" href="https://www.crgeng.com/metlife-to-acquire-travelers-life-and-annuity-from-citigroup/" rel="bookmark">
MetLife to acquire Travelers Life and Annuity from Citigroup

Monday, January 31, 2005

Metlife announced on 01/31/05 that they were going to acquire Travelers Life and Annuity from Citigroup. Travelers Life and Annuity is an insurance underwriter. MetLife is a large life insurance and annuities underwriter. MetLife will have to borrow a lot of money to pay for the company, so rating agencies like S&P warn that the AA credit rating of MetLife might be lowered. This would cause the interest rates at which all of MetLife’s debt must be repaid to increase.

Citigroup committed to continue distributing Travelers life insurance and annuities through its Smith Barney stock brokers, Primerica agents, and Citibank branches.

Citigroup was previously known as Travelers Insurance before it bought Citicorp. First the Property and Casualty business of Travelers was spun off, and now the life insurance division has been sold off. This is primarily because insurance underwriters get a lower price to earnings multiple from the stock market because of the cycles and uncertainty associated with the insurance business. Also, having an insurance underwriter and a bank together does not usually create “cross-sell” opportunities, because consumers and businesses almost always buy life insurance and annuities through brokers who have a duty to give them other options. Citigroup will continue to sell insurance through its brokers as before.


" href="https://www.crgeng.com/william-salice-creator-of-kinder-surprise-eggs-dies-at-83/" rel="bookmark">
William Salice, creator of Kinder Surprise eggs, dies at 83

Sunday, January 1, 2017

On Thursday, William Salice, credited with creating Kinder Surprise eggs, died at age 83 in Pavia, Italy because of a stroke, according to his foundation “Color Your Life Campus”. Salice had worked with the businessman Michele Ferrero in the 1960s, the creator of the Nutella cream and owner of Ferrero Rocher. Ferrero died in 2015.

In 1974, Kinder Surprise was launched with plastic toys, which are sold within the eggs to surprise children. Due to this, the sale of Kinder eggs is prohibited in the US. A 1938 US law prohibits the sale of food containing objects in its interior. It is also prohibited in Chile, due to an obesity-reduction law brought in last year. Last year a three-year-old girl died in France, swallowing the plastic toy.

In 2007, after his retirement, Salice founded Color Your Life Campus from his retirement bonus of €400,000 in Italy. It aims to help young people between the ages of thirteen and eighteen discover and develop their own talents. Salice’s career spanned 46 years.

Since 2013, the Kinder Surprise Company has been taking care of continuing the manufacture and processing of chocolate eggs. According to the company, the chocolate egg has 32% milk and 15% cocoa in its composition.

" href="https://www.crgeng.com/2000-houses-still-have-no-power-in-canterbury-new-zealand/" rel="bookmark">
2000 houses still have no power in Canterbury, New Zealand

Monday, June 19, 2006

2000 Cantabrians are still without power a week after a huge snowstorm struck and took out the electricity in mid and south Canterbury.

Sunday June 18 came and brought more snow to mid and south Canterbury, but just a minuscule amount compared to last weeks.

Civil Defence says “It is keeping an eye on the situation, and welfare work is continuing to make sure everyone is coping. Iroquois helicopters are reportedly on standby at Wigram Air Base if needed,”

Chief executive of Orion (a power company) Roger Sutton says, “Another 20 or 30 homes are without power in the Lake Coleridge area.”

Repair crews were taken out of duty on Sunday because the snow got too deep, but should be back on the job Monday June 19.

NZ Post also reports that they have had to cancel deliveries to some Dunedin suburbs because it got too icy. NZ Post says that deliveries will continue on Tuesday June 20 or if the weather clears up before that.

The MetService has put severe weather warnings for some of the central cities of the North Island.

Barry Stratton, Transit, says that all roads are open in the South Island, but some will have delays.

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

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

10 Oct

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.

News briefs:September 8, 2005

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News briefs:September 8, 2005
Author:

10 Oct

[edit]

Australian government considers controlling fuel supplies

" href="https://www.crgeng.com/australian-government-considers-controlling-fuel-supplies/" rel="bookmark">
Australian government considers controlling fuel supplies
Author:

9 Oct

Monday, June 16, 2008

The gas crisis in Western Australia continues to deepen with more businesses standing people down without pay. Businesses have been instructed to turn off non-essential items including limiting the number of lifts and reduced lighting; domestic customers are also urged to reduce energy use.

In the Federal parliament today Resources Minister Martin Ferguson raised the prospect of activating the Liquid Fuel Emergency Act. “During such a situation, I can control the production, transfer and stock levels of crude and liquid fuel…While I sincerely hope that this will not be required, the Liquid Fuel Emergency Act provides authority for the Australian Government to prepare for and manage a national liquid fuel supply emergency,” he said.

Western Australian Premier Alan Carpenter called on all Western Australians to reduce energy usage, saying that the situation could be managed with on going co-operation, while reassuring everyone that the crisis will be short, with the Apache Corporation expected to begin partial operations in two months. Supplies were interrupted after a fire at Apache’s Vanarus Island refinery, which supplied 30% of the state’s natural gas requirements.

An Alinta spokesman has said that with the expected cold weather during the next week demand will put further pressure on supplies, advising that it is critical that all consumers limit energy usage.

Alinta requests that residential customers;

  • use only essential heating and limit it to one room
  • turn down hot water system by 10 degrees
  • reduce shower times
  • wash in cold water.

While suggesting small businesses;

  • shift production schedules
  • bring forward maintenance and shut down schedules
  • turn off equipment not essential to the business.

United States Senate prepares for floor vote on net neutrality

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United States Senate prepares for floor vote on net neutrality
Author:

8 Oct

{{tasks|news|re-review}}Tuesday, January 9, 2018

On Monday, Democrats in the United States Senate announced they had gained enough sponsors to perform a congressional review of the Federal Communications Commission (FCC)’s December 2017 reversal of previous rules regulating Internet service providers, commonly called Net Neutrality.

Under the Congressional Review Act, if 30 senators co-sponsor the action, United States Congress can vote on whether to overrule a decision made by a federal agency such as the FCC. Both the House of Representatives and the Senate would have vote in favor, and President Donald Trump would have to sign the review.

On Monday, Claire McCaskill of Missouri announced she was the 30th senator to agree to sponsor the floor vote. “What I’ve heard from the thousands of Missourians who’ve contacted my office is simple — consumers should have protected, free, and open access to the online content of their choosing,” she said in a statement.

The Obama-era Net Neutrality rules were revoked last month. On December 14, as protesters gathered in Washington D.C., the United States Federal Communications Commission under Chairman Ajit Pai voted 3-2 to overturn the 2015 decision, which forbade Internet service providers (ISPs) such as Verizon, Comcast, and AT&T from blocking individual websites or charging websites or customers more for faster load times.

Specifically, the 2015 decision placed the Internet under Title II of the 1934 Telecommunications Act, which established that Internet access must be regulated under the same rules as a utility. Currently, in the U.S., telephones are regulated in this way, but cable television is not. Cable providers can offer bundled services and otherwise select which channels to offer customers; they do not have to offer access to every channel the way ISPs have offered access to the whole Internet. The new rules voted on December 14 transfer the Internet from the jurisdiction of the Federal Communications Commission to the Federal Trade Commission, which means instead of being forbidden from blocking websites or offering different access speeds, ISPs will only be required to disclose having done so.

Telecom analyst Gigi Sohn, who worked with Pai’s predecessor Tom Wheeler in 2015, said, “There are going to be fast lanes and slow lanes[…] As a consumer, that means some of your favorite websites are going to load more slowly, and it also may mean some of your favorite content goes away because the provider just can’t pay the fee.”

Former Etsy CEO Chad Dickerson said, “Net neutrality allowed something like Etsy to hang out a shingle on the web and give it a try”.

Supporters of the new rule argue Net Neutrality regulations were unnecessary. Commissioner Michael O’Reilly pointed out the Internet “has functioned without net neutrality rules for far longer than it has without [sic] them.”

“Quite simply, we are restoring the light-touch framework that has governed the internet for most of its existence,” said Chairman Pai, who argued removing the rules would make the Internet freer and more open.

“[T]he internet will continue to work tomorrow just as it always has,” promised AT&T Senior Executive Vice President Bob Quinn, who said his company would not block websites or discriminate with respect to content.

Opposition was organized almost immediately and was not limited to plans for congressional review: The Attorneys General for the states of New York and Washington have both announced plans for lawsuits against the new rules.. The United States Congress also has the authority to overrule the FCC’s decision by passing legislation. One such bill, House Resolution 4585, or the “Save Net Neutrality Act of 2017,” was introduced to the U.S. House of Representatives on December 7.

According to a poll conducted the week of December 6 by the University of Maryland, more than 80% of registered U.S. voters opposed the repeal of Net Neutrality, 75% of registered Republicans, 89% of registered Democrats, and 86% of independents, those not registered to either party. Before the vote, the FCC had accepted comments on the measure from the public through its website, FCC.gov. However, there have been allegations that many of the comments offered in support of the rollback were fakes. Before the vote took place, attorneys general from seventeen states and the District of Columbia sent a letter to the FCC asking the vote be delayed until the matter could be investigated.

The FCC’s decision must be published in the U.S. Federal Register before congressional review can take place or any lawsuits filed.

[edit]

US charges homeless man after plane stolen and crashed in Maryland

" href="https://www.crgeng.com/us-charges-homeless-man-after-plane-stolen-and-crashed-in-maryland/" rel="bookmark">
US charges homeless man after plane stolen and crashed in Maryland
Author:

8 Oct

Tuesday, December 29, 2009

Police from Frederick in Maryland, US have charged a homeless man with three offenses after a light aircraft was stolen from Frederick Municipal Airport early yesterday morning. The single-engine aircraft crashed as its thief tried to take off.

51-year-old Calvin Cox was arrested near the scene in the nearby woods after officers arrived. He was discovered by dog handlers. The Piper Super Cub came off the runway and ran onto grass, sustaining damage to its fuselage and propeller as well as possibly its engine. The crash occured at 2:15 a.m.

Cox has been charged with felony theft, burglary, and trespassing. The plane was removed from an airport hangar and belonged to the Mid-Atlantic Soaring Association, who uses it to tow gliders. Michael H. Higgins, the association’s president, said it would be difficult for someone unfamiliar with the aircraft to start it, as several buttons and switches are required. He described the incident as “a very unusual situation.”

Police described Cox as familiar with aircraft. They say that while they have yet to determine any motive, they believe Cox’s “intention was to leave the Frederick area.” Nobody was injured in the crash.

News briefs: February 12, 2014

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News briefs: February 12, 2014
Author:

7 Oct

Thursday, February 13, 2014

Wikinews Audio Briefs
Dateline
Wednesday, February 12, 2014
Listen to this brief

Problems? See our media guide.

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Wikinews Shorts: March 7, 2007

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Wikinews Shorts: March 7, 2007
Author:

7 Oct

A compilation of brief news reports for Wednesday, March 7, 2007.

The European Union has banned the 35 planes in the Pakistan International Airlines (PIA) 45 aircraft fleet from flying in EU airspace. The reason provided by EU was that these plans do not fulfill the safety requirement for international planes and thus were banned. PIA has redeployed its Boeing 777 jets from US to EU flights to facilitate passengers in Europe. Flights PK 782 and PK 790 are still running on time from Toronto in Canada.

Sources

The Oklahoma Senate approved a bill introduced by lawmaker Patrick Anderson of Enid that enables police to seize vehicles when drivers fail to produce proof of insurance. The bill was tacked onto a measure to prohibit inserting microchips into people without their permission. 91,000 drivers have been ticketed for lack of insurance in Oklahoma to date.

Sources

The New Orleans Saints have released All-Pro wide receiver Joe Horn because of money issues. The Saints hope to draft LSU (Louisiana State University) wide receiver DeWayne Bowe in the NFL Draft to fill Horn’s place.

Sources