December 2009

High Performance Driving School

High Performance Driving School

An international competition, between nations rather than individuals, began with the Gordon Bennett Cup in auto racing.

The best-known variety of single-seater racing, Formula One, involves an annual World Championship for drivers and constructors of around 18 races a year featuring major international car and engine manufacturers, and independent constructors, such as Ferrari, McLaren, Williams, BMW Sauber, Toyota, Honda, Renault, Red Bull Racing - in an ongoing battle of technology and driver skill and talent.

EU: Kraft has offered changes to Cadbury deal

BRUSSELS – European Union regulators said Wednesday that Kraft Foods Inc. had put forward possible changes to its hostile 9.8 billion pound ($16.3 billion) takeover of Cadbury PLC to soothe antitrust worries.
The European Commission gave no details when it said it was extending a deadline by 10 working days — from Dec. 14 to Jan. 6 — to examine commitments made by Kraft, based in Northfield, Illinois.
By that date, the EU's executive must approve the deal or open an in-depth probe that would examine problems more closely.
London-based Cadbury, the maker of Dairy Milk chocolate and Dentyne gum, plans to publish its formal response to the Kraft deal on Dec. 14.
Kraft, the maker of Oreo cookies, Nabisco crackers and its namesake cheese, took its offer straight to shareholders of the British candy company on Friday. In doing so, it bypassed the Cadbury board, which had already rejected an almost identical offer last month as "derisory."

Bangladesh, Myanmar 'worst-hit' by extreme weather

COPENHAGEN (AFP) –
Bangladesh, Myanmar and Honduras were the countries most severely affected by extreme weather events from 1990 to 2008, according to a climate change risk study published on Tuesday.

When only 2008 is considered, the top three worst-hit countries were Myanmar, Yemen and Vietnam, said the paper which was published on the sidelines of the ongoing UN talks in the Danish capital.

The so-called Global Climate Risk Index aims at giving a pointer of a country's vulnerability to violent weather events stoked by global warming.

It is derived from a basket of factors, namely the total number of deaths from storms, floods and other weather extremes; deaths per 100,000; losses in absolute dollar terms; and the loss in terms of a percentage of a country's gross domestic product (GDP).

"Weather extremes are an increasing threat for lives and economic values across the world, and their impacts will likely grow larger in the future due to climate change," said the report, authored by an NGO called Germanwatch.

"Our analyses show that in particular poor countries are severely affected."

The report, which uses data provided by the insurance giant Munich Re, was issued on the sidelines of the December 7-18 talks under the UN Framework Convention on Climate Change (UNFCCC).

The conference aims at crafting a post-2012 pact on reducing carbon emissions and providing funds for poor countries exposed to the impacts of climate change.

The "top 10" for 1990-2008 were:

1 Bangladesh

2 Myanmar

3 Honduras

4 Vietnam

5 Nicaragua

6 Haiti

7 India

8 Dominican Republic

8 Philippines

10 China

Climate documents spark rich vs. poor clash

COPENHAGEN – Developing nations who face huge climate change burdens are demanding that wealthy nations shoulder more of the costs, as a leaked Danish document and fresh evidence of a hotter planet raised temperatures at the U.N. climate conference.
Negotiators on Wednesday were trying to bridge the difficult gaps among 192 nations and stem a growing chasm between rich and poor on the third day of the U.N. climate conference.
A key speaker will be U.S. Environmental Protection Agency head Lisa Jackson, whose agency just gave President Barack Obama a new way to cut back on greenhouse gas emissions. Obama will join more than 100 national leaders converging on Copenhagen for the final days of bargaining late next week.
Jackson headlines a U.S.-sponsored meeting entitled "Taking Action at Home." The EPA determined Monday that scientific evidence clearly shows greenhouse gases are endangering Americans' health and must be regulated, either by Congress or by itself, the agency responsible for air pollution. That gave Obama a new way to regulate those gases without needing the approval of the U.S. Congress.
Meanwhile, small island nations, poor countries and those seeking money from the developed world to preserve their tropical forests were among those upset over competing draft texts attributed to Denmark and China outlining proposed outcomes for the historic Dec. 7-18 summit.
Some of the poorest nations feared too much of the burden to curb greenhouse gases is being hoisted onto their shoulders. They are seeking billions of dollars in aid from the wealthy countries to deal with climate change, which melts glaciers that raise sea levels worldwide, turns some regions drier and threatens food production.
Diplomats from developing countries and climate activists complained the Danish hosts pre-empted the negotiations with their draft proposal.
Lumumba Di-Aping of Sudan, the head of the 135-nation bloc of developing countries, said the $10 billion fast-track pledge from the U.S., European Union, Japan and other wealthy nations paled compared to the more than $1 trillion spent to rescue financial institutions.
"If this is the greatest risk that humanity faces, then how do you explain $10 billion — unless it is an inducement for some countries to accept the western-backed proposal?" he said. "Ten billion will not buy developing countries' citizens enough coffins."
The Danish draft proposal would allow rich countries to cut fewer emissions while poorer nations would face tougher limits on greenhouse gases and more conditions on money available to adapt.
"(It focuses) on pleasing the rich and powerful countries rather than serving the majority of states who are demanding a fair and ambitious solution," said Kim Carstensen of the environmental group WWF.
A sketchy counterproposal attributed to China would extend the 1997 Kyoto Protocol, which required 37 industrial nations to reduce emissions of carbon dioxide and other gases blamed for global warming by an average 5 percent by 2012, compared with 1990 levels.
The Chinese text would incorporate specific new, deeper targets for the industrialized world for a further five to eight years. Developing countries, on the other hand, including China, would be covered by a separate agreement that envisions their taking actions to control emissions, but not in the same legally binding way. No targets would be specified for them.
Poorer nations believe the two-track approach would best preserve the principle of "common but differentiated responsibilities" recognized by the Kyoto treaty.
Such draft ideas are the usual grist early in such long, difficult international talks. These two proposals were not yet even recorded as official conference documents.
"It has no validity," key European Union negotiator Artur Runge-Metzger said, speaking of the Danish proposal. "It's only a piece of paper. The only texts that have validity here are those which people negotiated."
Earlier Tuesday, the U.N.'s weather agency unveiled data showing that this decade is on track to become the hottest since records began in 1850, with 2009 the fifth-warmest year ever. The second warmest decade was the 1990s.
Only the United States and Canada experienced cooler conditions than average, the World Meteorological Organization said, though Alaska had the second-warmest July on record. In central Africa and southern Asia, this will probably be the warmest year, it said.

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EDITOR'S NOTE — Find behind-the-scenes information, blog posts and discussion about the Copenhagen climate conference at http://www.facebook.com/theclimatepool, a Facebook page run by AP and an array of international news agencies. Follow coverage and blogging of the event on Twitter at: http://www.twitter.com/AP_ClimatePool.

Irvine Auto Body

There are also independently owned and operated businesses like Suchorski's Auto Repair in Milwaukee, WI or regional or national chains and franchises. Examples of chains and franchises include Midas and Firestone Complete Auto Care.

A third type of repair shop is the service departments of car dealerships. These shops are the only ones authorized to perform warranty and recall repairs by the manufacturers and distributors, except in the European Union.

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Term Life Insurance

Excess line insurance companies (aka Excess and Surplus) typically insure risks not covered by the standard lines market. They are broadly referred as being all insurance placed with non-admitted insurers. Non-admitted insurers are not licensed in the states where the risks are located. These companies have more flexibility and can react faster than standard insurance companies because they don't have the same regulations as standard insurance companies. State laws generally require insurance placed with surplus line agents and brokers to not be available through standard licensed insurers.

Advanced economies account for the bulk of global insurance. With premium income of $1,217 billion in 2004, North America was the most important region, followed by the EU (at $1,198 billion) and Japan (at $492 billion). The top four countries accounted for nearly two-thirds of premiums in 2004. The United States and Japan alone accounted for a half of world insurance premiums, much higher than their 7 percent share of the global population. Emerging markets accounted for over 85 percent of the world’s population but generated only 10 percent of premiums. The volume of UK insurance business totaled $295 billion in 2004 or 9.1 percent of global premiums.

Term Life Insurance