Garuda Indonesia increases flights, fleet; may buy rival

Tuesday, June 9, 2009

Indonesian state-owned flag carrier Garuda Indonesia has been expanding, with the airline set to add nine new jets to its fleet and double its flights between Jakarta and Kuala Lumpur. Garuda is also considering a bid for defunct rival Linus Airways.

Garuda is expecting the imminent arrival of four new Airbus jets and five new Boeings. The Airbuses, A330-200s, are earmarked to fly international routes to Seoul and Shanghai starting in July. All four have Internet and telephone access for passengers. The Boeings, B737-800 Next Generation aircraft, are due to be in service by the 2010.

Logo of Garuda Indonesia

Also planned before the year’s end is the increase in flights on the Jakarta-Kuala Lumpur route from one to two per week. “We saw our current load factor[s] have reached 75 percent and even more during school breaks like June and July,” Said the company’s Vice President for Network Oversight, Risnandi. “This is very promising.”

Garuda is now reported to be considering a bid for Linus, who stopped operating on April 27 and have recently been stripped of the rights to fly their former routes as legally required for airlines that do not operate for more than thrity days. Linus still holds some documents of worth to Garuda for transfer to their subisidiary Citilink.

“I heard that Garuda intends to buy Linus who already hold an aviation business license (SIUP) and an air operators certificate (AOC) for the scheduled air services,” said Indonesian Director General of Civil aviation Herry Bakti S. Gumay to reporters for Bisnis Indonesia. He said that his office was in favour of a takeover by Garuda because foreign bids are limited to holding a maximum total of 49% of the shares in Linus.

Linus Airways’ President Directer Indra said that “we are flexible to acquisition, depending on the investor. If someone wants to buy 100% of the shares we can release our shares, but if someone wants take only a majority shareholding with us as a partner – we are also open.” Indra commented that he has had an informal meeting with Garuda CEO Emirsyah Satar but says that they never discussed acquisition by Garuda and that Linus is already in talks with another ‘strategic investor’ with a view to resuming operations.

Two airlines, Riau Airlines and Kartika Airlines, have both launched bids for the ten routes formally operated by Linus, which include four from Jakarta and three from Batam.

Garuda Indonesia’s Financial Direcotr Eddy Purwanto has anounced that US$650 million worth of loans from Bank Mandiri have been restructured. Garuda, who has apointed Rothschild’s as their international financial advisors, will now pay US$450 million by 2015.

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Claiming A Home Improvement Tax Deduction

By Alison Stevens

The approach of spring often encourages homeowners to start considering home improvements and repairs. However, before you start getting out the hammer and nails or hiring a contractor consider if your home improvements may be eligible for a home improvement tax deduction.

The first thing the homeowner must understand is the difference between a home improvement and a home repair. Simply put, a home repair is classified as fixing a problem. For example, repairing a hole in the roof, fixing a leak or repainting a room would be considered repairs. On the other hand, remodeling a kitchen, adding a couple of rooms, building a garage or installing a swimming pool would be classed as improvements. These improvements add to the living amenity of the homes owners and usually add value to the home.

The Internal Revenue Service sets out strict guidelines on how a homeowner can claim a home improvement tax deduction. It is strongly recommended that before you hire a contractor or start any home improvement works that you obtain advice from you tax consultant or from the local office of the IRS

[youtube]http://www.youtube.com/watch?v=WBw2ZD1XShc[/youtube]

Tax deductions for home improvements can fall into any of several different categories. A medical condition that required providing disabled access to home would normally be classed as a home improvement.

There is a special home improvement tax deduction for victims of Hurricane Katrina. Consult with the IRS regarding the Katrina Emergency Tax Relief Act as it increases the permitted qualifying home improvement loans.

If you are planning a home improvement to an area of your home that is in need of repair you may be able to include the repair as an improvement. The Tax Act states that where a repair is carried out in the same area of the home that is being remodeled then the repair can be included as part of the improvement project. So, if you are planning on remodeling your kitchen dont forget to take care of the leaking pipes at the same time and claim the entire project as a deduction.

Tax Credits vs Tax Deduction

Tax credits can also provide significant savings to the homeowner. Whilst a tax deduction for home improvement can reduce the amount of income on which tax ist payable, a tax credit directly reduces the tax itself. Tax credits are available for many types of home improvements. For example, installing insulation, adding energy-efficient windows, and some types of highly efficient equipment for cooling and heating, and solar water heating may all qualify for tax credits.

The IRS has many helpful publications to assist homeowners who are about to embark on home improvements so a visit to their website or calling into a branch office will usually provide the homeowner with a wealth of information.

And when you begin your home improvements remember to maintain accurate records of spending and save all receipts this will assist you enormously when the time comes to claim your home improvement tax deduction.

About the Author: Alison Stevens is an online author and maintains

The Home Improvement Website

to assist homeowners with tips and information about home improvements

Source:

isnare.com

Permanent Link:

isnare.com/?aid=125927&ca=Home+Management

Fatal police helicopter crash in Slovakia due to technical failure: preliminary Interior Ministry finding

Sunday, May 21, 2017

Last week’s police helicopter accident in eastern Slovakia was caused by technical failure and not human error, said the Ministry of Interior of the Slovak Republic on Friday. The statement is based on preliminary flight recorder data analysis. Ministry spokesperson Petar Lazarov confirmed the flight recorder and remains of the helicopter will be sent to the United States for further analysis. Helicopter crash occurred during a training exercise on May 10 shortly before 2:30 PM CEST at Prešov Air Base near Prešov, resulting in deaths of two crewmembers and serious injuries of both pilots.

Slovak police helicopter Bell 429, registration OM-BYM, in August 2015. Image: Puki301.

According to initial reports by the Slovak Police Force, the helicopter spiraled down from a height of about 100 metres and 200 metres away from the point of take-off. Slovak tabloid newspaper Plus Jeden De? wrote that, according to a source from the forensic team that analysed flight recorders data, both rotors failed at the same time.

The accident caused fatal injuries to two Fire and Rescue Corps firefighters, First Lieutenant ((sk))Slovak language: ?nadporu?ík Peter To?or, born 1974, and Lieutenant Colonel ((sk))Slovak language: ?podplukovník Radoslav Lacko, born 1968. According to reports, one died on the site, and one in the Louis Pasteur University Hospital in Košice. “The patient suffered serious head and chest injuries. Our doctors resuscitated him for about 50 minutes. Ultimately, he died of his injuries,” said hospital spokesperson Ivana Stašková. Both firefighters were buried on May 16. The helicopter pilots were hospitalized with serious injuries in the Ján Adam Reiman Teaching Hospital with Polyclinic in Prešov. While one of them was stabilized and conscious already on May 10, suffering from right femoral fracture, right rib and facial bone fracture, the second one is still in serious condition at the Department of Anesthesiology and Intensive Medicine, said hospital spokesperson Renáta Cenková.

The Bell 429 GlobalRanger helicopter, registration OM-BYM, was made in 2014 and commissioned by the Aviation Department of the Ministry of Interior on August 17, 2015. The Aviation Department later commissioned another Bell 429 helicopter, registration OM-BYD. According to Bell Helicopter, the primary purpose of both these helicopters was to be “border protection, search and rescue, natural disaster relief missions and road traffic law enforcement”.

Bell Helicopter reacted on the incident, expressing condolences and willingness to assist with the investigation. Members of the National Council started their late-afternoon session on May 10 with a minute of silence for the victims of the crash. Other government officials expressed their condolences as well, including the President Andrej Kiska, the Prime Minister Robert Fico, and the Mayor of Prešov Andrea Tur?anová.

This accident was not the first Bell 429 helicopter crash in Slovakia. On September 7 of last year, an Air-Transport Europe rescue helicopter crashed near Banská Bystrica, killing all three crewmen and a patient aboard. Investigation is still in progress and no preliminary results are known.

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2006 U.S. Congressional Elections

Wednesday, November 8, 2006

United States of America

As of 10:00 p.m EST November 8, 2006, the Democratic Party is projected to have gained control of both the United States House of Representatives and the United States Senate in the 2006 United States general elections. MSNBC projects that the Democrats now control 234 seats in the House of Representatives, 16 more seats than the 218 needed to control the House of Representatives as all 435 seats were up for election. In the Senate, where the balance of power is closer, one-third of all seats were up for grab. As of 10:00 p.m. EST, AP and Reuters were projecting that the Democrats had picked up all six seats they needed to retake the Senate, including the seats of incumbents Rick Santorum (Penn.), Lincoln Chafee (R.I.), Jim Talent (Missouri), Mike DeWine (Ohio), Jon Tester (Montana), and Jim Webb (VA). The Tester victory by less than 3,000 votes was projected at approximately 2 p.m. EST after the State of Montana announced the results of overnight recounts. Democrat Jim Webb has prevailed in that race by slightly more than 7,000 votes, though his opponent has not conceded and a recount may still occur.

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SAHTECH, SEMI, and Semiconductor Industry to promote “SEMI Safety Guideline” in Taiwan

Wednesday, April 2, 2008

“Localization of ‘SEMI Safety Guideline'”, executed by Safety and Health Technology Center of Taiwan (SAHTECH) and supervised by Semiconductor Equipment and Materials International (SEMI), was announced today in Hsinchu, Taiwan.

This localization included several fields on health and safety of semiconductor manufacturing, certification testing on electrical devices, evaluations on fire or natural diseases, and environmental issues on semiconductor manufacturing devices, etc.. Companies and manufacturers from the semiconductor industry also paid more attentions on this guideline because issues on carbon-savings, earthquakes, fire diseases, and environment-efficiencies were included into this guideline.

This [safety] guideline was originally promoted by SEMI since 1975 and was set up according to industry infrastructures in Europe, America, Korea, Japan, and Taiwan. Currently, its standards from the S1 to S25 was completely ruled by several world-class executives in semiconductor industry, and the S26 standard for FPD industry, proposed in Taiwan, was also in several arrangements with the other countries.
The semiconductor industry is a high-value industry in every country. If a fabrication plant (fab) was vandalized with fire or earthquake, how will a company decrease its lossless after a disease? As of some examples from the other countries, several companies didn’t pay more attentions on devices’ safety and finally got a damn trouble on counting lossless after a disease. By the way, voltages on electric using will take effect on energy especially the wasting of CO2. We [the semiconductor industry in Taiwan] hope this announcement will drive on global safety standards.
Generally, the designs of a fab will take effect on possibilities when a disease take place in, and its scale will chain much wasting on manufacturing devices and materials. For example, when using fluorine in a fab, a company would consider using a gas tank car rather than a steel bottle. But due to environment and carbon-saving issues, some evaluations should be tested in a fab.

On the other side of the incoming trade show of 2008 SecuTech Expo, scheduled after 2 weeks at Taipei World Trade Center, not only main fields on security devices, information security, and fire & disease preventions, the digital monitoring will be a hot topic in security industry. For applications on fire & disease preventions, because its issues contained industrial applications and ESH (Environmental, Safety & Health) managements, if a company want to decrease the ratio of fire disease or earthquake, companies from safety and related industries should pay more attentions on disease preventions.

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US Exchange rate a concern for Europeans

Sunday, November 21, 2004

European finance ministers at the G-20 meeting which opened Saturday, November 20th, are expected to discuss the current exchange rate of the euro vs. the dollar. The euro is currently trading high against the dollar, so that it takes around $1.34 (as of December 4, 2004) to buy one euro. This has the effect of making exports from Europe to the USA more expensive, increasing the likelihood that US consumers will buy from a non-EU country. The exchange rate is set by the currency markets, although it is heavily influenced by the current account status (ie. the balance of trade between countries).

Some European leaders want the United States to take action to increase the value of its exchange rate. The US though is seen as not wanting to do this, for two reasons:

  1. A low dollar relative the euro means that all exports from the US to Europe are cheaper for Europeans to buy, increasing the likelihood that Europeans will buy US items and thus helping the US economy
  2. Many actions which governments have done in the past to bolster unnaturally their currency have been fought by the market, and the market won. The most famous example is George Soros’ “breaking of the Bank of England”

One side-issue that this discussion might evoke is that of the exchange rate between the dollar and the Chinese yuan, which is fixed by China. Studies of this exchange rate using the concept of purchasing power parity (ensuring that a dollar traded to Chinese yuan will still buy roughly the same amount in China) show that the Chinese yuan has been around 50% undervalued for the past two years. This makes things from China on average 50% cheaper for a US consumer than they should be. US officials have throughout 2004 repeatedly called for China to end this practice. Normally it would end itself, i.e. even with a fixed exchange rate this process could only go on for so long before the entire Chinese market becomes valued differently. But since the Chinese central bank has been constantly lending money to the United States government (via the purchasing of US treasury bonds), that effect is mitigated.

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Ontario Votes 2007: Interview with Green candidate Peter Ormond, Hamilton Centre

Tuesday, September 18, 2007

Peter Ormond is running for the Green Party of Ontario in the Ontario provincial election, in the Hamilton Centre riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Ormond did not answer three questions: “Which of your competitors do you expect to pose the biggest challenge to your candidacy? Why? What makes you the most desirable of all candidates running in the riding?”, “Are the property taxes in your riding at a fair level for the amount of services received in the municipality?”, and “Of the decisions made by Ontario’s 38th Legislative Assembly, which was the most beneficial to your this electoral district? To the province as a whole? Which was least beneficial, or even harmful, to your this riding? To the province as a whole?”

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

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Edmund White on writing, incest, life and Larry Kramer

Thursday, November 8, 2007

Edmund WhiteAll photos: David Shankbone

What you are about to read is an American life as lived by renowned author Edmund White. His life has been a crossroads, the fulcrum of high-brow Classicism and low-brow Brett Easton Ellisism. It is not for the faint. He has been the toast of the literary elite in New York, London and Paris, befriending artistic luminaries such as Salman Rushdie and Sir Ian McKellen while writing about a family where he was jealous his sister was having sex with his father as he fought off his mother’s amorous pursuit.

The fact is, Edmund White exists. His life exists. To the casual reader, they may find it disquieting that someone like his father existed in 1950’s America and that White’s work is the progeny of his intimate effort to understand his own experience.

Wikinews reporter David Shankbone understood that an interview with Edmund White, who is professor of creative writing at Princeton University, who wrote the seminal biography of Jean Genet, and who no longer can keep track of how many sex partners he has encountered, meant nothing would be off limits. Nothing was. Late in the interview they were joined by his partner Michael Caroll, who discussed White’s enduring feud with influential writer and activist Larry Kramer.

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China calls Japan’s gas drilling plan ‘a serious provocation’

Thursday, April 14, 2005

China is protesting Japan’s plans to authorize gas and oil drilling in disputed waters in the East China Sea.

Chinese Foreign Ministry spokesman Qin Gang told reporters that China is protesting Japan’s plan to allow drilling for gas and oil in disputed waters in the East China Sea, characterizing the move as “a serious provocation”.

On Wednesday, Japan announced that they would begin processing applications to allow oil and gas drilling firms to explore in the disputed area, east of the “demarcation line” which has held up applications to drill in the area for decades.

“The Chinese and Japanese positions differ on that matter, but we need to continue talks from a big point of view, without inflaming conflicts, and to turn the sea of conflict into a sea of coordination,” Japanese Prime Minister Junichiro Koizumi told a news conference.

Qin Gang said that China reserved “the right to take further reaction,” according to Xinhua.

“China has never ever recognized and will never recognize the demarcation line,” Qin told reporters.

Japan’s exploration of the disputed zone could start early next month, and will be defended by Japanese military vessels, according to the Sydney Morning Herald.

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New Zealand praised by NATO Secretary General

Wednesday, March 30, 2005

New Zealand has received praise from the Secretary General of NATO for their role in Afghanistan.

Jaap de Hoop Scheffer, Secretary General of NATO has praised New Zealand’s role in providing security, and aiding with reconstruction in Afghanistan. He made the comments in Wellington during a three-day visit of New Zealand.

“The fact that we are in Afghanistan, and that we see New Zealand participation in Afghanistan is proof that we are fighting this fight together,” said Mr. Scheffer.

After talking with Mr. Scheffer, Prime Minister Helen Clark said “Later this year when the parliamentary elections are held in Afghanistan, the Bonn process will have run its course. We need to start talking with our partners in Nato, in the Afghanistan Government itself, about what is the post-Bonn process.”

Mr. Scheffer is scheduled for further talks with the Prime Minister, as well as other ministers and officials Wednesday. On Thursday he will address Victoria University’s Institute of Policy Studies and the Institute of International Affairs. He is the first head of NATO to visit New Zealand.

Mr. Scheffer will leave on Thursday for Australia and then Japan.

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