres to achieve this goal. Then Hoskins handed over to Applebaum, who expressed his delight to be present at the reopening.

Applebaum commented that one of his first encounters with the museum was seeing “struggling young mothers with two kids in strollers making their way up the steps”, expressing his pleasure at this being made a thing of the past. Applebaum explained that the Victorian age saw the opening of museums for public access, with the National Museum’s earlier incarnation being the “College Museum” – a “first window into this museum’s collection”.

Have you any photos of the museum, or its exhibits?

The museum itself is physically connected to the University of Edinburgh’s old college via a bridge which allowed students to move between the two buildings.

Applebaum explained that the museum will, now redeveloped, be used as a social space, with gatherings held in the Grand Gallery, “turning the museum into a social convening space mixed with knowledge”. Continuing, he praised the collections, saying they are “cultural assets [… Scotland is] turning those into real cultural capital”, and the museum is, and museums in general are, providing a sense of “social pride”.

McNeil joined the yellow group on a guided tour round the museum with one of the staff. Climbing the stairs at the rear of the Entrance Hall, the foot of the Window on the World exhibit, the group gained a first chance to see the restored Grand Gallery. This space is flooded with light from the glass ceiling three floors above, supported by 40 cast-iron columns. As may disappoint some visitors, the fish ponds have been removed; these were not an original feature, but originally installed in the 1960s – supposedly to humidify the museum; and failing in this regard. But, several curators joked that they attracted attention as “the only thing that moved” in the museum.

The museum’s original architect was Captain Francis Fowke, also responsible for the design of London’s Royal Albert Hall; his design for the then-Industrial Museum apparently inspired by Joseph Paxton’s Crystal Palace.

The group moved from the Grand Gallery into the Discoveries Gallery to the south side of the museum. The old red staircase is gone, and the Millennium Clock stands to the right of a newly-installed escalator, giving easier access to the upper galleries than the original staircases at each end of the Grand Gallery. Two glass elevators have also been installed, flanking the opening into the Discoveries Gallery and, providing disabled access from top-to-bottom of the museum.

The National Museum of Scotland’s origins can be traced back to 1780 when the 11th Earl of Buchan, David Stuart Erskine, formed the Society of Antiquaries of Scotland; the Society being tasked with the collection and preservation of archaeological artefacts for Scotland. In 1858, control of this was passed to the government of the day and the National Museum of Antiquities of Scotland came into being. Items in the collection at that time were housed at various locations around the city.

On Wednesday, October 28, 1861, during a royal visit to Edinburgh by Queen Victoria, Prince-Consort Albert laid the foundation-stone for what was then intended to be the Industrial Museum. Nearly five years later, it was the second son of Victoria and Albert, Prince Alfred, the then-Duke of Edinburgh, who opened the building which was then known as the Scottish Museum of Science and Art. A full-page feature, published in the following Monday’s issue of The Scotsman covered the history leading up to the opening of the museum, those who had championed its establishment, the building of the collection which it was to house, and Edinburgh University’s donation of their Natural History collection to augment the exhibits put on public display.

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Selection of views of the Grand Gallery Image: Brian McNeil.

Selection of views of the Grand Gallery Image: Brian McNeil.

Selection of views of the Grand Gallery Image: Brian McNeil.

Closed for a little over three years, today’s reopening of the museum is seen as the “centrepiece” of National Museums Scotland’s fifteen-year plan to dramatically improve accessibility and better present their collections. Sir Andrew Grossard, chair of the Board of Trustees, said: “The reopening of the National Museum of Scotland, on time and within budget is a tremendous achievement […] Our collections tell great stories about the world, how Scots saw that world, and the disproportionate impact they had upon it. The intellectual and collecting impact of the Scottish diaspora has been profound. It is an inspiring story which has captured the imagination of our many supporters who have helped us achieve our aspirations and to whom we are profoundly grateful.

The extensive work, carried out with a view to expand publicly accessible space and display more of the museums collections, carried a £47.4 million pricetag. This was jointly funded with £16 million from the Scottish Government, and £17.8 million from the Heritage Lottery Fund. Further funds towards the work came from private sources and totalled £13.6 million. Subsequent development, as part of the longer-term £70 million “Masterplan”, is expected to be completed by 2020 and see an additional eleven galleries opened.

The funding by the Scottish Government can be seen as a ‘canny‘ investment; a report commissioned by National Museums Scotland, and produced by consultancy firm Biggar Economics, suggest the work carried out could be worth £58.1 million per year, compared with an estimated value to the economy of £48.8 prior to the 2008 closure. Visitor figures are expected to rise by over 20%; use of function facilities are predicted to increase, alongside other increases in local hospitality-sector spending.

Proudly commenting on the Scottish Government’s involvement Fiona Hyslop, Cabinet Secretary for Culture and External Affairs, described the reopening as, “one of the nation’s cultural highlights of 2011” and says the rejuvenated museum is, “[a] must-see attraction for local and international visitors alike“. Continuing to extol the museum’s virtues, Hyslop states that it “promotes the best of Scotland and our contributions to the world.

So-far, the work carried out is estimated to have increased the public space within the museum complex by 50%. Street-level storage rooms, never before seen by the public, have been transformed into new exhibit space, and pavement-level access to the buildings provided which include a new set of visitor facilities. Architectural firm Gareth Hoskins have retained the original Grand Gallery – now the first floor of the museum – described as a “birdcage” structure and originally inspired by The Crystal Palace built in Hyde Park, London for the 1851 Great Exhibition.

The centrepiece in the Grand Gallery is the “Window on the World” exhibit, which stands around 20 metres tall and is currently one of the largest installations in any UK museum. This showcases numerous items from the museum’s collections, rising through four storeys in the centre of the museum. Alexander Hayward, the museums Keeper of Science and Technology, challenged attending journalists to imagine installing “teapots at thirty feet”.

The redeveloped museum includes the opening of sixteen brand new galleries. Housed within, are over 8,000 objects, only 20% of which have been previously seen.

  • Ground floor
  • First floor
  • Second floor
  • Top floor

The Window on the World rises through the four floors of the museum and contains over 800 objects. This includes a gyrocopter from the 1930s, the world’s largest scrimshaw – made from the jaws of a sperm whale which the University of Edinburgh requested for their collection, a number of Buddha figures, spearheads, antique tools, an old gramophone and record, a selection of old local signage, and a girder from the doomed Tay Bridge.

The arrangement of galleries around the Grand Gallery’s “birdcage” structure is organised into themes across multiple floors. The World Cultures Galleries allow visitors to explore the culture of the entire planet; Living Lands explains the ways in which our natural environment influences the way we live our lives, and the beliefs that grow out of the places we live – from the Arctic cold of North America to Australia’s deserts.

The adjacent Patterns of Life gallery shows objects ranging from the everyday, to the unusual from all over the world. The functions different objects serve at different periods in peoples’ lives are explored, and complement the contents of the Living Lands gallery.

Performance & Lives houses musical instruments from around the world, alongside masks and costumes; both rooted in long-established traditions and rituals, this displayed alongside contemporary items showing the interpretation of tradition by contemporary artists and instrument-creators.

The museum proudly bills the Facing the Sea gallery as the only one in the UK which is specifically based on the cultures of the South Pacific. It explores the rich diversity of the communities in the region, how the sea shapes the islanders’ lives – describing how their lives are shaped as much by the sea as the land.

Both the Facing the Sea and Performance & Lives galleries are on the second floor, next to the new exhibition shop and foyer which leads to one of the new exhibition galleries, expected to house the visiting Amazing Mummies exhibit in February, coming from Leiden in the Netherlands.

The Inspired by Nature, Artistic Legacies, and Traditions in Sculpture galleries take up most of the east side of the upper floor of the museum. The latter of these shows the sculptors from diverse cultures have, through history, explored the possibilities in expressing oneself using metal, wood, or stone. The Inspired by Nature gallery shows how many artists, including contemporary ones, draw their influence from the world around us – often commenting on our own human impact on that natural world.

Contrastingly, the Artistic Legacies gallery compares more traditional art and the work of modern artists. The displayed exhibits attempt to show how people, in creating specific art objects, attempt to illustrate the human spirit, the cultures they are familiar with, and the imaginative input of the objects’ creators.

The easternmost side of the museum, adjacent to Edinburgh University’s Old College, will bring back memories for many regular visitors to the museum; but, with an extensive array of new items. The museum’s dedicated taxidermy staff have produced a wide variety of fresh examples from the natural world.

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At ground level, the Animal World and Wildlife Panorama’s most imposing exhibit is probably the lifesize reproduction of a Tyrannosaurus Rex skeleton. This rubs shoulders with other examples from around the world, including one of a pair of elephants. The on-display elephant could not be removed whilst renovation work was underway, and lurked in a corner of the gallery as work went on around it.

Above, in the Animal Senses gallery, are examples of how we experience the world through our senses, and contrasting examples of wildly differing senses, or extremes of such, present in the natural world. This gallery also has giant screens, suspended in the free space, which show footage ranging from the most tranquil and peaceful life in the sea to the tooth-and-claw bloody savagery of nature.

The Survival gallery gives visitors a look into the ever-ongoing nature of evolution; the causes of some species dying out while others thrive, and the ability of any species to adapt as a method of avoiding extinction.

Earth in Space puts our place in the universe in perspective. Housing Europe’s oldest surviving Astrolabe, dating from the eleventh century, this gallery gives an opportunity to see the technology invented to allow us to look into the big questions about what lies beyond Earth, and probe the origins of the universe and life.

In contrast, the Restless Earth gallery shows examples of the rocks and minerals formed through geological processes here on earth. The continual processes of the planet are explored alongside their impact on human life. An impressive collection of geological specimens are complemented with educational multimedia presentations.

Beyond working on new galleries, and the main redevelopment, the transformation team have revamped galleries that will be familiar to regular past visitors to the museum.

Formerly known as the Ivy Wu Gallery of East Asian Art, the Looking East gallery showcases National Museums Scotland’s extensive collection of Korean, Chinese, and Japanese material. The gallery’s creation was originally sponsored by Sir Gordon Wu, and named after his wife Ivy. It contains items from the last dynasty, the Manchu, and examples of traditional ceramic work. Japan is represented through artefacts from ordinary people’s lives, expositions on the role of the Samurai, and early trade with the West. Korean objects also show the country’s ceramic work, clothing, and traditional accessories used, and worn, by the indigenous people.

The Ancient Egypt gallery has always been a favourite of visitors to the museum. A great many of the exhibits in this space were returned to Scotland from late 19th century excavations; and, are arranged to take visitors through the rituals, and objects associated with, life, death, and the afterlife, as viewed from an Egyptian perspective.

The Art and Industry and European Styles galleries, respectively, show how designs are arrived at and turned into manufactured objects, and the evolution of European style – financed and sponsored by a wide range of artists and patrons. A large number of the objects on display, often purchased or commissioned, by Scots, are now on display for the first time ever.

Shaping our World encourages visitors to take a fresh look at technological objects developed over the last 200 years, many of which are so integrated into our lives that they are taken for granted. Radio, transportation, and modern medicines are covered, with a retrospective on the people who developed many of the items we rely on daily.

What was known as the Museum of Scotland, a modern addition to the classical Victorian-era museum, is now known as the Scottish Galleries following the renovation of the main building.

This dedicated newer wing to the now-integrated National Museum of Scotland covers the history of Scotland from a time before there were people living in the country. The geological timescale is covered in the Beginnings gallery, showing continents arranging themselves into what people today see as familiar outlines on modern-day maps.

Just next door, the history of the earliest occupants of Scotland are on display; hunters and gatherers from around 4,000 B.C give way to farmers in the Early People exhibits.

The Kingdom of the Scots follows Scotland becoming a recognisable nation, and a kingdom ruled over by the Stewart dynasty. Moving closer to modern-times, the Scotland Transformed gallery looks at the country’s history post-union in 1707.

Industry and Empire showcases Scotland’s significant place in the world as a source of heavy engineering work in the form of rail engineering and shipbuilding – key components in the building of the British Empire. Naturally, whisky was another globally-recognised export introduced to the world during empire-building.

Lastly, Scotland: A Changing Nation collects less-tangible items, including personal accounts, from the country’s journey through the 20th century; the social history of Scots, and progress towards being a multicultural nation, is explored through heavy use of multimedia exhibits.

Retrieved from “https://en.wikinews.org/w/index.php?title=National_Museum_of_Scotland_reopens_after_three-year_redevelopment&oldid=4346891”
Social Media Management

A Hurdle For Carsales And Trading Post Merger

A hurdle for Carsales and Trading Post Merger

by

Hayley Woodgate

The Australian Competition and Consumer Commission (ACCC) has warned that car sllers would be squeezed for choice if the proposed deal between Carsales and Trandpost goes ahead. The chairman Rod Sims said that the proposed acquisition would remove the Telstra owned TradingPost as one of Carsales Limiteds “closest and most effective competitors .

“The Trading Post provides an alternative that is popular with dealers and private advertisers,” Mr Sims said in a statement on Friday.

“Market participants have submitted to the ACCC that new entrants have been, and are likely to continue to be, unsuccessful in any attempt to match the inventory and audience size of Carsales or its smaller competitors Trading Post, Carsguide and Drive,” the ACCC said.

The size of the Carsales audience is impressive to say the least; In data released by the ACCC courtesy of Nielsen Market Intelligence, 84% of Page Impressions in Australia within the Automotive Classifieds market are on the Carsales website.

[youtube]http://www.youtube.com/watch?v=QLHgTP8iuFk[/youtube]

On the surface it appears that TradingPost is not very popular with “only” 6% of Page Impressions within the marketplace, however when put into perspective as being CarSales biggest competitor in combination with a potential future merger between the sites, its possible that CarSales would further dominate with over 90% of Page Views.

There are two other notable competitors (second and third largest competitors to Carsales) which are Carsguide and Drive of whom are receiving 4% and 5% of the marketplace s page views respectively. These websites are a conglomerate of News Ltd, Fairfax Media, and large car-dealership networks in Australia. The ACCC makes specific mention to the size and resources of these businesses and their inability to penetrate the market.

“The two other largest competitors are Carsguide and Drive. The ACCC s market inquiries suggest these parties have struggled to win market share from Carsales despite having ownership links to print classifieds in newspapers, which might be expected to provide some competitive advantage through delivering audience and providing scope for bundled offers.”

Further concerns were raised with the following blunt comment:

“The ACCC is concerned that network effects may exacerbate the competitive harm arising from the proposed acquisition, by adding significant inventory and audience to Carsales.”

It is clear that the ACCC feels that the proposed merger would be detrimental to the marketplace, however it is yet to be see if they will forcibly put a stop to it.

The ACCC is currently seeking further feedback and has revised its decision date back to 29th November 2012.

Hayley Woodgate has university qualifications in Media, Marketing and Public Relations with more than ten years experience in the Australian industry.Currently working with the used

carsales

and general

tradingpost

classifieds markets.

Article Source:

A hurdle for Carsales and Trading Post Merger

Home destroyed by fire in Geneva, Florida

Wednesday, December 15, 2010

A mobile home in Seminole County, Florida burned down last night, leaving a man and his dog homeless. The cause of the blaze was determined as accidental.

Firefighters were alerted to a fire in a wooded area of Geneva at around 11 pm local time (0400 UTC) last night. By the time they reached the scene the house had already been destroyed and a brush fire had been started. It took them about two hours to extinguish the fire which engulfed the house and it took about 40 minutes to contain the brush fire. To combat the brush fire the Seminole fire department had to bring out equipment normally used to combat forest fires.

Firefighters were still on the scene up to eight hours later to ensure that the fire did not reignite. The man and his dog escaped from the house, however the man did sustain minor injuries. The Red Cross will assist the man with food, shelter and clothing for a few days.

A State Fire Marshal office investigator revealed that the fire was accidental and was caused by an unattended grill which ignited the house and subsequently the woods.

Retrieved from “https://en.wikinews.org/w/index.php?title=Home_destroyed_by_fire_in_Geneva,_Florida&oldid=1212360”

Teen broadcasts suicide online

Sunday, November 23, 2008

A Pembroke Pines, Florida teenager killed himself Wednesday, November 19, while broadcasting on the live video site Justin.tv. After making suicide threats and being encouraged by Justin.tv viewers and Bodybuilding.com forum members, Abraham K. Biggs, 19, committed suicide by taking an overdose of opiates and benzodiazepine, which had been prescribed for his bipolar disorder.

Biggs first began blogging about his planned suicide 12 hours before the actual event. He died after taking pills and lying on the bed in front of the webcam. After the broadcast, viewers who apparently thought it was a hoax posted messages such as “OMG”, “LOL”, and “hahahah”.

Hours later, after being alerted by viewers who had noticed that Biggs had stopped breathing, law enforcement and paramedics arrived, discovered his body, and covered the camera. The Broward County Medical Examiner’s Office has reportedly confirmed Biggs’ death.

According to Montana Miller of the Bowling Green State University, the circumstances of this case were not shocking: “If it’s not recorded or documented, then it doesn’t even seem worthwhile. For today’s generation it might seem, ‘What’s the point of doing it if everyone isn’t going to see it?'”

Biggs’ sister Rosalind was angry that neither the website nor its viewers reacted soon enough to save him. “They got hits, they got viewers, nothing happened for hours,” she said. She described him as “very happy” and “friendly and outgoing.” “On a normal day, you couldn’t really tell that he got as low as he did.” However, he did have relationship problems with his girlfriend, according to a friend.

Mental health professionals have warned about the possibility that other mentally troubled people would copy his actions. According to Dr. David Shaffer of Columbia University, “Any video showing it as heroic or romantic or glamorous could reduce the anxiety people might feel about suicide. It becomes a respectable behavior and lowers the threshold of suicide.” He and other psychiatrists recommend that potentially suicidal teens talk to others and “tell what’s going on.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Teen_broadcasts_suicide_online&oldid=4579216”

Teen broadcasts suicide online

Sunday, November 23, 2008

A Pembroke Pines, Florida teenager killed himself Wednesday, November 19, while broadcasting on the live video site Justin.tv. After making suicide threats and being encouraged by Justin.tv viewers and Bodybuilding.com forum members, Abraham K. Biggs, 19, committed suicide by taking an overdose of opiates and benzodiazepine, which had been prescribed for his bipolar disorder.

Biggs first began blogging about his planned suicide 12 hours before the actual event. He died after taking pills and lying on the bed in front of the webcam. After the broadcast, viewers who apparently thought it was a hoax posted messages such as “OMG”, “LOL”, and “hahahah”.

Hours later, after being alerted by viewers who had noticed that Biggs had stopped breathing, law enforcement and paramedics arrived, discovered his body, and covered the camera. The Broward County Medical Examiner’s Office has reportedly confirmed Biggs’ death.

According to Montana Miller of the Bowling Green State University, the circumstances of this case were not shocking: “If it’s not recorded or documented, then it doesn’t even seem worthwhile. For today’s generation it might seem, ‘What’s the point of doing it if everyone isn’t going to see it?'”

Biggs’ sister Rosalind was angry that neither the website nor its viewers reacted soon enough to save him. “They got hits, they got viewers, nothing happened for hours,” she said. She described him as “very happy” and “friendly and outgoing.” “On a normal day, you couldn’t really tell that he got as low as he did.” However, he did have relationship problems with his girlfriend, according to a friend.

Mental health professionals have warned about the possibility that other mentally troubled people would copy his actions. According to Dr. David Shaffer of Columbia University, “Any video showing it as heroic or romantic or glamorous could reduce the anxiety people might feel about suicide. It becomes a respectable behavior and lowers the threshold of suicide.” He and other psychiatrists recommend that potentially suicidal teens talk to others and “tell what’s going on.”

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Workshop And Engineering Equipment

Why Do We Have A Social Responsibility To Recycle?

Submitted by: Ben Greenwood

To ignore the fact that we have a social responsibility to recycle is to invite to become our reality, what is now just considered the stuff of sci-fi or horror movies. Not paying attention to our individual carbon footprint may cause the human footprint to one day become as rare as an honest political speech promising a reduction in the burning of fossil fuels. The earth is in danger of turning into one great landfill, stripped of all its natural resources if we do not take note of the warning signs and act as a matter of urgency. There is much that can be done by the concerned individual: the recycling of ink cartridges is a great starting point.

Practically everyone uses ink cartridges today, whether it is at home or in the workplace. Worldwide, billions of them are produced annually. What everyone is not aware of is that the plastic in these cartridges can take up to 1000 years to decompose. Discards also leak ink into the earth, further damaging the eco system. Consider the harm to the environment if these were never recycled and somehow we had to keep finding burial grounds for discarded cartridges: the mind boggles at the prospect. As a recycling incentive, many manufacturers are buying back used cartridges and quite a fair amount of cash can be earned by anyone motivated enough to collect these from family, friends, companies or even an entire neighbourhood.

[youtube]http://www.youtube.com/watch?v=m7MQJHxltE8[/youtube]

A social conscience need not be a burden and it need not belong to adults alone. Children are easily motivated by the enthusiasm of authority figures, be it a parent or a loved and respected teacher and are usually as eager to earn a gold merit star as they would be to receive any cash or other reward. Explanations regarding the importance of what they are being asked to do should also appeal to the superhero in every child and most will then want to be seen as the saviour of at least their small part of the world. Ask most children to collect bottle tops, empty cans, scrap paper and the like for a worthy cause, and they will bombard you with generosity. Make it a competition to save the earth and attach as much importance to the year-end result as that of the academic side of schooling and every child will have an opportunity to shine. Knowledge of recycling and the consequences of burning earth’s finite supply of fossil fuels will then hopefully become as important an issue with future generations as any other field of knowledge.

Nurturing a social conscience in our children as they grow should become as much a tradition as teaching them about Christmas, Ramadan or Rosh Hashanah. It is after all their future that is at stake. If we continue to deplete our planet’s resources at the current rate, there will be little to look forward to besides having enough sun-screen to protect our blistering skins. Stuff of sci-fi or horror films indeed.

About the Author: Ben Greenwood is writing on behalf of Cartridge World, the UK’s leading specialist in

printer cartridges

, including

toner cartridges

and

ink cartridges

.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1421219&ca=Advice

Buffalo, N.Y. hotel proposal delayed further

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “Old deeds threaten Buffalo, NY hotel development” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Friday, March 10, 2006

Buffalo, New York —The Common Council of Buffalo voted on Tuesday to send the Elmwood Village Hotel proposal “to committee for further discussion”, after citing the need for more public involvement.

The Elmwood Village Hotel is a development proposal by the Savarino Construction Services Corporation, a project designed by the architect Karl Frizlen of The Frizlen Group. The hotel would be placed on the southeast corner of Elmwood and Forest Avenues in Buffalo.

To make way for the project, at least five buildings located at 1109 to 1121 Elmwood Ave would be demolished. At least two properties on Forest Avenue could also be demolished. The Elmwood properties, according to Eva Hassett, Vice President of Savarion Construction, are “under contract”, but it is unclear if Savarino Construction actually owns the Elmwood properties. Hans Mobius, a former mayorial candidate, is still believed to be the current owner the properties. Mobius also owns 607 Forest Avenue.

The properties 605 and 607 Forest Avenue could also be included in the proposal according to Hassett.

“We would use a Special Development Plan to rezone 1119-1121 Elmwood and 605 Forest to a C-2 zoning category,” stated Hassett. It is possible that Savarino Construction may try to obtain a variance for 605 Forest, which would allow them to enforce eminent domain, should the hotel be allowed to go forward.

The building at 607 Forest was also discussed to be rezoned, but it is unclear what the plans would be for that property. During the February 28 Common Council meeting, Hassett stated that the properties 605 and 607 were “now off the agenda”.

Pano Georgiadis, owner of Pano’s Restaurant at 1081 Elmwood, owns the property at 605 Forest and attended Tuesday’s Common Council meeting.

“Having a hotel is a bright idea. We all love the idea of a hotel, but the way that it is presented, is wishful thinking. This hotel does not fit. It’s like putting two gallons of water in a gallon jug, it does not fit. At the last meeting, the architect admitted that they are planning to put the undergound parking lot and the hotel, right at the property line. If I open my window, I will be able to touch the wall, that goes fifty feet high”, said Georgiadis.

“There is a problem having a seventy-two room hotel and fifty-five parking spaces. That means that all the other cars will spill all over the neighborhood. The footprint is simply too small. If you have a bigger [parking] lot, and a smaller hotel, I will welcome a hotel. I have a parking lot at my own business, and I am chasing people all day long. Remember, the city says it has ‘zero tolerance [for illegal parking]’. Try telling that to the guy from Albany who came to see his kids, that are going to Buffalo State, who would get tickets totaling over a hundred dollars”, added Georgiadis.

The city’s Planning Board is scheduled to meet on March 14, 2006 at 9:00 a.m. about the proposal. Although a discussion will take place, no vote is expected to be taken.

At the moment, none of the properties are zoned for a hotel. Savarino Construction plans on asking for a C2 zoning permit. If that does not work, they plan to implement a new zoning plan called a “special development plan” which would allow for only a hotel on the site. That zone would not be able to be changed.

“This [project] justifies Mobius’s refusal to invest in any maitenance[sic] or improvements”, on the properties said Clarence Carnahan, a local resident. “Where were the Council persons over the years? Where were the city inspectors over the years, to make sure that he maintained and improved his properties? The government was supposed to be protecting, not being preditorial. I see a predatorial issue here when it comes to this hotel. Over the years: Why has the local government been disfunctional when it came to Mobius’s properties? Refusal to invest in improvements, doesn’t that sound like a slumlord? Maybe I am missing a point here, but what kind of messages does this send to other slumlords that havn’t[sic] been jailed or fined? It’s [the hotel] trying to be pushed through.”

Carnahan also presented signs for residents and or business owners who are opposed to the hotel, that could be placed in windows or on stakes in the yard. Some of the signs said, ‘No tell hotel’, ‘Hans off, no hotel’, ‘It takes more than a hotel to make a village’. and ‘Keep Elmwood free, no hotel’. Carnahan plans on making more signs for a protest to be held on Saturday March 18, at 2:00 p.m. (EST) on Elmwood and Forest. Some signs were given to individuals after the meeting.

“First things first, Hans is the problem, and I don’t think it has been addressed. Let’s roll back the clock on this project. What can we do with Hans? There is such thing as eminent domain, which could be of greater interest to the community, to seize the property at its lowest assessed value”, said Nancy Pollina, co-owner of Don Apparel with Patty Morris at 1119 Elmwood. “There are so many ideas that have not been explored and we are about to give this parcel away, to a big developer.”

Mobius has not returned any calls by Wikinews regarding the situation.

A freelance journalist writing for Wikinews has obtained a letter, exclusively, addressed to one of the five business owners from Hans Mobius stating:

There is a proposal to develop my property which you are currently renting. Because of opposition to this development, it does not look like it will happen. I will let you know if there any changes.

Despite the letter, there have been no plans or decisions made to end the proposal.

To date, none of the business owners or residents of 1119-1121 Elmwood have received an eviction notice.

Business owners and residents gave an indication of what they would like to see happen at the corner; a project similar to one done locally last year. There, developers renovated two buildings on Auburn and Elmwood Avenues, merging the buildings into one thus allowing for more shop space. Among some of the shops to move in after the development were Cone Five Pottery, The Ruby Slipper, and Abraham’s Jewelers. Prior to the renovation work, the left building in the picture was boarded up for several years. Many of the concerned locals would like to see a similar development on Forest and Elmwood.

Rocco Termini, a developer in Buffalo, proposed a similar design at the February 28 community meeting

In an interview after the February 28 meeting, Termini stated, “I will be willing to take a look at this myself, or I would be more than happy to be partners with Sam, Sam Savarino”, who is President and Chief Executive Officer of Savarino Construction Services Corp.

So far Savarino Construction has no plans to team up with Termini.

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