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.”

Retrieved from “https://en.wikinews.org/w/index.php?title=US_president_Obama,_Congress_call_for_blocking_of_executive_bonuses_at_AIG_insurance_company&oldid=4493828”

Tax Preparation Services In Brooklyn, Ny: Relieving Stress At Tax Time

byAlma Abell

As the end of the year closes, many businesses as well as individuals are starting to shift their attention towards tax preparation. This can be an extremely hectic and confusing prospect. Regardless of how difficult or how confusing it can be, there’s nothing changing the fact that taxes will need to be prepared very soon. For that reason, many people look to Tax Preparation Services in Brooklyn as a way to relieve some of the stress and the frustration of having to handle their own taxes.

There’s no question that the tax code gets more complicated every year. For people who are filing basic 1040 tax return forms, there’s typically not a great deal of confusion or difficulty. Unfortunately, it doesn’t take expansive financial dealings to create a very confusing tax situation. With different rules regarding investment earnings, deductions and with people tying up their personal finances into their businesses, professional tax preparation is something that many many people wouldn’t be able to do their taxes without.

Not only can Tax Preparation Services in Brooklyn help to file your taxes in a timely fashion, these tax preparation services can also help you to save some money as well. Many times, individuals who aren’t experienced with tax issues miss different opportunities to take various deductions. This can significantly limit the amount of taxes an individual or a business owes. Fortunately, the experts that work at tax preparation services understand the various opportunities an individual or a business has for different deductions. They can take full advantage of these issues to help reduce the amount of money that is paid, or to maximize the amount of a refund an individual is owed by the government.

As you can see, there are many benefits to using a professional tax preparation service. There are far more benefits than can even be mentioned in this particular article. However, if you are concerned about tax time rolling around whether your taxes are extremely simple or extremely complicated, you may want to consider a tax preparation service. If you’re looking for more information on these types of services, your best option is to simply click here to know more.

SpaceX successfully test fires Falcon 9 rocket in Texas

Monday, November 24, 2008

At 10:30pm on November 23, 2008, near the airport in McGregor, Texas, Space Exploration Technologies Corporation (SpaceX) tested their new Falcon 9 rocket at full thrust for nearly 3 minutes (160 seconds). The engineers then shut down two of the nine engines — in order to limit potential damage to the launch pad — and continued the test for 18 more seconds before finally shutting the rocket down. “We ran the engines just like they would run during flight, but instead of being up in the air, they were held down. They weren’t moving,” said Lauren Dreyer, SpaceX’s manager for business development. This was the Falcon 9’s first major test firing, and it marks a milestone for the company in its plans to capture a section of the commercial launch market.

The test reportedly shook the windows of houses 5 miles away, causing agitation among residents who felt that they had not received adequate warning. “I appreciate the fact that the company notified [the City of] McGregor, but did they not think the test would affect the surrounding communities?” asked commenter Lorena Resident on the website for the Waco Tribune-Herald. Waco lies just east of McGregor.

The Falcon 9 rocket, and its smaller sibling the Falcon 1, are the first rockets capable of entering Low Earth Orbit (LEO) to have their design be privately funded in its entirety. According to SpaceX the Falcon 9 can generate 4 times the maximum thrust of a Boeing 747 while firing in a vacuum, and will eventually be able to perform interplanetary missions in addition to its initial role as an orbital launch vehicle. SpaceX is also designing a crew and cargo capsule for the Falcon 9, which it has named the “Dragon”.

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SpaceX is a contender for future commercial contracts from various government run space agencies, with NASA expressing particular interest. NASA will be retiring their fleet of Columbia Class Space Shuttles in 2010, but will not have the Shuttles’ replacements (the Ares I and Ares V rockets) ready until at least 2014. NASA hopes to fill some of this gap using commercial launches from companies such as SpaceX. SpaceX has already reached an agreement with NASA to conduct three test flights of the Dragon capsule in conjunction with the Falcon 9. The first of these flights is expected in 2009.

Elon Musk, CEO and CTO of SpaceX, said, “The full mission-length test firing clears the highest hurdle for the Falcon 9 first stage before launch. In the next few months, we will have the first Falcon 9 flight vehicle on its launch pad at Cape Canaveral, preparing for lift-off in 2009.”

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Cutty Sark blaze treated as ‘suspicious’

Monday, May 21, 2007

The Cutty Sark, one of the most famous historic sailing ships in the world, was seriously damaged by fire in the early hours of Monday morning, May 21, 2007. The 19th century ship, which is in dry dock in Greenwich, London, England, set a speed record during its working days, and has been a popular tourist attraction for many years.

The fire brigade was first called to the blaze on the tea clipper at 4:45 a.m. BST and reported that the flames had been extinguished by 7:00 a.m., but firefighters were still on the scene damping down at 8.30 a.m. The blaze was so intense that eight fire engines and 40 firefighters were sent to put out the fire. No injuries have been reported.

Cutty Sark Trust chief executive Richard Doughty said he was told the blaze was being treated as suspicious. “We’re losing history,” he lamented. “It’s unbelievable.” He went on: “When you lose the original fabric, you lose the touch of the craftsmen; you lose history itself. What is special about Cutty Sark is the timber, the iron frames, that went to the South China Sea. To think that is threatened in any way is unbelievable. It is an unimaginable shock.”

However, Doughty also confirmed that half of the ship’s planking, and all of the masts and rigging had been removed for renovations prior to the fire. The iron framework of the hull has been twisted and buckled.

The Chairman of Cutty Sark Enterprises, Chris Levitt, speaking later at the scene, said: “We had removed 50% of the planking, so 50% of the planking wasn’t on site and that’s safe and secure, and from where I stand there is not a huge amount of damage to the planking that was left on. There are pockets of charred planking and some have gone, but it doesn’t look as bad as first envisaged.”

Cutty Sark Trust curatorial consultant, Dr Eric Kentley was optimistic that the Ship is not completely devastated and can be saved. Speaking about the Cutty Sark, he said: “We will put her back together – but it’s going to take much much longer and a lot more money than we originally thought.”

The historic ship, one of London’s best known tourist attractions, has been in dry-dock in Greenwich since 1954. It is currently undergoing a £25 million renovation scheduled to last until 2009. It was feared that gas canisters used in the reconstruction work might explode in the blaze but the London Fire Brigade later confirmed that none were present, although concerns about the risk of explosion had caused some delay in tackling the fire. It is a Grade I listed monument and is on the Buildings At Risk Register in the UK.

Police believe the fire on board the ship may have begun in suspicious circumstances. They are studying CCTV footage which showed some movement around the ship in the early hours of the morning. They are appealing for witnesses who might have seen anyone near the ship or a silver car that was reported driving away from the scene.

The Cutty Sark was built in 1869 by Scott & Linton, Dumbarton in Scotland and completed by Dennys. It is the world’s last surviving tea clipper. Because the clippers were build of wood, but with a framework made of iron, they marked the transition from wood to iron. The windjammers that emerged some 30 years later were build completely of iron or steel.

The clippers were used in long-distance races between China and England, with large profits for the first ship back with the first tea of the year. The Cutty Sark sailed in the China trade between 1870 and 1877/78. She sailed in the Australian wool trade between 1883 and 1895, during which period she achieved the record breaking voyage under wind power between Australia and England via Cape Horn of 72 days in 1885.

The ship takes its name from a character in Burns‘ poem ‘Tam o’ Shanter.

Retrieved from “https://en.wikinews.org/w/index.php?title=Cutty_Sark_blaze_treated_as_%27suspicious%27&oldid=2470855”

Wikinews interviews Spanish Paralympic swimmer Deborah Font

Thursday, August 15, 2013

Last Friday at Madrid–Barajas Airport, Wikinews interviewed Spanish Paralympic swimmer Deborah Font, who is competing at the 2013 IPC Swimming World Championships that started this Monday in Montreal, Canada. Font has finished second in Monday’s Women’s 100 meter Freestyle S12 Heat 1, before going on to finish fourth in the Women’s 100 meter Freestyle S12 Final with a time of 1:03.20, less than a second behind bronze medalist German Naomi Maike Schnittger.

((Wikinews)) I’m Laura Hale, I’m interviewing Deborah Font for Wikinews. Deborah is going to the 2013 IPC Swimming World Championships in Montreal. You’re already a Paralympic medallist, right? You’ve won several medals at the Paralympics before?

Deborah Font: I won two medals in Sydney [2000 Summer Paralympic Games], a gold medal and bronze medal; in Athens [2004 Summer Paralympic Games] two silver medals and one bronze medal; in Beijing [2008 Summer Paralympic Games] one bronze medal; and in London [2012 Summer Paralympic Games] one bronze medal. Seven in Paralympic Games.

((WN)) And in World Championships?

Deborah Font: I don’t know the exact number. Several.

((WN)) What style do you swim?

Deborah Font: 400m freestyle.

((WN)) Okay, and you’re going to do that in Montreal?

Deborah Font: In Montreal I’ll do 400m freestyle.

((WN)) You think you’re going to get a medal?

Deborah Font: Yes, I’m fighting for a silver or bronze medal.

((WN)) What classification are you?

Deborah Font: S-12.

((WN)) S-12. So you have partial vision.

Deborah Font: Yeah, partial. [I can see a little.]

((WN)) Since you cannot see perfectly, when you swim, can you see the people next to you?

Deborah Font: I can see those next to me, but not perfectly. I see those near to me, but not those far from me.

((WN)) Do you think about other swimmers when you swim, or is it a disadvantage because you cannot see swimmers farther away?

Deborah Font: I swim my race, and don’t see the other swimmers.

((WN)) They don’t matter when you swim? You swim against yourself, your best time?

Deborah Font: I swim against myself, I don’t see the other swimmers too much. My race, myself, I go inside myself.

((WN)) Do you have any sponsors?

Deborah Font: No, no sponsors.

((WN)) How difficult is it to swim in Spain for Paralympic swimmers when you don’t have sponsors?

Deborah Font: We have a Paralympic Committee. It’s difficult having sponsors in Spain. For the Olympics, athletes don’t have many sponsors, and for Paralympics it’s more difficult.

((WN)) Where are you from?

Deborah Font: Barcelona.

((WN)) Is swimming more competitive in Barcelona, in Madrid…? Where do you think the best swimmers come from?

Deborah Font: They come from all Spain, but train only in Madrid or Barcelona. Most in Barcelona. (laughs)

((WN)) Is there a reason most of the swimmers train in Barcelona?

Deborah Font: There are more possibilities for training in good swimming pools. The “Centros de Alto Rendimiento” [High Performance Centres] are in Madrid or Barcelona.

((WN)) Coming in into the World Championships, did you do any special training, or change how you prepare?

Deborah Font: I did special training with a coach that only trains three or four of us at the High Performance Centre. ((es))Spanish language: ?Entrenamos con entrenador especial que por ejemplo él solo nos entrena a tres o cuatro paralímpicos, en el Centro de Alto Rendimiento pero con un entrenador especial que nos sigue a diario y que nos lo hace especialmente para nosotros.

((WN)) This is a pretty dumb question, but I know a lot of people who look at blind swimmers and they go how can they swim at a straight line? Can you clarify how people with vision impairments can actually swim?

Deborah Font: Well, in swimming it’s all technique and a lot of learning, and learning to swim by the middle of the lane involves a lot of training, habit… Perhaps it’s more difficult for completely blind people, but it’s all a matter of training, trying again and again, get to know the swimming pool… But I think the most difficult thing is to learn to swim the technique without being able to see the others, and to know what you are moving, your arm here and not there… and learning to touch the wall, it’s harder to calculate, especially when competing, because you cannot see the distance you have to the wall. ((es))Spanish language: ?Bueno, para nadar casi todo es técnica y mucho aprendizaje, y para nadar recto en la calle es por entrenamiento, por costumbre, por… quizás es más dicifil cuando se es ciego total ir por el medio justo, pero bueno todo está entrenado, es a base de entrenar, intentarlo, conocerte la piscina… Pero creo que lo más dificil es aprender a nadar la técnica sin ver a los demás, y saber lo que estás moviendo, el brazo, y si lo pones aquí, no lo pones aquí, pues eso sí, y llegar a la pared también, es como más dificil de calcular, sobre todo en competición, que no ves la pared a la distancia que estás.

((WN)) Thank you very much!

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_Spanish_Paralympic_swimmer_Deborah_Font&oldid=4567521”

Electric Vehicle Kits: Build Your Own Electric Car

By Kerry Ng

With rising fuel costs, more and more people and are looking for alternatives. One such alternative that is gaining popularity, especially with the do-it yourself types, are the electric vehicle kits. Anyone familiar with automobiles can now use these kits to convert traditional gas powered vehicles to one powered by electric current.

However, converting a traditional Gas powered vehicle into an electric vehicle can be a very daunting task. Only those who are the very mechanically minded should try this. To convert the vehicle will require extensive modifications to nearly all-mechanical parts of the car. Everything from the engine to the radiator, heater and air-conditioning, to the gauges on the panel. On top of that, the electric cars have to be recharged on a regular basis, which means having to purchase or use the services of recharging station. Solar power could be another potential source of power for the electric vehicle.

Can any car be converted into an electric vehicle?

[youtube]http://www.youtube.com/watch?v=8G3iQg0sygs[/youtube]

Unfortunately, the answer is no. Not all cars can be converted into an electric vehicle. However, and the most common electric vehicle kit seems to be the Chevy S-10 pick up kit. For examples to follow just do a search online for Chevy S-10 pickup Electric conversions. Other cars that are good candidates for conversion are the Chevy Geo, especially from 1989 to 1999. These cars are good potential candidates for an electric vehicle kit conversion. Cars similar to the Chevy Geo Metro, such as the Chevy Sprint, Pontiac Firefly and the Suzuki Swift are also ideal for conversions too.

Are there downsides to using an electric vehicle kit?

Going back a few years, many people associated electric powered vehicles with slowness and a lack of power. But as usual, thanks to technology, significant advances in the electric vehicle have changed all that. With these electric vehicle kits some cars can reach top speeds of between 70 and 75 mph. nonetheless, converting to electric power still has its drawbacks.

The biggest drawback it is of course the need for recharging the batteries. As an example, the Chevy Geo Metro kit must be recharged every 20 to 40 miles, depending on driving habits and battery quality. For city driving, this would be ideal. However, for lengthy commutes on the highway, this would not be ideal.

The Chevy S-10 with an electric vehicle kit installed will run a little longer on a single charge. On a single charge, the S-10 should last between 40 and 60 miles. Again this depends upon the driving habits as well as the size and quality of batteries. Some S-10 models can be equipped with solar powered panels which would in reduced in the need for charging, at least when driving during daylight hours.

Converting vehicles with electric vehicle kits is not a cheap affair. Most conversion kits seem to cost between $8000 to $10,000. And this does not even include professional installation as well as the cost of the batteries, not to mention access to or the purchase of a charging station.

Quite frankly, with the cost involved of using an electric vehicle kit, it probably wouldn’t be very practical for the average consumer, especially if they do a lot of highway driving. However, that being said, it probably would be ideal for a back yard mechanic who loves to tinker with cars and has a few bucks to throw around and wants to impress his beer-drinking buddies.

About the Author: Kerry Ng is a successful Webmaster and publisher of The Hybrid Cars Blog. For more great helpful information about the Hybrid Cars visit

The Hybrid Cars Blog

Source:

isnare.com

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DHS relies on Wikipedia for asylum information, appeals court rules against use

Wednesday, September 3, 2008

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

The 8th U.S. Circuit Court of Appeals has ruled that the Department of Homeland Security was wrong in using the online encyclopedia Wikipedia as a reference when deciding whether to allow asylum seekers to stay in the United States.

The department used the Wikipedia article named laissez-passer to decide whether the document was a valid form of identification. This is despite the fact that the article had a large orange notice at the top of the article saying that “this article does not cite any references or sources.”

The Board of Immigration Appeals has stated that it doesn’t “encourage the use of resources such as Wikipedia.com [sic] in reaching pivotal decisions in immigration proceedings.” They said that they allowed the decision to stand due to the fact that the information seemed accurate.

The appeals court noted when making the decision that Wikipedia admits that articles will stay inaccurate and unbalanced for long periods of time. Below is the extract from the court documents that makes this point:

…The site acknowledges [that articles], “may become caught up in a heavily unbalanced

viewpoint and can take some time – months perhaps – to regain a better-balanced consensus.” Id. As a consequence, Wikipedia observes, the website’s “radical openness means that any given article may be, at any given moment, in a bad state: for example, it could be in the middle of a large edit or it could have been recently vandalized.”

Cary Bass, the volunteer coordinator of the Wikimedia Foundation, gave Wikinews the following statement on this issue:

Wikipedia is a free encyclopedia — almost every article can be edited by anyone at any time. The vast majority of the information is accurate and the editors strive to write from a neutral point of view, but the nature of the project is that at any moment, any article can contain erroneous information or pure inaccuracies.

Anyone using Wikipedia as an original source should be mindful of this fact; and anyone citing critical information such as a judge for use in a lawsuit is advised to use the sources provided via each article’s references section, history and talk page to verify that the information they are reading is, in fact, accurate.

Retrieved from “https://en.wikinews.org/w/index.php?title=DHS_relies_on_Wikipedia_for_asylum_information,_appeals_court_rules_against_use&oldid=773877”

Iranian International Master Dorsa Derakhshani discusses her chess career with Wikinews

Tuesday, April 14, 2020

In February 2017, the Iranian Chess Federation announced two teenage chess players, Dorsa Derakhshani and her younger brother Borna Derakhshani, were banned from representing the national team. The federation announced their decision although Dorsa Derakhshani had previously decided and informed the chess federation she did not wish to play for Iran.

Dorsa Derakhshani is currently 21 years old and holds the International Master (IM) as well as Woman Grand Master (WGM) titles. Her brother, Borna, plays for the English Federation and holds the FIDE Master title.

Dorsa Derakhshani was banned since she did not wear a hijab, an Islamic headscarf, while competing at the Tradewise Gibraltar Chess Festival in January 2017. Under the laws of Islamic Republic of Iran, hijab is a mandatory dress code. Her brother Borna Deraskhsani was banned for playing against Israeli Grand Master (GM) Alexander Huzman at the same tournament. Iran does not recognise the existence of Israel, and previously, Irani athletes have avoided playing against Israeli athletes.

Mehrdad Pahlavanzadeh, the president of the country’s chess federation, explained the decision to ban the players saying, “As a first step, these two will be denied entry to all tournaments taking place in Iran and in the name of Iran, they will no longer be allowed the opportunity to be present on the national team.” ((fa))Farsi language: ?????? ????? ?? ??? ??? ?? ??? ????? ?? ?? ???? ???????? ?? ?? ????? ? ?? ??? ????? ?????? ??????? ????? ??????? ? ???? ???? ???? ?? ??? ??? ?? ??????? ????. He further stated, “Unfortunately, something that should not have happened has happened and our national interest is paramount and we have reported this position to the Ministry of Sports.” ((fa))Farsi language: ????????? ?????? ?? ????? ????????? ?????? ??? ? ????? ??? ?? ?? ?? ???? ?????? ???? ? ?? ??? ???? ?? ?? ????? ???? ?? ????? ?????.

IM Dorsa Derakhshani, who currently studies at Saint Louis University in the United States and plays for the United States Chess Federation, discussed her chess career, time in Iran and the 2017 controversy, and her life in Saint Louis with a Wikinews correspondent.

Retrieved from “https://en.wikinews.org/w/index.php?title=Iranian_International_Master_Dorsa_Derakhshani_discusses_her_chess_career_with_Wikinews&oldid=4583918”

Chemical plant fire decimates Danvers, Massachusetts neighboorhood

Wednesday, November 22, 2006

According to outgoing Massachusetts governor Mitt Romney, an explosion that was “equivalent to a 2,000 lb. bomb” and registered 0.5 on the Richter scale decimated an area of Danvers and is also a “Thanksgiving miracle.”

The explosion occurred around 2:45 am EST, this morning in the Danversport area of Danvers, Massachusetts at the plant for solvent and ink manufacturer, CAI Inc. The explosion, which was caught on security camera and was heard up to over 25-50 miles away in southern Maine and New Hampshire.

The explosion damaged over 90 homes, blowing out windows and knocking some houses off their foundations. Officials believe that some of the more extensively damaged houses will have to be leveled and rebuilt. Some of the buildings damaged included a bakery, boats at a close by marina and the New England Home for the Deaf, an assisted-living facility for people who are deaf or deafblind and elderly residents requiring constant care. “These people are extremely fragile,” said state Rep. Ted Speliotis, D-Danvers, whose district includes the affected area. “Many of them have Alzheimer’s and other illnesses. It’s clear they can’t stay here long, but it’s clear they won’t be able to return for quite a while.”

Danvers Fire Chief James P. Tutko toured the area by helicopter and said many residents would be kept from their homes for the foreseeable future. “It looks like a war zone, that’s the only thing I can say,” Tutko said. When asked about the loss of no life at all, he responded “Somebody out there likes us.” Finally, he said that finding out the cause of the explosion would take days.

Outgoing governor Mitt Romney toured the area and said the explosion was a “Thanksgiving miracle” as the explosion was “equivalent to a 2,000 lb bomb going off in a residential neighborhood,” and that no one was killed and only about 10 people suffered only minor injuries in area that included over 300 residents. Residents of the area have been evacuated to the Danvers High School where temporary shelter has been set up by the American Red Cross of Massachusetts Bay. Donations are being taken for residents affected by the explosion. Residents are also being told to start filing insurance claims right away and to keep track of their expenses for items bought.

There were minor environmental concerns due to water runoff of chemicals. According the Environmental Protection Agency‘s on-scene coordinator Mike Nalipinski, preliminary tests showed low levels of toluene, a solvent, but said it was nothing of significance. Water runoff from the water used by firefighters left a purple sheen on the river and tests were being conducted. However, the water is not a local drinking water supply and the chemical evaporates quickly. Chief Tutko said there was no risk of toxic fumes getting into the air.

An Eastern Propane facility was also located near the area, however, it was not the source of the explosion. A spokesman for the company said that although the property suffered some minor damage, their tanks are secure.

According to WHDH television, a person who answered the telephone at CAI’s Georgetown, Massachusetts headquarters refused comment, and a telephone message left at the company president’s home was not immediately returned.

Retrieved from “https://en.wikinews.org/w/index.php?title=Chemical_plant_fire_decimates_Danvers,_Massachusetts_neighboorhood&oldid=715730”

Rising Incidence Of Cancer Is Driving The Global Picture Archiving &Amp; Communications Systems Market

A picture archiving and communication system (PACS) is an imaging technology providing economical and convenient storage as well as access to images. The global picture archiving and communications systems market is expected to gain an upward trajectory owing to explosive adoption of information technology in the healthcare sector.

According to Market Research Future (MRFR), the global picture archiving and communications systems market is expected to register a CAGR of over 4.43% over the assessment period (2016-2023). The attractive advantages of the picture archiving and communications systems such as elimination of manual documentation, error free archiving, digital transmission of data and the greater efficiency and ease associated with the process is driving a large demand.

Get a FREE Sample (Including COVID19 Impact Analysis, Full TOC, Tables and Figures) of Picture Archiving and Communications Systems Market @

The influx of information technology and the ubiquitous availability and adoption of smart devices, emerging web technology, and others is resulting in timely and efficient access to data. Elimination of physical barriers owing to centralization of data is also contributing towards the market growth.

The development of universal image storage and transfer standard for PACS coupled with flexibility to incorporate other standard formats such as PDF is resulting in faster adoption of PACS. The expanding adoption of imaging technologies such as computed tomography (CT) and magnetic resonance imaging (MRI) in the hospitals are other drivers of the market.

Additional factors that are fostering the market demand include the dramatically rising end-users such as hospitals and the increasing incidence of diseases.

Picture Archiving and Communications Systems Market – Segments

The report is segmented into six dynamics to widen the scope of understanding,

By Type: Oncology PACS, Cardiology PACS, Dental PACS, Orthopaedics PACS, among others.

By Components: Hardware (Access Devices, Peripherals, Servers, Storage Devices, and Networking Devices), Software, Services (Consulting, Implementation Services, Post-Sales and Maintenance Services, and Training Services), among others.

By Imaging Type: Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Nuclear Imaging, X-Ray, Ultrasound, among others.

By Delivery Mode: Cloud-Based (Saas) Delivery Mode, Web-Hosted (On-Demand) Delivery Mode, And On-Premise Mode, among others.

By End-use: Hospitals And Clinics, Healthcare Centers, Imaging Centers, Diagnostic Centers, Clinical Research Institutions, among others.

By Regions: North America, Europe, Asia Pacific, and the Rest-of-the-World.

Global Picture Archiving and Communications Systems Market – Regional Analysis

North America dominates the global picture archiving and communications systems market owing to rapid adoption of technology, presence of large hospitals and the consolidation of healthcare sectors resulting in increase in purchasing power.

The entry of technology companies in the medical devices sector is also boosting the market growth. Moreover, the established healthcare sectors and high healthcare expenditures is driving a substantial demand for the growth of the market.

Europe accounts for another large share of the picture archiving and communications systems market owing to large healthcare expenditure and the proliferating information technology and pharmaceutical industry in the region. The presence of large players in the region is providing a boost to the market growth.

The Asia Pacific picture archiving and communications systems market is expected to be in a flux and represents a bimodal nature. Japan, Australia and South Korea are leading the Asia Pacific market. However, China and India are expected to drive a momentous growth owing to their economic development.

Picture Archiving and Communications Systems Market – Competitive Landscape

The picture archiving and communications systems market is dominated by handful of large firms resulting in a pricing premium on the products. The industry is intensive in terms of intellectual property and technology which makes market entry a challenge for small players.

Manufacturers rely on collaboration and partnerships with other players to innovate new products and to cut down the development costs and time.Manufacturers of picture archiving and communications systems use a variety of distributions channels and are increasingly engaging the social media to generate inbound leads.

Major Players:

Players leading the global picture archiving and communications systemsmarket include Siemens Healthineers, Advanced Data Systems, Allscripts Healthcare Solutions, Inc., Telediagnostics Services Pvt. Ltd.,Konica Minolta Healthcare Americas Inc., Alta Vista Teleradiology, Avreo, Inc., Radiology Imaging Solutions, Scimage, Inc., Brit Systems, Comarch SA, Cybernet Medical Corporation, Virtual Radiology (vRAD),GE Healthcare, INFINITT Healthcare, McKesson Corporation,Inc., ONRAD, Inc., Pacshealth, LLC, FujiFilm Medical Systems, Perfect Imaging, LLC, RamSoft, Inc., Global Diagnostics, Sectra Imtec AB, Sectra Imtec AB, Singular Medical Technologies, StatRad, LLC, Agfa-Gevaert N.V., Argus Radiology, Telerad Tech Private Limited, among others.

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Industry/ Innovation/ Related News:

Sep 11 2018 —-Mercy Technology Services, launched its latest picture archiving communication system (PACS) imaging solution, as a Software as a Service system. The system has an automated workflow orchestrator which auto-coordinates the physicians worklist through speech recognition and reporting technology adopted from Nuance. Mercy has already adopted the system in its care facilities. The system claims to increase report turnaround time by up to 50 percent. The PACS system is an addition to Mercy Technology Servicescloud solution, launched earlier in partnership with VMware.