Which Insurance Products Everyone Needs}

Which Insurance Products Everyone Needs

by

Jordan Rocksmith

When it comes to insurance, insurance companies want you to believe that more is better. But it’s possible to have too much of a good thing. While you shouldn’t be underinsured, you also don’t need to carry too much insurance. Which insurance products do you really need? Once you have figured that out, you can sign up for insurance at Select Services Agency or another company and stop worrying.

Required Coverage

By law, you are required to have car insurance. You may also be required to carry homeowner’s insurance, especially if you have a mortgage. Both of those insurance products are good to have. It’s actually quite likely that you’ll get into a car accident eventually, taking into consideration how often you will have to drive.

[youtube]http://www.youtube.com/watch?v=AI77zqrAvoo[/youtube]

It’s also possible that your landlord requires renter’s insurance. That’s also good insurance to have. Fortunately, renter’s insurance is pretty cheap. And even car insurance and homeowner’s insurance have reasonable premiums, especially if you bundle the policies with one insurance carrier.

Optional Insurance

Nobody requires you to carry life insurance. Nevertheless, you should have this coverage in place, especially if you would be leaving behind one or more people who are financially dependent on you. Without life insurance, your surviving spouse and children will have a hard time, even if you weren’t the sole wage earner. After all, a single parent won’t be able to stay home and raise the kids.

You may also want to consider disability insurance. It’s actually more likely for you to become disabled during your working years than to die. A disability can put a huge strain on your finances, because you have to pay for medical bills without earning any money at all. Additional insurance products may also be advisable depending on your situation. Therefore, you should talk to an agent atSelect Services Agencyor another insurance company about your insurance needs in detail.

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Which Insurance Products Everyone Needs}

The Socialist Left Party’s election initiative starts in Norway

Tuesday, August 4, 2009

Today, Norway’s Socialist Left Party (SV) launched their new election initiative named “up from the couch.” The campaign aims to get first-time voters and so-called “couch voters” to vote in the upcoming election.

Kristin Halvorsen, the Norwegian Minister of Finance and Party leader for SV, explained, “It’s a wakeup call, because those who sit on the couch let others decide for them. That’s way we are mobilizing as much as we can until Election Day.”

In the 2005 election only 55 % of first time voters used their voting rights.“It’s a challenge to get the younger voters to vote, because many of them haven’t done it before. We know that adults and older people are better in using their voting right then younger people,” said Minister Halvorsen.

The 2005 election showed that 1 in 3 of the voters who had voted for SV in the 2001 election switched to the Norwegian Labour Party. Only 43% of SV’s voters continued to vote for them. On election day, SV got 8.8% of the total national votes. Minister Halvorsen stated “We have a goal to mobilize enough to get 10 % of the voter’s behind us.”

Retrieved from “https://en.wikinews.org/w/index.php?title=The_Socialist_Left_Party’s_election_initiative_starts_in_Norway&oldid=859626”

Astronomer tells Wikinews about discovery of closest black hole known so far

Friday, May 22, 2020

A study published in journal Astronomy & Astrophysics last month reported astronomers from the European Southern Observatory (ESO) and elsewhere discovered a black hole in the Telescopium constellation. The study stated the black hole is about 1010 ± 195 light years (310 ± 60 parsec) away from the Solar System, meaning it is the nearest known black hole from the Earth. The nearest previously known black hole — V616 Mon — the study noted was usually estimated at more than 3000 light years away.

The black hole described in the study is located in the HR 6819 stellar system of Telescopium constellation, making it the first system visible to the naked eye to contain a black hole. HR 6819 contains two stars, and they are visible from the Southern Hemisphere. The astronomers started observing the system in 1999. Initially, they thought it was just a binary system, consisting of two stars. However, upon examination, the researchers concluded there was a third unseen object in the system. One of the two stars in the HR 6819 system is close to the black hole and orbits the black hole in just 40.333 ± 0.004 days.

This newly discovered black hole does not have an accretion disk. A black hole forms an accretion disk when a significant amount of matter orbits the black hole, as depicted in the image. Accretion disks often emit electromagnetic radiation. Since this black hole does not have an accretion disk, researchers had to rely on the gravitational effect of the black hole on the nearby star in order to discover it.

Researchers used the binary mass function to conclude the black hole had a mass of at least 4.2 M? (Solar masses; 1 Solar mass = mass of the Sun). Its companion star, which orbits the black hole in about 40 days, is classified as a B3 III star. The outer star is classified as a Be star. Be stars rotate very quickly around their axes. Since the outer star rotates so rapidly, the star is not exactly spherical, but instead oblate, bulged at its equator, forming a gas disk around the equator.

The research suggested HR 6819 was very similar to another system LB-1. The HR 6819 system is estimated to be between 15–75 million years old (myr). The inner star has estimated mass of at least 6.3 ± 0.7 M?. Using the mass and the speed at which the inner star rotates, the researchers concluded the black hole had an estimated mass of 5.0 ± 0.4 M?. Researcher and co-author of the study Thomas Rivinius told Wikinews the inner star and the black hole are closer than the Sun and the Earth (1au; 150 million km; 93 million miles).

The researchers dedicated the paper to Stanislav Štefl, one of the fellow researchers who died in a car accident in 2014 in Santiago, Chile.

Wikinews caught up with Thomas Rivinius to discuss about this discovery.

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Petition pressures City of Edinburgh Council to review clause affecting live music scene

Thursday, June 25, 2015

Live music venues in Edinburgh, Scotland are awaiting a review later this year on the 2005 licensing policy, which places limitations on the volume of amplified music in the city. Investigating into how the policy is affecting the Edinburgh music scene, a group of Wikinews writers interviewed venue owners, academics, the City of Edinburgh Council, and local band The Mean Reds to get different perspectives on the issue.

Since the clause was introduced by the government of the city of Edinburgh, licensed venues have been prohibited from allowing music to be amplified to the extent it is audible to nearby residential properties. This has affected the live music scene, with several venues discontinuing regular events such as open mic nights, and hosting bands and artists.

Currently, the licensing policy allows licensing standards officers to order a venue to cease live music on any particular night, based on a single noise complaint from the public. The volume is not electronically measured to determine if it breaches a decibel volume level. Over roughly the past year there have been 56 separate noise complaints made against 18 venues throughout the city.

A petition to amend the clause has garnered over 3,000 signatures, including the support of bar owners, musicians, and members of the general public.

On November 17, 2014, the government’s Culture and Sport Committee hosted an open forum meeting at Usher Hall. Musicians, venue owners and industry professionals were encouraged to provide their thoughts on how the council could improve live music in the city. Ways to promote live music as a key cultural aspect of Edinburgh were discussed and it was suggested that it could be beneficial to try and replicate the management system of live music of other global cities renowned for their live music scenes. However, the suggestion which prevailed above all others was simply to review the existing licensing policy.

Councillor (Cllr) Norma Austin-Hart, Vice Convenor of the Culture and Sport Committee, is responsible for the working group Music is Audible. The group is comprised of local music professionals, and councillors and officials from Edinburgh Council. A document circulated to the Music is Audible group stated the council aims “to achieve a balance between protecting residents and supporting venues”.

Following standard procedure, when a complaint is made, a Licensing Standards Officer (LSO) is dispatched to investigate the venue and evaluate the level of noise. If deemed to be too loud, the LSO asks the venue to lower the noise level. According to a document provided by the City of Edinburgh Council, “not one single business has lost its license or been closed down because of a breach to the noise condition in Edinburgh.”

In the Scotland Licensing Policy (2005), Clause 6.2 states, “where the operating plan indicates that music is to be played in a premises, the board will consider the imposition of a condition requiring amplified music from those premises to be inaudible in residential property.” According to Cllr Austin-Hart, the high volume of tenement housing in the city centre makes it difficult for music to be inaudible.

During the Edinburgh Festival Fringe during the summer, venues are given temporary licences that allow them to operate for the duration of the festival and under the condition that “all amplified music and vocals are controlled to the satisfaction of the Director of Services for Communities”, as stated in a document from the council. During the festival, there is an 11 p.m. noise restriction on amplified music, and noise may be measured by Environmental Health staff using sophisticated equipment. Noise is restricted to 65dB(A) from the facades of residential properties; however, complaints from residents still occur. In the document from the council, they note these conditions and limitations for temporary venues would not necessarily be appropriate for permanent licensed premises.

In a phone interview, Cllr Austin-Hart expressed her concern about the unsettlement in Edinburgh regarding live music. She referenced the closure of the well-known Picture House, a venue that has provided entertainment for over half a century, and the community’s opposition to commercial public bar chain Wetherspoon buying the venue. “[It] is a well-known pub that does not play any form of music”, Cllr Austin-Hart said. “[T]hey feel as if it is another blow to Edinburgh’s live music”. “[We] cannot stop Wetherspoon’s from buying this venue; we have no control over this.”

The venue has operated under different names, including the Caley Palais which hosted bands such as Queen and AC/DC. The Picture House opened in 2008.

One of the venues which has been significantly affected by the licensing laws is the Phoenix Bar, on Broughton Street. The bar’s owner, Sam Roberts, was induced to cease live music gigs in March, following a number of noise complaints against the venue. As a result, Ms Roberts was inspired to start the aforementioned petition to have Clause 6.2 of the licensing policy reviewed, in an effort to remove the ‘inaudibility’ statement that is affecting venues and the music scene.

“I think we not only encourage it, but actively support the Edinburgh music scene,” Ms Roberts says of the Phoenix Bar and other venues, “the problem is that it is a dying scene.”

When Ms Roberts purchased the venue in 2013, she continued the existing 30-year legacy established by the previous owners of hosting live acts. Representative of Edinburgh’s colourful music scene, a diverse range of genres have been hosted at the venue. Ms Roberts described the atmosphere when live music acts perform at her venue as “electric”. “The whole community comes together singing, dancing and having a party. Letting their hair down and forgetting their troubles. People go home happy after a brilliant night out. All the staff usually join in; the pub comes alive”. However licensing restrictions have seen a majority of the acts shut down due to noise complaints. “We have put on jazz, blues, rock, rockabilly, folk, celtic and pop live acts and have had to close everything down.” “Residents in Edinburgh unfortunately know that the Council policy gives them all the rights in the world, and the pubs and clubs none”, Ms Roberts clarified.

Discussing how inaudibility has affected venues and musicians alike, Ms Roberts stated many pubs have lost profit through the absence of gigs, and trying to soundproof their venue. “It has put many musicians out of work and it has had an enormous effect on earnings in the pub. […] Many clubs and bars have been forced to invest in thousands of pounds worth of soundproofing equipment which has nearly bankrupted them, only to find that even the tiniest bit of noise can still force a closure. It is a ridiculously one-sided situation.” Ms Roberts feels inaudibility is an unfair clause for venues. “I think it very clearly favours residents in Edinburgh and not business. […] Nothing is being done to support local business, and closing down all the live music venues in Edinburgh has hurt financially in so many ways. Not only do you lose money, you lose new faces, you lose the respect of the local musicians, and you begin to lose all hope in a ‘fair go’.”

With the petition holding a considerable number of signatures, Ms Roberts states she is still sceptical of any change occurring. “Over three thousand people have signed the petition and still the council is not moving. They have taken action on petitions with far fewer signatures.” Ms Roberts also added, “Right now I don’t think Edinburgh has much hope of positive change”.

Ms Roberts seems to have lost all hope for positive change in relation to Edinburgh’s music scene, and argues Glasgow is now the regional choice for live music and venues. “[E]veryone in the business knows they have to go to Glasgow for a decent scene. Glasgow City Council get behind their city.”

Ms Martina Cannon, member of local band The Mean Reds, said a regular ‘Open Mic Night’ she hosted at The Parlour on Duke Street has ceased after a number of complaints were made against the venue. “It was a shame because it had built up some momentum over the months it had been running”. She described financial loss to the venue from cancelling the event, as well as loss to her as organiser of the event.

Sneaky Pete’s music bar and club, owned by Nick Stewart, is described on its website as “open and busy every night”.”Many clubs could be defined as bars that host music, but we really are a music venue that serves drinks”, Mr Stewart says. He sees the live music scene as essential for maintaining nightlife in Edinburgh not only because of the economic benefit but more importantly because of the cultural significance. “Music is one of the important things in life. […] it’s emotionally and intellectually engaging, and it adds to the quality of life that people lead.”

Sneaky Pete’s has not been immune to the inaudibility clause. The business has spent about 20,000 pounds on multiple soundproofing fixes designed to quell complaints from neighboring residents. “The business suffered a great deal in between losing the option to do gigs for fear of complaints, and finishing the soundproofing. As I mentioned, we are a music business that serves drinks, not a bar that also has music, so when we lose shows, we lose a great deal of trade”, said Mr Stewart.

He believes there is a better way to go about handling complaints and fixing public nuisances. “The local mandatory condition requiring ‘amplified music and vocals’ to be ‘inaudible’ should be struck from all licenses. The requirement presupposes that nuisance is caused by music venues, when this may not reasonably be said to be the case. […] Nuisance is not defined in the Licensing Act nor is it defined in the Public Health Act (Scotland) 2008. However, The Consultation on Guidance to accompany the Statutory Nuisance Provisions of the Public Health etc (Scotland) Act 2008 states that ‘There are eight key issues to consider when evaluating whether a nuisance exists[…]'”.

The eight key factors are impact, locality, time, frequency, duration, convention, importance, and avoidability. Stewart believes it is these factors that should be taken into consideration by LSOs responding to complaints instead of the sole factor of “audibility”.He believes multiple steps should be taken before considering revocation of licenses. Firstly, LSOs should determine whether a venue is a nuisance based on the eight factors. Then, the venue should have the opportunity to comply by using methods such as changing the nature of their live performances (e.g. from hard rock to acoustic rock), changing their hours of operation, or soundproofing. If the venue still fails to comply, then a board can review their license with the goal of finding more ways to bring them into compliance as opposed to revoking their license.

Nick Stewart has discussed his proposal at length with Music is Audible and said he means to present his proposal to the City of Edinburgh Council.

Dr Adam Behr, a music academic and research associate at the University of Edinburgh who has conducted research on the cultural value of live music, says live music significantly contributes to the economic performance of cities. He said studies have shown revenue creation and the provision of employment are significant factors which come about as a result of live music. A 2014 report by UK Music showed the economic value generated by live music in the UK in 2013 was £789 million and provided the equivalent of 21,600 full time jobs.

As the music industry is international by nature, Behr says this complicates the way revenue is allocated, “For instance, if an American artist plays a venue owned by a British company at a gig which is promoted by a company that is part British owned but majority owned by, say, Live Nation (a major international entertainment company) — then the flow of revenues might not be as straightforward as it seems [at] first.”

Despite these complexities, Behr highlighted the broader advantages, “There are, of course, ancillary benefits, especially for big gigs […] Obviously other local businesses like bars, restaurants and carparks benefit from increased trade”, he added.

Behr criticised the idea of making music inaudible and called it “unrealistic”. He said it could limit what kind of music can be played at venues and could force vendors to spend a large amount of money on equipment that enables them to meet noise cancelling requirements. He also mentioned the consequences this has for grassroots music venues as more ‘established’ venues within the city would be the only ones able to afford these changes.

Alongside the inaudibility dispute has been the number of sites that have been closing for the past number of years. According to Dr Behr, this has brought attention to the issue of retaining live music venues in the city and has caused the council to re-evaluate its music strategy and overall cultural policy.

This month, Dr Behr said he is to work on a live music census for Edinburgh’s Council which aims to find out what types of music is played, where, and what exactly it brings to the city. This is in an effort to get the Edinburgh city council to see any opportunities it has with live music and the importance of grassroots venues. The census is similar to one conducted in Victoria, Australia in 2012 on the extent of live music in the state and its economic benefit.

As for the solution to the inaudibility clause, Behr says the initial step is dialogue, and this has already begun. “Having forum discussion, though, is a start — and an improvement”, he said. “There won’t be an overnight solution, but work is ongoing to try to find one that can stick in the long term.”

Beverley Whitrick, Strategic Director of Music Venue Trust, said she is unable to comment on her work with the City of Edinburgh Council or on potential changes to the inaudibility clause in the Licensing Policy. However, she says, “I have been asked to assess the situation and make recommendations in September”.

According to The Scotsman, the Council is working toward helping Edinburgh’s cultural and entertainment scene. Deputy Council Leader Sandy Howat said views of the entertainment industry needs to change and the Council will no longer consider the scene as a “sideline”.

Senior members of the Council, The Scotsman reported, aim to review the planning of the city to make culture more of a priority. Howat said, “If you’re trying to harness a living community and are creating facilities for people living, working and playing then culture should form part of that.”

The review of the inaudibility clause in the Licensing Policy is set to be reviewed near the end of 2016 but the concept of bringing it forward to this year is still under discussion.

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Educating Yourself About No Stitch Cataract Surgery

byadmin

According to the American Academy of Ophthalmology about 22 million people in the United States over the age of 40 have cataracts. About half of all people over the age of 80 have this condition that clouds the lens of the eye and progressively leads to a decrease in vision. With the only cure found in cataract surgery, learning more about cataracts and their treatment can help you to answer questions for family members.

First, it is important to realize that despite the claims of some supplement manufacturers, there is no scientific evidence that any supplements can reduce the risk of developing cataracts. There is also no treatment except for cataract surgery at this time, but the type of surgery has changed dramatically providing patients with options for very fast healing with reduced risk of complications.

No-Stitch Surgery

Now, most cataract surgery is classified as “no-stitch surgery” because the entire process is done using an extremely fine tube that is inserted into the eye. This tube contains an ultrasound instrument that creates a safe vibration in the eye that breaks up the cataract into small pieces.

The pieces of the cataract are gently suctioned out of the eye and an artificial lens put in place. When the tube is removed the eye tissue simply seals over, without the need for any type of stitches. This entire process is actually known as phacoemulsification and has an extremely high success rate with very few complications.

Local Anesthesia Only

The entire process of no-stitch cataract surgery is done under local anesthesia on an outpatient basis. This anesthesia of the eye is usually done with drops, meaning no injections for those that are a bit nervous about the idea of a needle.

Patients typically do not require patching of the eye and there is minimal healing time required. Some patients, but not all, may experience mild discomfort in the eye for a day or two after the procedure. Most people do not need to drastically change their typical lifestyle during the healing process which can last up to eight weeks.

The benefits of no-stitch cataract surgery make this a good option for a wide range of different patients. You and your doctor can discuss the options, any possible risks, and any concerns that you may have before you decide if this is the right choice for your eye health.

City of Calgary, Canada removes fluoride from drinking water

Thursday, February 10, 2011

Calgary city council voted 10 to 3 on Wednesday to stop fluoridating their water supply. This overturns a previous plebiscite from 1989 to add the fluoride in an attempt to reduce tooth decay.

Opponents of water fluoridation claim that there could be unknown health effects of fluoride, and question its effectiveness in preventing tooth decay. They also claim that individuals should be able to decide for themselves whether or not to use fluoride. However, Alberta Health Services maintains that current evidence shows that fluoride is both safe, and beneficial to dental health.

It is estimated that no longer fluoridating the water supply could save Calgary’s city council C$750 thousand (€550 thousand) annually, as well as cutting a C$6 million (€4.3 million) upgrade to the fluoridation system.

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We’ll always have .paris: ICANN votes for top level domain registration in 2009

Tuesday, June 24, 2008

The Internet Corporation for Assigned Names and Numbers (ICANN), a non-profit organisation based in California, United States to regulate internet domain names, will vote on Thursday for a proposal to allow the open registration of top-level domains (TLDs) for Internet addresses. If the proposal succeeds, then as soon as next year any entity with sufficient funds may be able to apply for ownership of a relevant TLD, so that, for example, web sites could have addresses ending in .paris, .ebay or .love.

The range of TLDs has traditionally been heavily restricted by ICANN, with most being country codes (such as .uk for the United Kingdom, or .jp for Japan) or related to the purpose of a website (like .com for commercial websites, .edu for educational sites, and .org for non-profit organisations).

Some existing owners of TLDs have already set up arrangements that have made use of their flexibility – for example, the countries of Tuvalu and the Federated States of Micronesia have leased many domains on their country code TLDs (.tv and .fm respectively) to entertainment websites based on the association with “television” and “FM radio”.

Commentators have pointed out that this may open the way for the controversial .xxx domain, proposed for sites with adult content, which ICANN has previously rejected. Its existence will not be guaranteed in the new system, however, as domain registration will be subject to an independent arbitration process, and granted only when the registrant can demonstrate “a business plan and technical capability”, and applications may be rejected on “morality or public order” grounds. While the proposal does not include registration fees, the TLDs are predicted to cost several thousand dollars, at least.

ICANN CEO Paul Twomey, speaking with the BBC, compared the opening of domains to the opening of real estate in the United States in the 19th century. “It’s a massive increase in the geography of the real estate of the Internet,” he said.

The ICANN International Public Meeting, which opened in Paris, France on Monday, includes workshops and public forums as well as the ICANN Board meeting.

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School bus crash kills one student in Georgia, US

Monday, October 4, 2010

A school bus, with fourteen students from the Temple High School aboard, crashed in Georgia, United States, earlier today on Georgia State Route 113 going southbound, killing one student and leaving a dozen more injured. It is reported that at the time of the crash there was a trainee driving the bus.

According to the Carroll County Schools Superintendent, one student was killed and a dozen others were in need of medical care after the bus rolled over. A spokesman for the mayor and a highway patrolman also confirmed that a student died. The student has been identified as James Rashawn Walker of Temple, Georgia. It is reported that the bus was heading southbound on the highway when the driver lost control and drove into a ditch, which caused the bus to turn over.

Witnesses reported the bus flipped multiple times before coming to a halt. According to a witness, Ben Cole, a lot of the students were crying and in pain. The six injured were taken to the Tanner Medical Center and the Higgins Hospital, among them was the 45-year-old female bus driver. The Carrol County Sheriff’s Department are advising concerned parents to gather at Temple High School.

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Kids For Modeling And Models Young}

Kids for modeling and models young

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[youtube]http://www.youtube.com/watch?v=8DVkNWANQFk[/youtube]

Ckint Jhonson

Do you want to get your child into modeling? Many parents dream of getting their children into the world of modeling but do not know where to begin. Ironically, the demand is higher than ever for models young. One way that parents can get their children into modeling and have them earn at the same time is to join an online modeling agency. Online modeling agencies are not like off line agencies and are easier to get into. Parents who feel that their children are cute enough to model can get them into the agency and start seeing them in ads that feature models young.

Kids for modeling are used all over the internet as well as off line. They usually begin in catalogs or as advertisements online. Proud parents can watch as their child models begin to get more confidence and learn how to present themselves before the camera. Models young enough to sell products like toys and child clothes are very much needed in the industry. The problem is that most parents have no idea how to get their children into modeling. Before a parent can get their child into modeling, they need to have photographs of them taken by a professional photographer. These will be used for the portfolio of the child. Kids for modeling have full portfolios that feature both head shots and full length shots. These portfolios are then put on the modeling agency site so that clients who are looking for models young can find them. Clients who are looking for kids for modeling usually want professional photos that they can see. They will also want children who can behave and model in front of the camera without getting cranky. If a child is cute and has a good disposition, chances are that he or she will get modeling jobs by clients who look to these online modeling agencies to provide them with kids for modeling. Parents can help out their child by looking at the jobs posted on the job boards for models young. They can also make sure that they add new photographs for modeling jobs on the portfolio. Generally, when it comes to kids for modeling, the more experience the child has in the field, the more in demand they are. By persisting and making sure that your child has their portfolio out there and looking for jobs for him or her, you will see that your child begins to get an increasing number of jobs for models young. This can be a fun thing for a younger child and may lead to a modeling career for a teen or adult.Models young

enough to model children clothes and pose with toys are in demand online and off.

Kids for modeling

are needed for many jobs. One way that a parent can get their kids into modeling is to join an online modeling agency such as Online Model World.

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Kids for modeling and models young}

US president Obama, Congress call for blocking of executive bonuses at AIG insurance company

Wednesday, March 18, 2009

United States President Barack Obama stated Monday that insurance giant AIG is in financial trouble due to “recklessness and greed,” and called for legal action to stop the company from giving out millions of dollars in bonuses to its executives.

“It’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay,” Obama said. “How do they justify this outrage to the taxpayers who are keeping the company afloat.”

Obama’s statement comes after reports surfaced last weekend saying the insurance agency, which is in deep financial trouble, had paid US$165 million to executives in bonuses, after receiving $170 billion as part of a government bailout plan.

AIG has said that the bonuses have to be given out, as the company is legally required by contract to do so. A representative with the National Economic Council, Lawrence H. Summers, also said that the bonuses were required to be given out. If AIG had refused to give out the bonuses, employees could file a lawsuit against the company for the money.

“We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses — which are now being operated principally on behalf of American taxpayers — if employees believe their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury,” AIG CEO Edward M. Liddy said in a letter addressed to Treasury Secretary Timothy F. Geithner on Saturday.

Liddy said that he asked Geithner “to use that leverage and pursue every legal avenue to block these bonuses and make the American taxpayers whole.”

“I want everybody to be clear that Secretary Geithner’s been on the case,” Obama said. “He’s working to resolve this matter with the new CEO, Edward Liddy, who, by the way, everybody needs to understand, came on board after the contracts that led to these bonuses were agreed to last year.”

If the bonuses cannot be stopped, the U.S. Congress says they want AIG to reimburse the government. Congress is looking to impose stiff new taxes on the pay, or ordering the company to return the money which was originally granted from a government bailout. In a letter to House Speaker Nancy Pelosi on Tuesday, senator Richard Shelby promised that the treasury will recover all of the money. Several U.S. senators along with Liddy have sent letters to AIG asking for the bonuses to be renegotiated, something AIG agreed to and says they will reduce future bonuses by 30%. Senators state that if Libby does not respond by renegotiating the bonuses, the Senate Finance Committee will propose an excise tax. Not only will an excise tax be proposed on AIG, but all companies receiving bailout money and their employees who receive bonuses.

What is the highest excise tax we can impose that will stand up in court? Let’s find out.

Numerous House Democrats have introduced legislation which would place a 100% tax on any bonuses of over $100,000 from companies that are receiving government bailout funds. Meanwhile in the Senate, a bipartisan proposal by Max Baucus (D-Montana) and Charles Grassley (R-Iowa) would levy a special 90% excise tax on AIG’s bonuses. Asked Senator Baucus, who chairs the Senate Finance Committee: “What is the highest excise tax we can impose that will stand up in court? Let’s find out.”

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