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Three men rescued by container ship in northeast Oahu

August 12, 2014 By Karen Jackson Leave a Comment

Three men were rescued on Monday by a container ship, they had been stranded in a sailboat, off the Hawaiian Islands for about 24 hours as Hurricane Julio viciously attacked their vessel with enormous waves and high winds that managed to rip off one of the sailboats hatches.

The men were sailing from California to Hawai, according to the Coast Guard Chief Warrant Officer Gene Maestas. The Coast Guard reported that they got their message on Sunday, this was when the boat became disabled and started taking water about 400 miles northeast of Oahu.

The sailboat was a victim of 30 foot seas and winds up to 92 to 115 mph. The rough conditions broke the vessel’s mast and blew off one of its hatches, according Petty Officer 2nd Class Tara Molle. She further added that these were the worst conditions perceivable and expressed surprise and relief at no reported injuries and the rescue.

Petty Officer Mellisa Mckenzie explained, that the sailboat was so far out in to the sea that a helicopter couldn’t make the journey so the Coast Guard coordinated with Matson Inc. container ship which was on its way from Long Beach, California to deliver goods to Honolulu. They did however, try to send supplies to the sailboat while the container ship was on its way. A Coast Guard HC-130 Hercules plane from Oahu, tried to unsuccessfully drop supplies to the sailboat including water pumps and life rafts. Usually the plane’s crew is capable of dropping a sandwich bag full of sand from 75 feet in the air with pinpoint accuracy but with the hurricane conditions it was extremely difficult. When radio contact was made with the sailboat’s captain, he reported high blood pressure and chest pain because of bailing out water.

No other information regarding how the sailboat collapsed or got damaged was immediately available.

Filed Under: United States

Kinder Morgan: King of all – Merger of three companies

August 11, 2014 By Kenneth Scott Leave a Comment

Kinder Morgan, a Houston based company, has decided to merge all of its group of gas pipeline and storage companies. This agreement will reform the fiscal structure of the oil and gas pipeline company.

After this amalgamation the company would be the U.S’s fourth biggest energy company since it would be of worth $140 million. This deal will unite all the three companies Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline under the roof of Kinder Morgan Inc. since kinder Morgan Inc. will soon buy all the shares of these three companies.

 

Till  Friday the market value of all these companies was almost $92 billion, whereas Kinder Morgan has proclaimed that it would buy these companies at the monetary of $72 billion with the debt of approximately $27 billion. Due to this fusion the Kinder Morgan Inc. has to call off its unusual corporate partnership structure which lead the way to a great advantage. The Master Limited Partnership was the name of that beneficial corporate structure. MPL saved Kinder Morgan from all the Tax bills since it distribute most of company’s profit to the senior investors and collaborators. MPL has gained a lot of popularity among investors since it pays back a large sum of money to its shareholders. This enthusiasm made it easier for the MPl to raise money to purchase pipelines.

According to Richard Kinder, the company’s founder and chief executive, Kinder Morgan are a big name now and the structure of MPL is restricted therefore this one unit idea will provide the company an opportunity to develop its projects.

Filed Under: Business, United States

Government urges Market Basket to resolve leadership issue

August 9, 2014 By Nancy Young Leave a Comment

Gov. Deval Patrick pushed Market Basket’s board of directors on Friday to quickly resolve the question of leadership. He explained, that he wasn’t taking any sides but by any standards the distraction caused by the recent change in CEO has to curtailed and is getting out of hand.
The previous CEO Arthur T. Demoulas was fired by a board from his cousin and rival, Arthur S. Demoulas. Since then literally thousands of workers have been rallying to pressure management to reinstate the previous CEO or accept his offer to buy the New England chain.

 

He said that he is not expressing any view of who the CEO should be, but the failure of the company to resolve the matter is genuinely hurting its brand and business, not to mention the many innocent and powerless workers whose livelihood depends on the company.
He offered any sort of help he, or members of his senior staff could offer to resolve the issue. He asked the board to consider the broader implications and impact of their decision and resolve it soon so that economic peace could be restored.

Market Basket’s new CEO denied on Thursday, that the company was laying off workers and co-CEO Felicia Thornton said in a statement that store directors are to let their associates know they are not laid off. Attorney General in Massachusetts and New Hampshire reported that they have been getting calls from worried Market Basket workers. Massachusetts Attorney General Marta Coakley said on Thursday that after receiving 100 calls in 24 hours she had opened a hot-line for worried Market Basket workers. She expects more in the following days.

Filed Under: Business, United States

The market stabilizes as uncertainty decreases

August 9, 2014 By Cristopher Hall Leave a Comment

The market stabilized by the news that Russia was ending military drills near Ukranian borders while the investors overlooked US air strikes in Iraq. The S&P and Dow both reported their best day since March, on Friday. The CBOE market volatility index fell 5.7 percent to 15.71 percent indicating signs of reduced investor uncertainty. The buying intensified as the end of the day neared, with the gains helping to fix losses earlier in the week.

Before Friday, the S&P 500 had given up more than 4 percent while the small cap Russel was down 7 percent over the past four weeks. For some time, stocks have been under pressure, as investors worried about uncertainty around the world pulled back from riskier assets.

 

According to Malcolm Polley, president and chief investment officer of Stewart Capital Advisors in Indiana, Pennsylvania, “ The market hates uncertainty and when it doesn’t have enough information about how badly an event could impact the economy, it tends to take the worst-case scenario and people sell off.”

Earlier on Friday, air strikes were carried out against Islamic State fighters by the United States, these were the first strikes authorized since President Barack Obama pulled back in 2011.

The Dow Jones industrial average rose 182.52 points, or 1.12 percent, to 16,550.79. The S&P 500 ended up 21.84 points, or 1.14 percent, to 1,931.41. The Nasdaq Composite added 36.02 points, or 0.83 percent, to 4,370.99. According to BATS exchange data compared with the five day average of 6.5 billion about 5.5 million shares traded on all US platforms.

Filed Under: Business, United States

Missing girl investigation turns criminal

August 8, 2014 By Deborah Campbell Leave a Comment

In Washington, 6 year old Jenise Wright was last seen on Saturday night before going to bed, she couldn’t be found and was reported missing the next day by her parents. The police were told that she would wander around the neighborhood. Now an FBI team has discovered what seem to be her remains in a wooden are near the mobile home park where the child lived. Kitsap County Sheriff’s Deputy Scott Wilson said, “This is going to be a criminal investigation, there’s no doubt about that.” The deputy also informed that formal identification is expected on Friday.

 

Filed Under: Headlines, United States

Most Americans Oppose Illegal Immigration

August 7, 2014 By Kenneth Scott Leave a Comment

President Barack Obama is considering sidestepping congress to loosen US Immigration policy meanwhile a Reuters/Ipsos poll shows that Americans are deeply worried that illegal immigration is threatening the American culture and economy. According to the poll 70% percent American which includes 86% Republicans who believe that illegal immigration damages the traditional beliefs and customs of the US. According to media reports, with Congress failing to come to terms with broad immigration reforms, it is possible that Obama may act alone in the coming weeks and give work permits to five million undocumented immigrants and even delay some deportations. This might be supported by the Hispanic and liberal voters but as the survey suggests the rest of the nation may not approve of it.

Furthermore, immigration has become a major issue recently due to media coverage of the surge of immigrants from Central America. People who are away from the US – Mexico border are speaking up against illegal immigrants now. A woman from New Hampshire asked how the authorities could ensure that a child sent from Central America to New Hampshire was disease free.

Immigration has always been seen as a vote winner for Democrats and Obama won more than 70% of the latino vote in his 2012 re-election. If Obama chooses to act alone on the issue it could make Republicans more likely to go out and vote, explained Ipsos pollster Chris Jackson.

Filed Under: United States

Most Americans Oppose Illegal Immigration

August 7, 2014 By Kenneth Scott Leave a Comment

President Barack Obama is considering sidestepping congress to loosen US Immigration policy meanwhile a Reuters/Ipsos poll shows that Americans are deeply worried that illegal immigration is threatening the American culture and economy. According to the poll 70% percent American which includes 86% Republicans who believe that illegal immigration damages the traditional beliefs and customs of the US. According to media reports, with Congress failing to come to terms with broad immigration reforms, it is possible that Obama may act alone in the coming weeks and give work permits to five million undocumented immigrants and even delay some deportations. This might be supported by the Hispanic and liberal voters but as the survey suggests the rest of the nation may not approve of it.
Furthermore, immigration has become a major issue recently due to media coverage of the surge of immigrants from Central America. People who are away from the US – Mexico border are speaking up against illegal immigrants now. A woman from New Hampshire asked how the authorities could ensure that a child sent from Central America to New Hampshire was disease free.

Immigration has always been seen as a vote winner for Democrats and Obama won more than 70% of the latino vote in his 2012 re-election. If Obama chooses to act alone on the issue it could make Republicans more likely to go out and vote, explained Ipsos pollster Chris Jackson.

Filed Under: United States

Clairborne, Campbell Counties damaged by storms

July 28, 2014 By Nancy Young Leave a Comment

Storms on Sunday took down trees, power lines and in some situations damaged homes all over East Tenessee. Claiborne and Campbell Counties were hit particularly hard.

David Ray, Claiborne County Sheriff’s house also suffered significant damage. The sheriff and his family were taking shelter in the basement and when they came out their roof was gone. Ray said that it is surprising and comforting to see that regardless of the impact and intensity of the damage nobody was injured.

tn-east

A second round of storms late Sunday further made recovery difficult however fortunately, no reports of injuries have yet appeared.

Filed Under: United States

Sarah Palin to launch her own online news channel

July 28, 2014 By Nancy Young Leave a Comment

Sarah Palin, former governor of Alaska, has revealed a new subscription based internet  T.V network, which will give access to her and her supporters. She will be the executive editor of that channel and will keep an eye on whatever content is posted on that channel.

This channel will broadcast Sarah Palin’s positions on current affairs and  some genuinely interesting news about her personal lives. This channel’s per month subscription will cost $ 9.95 per month and $99.95 for a year. Tapp, the online video business enterprise formed by Jeff Gaspin, will be the partner of this channel named as The Blaze. This T.V channel is now also broadcast on Dish network and regional transmission line system.

In a recent interview with fox news she said that the reason behind the launch of this channel is that she desires to make a direct connection with her fans  without any interference. On the other hand, she will continue her responsibilities as a reality T.V personality and fox news channel contributor.

Filed Under: United States

Clairborne, Campbell Counties damaged by storms

July 28, 2014 By Nancy Young Leave a Comment

Storms on Sunday took down trees, power lines and in some situations damaged homes all over East Tenessee. Claiborne and Campbell Counties were hit particularly hard.

David Ray, Claiborne County Sheriff’s house also suffered significant damage. The sheriff and his family were taking shelter in the basement and when they came out their roof was gone. Ray said that it is surprising and comforting to see that regardless of the impact and intensity of the damage nobody was injured.

A second round of storms late Sunday further made recovery difficult however fortunately, no reports of injuries have yet appeared.

Filed Under: United States

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