Tuesday, November 20, 2007

British Chancellor of the Exchequer Alistair Darling announced to a shocked House of Commons today that two password-protected — but not encrypted — computer disks containing the entire Child Benefit database have been lost in transit between the offices of Her Majesty’s Revenue and Customs (HMRC) in Washington, Tyne & Wear and the National Audit Office (NAO) in London, in what has been described as “one of the world’s biggest ID protection failures”.

The database contains details of all families in the UK who receive Child Benefit — all families with children up to 16 years of age, plus those with children up to 20 years old if they are in full-time education or training — estimated to contain 25 million individuals in 7.25 million families. Among other items of information, the database contains names, addresses, dates of birth, child benefit and National Insurance numbers, and where appropriate, bank or building society account details.

The discs were created by a junior official at the HMRC in response to a request for information by the NAO, and were sent unregistered and unrecorded on 18 October using the courier company TNT — which operates the HMRC’s internal mail system. When it was found that the discs had not arrived for audit at the NAO, a further copy of this data was made and sent — this time by registered mail — and this package did arrive. HMRC were not informed that the original discs had been lost until 8 November, and Darling himself was informed on 10 November.

The violation of data protection laws involved in the creation of the discs has led to strong attacks on the government’s competence to establish the proposed National Identity Register, when all UK residents will have an identity card. Conservative Shadow Chancellor George Osborne described the loss of data as “catastrophic” and said “They [the government] simply cannot be trusted with people’s personal information”.

The Chairman of HMRC, Paul Gray, has resigned over the affair, and critics are calling for Darling to do likewise.

This is the third data embarrassment for HMRC in recent weeks — earlier this month it was reported that the details of over 15,000 Standard Life customers had been put on disk, and then lost en route from HMRC in Newcastle to Standard Life in Edinburgh — and last month a laptop containing the data of 400 people with high-value ISAs was stolen from the boot of a car belonging to a HMRC official who had been carrying out a routine audit.

By Julius Giarmarco, Esq.

While there is a present lapse in the estate and generation-skipping transfer taxes, it’s likely that Congress will reinstate both taxes (perhaps even retroactively) some time during 2010. If not, on January 1, 2011, the estate tax exemption (which was $3.5 million in 2009) becomes $1 million, and the top estate tax rate (which was 45% in 2009) becomes 55%. Assuming the federal estate tax (FET) exemption is reinstated at $3.5 million or more, then for most people the FET has been repealed. According to the Tax Policy Center, only five of every 100,000 people who die have estates over $3.5 million.

For married couples with taxable estates, the common planning tool is for each spouse to establish a revocable living trust. Upon the death of the first spouse, an amount equal to his/her FET exemption is allocated to a Credit Shelter Trust (CST). Other terms for the Credit Shelter Trust are Bypass Trust, Family Trust and Residuary Trust. A CST allows the surviving spouse broad access to the assets in the CST without the assets being included in the spouse’s estate. Thus, the CST allows each spouse to leave his/her FET exemption to their children. Without a CST, the first spouse to die ‘wastes’ his/her estate tax exemption.

The provisions that the spouse can enjoy from the CST during his/her lifetime (without causing the assets in the CST to be taxable in the surviving spouse’s estate) are:

1. The spouse can have all of the income of the CST. Treas. Reg. Sec. 25.2518-2(e)(5), Example 4. Alternatively, the trustee can ‘sprinkle’ the income of the CST to children and grandchildren so as to shift that income to lower tax brackets, or can accumulate the income and add it to principal.

2. The spouse can receive principal distributions from the CST (see Paragraphs 5 and 6 below).

3. The spouse can have the power to withdraw the greater of $5,000 or 5% of the principal of the CST each year. IRC Section 2041(b)(2).

4. The spouse can have a testamentary limited power of appointment (LPA) over the assets in the CST. An LPA allows the spouse to ‘rewrite’ the dispositive provisions of the CST. However, the LPA is usually drafted so that the LPA can only be exercised in favor of the grantor’s descendants and/or charities. The LPA cannot be exercised in favor of the spouse, his/her creditors, his/her estate, or the creditors of his/her estate. IRC Section 2041(b)(1).

5. The spouse can be the sole trustee of the CST, provided that distributions to the spouse are limited to an ‘ascertainable standard’ (i.e., health, education, maintenance and support). IRC Section 2041(b)(1)(A).

[youtube]http://www.youtube.com/watch?v=RdyDFhZr78A[/youtube]

6. Distributions to the spouse in excess of the ascertainable standard can be made from the CST if an independent co-trustee is named to serve with the spouse, but discretion on distributions to the spouse must be limited solely to the independent co-trustee.

7. The spouse can have the power to remove the co-trustee and appoint an individual or corporate successor co-trustee that is not related or subordinate to the spouse (within the meaning of IRC Section 672(c)). Rev. Rul. 95-58.

The deceased spouse’s estate, over and above the amount allocated to the CST, will pass estate tax free to the Marital Trust because of the unlimited marital deduction. When the surviving spouse dies, the assets in the Marital Trust (along with the assets in the spouse’s Living Trust) will be subject to estate taxes, but only after subtracting the surviving spouse’s FET exemption.

The two most common types of Marital Trusts are the General Power of Appointment (GPA) Trust and the Qualified Terminable Interest Property (QTIP) Trust. Both types of Marital Trusts must provide the surviving spouse with all of the income and may (but need not) provide the spouse with principal. The typical GPA Marital Trust allows the spouse to determine the ultimate beneficiaries of the Marital Trust upon his/her death, and usually allows the spouse to withdraw the principal of the Marital Trust during his/her lifetime without restriction. The QTIP Marital Trust, on the other hand, does not allow the spouse to determine the ultimate beneficiaries and usually restricts the spouse to principal as needed for health, education, maintenance and support. But, to add flexibility to a QTIP Marital Trust, the spouse may be given a $5,000/5% annual withdrawal power and/or a limited power of appointment over the QTIP Trust.

A CST has the following advantages: It utilizes both spouses’ FET exemptions, while giving the surviving spouse access to and control over the assets in the CST; it preserves assets for the couple’s descendants (in case the spouse remarries); and it protects the spouse and descendants from creditors.

But, there are disadvantages to a CST as well. The surviving spouse’s access to the assets in the CST, albeit broad, is (as noted above) restricted. Moreover, if the spouse withdraws more from the CST than permitted, he/she may be accountable to the ultimate beneficiaries of the CST (i.e., children and grandchildren). The CST also adds complexity to the spouse’s life in that separate records for the CST must be maintained and annual income tax returns (Form 1041) must be filed for the remainder of the spouse’s lifetime. And, if a co-trustee over the CST is used, the spouse will have to cooperate with that trustee.

For many couples with non-taxable estates, particularly those with children all from the same marriage, the disadvantages of a CST outweigh the advantages. Therefore, they would prefer to simply leave their estate to a GPA Marital Trust for the surviving spouse. But, if their estates were to increase and/or the FET exemption was reduced by future legislation, they still want the ability to use both spouses’ FET exemptions. It is possible to accomplish both objectives with a Disclaimer Trust.

Disclaimer Trusts became popular after the 2001 Tax Act was passed because of the increasing FET exemption and the uncertainty created by the Act. With a Disclaimer Trust, a married couple’s revocable living trusts leave the deceased spouse’s entire estate to a GPA Marital Trust. The CST is then funded only if the surviving spouse disclaims (refuses) part of the deceased spouse’s estate. This enables the spouse to decide how much to keep outright (to be taxed at the second death) and the amount to be allocated to the CST (where it is shielded from estate tax at the second death). In making an informed decision to disclaim and how much to disclaim, one must examine the size of the combined estate, the spouse’s age and health (which impacts the spouse’s needs for funds), whether minor children will be beneficiaries of the CST, the potential appreciation of the assets not disclaimed, and the status of the FET exemption.

For example, assume a married couple has combined assets of $4.5 million, which are evenly divided between their revocable living trusts. Each trust provides that 100% of the trust property is allocated to a GPA Marital Trust upon the death of the grantor-spouse. But, if the surviving spouse disclaims all or a portion of the decedent’s estate, the disclaimed portion passes to a CST. If, at the time of the first death, both husband and wife are in their seventies or eighties and the FET exemption is $3.5 million, it might make sense for the spouse to disclaim $1 million of the deceased spouse’s $2.25 million estate. This will leave the spouse with a $3.5 million taxable estate (i.e., $2.25 million in the spouse’s living trust and $1.25 million in the GPA Marital Trust), which will be completely sheltered from estate taxes by the spouse’s FET exemption.

But, if at the first death the surviving spouse is only in his/her forties or early fifties, the decision might be to forgo the disclaimer. The younger the spouse, the more likely the estate will not increase, but instead be consumed and decline in value. This would be particularly true if there are young children involved. Moreover, the spouse will have ample time to gift a portion of the combined estate to children and grandchildren (using his/her $13,000 annual gift tax exclusion) so that there may be no estate tax due upon the death of the surviving spouse.

For couples whose estates are below the estate tax exemption, a disclaimer trust still makes sense. It’s possible the estate could grow through appreciation, inheritances, and/or by acquiring life insurance on one or both spouses’ lives. It’s also possible the estate tax exemption will be reduced by Congress in the future. The disclaimer trust avoids saddling the surviving spouse with the time and expenses of administering a CST, unless funding a CST would result in an estate tax savings.

In order to be a ‘qualified’ disclaimer for FET purposes, the disclaimer must meet the following five requirements set forth in Internal Revenue Code Section 2518(b):

1. It must be an irrevocable and unqualified refusal to accept an interest in property;

2. It must be in writing, signed by the spouse;

3. It must be received by the trustee within nine (9) months of the grantor-spouse’s death;

4. The spouse must not have accepted the disclaimed property or any of its benefits; and

5. As a result of the disclaimer, the interest must pass without any direction from the spouse.

Because IRC Section 2518 prohibits the surviving spouse from holding a power to direct the disposition of the disclaimed property, the spouse cannot be given a limited power of appointment over the CST (unless limited by an ascertainable standard). See Treas. Reg. Sec. 25-2518-2(e)(2) and Treas. Reg. Sec. 25-2518-2(e)(5), Example 5. Nor can the spouse (either as a beneficiary or as the sole trustee) have any discretion over the CST’s property. But, the spouse can serve as the sole trustee of the CST if the trust agreement contains mandatory distributions (i.e., no discretion on part of the trustee) or ascertainable standards for distributions of principal and income. Treas. Reg. Secs. 25-2518-2(e)(2) and 25-2518-2(e)(5), Examples 11 and 12.

There are also state law requirements for making a disclaimer. Failure by the surviving spouse to satisfy all of the federal requirements set forth above will result in the disclaimer being treated as a taxable gift from the spouse to the remainder beneficiaries of the CST (i.e., the children and grandchildren).

In summary, for a married couple whose combined estate may or may not exceed the FET exemption, a disclaimer trust will provide the couple with the greatest degree of flexibility. But, for couples with children from a prior marriage, a disclaimer trust will not guarantee that the children will receive an inheritance (as would be the case where the CST is funded automatically with the deceased spouse’s FET exemption). Even with a first marriage, the surviving spouse could remarry and leave the estate to the new spouse with a disclaimer trust. Finally, care must be taken immediately after the first spouse’s death (when the spouse may be unable to cope with making financial decisions) to protect the qualified disclaimer. Thus, the flexibility found is disclaimer trusts may not be right for every couple and, therefore, the couple should consult with an experienced estate planning attorney.

THIS ARTICLE MAY NOT BE USED FOR PENALTY PROTECTION.

About the Author: Julius Giarmarco, J.D., LL.M, chairs the Trusts and Estates Practice Group of Giarmarco, Mullins & Horton, P.C., in Troy, Michigan. For more articles on estate and business succession planning, please visit the author’s website,

disinherit-irs.com

, and click on ‘Advisor Resources’.

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One dead in ski chairlift accident in Switzerland

Posted by: in Uncategorized
19
Oct

Thursday, January 3, 2008

At 12:50 pm on January 3, a ski chairlift ride cost a German skier’s life and another German woman was left with serious injuries after the lift cable derailed from the mast sheaves in a windstorm. The derailed chairlift is the two-seater Fallboden lift at Kleine Scheidegg, next to the Jungfrau mountain in Switzerland.

Two more Australian tourists were lightly injured. About 20 further people had to be evacuated from the stopped chairlift. Wind velocity peaking at 90km/h prevented a helicopter from rescuing the trapped passengers, complicating the rescue.

According to 20min.ch, the lift was manufactured by Garaventa AG, a major Swiss ski lift company, now a part of an international group Doppelmayr/Garaventa. When contacted no one was available for comment.

Shortly before the accident, a wind alarm was activated few times by a 60km/h wind. The operator decided to close the lift and waited for the lift to unload all passengers; at the moment of the catastrophe the bottom station of the lift was already closed, but 75 passengers were still on the lift.

According to the Swiss law, every chair lift must be designed to withstand a lateral wind load of 250 newtons (approx. 25kg) per square meter. However there is no law limit at which wind speed or lateral loads the chair lifts have to be stopped. This safety aspect is left to the responsibility of the operator. The safety of the lift was checked by the Swiss Federal Office of Transport in January 2006. This chairlift accident is said to be the worst in Switzerland for the last 8 years.

On the campaign trail in the USA, May 2016

Posted by: in Uncategorized
19
Oct

Monday, June 13, 2016

The following is the first edition of a monthly series chronicling the U.S. 2016 presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

In this month’s edition on the campaign trail: a former Republican congressman briefly joins the Libertarian Party and runs for vice president; the Democratic Party names its National Convention Platform Drafting Committee amid controversy; and Wikinews interviews a candidate who had a surprisingly strong performance in the West Virginia Democratic presidential primary.

Contents

  • 1 Summary
  • 2 Ex GOP congressman joins LP, seeks VP, then leaves
  • 3 DNC aims for unity with Platform Drafting Committee picks; controversy ensues
  • 4 Interview with overachieving West Virginia Democratic protest candidate
  • 5 Related articles
  • 6 Sources

Thursday, August 17, 2006

Indonesian Health officials are concerned that a 9-year-old girl who died of the H5N1 Avian Flu virus, contracted the illness as a result of human to human transmission and officials say a team of experts are on the way to the area to determine if a cluster exists.

“The tests were positive. She died of bird flu. A team left this morning to check if there is a cluster or not,” said Bird Flu Information Center scientist, Nurdin.

Ai Siti Amanah who lived in Garut, located in West Java died on August 15 before health officials were able to determine that she had the deadly virus and only one day after arriving for treatment at the hospital.

It is believed that the girl had contact with a 17-year-old male named Umar Aup from the same town who is infected with the virus , but health officials say he is recovering at a local hospital. He was diagnosed with the illness on August 12. Another boy named Misbah, 20, cousin of Aup died earlier in August and was not tested for the disease but officials say he was exhibiting signs of the illness.

Supari Indonesia’s health minister stated that tests will be done on the two subjects to determine the origin and the “exact type of the virus.”

Three months ago, seven family members died when they contracted the virus through human to human transmission.

So far, 46 people have died from the virus in Indonesia.

Wednesday, January 27, 2010

The government of the United Kingdom has banned the export of the ADE 651, which is advertised by the manufacturer, ATSC Ltd., as a hand-held “remote portable substance detector.” However, critics say it is just a “glorified dowsing rod.”

In a statement, the Department for Business said, “Tests have shown that the technology used in the ADE651 and similar devices is not suitable for bomb detection. As non-military technology it does not need an export license, and we would not normally need to monitor its sale and use abroad.”

The statement went on to say, “However, it is clearly of concern that it is being used as bomb detection equipment. As soon as it was brought to the attention of the Export Control Organisation and Lord Mandelson we acted urgently to put in place export restrictions which will come into force next week. We will be making an order, under the Export Control Act 2002, banning the export of this type of device to Iraq and Afghanistan.”

Adding, “The reason the ban is limited to these two countries is that our legal power to control these goods is based on the risk that they could cause harm to UK and other friendly forces.” The statement closed by saying, “The British Embassy Baghdad has raised our concerns about the ADE651 with the Iraqi authorities.”

Meanwhile, the Avon and Somerset Police have arrested the managing director of the manufacturer, ATSC, 53-year old Jim McCormick on suspicion of fraud. McCormick is a former police officer from Merseyside. He has been released on bail.

These two events come after an investigation by the BBC’s Newsnight program where they tested and revealed the device as a fraud.

The device, manufactured by ATSC Ltd. which operates from a former dairy in Sparkford, Somerset, contains an antenna attached to plastic hand grip which is attached to black box. It requires no battery or other power source, and is supposedly powered solely by the user’s static electricity, the manufacturer claims. It can supposedly detect minute traces of explosives, drugs, human bodies, money, and even elephants provided it has the right card.

The black box of the device is intended to read “programmed substance detection cards” that are supplied with the device. The device supposedly works on the principle of “electrostatic magnetic ion attraction”.

Newsnight brought the device to Sidney Alford, a renowned explosives expert who advises all branches of the UK military. Alford opened up the card reader of the device which was empty. Alford said, “Speaking as a professional, I would say that’s an empty plastic case.” Alford believes that the selling of the device is “absolutely immoral”. He added, “It could result in people being killed in the dozens, if not hundreds.”

They then brought the “programmed substance detection cards” to the University of Cambridge Computer Laboratory. The cards were examined by Dr. Markus Kuhn. When the layers of the card were peeled away, it was found that cards contained nothing but RFID security tags.

“There is nothing to program in these cards. There is no memory. There is no microcontroller. There is no way any form of information can be stored,” said Kuhn. Adding, “These are the cheapest bit of electronics that you can get that look vaguely electronic and are sufficiently flat to fit inside a card.”

The device along with several others has been previously tested by Sandia National Laboratories in the United States. The test concluded that “none have ever performed better than random chance.” The United States Department of Justice has warned law enforcement agencies against buying the device.

The device first came to light in November of 2009, by The New York Times after an increasing amount of car bomb attacks were occurring in Iraq, including the devastating bombing on October 25, 2009, that killed 155. The bombers drove through checkpoints that were equipped with the ADE 651. However, the American magician and skeptic James Randi has been skeptical of the devices since at least October 2008. He offered a $1,000,000 prize if someone could prove the device worked.

Despite what was brought to light by the Times, the Iraqi Interior Ministry stood by the device. Major General Jehad al-Jabiri, who is the head of the Ministry of the Interior’s General Directorate for Combating Explosives, said, “Whether it’s magic or scientific, what I care about is it detects bombs.”

In response to the tests by Sandia Labs and the warning from the Justice Department, “I don’t care about Sandia or the Department of Justice or any of them. I know more about this issue than the Americans do. In fact, I know more about bombs than anyone in the world,” the general said.

Even after the Newsnight program earlier this week, the Interior Minstry still stands by them, “We conducted several tests on them, and found them successful. In addition, we have a series of achievements officially documented by the Baghdad operations centre, from all the provinces, which establish that these devices detected thousands of bombs, booby-trapped houses and car bombs, and we’ve noticed a reduction of bombing activities to less than 10 per cent of what it was,” said General al-Jabiri.

Interior Minister Jawad al-Bolani even chimed in saying, “The thing is, the instrument is being operated by a user. Not all those who use the instrument are fully trained, the user needs to be alert and adept at using it.” The interior ministry has spent over $85 million on the devices, which cost from $40,000 to $60,000, much higher then price given by ATSC, $16,000, despite being warned by the ministry’s inspector general, Aqeel al-Turaihi.

“There was corruption associated with this contract and we referred to this and submitted our report to the Minister of the Interior,” al-Turaihi told Reuters. He added, “We said that the company which you made a contract with is not well-regarded internationally in the field of explosives detectors, and the price is very high and not commensurate with the abilities of this device.”

Meanwhile Iraqi Members of Parliament have called the Iraq Security Forces to stop using the devices. Hussain al-Falluji, a Sunni MP, said, “I proposed to parliament the withdrawal of these machines from service, the formation of an investigative committee and that Iraq recover its money.” Others in parliament are backing his suggestion.

Iraqi citizens are also criticizing the devices. Aqeel Yousif Yaqoub, a 39 year-old man who was caught in the October 25th bombing, said, “If they were effective, how did the suicide car bomb reach this area?” Another man, a perfume salesman named Malik Farhan, noted in June 2009 that the device was attracted to his perfumes.

Farhan said, “They stop us every time. There’s nothing we can do.” Jasim Hussen, an Iraqi Police officer, said, “The vast majority of the people we stop, it’s because of their perfume.” Another officer, Hasan Ouda, added, “Most people now understand it’s what gets them searched, so they don’t use as much.” McCormick said in email, “cheaply manufactured perfumes and some cosmetics” contain trace amounts of the explosive, RDX.

Other police officers have been doubtful of the device. “I didn’t believe in this device in the first place. I was forced to use it by my superiors and I am still forced to do so,” said one police officer who spoke anonymously to the New York Times because he was not authorized to speak. Another officer blamed corruption: “Our government is to be blamed for all the thousands of innocent spirits who were lost since these devices have been used in Iraq.”

McCormick still stands by the device, saying, “I have tested it in practice and it works effectively and 100% reliably.” McCormick also talked to the The Times of London saying, “We have been dealing with doubters for ten years. One of the problems we have is that the machine does look a little primitive. We are working on a new model that has flashing lights.” However, an associate of ATSC, who spoke on the condition of anonymity because of possible retaliation, said, “Everyone at ATSC knew there was nothing inside the ADE 651.”

US unemployment rate reaches 9.8%

Posted by: in Uncategorized
18
Oct

Friday, October 2, 2009

Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%.

The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country.

The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that unemployment could threaten an economic recovery. Top US officials have warned that any recovery would be slow and uneven, and some have predicted the unemployment rate will top 10% before the situation improves.

“Continued household deleveraging and rising unemployment may weigh more on consumption than forecast, and accelerating corporate and commercial property defaults could slow the improvement in financial conditions,” read a report by the International Monetary Fund’s World Economic Outlook, predicting that unemployment will average 10.1% by next year and not go back down to five percent until 2014.

Mark Zandi, chief economist at Moody’s Economy.com, said that “it’s a very fragile and tentative recovery. Policy makers need to do more.”

“The number came in weaker than expected. We saw a lot of artificial involvement by the government to prop up the markets, and now that that is starting to end, the private sector isn’t yet showing signs of life,” said Kevin Caron, a market strategist for Stifel, Nicolaus & Co.

Also on Thursday, the US Commerce Department said factory orders fell for the first time in five months, dropping eight-tenths of a percent in August. Orders for durable goods — items intended to last several years (including everything from appliances to airliners) — fell 2.6%, the largest drop since January of this year.

The US government has been spending billions of dollars — part of a $787 billion stimulus package — to help spark economic growth. There have been some signs the economy is improving.

The Commerce Department said on Thursday that spending on home construction jumped in August for its biggest increase in 16 years. A real estate trade group, the National Association of Realtors, said pending sales of previously owned homes rose more than 12 percent in August, compared to August 2008.

A separate Commerce Department report said that consumer spending, which accounts for more than two-thirds of US economic activity, rose at its fastest pace in nearly eight years, jumping 1.3 percent in August.

Other reports have provided cause for concern. A banking industry trade group said Thursday the number of US consumers making late payments, or failing to make payments, on loans and credit cards is on the rise. A survey by a business group, the Institute for Supply Management, Thursday showed US manufacturing grew in September, but at a slower pace than in August when manufacturing increased for the first time in a year and a half.

Stock markets reacted negatively to the reports. The Dow Jones Industrial Average fell 41 points in early trading, reaching a level of 9467. This follows a drop of 203 points on Thursday, its largest loss in a single day since July. The London FTSE index fell 55 points, or 1.1%, to reach 4993 points by 15.00 local time.

Friday, March 27, 2009

Earth Hour 2009 takes place Saturday, March 28, 2009 between 8:30 to 9:30 pm local time when communities will participate by turning out their lights starting in New Zealand and progressing along time zones around the world.

Earth Hour began as a symbolic initiative against global warming by the World Wide Fund for Nature (WWF). “[It is] The largest demonstration of public concern about climate change ever attempted.” Ban Ki-moon, United Nations Secretary-General said.

Earth Hour began in 2007 with around 2 million participating, and increased to about 50 million in 2008. The Empire State Building, Las Vegas Strip, the Eiffel Tower, Petronas Twin Towers, the Peace Tower, the Parliament Buildings, the Christ the Redeemer statue, Acropolis of Athens, the Egyptian pyramids, and the Colosseum are some notable landmarks which will honour Earth Hour Saturday evening.

WWF organisers wished 1,000 cities would enlist in Earth Hour, however this was surpassed as this year over 2,400 have signed up to take part.

“The Government of Canada’s continued participation in Earth Hour is an indication of our commitment to being mindful consumers. As the custodian of one of the largest office building portfolios in the country, Public Works and Government Services Canada is committed to incorporating environmental practices into waste management, water conservation and the efficient use of energy in our buildings.” Christian Paradis, Minister of Public Works and Government Service said.

“Supporting Earth Hour is part of our commitment to help create a healthier environment for Canadians. Simple actions such as turning off the lights can help improve our environment and tackle climate change as well as empower Canadians to make important lifestyle changes that benefit their families and their environment. We encourage Canadians to take part in Earth Hour.” Jim Prentice, Minister of the Environment.

Submitted by: Patrick Chong

Back to the Future would be very a different film if Marty McFly had been equipped with a little cheap travel insurance. Marty takes a trip to the unfamiliar world of 1955 and his entire existence is thrown into danger as he tries to contrive a way home to 1985. We can use his story to demonstrate how useful travel insurance can be when you encounter mild peril on your journeys.

Things just don t go smoothly for Michael J. Fox s character, Marty McFly. Just seconds after seeing his good friend Doc Brown (played by Christopher Lloyd) gunned down by Libyan terrorists he is forced to escape in an experimental time machine, leaving a trail of fire behind. Upon arriving in 1955, he finds the Delorean has no power to take him home and he is stuck thirty years from where he belongs. If your mode of travel fails while you are abroad, whether a day or a year s travel from home, even cheap travel insurance could help you find a route back, even if it means inventing the flux capacitor.

A Mother s Care and Attention

Marty sets about finding the 1955 version of Doc, and prompts him to reconstruct the time machine thirty years ahead of schedule. Meanwhile, Marty manages to interrupt the first meeting of his father and mother, accidentally jeopardising his own future existence. He does this by being knocked unconscious by his would-be grandfather s car.

[youtube]http://www.youtube.com/watch?v=Nn1Dgxf42PU[/youtube]

When he comes to, Marty finds his mother, Lorraine, is taking care of his head injury and has developed an infatuation for her unfortunate patient, which is a Freudian nightmare no man could endure. When you are injured abroad, proper medical attention can be far from cheap. Travel insurance could cover the costs of your care and also move you to a hospital closer to home. Hopefully that will mean a more modern facility, as well as one that s more familiar. Perhaps not as familiar as being nursed by your mum, though.

Travelling Light

When you re travelling, you don t usually hope for bad weather; in fact, if serious weather interrupts your journey or forces it s cancellation you may be due some compensation from your cheap travel insurance cover. Weather can be unpredictable. Doc Brown and Marty though were relying on a predictable weather event to power the Delorean s return journey. The Doc rigs up a lightening conductor to the town s clock tower knowing when it will strike from Marty s foreknowledge of local history.

Meanwhile, Marty must ensure that his father and mother kiss at the school dance on that same evening, thus fixing their destiny together and preserving his existence. This is no mean feat, which involves politely avoiding Lorraine s advances, thwarting the school bully and his cronies, and replacing the injured guitarist at the prom to play romantic music suitable for couples. These escapades put Marty behind schedule so that he must rush to be on time for the lightening strike and his ticket home.

Assuming Marty s cheap travel insurance provider was in business in 1955, if he had missed the embarkation of his transfer home, his policy could probably have compensated him for missing the journey. Fate is kind though, and in a flash of light and Marty blazes a trail of fire back to his future. When he wakes up in 1985 he finds his once-timid father more assertive, his formerly alcoholic mother happy and healthy, and his family more successful in general. The modern-day Doc survives the terrorists, too, all thanks to Marty s haphazard interventions. It s nice when things work out okay in the end.

About the Author: Patrick Chong is the Managing Director of Journey s Travel. Their consumer travel insurance website, Insuremore, offers

cheap travel insurance

for families, couples and singles with a quick and easy online claims feature.

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Canadian union, railway reach last minute accord

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17
Oct

March 26, 2005

The International Brotherhood of Electrical Workers (IBEW) and Canada National Railway (CN) have worked out a tentative agreement, avoiding a walkout scheduled for midnight on the 26th by 604 workers.

The previous contract expired 31 December 2003, and the union notified CN of their intent to strike 23 March. The IBEW members covered under the contract maintain the track signals, and radio and data networks which monitor the movement of trains.

Federal mediators helped facilitate the agreement, invited by both the union and company. Montreal-based CN announced the four-year deal via a Business-wire release, but withheld the terms of the agreement pending a ratification vote, but did say the agreement is retroactive to 1 January 2004.

CN resumed talks earlier in March with 1,750 engineers after the union and company agreed possible work stoppages would be after 12 May 2005. Track maintenance workers signed a 4-year contract deal with CN in February, as well as a tentative settlement with conductors, yard service employees and traffic co-ordinators. In 2004 a 28-day strike by 5,000 clerical and cargo terminal workers cost the company an estimate CA$24 million.