G20 agrees to avoid currency war, also agrees to reduce trade imbalances

Tuesday, October 26, 2010

The Group of 20 (G20) of the world’s leading developed and developing countries’ finance ministers agreed on Saturday to pursue a plan that would avoid dangerous currency devaluations and would also would attempt to reduce trade imbalances. The plan was introduced by the United States, and the G20 meeting was held in South Korea.

The plan was announced amid rising worries of a “currency war” that would lead to devalued currencies in order to get an export advantage and would damage the global economy. “Our cooperation is essential. We are all committed to play our part in achieving strong, sustainable and balanced growth in a collaborative and coordinated way,” a statement released by the G20 said.

On the topic of trade imbalances, the G-20 stated that “excessive imbalances” would be “assessed against indicative guidelines to be agreed.” This statement was weaker than a commitment proposed by United States Treasury Secretary Timothy Geithner, which would keep trade imbalances “below a specified share” of GDP for the next few years. This proposal was met with strong opposition from export-based economies such as Japan, whose Finance Minister Yoshihiko Noda argued that specific targets were “unrealistic”, but approved of unspecific “guidelines”. He added: “There are many perspectives on the current account issue. Every country has a different situation when it comes to surpluses and deficits. So we need to study this carefully.”

The United States said that they will continue to push for numerical targets and specific time frames at next month’s South Korean summit, where the heads of state of the G20 will convene. “If the world is going to be able to grow at a strong, sustainable pace in the future . . . then we need to work to achieve more balance in the pattern of global growth as we recover from the crisis,” US Treasury Secretary Geithner declared. The finance ministers also set China on the track to floating its currency more, and overhauling the International Monetary Fund (IMF) to give more representation to developing powers such as China and India.

The G20 was created in 1999, includes both developed and developing countries, and represents 85% of the world’s economy. The G20’s heads of state will meet in Seoul, South Korea, next month.

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Wikinews interviews Joe Schriner, Independent U.S. presidential candidate

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_Joe_Schriner,_Independent_U.S._presidential_candidate&oldid=4497624”

Lower Back Pain Treatments To Consider

Keeping in mind, today’s working style and culture, maximum people have long hours sitting job or suffer such pains due to bad posture, strained muscles, injuries, muscle sprains, sudden different body movements while lifting weights or aging.

The spine or the back is the most important part of the body as it binds the whole body together and maintains the balance within as well. Difficulty or irritation in the back causes one to unwell or unstable all the time and also causes difficulty in performing day-to-day activities. Since the lower back can be caused by various symptoms, so it becomes difficult to access the root cause of one’s pain without performing a proper physical diagnosis of the body. A few major causes of Lower Back Pain are:

  • Spondylitis
  • Aging
  • Sciatica
  • Slipped Discs.
  • Strains / Muscle Spasms.
  • Pregnancy
  • Muscle / Nerve Injury.
  • Kidney Diseases/ Appendicitis.
  • Being overweight
  • Physically Inactive.
  • Stress

Lower Back Pain Treatment

There are certainlower back treatments by which the pain is treated if the cause of it is diagnosed properly. We have home remedies, rest, medications, and physical movements such as massages, therapies, or surgical treatments.

  • Self-Care/ Home Care Treatments – when you are suffering from lower back pain, the immediate action one should take is to stop doing strenuous physical activities and have some rest which provides immediate pain relief. Putting a pillow under the knees while sleeping provides pain relief to the lower back. Improving sleeping or lying body posture also, reduces back pain. Stretching and strenuous physical exercises should generally be avoided as they may cause irritation in the specific region.
  • Medication- There are a few non-prescribed medications available on the market that are recommended by doctors for instant pain relief. One of the reputed clinics for treating back pain is the ‘Back Solutions Clinic’. A medicine named Ibuprofen is considered the best short-term treatment and pain reliever for lower back pain.
  • Heat and Ice Packs – Heat and cold therapy help in reducing inflammation, thus resulting in lower back pain relief. Ice packs and heat packs both can be used alternately.
  • Chiropractic Treatment – This is mainly used to improve spinal function caused by increasing motion or inflammation, also known as Chiropractic Manipulation.
  • Aerobics/ Exercises – Some specific lower back exercises are prescribed to promote healing, like slow walking or swimming, etc.
  • Physiotherapy/ Massages – Physiotherapy exercise therapy decreases pain. Some electronic shocks or certain ultrasounds and other techniques are used to provide pain relief. Also, certain massages are specially designed to provide effective lower back pain relief. You can get yourself the best massage chair consumer reports as well.
  • Acupuncture – The acupuncture technique is most recommended forlower back pain, as the process includes putting needles on the specific pain region, to loosen up the nerves so that pain goes off.
  • Routine Check – Some little changes in daily routine like maintain a good body posture, eat healthily, have a balanced diet, exercises, and also be careful while sitting and standing, have a firm mattress for back support and keeping a pillow under knees while sleeping, all these helps to avoid severe damage to back pain.

Students pass out forcing Michigan school to evacuate

Wednesday, September 26, 2007

A Catholic school in Michigan, United States was evacuated today after several students became sick during a church service.

Bloomfield Hills Public Safety Director Rick Matott said St. Hugo of the Hills Catholic School evacuated its 860 students around 9 a.m. EDT today. At least three children had passed out during the church service. Two children reportedly had to be taken to area hospitals.

Medical crews and hazardous material experts responded to the school to determine the cause of the illness. However, it is still not known what caused the students to become sick.

Students walked to the nearby Oakland Community College campus while they waited for their parents to pick them up.

St. Hugo of the Hills Catholic School is about 15 miles northwest of Detroit.

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Google launches Google Code project, showcasing open source code, APIs

Wednesday, March 23, 2005

On Thursday, March 17, Google announced the launch of code.google.com, a new website for its open-source software (also known as “code”) and APIs, for use by external developers. This launch is the first significant contribution Google has made to the open-source community. The release was announced at the end of the O’Reilly Emerging Technology Conference in San Diego.

Google’s announcement comes two weeks after Yahoo announced its own Developers Program, offering access to a new collection of its APIs, at the Search Engine Strategies 2005 Conference & Expo in New York. Chris DiBona, Google’s Open Source Program Manager, spoke about the release, emphasizing their desire to feature good programs that were being developed using their APIs. Two XML feeds are currently offered on the site, one for general updates to code hosted there, and another for changes to the weekly featured content.

The initial software projects provided on the Google site are narrowly focused, consisting of tools for debugging and compiling in two computer languages, C++ and Python, particularly when handling multi-threaded code. Google says this is in part to get feedback from a particular audience, before expanding the scope of the project.

These tools are all available under the BSD open-source license, though the site’s FAQ notes that it is not tied to any particular license, and in the future is likely to include code released under a variety of free licenses. Google has said that it is developing this site, in part, in the hopes that it can use some of the resulting code in the future.

Retrieved from “https://en.wikinews.org/w/index.php?title=Google_launches_Google_Code_project,_showcasing_open_source_code,_APIs&oldid=1110559”

Preparations for inaugural Bathurst International Motor Festival begin

Wednesday, February 22, 2006

The Bathurst Regional Council has begun preparing the Mount Panorama motor racing circuit for the inaugural Bathurst International Motorsport Festival (BIMF) to be held between April 13 and 16, 2006. The Mount Panorama motor racing circuit is considered to be the home of motorsport in Australia.

Council’s staff have been busy cleaning the facilities, erecting signage, checking pedestrian bridges and inspecting the track surface for the past few days.

The BIMF will be the first event to be held at the 6.2 kilometre circuit over Easter since 2000. In 2000, Event Management Specialists held the first motorcycle racing event since 1990, but due to EMS going bankrupt a short time after their 2000 event was ran and the inability of the then Bathurst City Council to find another promoter, the Easter event was canned.

The BIMF is inspired by the Festival of Speed and Goodwood Revival in the United Kingdom. The Bathurst Regional Council and event promoter Global Entertainment Team promise that the event “will cater for all motoring enthusiasts, collectors and historians”.

According to the BIMF website, the on-track program consists of:

  • Manufacturers showcasing their vehicles and track times
  • Historic touring car races
  • Aussie racing car races
  • Australian GT sports car
  • Parade laps by car clubs
  • Parade laps and races by “Legends of Motorsport”
  • Stunt car and bike events
  • Rally cars
  • Displays of cars from all eras of Mount Panorama’s history
  • The chance for patrons to purchase a ride around the circuit in a race car.

Off the track, the organisers have promised manufacturer displays, merchandise stands, music, joyflights, Off-road demonstrations and joyrides, autograph sessions and interviews with influential people in the Australian motor industry.

Retrieved from “https://en.wikinews.org/w/index.php?title=Preparations_for_inaugural_Bathurst_International_Motor_Festival_begin&oldid=552539”

Forex Trading Tips 6 Golden Rules To Keep Your Sanity When Trading Forex

1. Check the economic calendar before you start your trading sessionImagine spending half of your day to find some forex trading signalsthat are going to turn into nice profit. You jump in and the next thingyou know your investment is going into the tank for no apparent reason.Then you found out that there were some announcements that you were notaware of going against your trades. Making this forex strategy aregular part of your routine will help you avoid this pratfall. Awebsite that you can refer to every day is ForexFactory.2. Get away from your computerA lot of home traders fall into the trap of all but becoming a hermit.When you are not trading, get an activity by hanging out with yourbuddies or do something more relaxing. You just know that you need getout of this environment and get your head cleared before deciding onyour forex trading strategies.3. Surf the internet and going to forumsIf you are trading at home, you more than likely don’t have anyone tobounce idea’s off of or to even discuss what is going on. Joining apublic forum on currency trading will address both of those issues.When the market slows down, pop in and see what everyone is talkingabout and you will find it to be a pleasant distraction. You may findsome interesting forex indicators in the forum that could fascinate youfor a while, or you can even search for some forex reviews for theproduct people are selling.4. Trading is not only depending on brain, get healthy!Although it may sound funny to you, but it is a forex trading tip thathas merit all by itself. You have to keep both your mind and bodyhealthy in order to concentrate. The occupation itself is verysedentary. You are sitting at a desk and staring at a computer all day,so give yourself a good sweat every day and you will be much sharper atyour trading.5. Make a great trade, treat yourself to a breakYou will soon realize that you are always under the gun when you aretrading and you are going to have to ease up at times to keep thatintensity level up. If you have a successful trade or possibly avoidedwhat could have been a major loss, give yourself a quick 15 minutebreak so you can recharge and keep that focus. Nobody can maintain thatstressful level all day, never try to be superman.6. Diversify your moneyDiversification is also one of the forex trading techniques that youmay want to implement. You may want buy some regular stocks or get someinvestment properties and put your money to work for you. That ispassive income.The above forex trading tips may help you to distress, but rememberthat it still depends on whether you have the discipline to follow yourvery own forex trading system. If you can, you will have the confidenceto trade without much worries.

[youtube]http://www.youtube.com/watch?v=l64NuIrj4s4[/youtube]

British supermarket chain Tesco to sell its Polish branch to Salling Group A/S

Sunday, June 21, 2020

On Thursday, UK-based retailer Tesco and Denmark-based retailer Salling Group announced their agreement over selling a large portion of Tesco’s Polish operation to Salling Group. Tesco stated its intention to leave the Polish market altogether, Salling its intention to strengthen its Netto chain in Poland.

The deal covers 301 stores, two distribution centers and the head office. With the acquisition Salling said it seeks to improve its coverage in Southern Poland and, over 18 months at a cost of one billion z?otys, intends to merge these stores into its currently 386 strong Netto chain. Salling also takes over about 7000 employees from Tesco — Netto Poland currently has about 5000 employees. Tesco continues to run 19 stores, which were not included in this package.

The sale price, to be payed in cash, is 900 million z?otys (181 million pounds). In the 2019/20 fiscal year, Tesco said its Polish branch had a 24 million pounds operating loss with a 1368 million pounds turnover; to which the sold units contributed with a 947 million pounds turnover for a 107 million loss. At fiscal year-end, the sold units held a value of 681 million pounds in the books.

UOKiK, the Polish anti-monopoly agency, has to approve the deal. The parties said they expect a decision this year.

Tesco has suffered losses from its Polish operation for several years, as customer preference has shifted away from hypermarkets, Tesco’s preferred store size, to smaller discount stores like Biedronka and LIDL. The Sunday trade ban, introduced in 2018, also hurt sales. According to Notes from Poland (NFP), some discount stores resorted to offer postal services, a loophole which allows Sunday opening hours.

In 2015, Tesco centralized its management in the Central European region, comprising Czechia, Hungary, Poland, and Slovakia, but reverted the decision later on. At the time, the company invested in e-commerce and started home deliveries, but Gazeta Prawna reports only 0.5% of Polish grocery turnover comes from this segment, compared to 7% in the United Kingdom.

In the past few years, Tesco Polska has cut expenditures by streamlining its product range, halving its staff, shutting off home deliveries in parts of the country, and closing off stores, reportedly including last year its Poznan distribution center. Deutsche Welle (DW) reported in mid-2019, 62 Tesco outlets had closed within a year. Staff layoffs left meat, fish and delicatessen departments without designated shop assistants, and forced staff canteen closures and administration simplifications.

Tesco sold its roughly 2000 Thai and 74 Malaysian stores to Charoen Pokphand in March; announced leaving its joint venture with China Resources Holdings in February; and in 2015 sold its South Korean chain HomePlus. Speaking to Portfolio.hu, Matt Simister, Tesco’s CEO for Central Europe, explained that the company held a 4% share of the Polish retail market, compared to its 16% share in Hungary, and stated they want to stay in Hungary. In a DW report in March of last year, Dave Lewis, CEO of Tesco, stated they did not have intentions of leaving Thailand or Poland.

Tesco’s Polish operation, according to Gazeta Wyborcza in March, is too big for a single monolithic sale. The chain’s press release reported 22 sold units in the past year and a half, for around 200 million pounds. NFP named the Kaufland chain and property developer Echo Investment among the buyers.

Both Tesco and Salling entered the Polish market in 1995.

Retrieved from “https://en.wikinews.org/w/index.php?title=British_supermarket_chain_Tesco_to_sell_its_Polish_branch_to_Salling_Group_A/S&oldid=4577092”

Buffalo, N.Y. hotel proposal threatened by possible lawsuit

Thursday, March 16, 2006

Buffalo, New York — The property at 605 Forest in Buffalo was the center of attention at last night’s public meeting held at the offices of Forever Elmwood on Elmwood Avenue in Buffalo. Eva Hassett, Vice President of Savarino Construction Services Corporation, confirmed last night that the company will be seeking a variance for the 605 Forest property. Originally, both the 605 and 607 Forest Avenue properties were going to have variances placed on them. As it stands, 607 Forest will not be directly affected by the proposal, should it go forward. Both 605 and 607 are currently occupied by residents.

During Monday night’s meeting, Pano Georgiadis, owner of 605 Forest and owner of Pano’s Resuraunt at 1081 Elmwood Avenue in Buffalo, threatened to “sue” Savarino Construction if they tried to obtain a variance on his property to build the Elmwood Village Hotel.

The Elmwood Village Hotel is a proposal by Savarino Construction that would be placed on the corner of Forest and Elmwood in Buffalo. In order for the project to move forward, at least five buildings (1119-1121 Elmwood) which include both residences and businesses will have to be demolished. The hotel was designed by architect Karl Frizlen of the Frizlen Group. Although the properties are “under contract,” according to Hassett, it is unclear whether Savarino Construction owns the properties. Hans Mobius, a resident of Clarence, New York and former Buffalo Mayoral candidate, is still believed to own them.

Currently, none of the properties is zoned for a hotel.

A freelance journalist writing for Wikinews asked Hassett what kind of zoning permit they [Savarino] would be applying for and, if 605 Forest is included, what zone that would be.

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

“There is a ‘special development plan’ in front of the council, which changes only one thing about the zoning. It allows one permitted use for just a hotel. The rest of the zoning remains as it is under the current Elmwood Business District zoning. 605 and 607 Forest are not required for the project. They are not part of the footprint for the project. Let me answer this question again. This is on the record, in council: 605 needs to be rezoned in order to facilitate the project because of the sideyard requirement. Anything in C-2 is excluded besides the hotel. So we’ve taken the C-2 and included the hotel as a permitted use, and excluded everything else and everything else remains the same.”

However, during the February 28 Common Council meeting, Hassett was quoted as saying that the two properties were “off the agenda.”

“Now Karl said, at the last meeting, that they will build this hotel right on the borderline [property line]. If a wall forty-five to fifty feet high goes next to this house, of course it’s not right. You really have to go with whatever the city code says, so you have to get back as many feet as the city code says,” said Georgiadis.

“If you try to get a variance to change the code, I will sue you. This is my home, number one,” added Georgiadis. “First of all I think we are all wasting our time here, you [Savarino], have already made up your mind, but if you go against city code, and you try to do the most rooms with a minimal amount of parking, again, I will sue you. If you build a hotel, in my idea its going to fail. It’s doomed, ok. [If] it’s going to be a home for the disabled, for the homeless, for recovery people, but that’s another story. Then how is it going to be when we say, well I told you so? You will be over and done with. Its very hard to take a four story building [hotel] down.”

Georgiadis stated last night that he was against the proposal and signed a petition to stop it, jokingly saying, “this isn’t a paper to sign to build the hotel, is it? Don’t make me sign the wrong thing.”

Joseph Golombeck, district councilman, was at Monday’s public meeting and said, “we also did request this and the reason we are doing this as a special business district is so that it has to be this specific plan. They [Savarino] can’t go halfway through it and in six months decide that [the hotel] it’s going to be three floors. They can’t decide it’s going to be five floors. It has to be, per law, exactly what it is that they brought to us [the public] so far, and then ultimately to the City of Buffalo Common Council when it’s approved. So if it gets approved, it has to be this specific, exact project. They couldn’t make it fifty parking spots, they couldn’t make it thirty. It has to be specifically what they have right here.”

A man who lives on Granger Street in Buffalo attended the meeting, speaking in favor of the hotel development. He claimed, “There are a lot of low property values. Hopefully if we embrace development, our property values, for those of us who have property, will go up. There are a lot of people unfortunately, who are working hard, that do not get a chance to come to these meetings. I myself was at work and wasn’t able to go to the last two meetings. I express that we appreciate that you [Savarino] invest in the City of Buffalo and for what you hope, because I do not think Savarino is into losing money. These people are not in business to be losing money here. They are hoping for the success of this [the hotel] more than any one of us. They are hoping that the property values in this area will go up more than any one of us, because it will benefit them [the residents and business owners], more than any one of us. I want this city to develop. I don’t think anybody else is here understanding that we’re looking for development in this city, we are looking for the city to get better. The councilman here is not interested in Buffalo failing.”

Evelyn Bencinich, resident of Granger Street, would have the hotel directly behind her home, if it were to be built.

“What about construction [time]? Is that just for the exterior, the nine months? Or does that include the interior? Is there going to be blasting through bedrock? Is there property protection for damage? Are you [Savarino and the Frizlen Group] responsible?”, asked Bencinich.

According to Frizlen, there is a layer of solid bedrock at least 30 feet from the surface of the land saying, “we anticipate that the bedrock is at least thirty feet down.” He also admitted that “we haven’t done any soil sporrings,” but did say “the bedrock is somewhere in between twenty-five and thirty feet [down], we don’t need to go that deep. So blasting is most likely out of it [the question].”

“Personally, I can only speak from the city side, but a few years ago we rebuilt Vulcan Street, in the northwest corner of Buffalo, and there were a couple of properties that were damaged and they [the owners] were able to file a claim against the company that did the work and they won in each case. It was the same thing with a school that was built on Military Road. There were a couple of problems with foundations on a couple of properties, and they weren’t sure if caused by the school or not, but the insurance company ended up paying them,” answered Golombeck.

“I would assume that Savarino is insured with someone. So if there is a problem with anything that happens to your properties, what I would recommend is that anybody that lives on Granger Place, if this does go through, that you get pictures taken of your basement and of your foundations, because God forbid if there is a problem, you want to have an[sic] before and after [picture]. You don’t want to come afterwards and there’s a crack in there [foundation] and you have no way of proving that it happened,” added Golombeck.

According to Golombeck, the properties that Mobius owns have been “in housing court on several occasions, but has a date of April 11, 2006 that he is going back [to court] for these properties. So it is in housing court and I wouldn’t know Mr. Mobius if he walked in this room right now,” stated Golombeck.

“I’ve gone after him on numerous occasions and everytime he gets out of housing court with a slap on the wrist. If I am a conspiracy theorist and say that there is a lot more going on than meets the eye. I can only get him into housing court. Once he’s in housing court, the judge rules on it. Now I don’t mean to take any shots at previous administrations, but I am hoping with the new administration, being in here, that the inspections department is going to be a much better department than it has been for the previous several years.”

The city’s Planning Board on March 14, 2006, agreed to send the Elmwood Village Hotel proposal back to the Common Council so that it may “be opened back up to discussion from the public.”

On March 2, 2006 the Common Council sent the proposal “to committee” for further discussion and also requesting that the public be “engaged further.”

During that meeting, Justin Azzeralla, Executive Director for Forwever Elmwood, said that the organization “supports the hotel project.”

Also on March 2, the planning board agreed to table, or postpone, any decision on the hotel proposal for at least thirty days, also citing the need for the public to be “more engaged.”

The Common Council is expected to meet on March 21, 2006 at 2:00pm local time where they may approve or deny the proposal.

According to The Buffalo News, at least six Common Council members support the hotel project and are pledging to vote to approve it at the meeting on Tuesday, March 21.

However, the city’s Planning Board will get the final say on the project.

Retrieved from “https://en.wikinews.org/w/index.php?title=Buffalo,_N.Y._hotel_proposal_threatened_by_possible_lawsuit&oldid=1981814”

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

Monday, November 26, 2007

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

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

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

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