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Sunday, October 21, 2007

Fans of the American hard rock band Aerosmith have launched legal action against the band in response to a late cancellation of a scheduled concert on the Hawaiian Island of Maui.

Attorney Brandee Faria filed a class action suit in Hawaii Circuit Court on October 19. The suit alleges that the band’s cancellation cost fans between US$500,000 (€349,944) and $3 million (€2.1 million) in travel and accommodation costs, as well as other related expenses.

The sold-out September 26 Maui concert – originally planned months before as the final show of a world tour that began in Brazil in April – was canceled by the band on the basis that they could not make it to the island in time after a September 24 concert in Chicago. The Chicago concert, which attracted 18,000 people, was rescheduled at the last minute after the original September 10 concert date had been postponed due to illness.

The band canceled the show at Maui’s War Memorial Stadium, which was set to be attended by 9,000 people, and apologized to fans. The band’s management company, HK Management Inc., gave no initial reason when they canceled on September 20, but blamed logistical reasons by the next day.

However, just days later, on September 29, the band traveled to the neighbor island of Oahu to play a corporate event in Honolulu for Toyota car dealers and private guests. An audience of 6,000 people celebrated the 50th anniversary of the Japanese automobile manufacturer at the University of Hawaii, with Toyota paying $500,000 (€349,944) to hire the campus. Aerosmith received $1 million (€700,000) to perform at the event. Faria alleges that Aerosmith abandoned the scheduled public concert on Maui in favor of the more lucrative corporate event on Oahu.

“…Defendants simply canceled the only public performance by Aerosmith in favor of the larger Chicago venue and the lucrative, private concert for the Toyota car dealers,” the complaint states.

Local officials had hoped the concert would attract other big names to the island.

Faria said that “I’ve had people contact me being out of pocket at much as $800 or $900,” adding that if the cancellation is found to be deceptive ticket holders may be eligible for a minimum of $1,000 each. The complaint also says that those aged 62 or over should receive at least $5,000 each. Currently about a dozen ticket holders are involved with the suit. If the action is approved by a judge, steps will be taken to contact everyone who purchased a ticket.

Thursday, September 5, 2013

Local residents of Dungog, a small country town in New South Wales (NSW), Australia, held a celebratory nature walk on Sunday after they received assurance that their local forest was deemed worthy of “enduring protection.” Previously, a proposal before the NSW government to log over one million hectares of protected national park forests had caused alarm among nature conservationists.

To celebrate the continued protection of national parks in NSW, a free guided walk was held on Sunday in the Black Bulga Range Conservation Area. This family-friendly nature ramble meandered along the mountain’s ridge, with locals enjoying the forest, sharing a cup of billy tea and knowledge about the local forest’s ecology and history. The physical presence of the locals in the forest demonstrated their continued use of this area and the importance of national parks for the community.

Since early 2012, the possibility of logging for commercial timber in NSW national parks had been emerging. A state government inquiry on the management of public land in NSW received submissions and evidence from both the Australian and NSW Forest Products Associations (FPA). The FPA’s recommendation to “tenure swap” between national parks and state forests in order to sustain the timber industry were included in the final governmental report.

The process began in April 2012 when the NSW Legislative Council —the upper house of the parliament of NSW— established an inquiry into the management of public land in New South Wales, conducted by the General Purpose Standing Committee No. 5. According to a media release from the Legislative Council at the time, the primary purpose of the inquiry was to “scrutinise the management of the State’s public land and review the process and impact of converting Crown Land, State Forests or agricultural land into National Park estate.”

By August that year, the committee had received a recommendation from Mr. Grant Johnson of the Australian Forests Products Association for the “re-introduction of harvesting activities in forest areas previously set aside for conservation.” The following month, Mr. Johnson and Mr Russell Alan Ainley, Executive Director, NSW Forest Products Association, were invited before the committee. At this hearing, the chair, Mr. R. L. Brown, member for the Shooters and Fishers Party, asked Mr. Ainley for “a calculation of the area currently in [national parks] reserve that would need to be returned [to state forest] to be available for timber extraction”. In response, Mr. Ainley suggested “a little more than one million hectares.”

On May 15, the NSW Legislative Council published a Final Report on the management of public land in New South Wales. Among its key recommendations was that “the NSW Government immediately identify appropriate reserved areas for release to meet the levels of wood supply needed to sustain the timber industry, and that the NSW Government take priority action to release these areas, if necessary by a ‘tenure swap’ between national park estate and State forests. In particular, urgent action is required for the timber industry in the Pilliga region.”

A “tenure swap” would reserve areas of NSW state forest where logging is now allowed, in exchange for opening areas of national parks for logging.

Environment groups such as The Nature Conservation Council of NSW and The Wilderness Society announced that these government documents signaled an immediate threat of logging in national parks in NSW. This information raised concerns of other community and activist groups because logging is not conducted in national parks in Australia. According to the NSW Department of Environment, Climate Change and Water, a national park is an area designated to “protect Australia’s plants, animals, ecosystems, unique geology and Aboriginal and non-Aboriginal cultural connections to the land.”

The Black Bulga State Conservation Area was one of many parks listed by the environment group Save Your National Parks as potentially vulnerable for “tenure swap”. This forest covers 1554 hectares and connects Dungog Shire to the World Heritage listed Barrington Tops National Park, part of a green corridor from the ocean to the mountains.

Residents living near the forest were concerned by the proposal for logging in their area. A local information day held in June, at the Settlers Arms, Dungog, motivated local action. As a consequence of the event, over forty hand-written letters were posted to the Premier and local MPs. In a recent reply from the NSW government, the Minister for the Environment, Robyn Parker, stated: “The Government does not support commercial logging in national parks and reserves, including Black Bulga State Conservation Area, and has no plans to allow it. The NSW Government recognises that our national parks and reserves are special and unique places that deserve enduring protection. The Government is committed to their important role in conserving native flora and fauna and cultural heritage, and to improving community well-being through increased opportunities for recreation and tourism”.

As reported in the Dungog Chronicle, Jo New of the Black Bulga Range Action Group was thrilled by the government’s response to a community-driven campaign. “It goes to show what a wonderful impact local people can have after they do something simple, like posting a letter”.

Thursday, September 20, 2007

The U.S. economy and its currency as an instrument of world trade has suffered a series of major setbacks in recent months. Some analysts say that the Federal Reserve‘s September 18^th dramatic rate cut to 4.75% from 5.25% may be a case of “too little, too late”, or that it was excessive and dooms the dollar.

Today, Saudi officials declined to cut interest rates in lockstep with the US Federal Reserve for the first time in decades. According to Ambrose Evans-Pritchard, International Business Editor for The Daily Telegraph, “it’s a signal that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.”

Hans Redeker, the Currency Chief at BNP Paribas, also stated today that Saudi Arabia’s move to not adjust their own interest rates in sync with the Fed’s cuts is a very dangerous situation for the US dollar. Redeker points out that “Saudi Arabia has $800bn (£400bn) in their future generation fund, and the entire region has $3,500bn under management. They face an inflationary threat and do not want to import an interest rate policy set for the recessionary conditions in the United States.”

Saudi central bank officials said that “appropriate measures” would be taken to stop the large capital inflows into the country. The Federal Reserve’s half-point rate cut has already caused a plunge in the world dollar index to a fifteen-year low, reaching the weakest level ever against the Euro at just under $1.40.

The Fed hopes that by making it cheaper to borrow, people will start spending and investing more. However, some analysts fear the cut will worsen inflation, making it harder to get personal loans, and further decrease confidence in the dollar around the world. There are already signs that global investors have started rejecting U.S. Treasury securities, and recent U.S. government data on foreign holdings show a decline in purchases of US securities from $97bn to just $19bn in July.

In response to Ben Bernanke‘s statements today about a potential mortgage and housing market crisis, CNN anchor Wolf Blitzer said, “If adjustable mortgage rates go up, people may not be able to afford their mortgage payments.” Former Federal Reserve chief Alan Greenspan said earlier this week that housing prices may fall by “double digits” as the subprime crisis bites harder, prompting households to cut back sharply on spending.

Jim Rogers, the economic commentator and former partner of George Soros, stated, “If Ben Bernanke starts running those printing presses even faster than he’s already doing, we are going to have a serious recession. The dollar’s going to collapse, the bond market’s going to collapse. There’s going to be a lot of problems.”

In recent months, the U.S. dollar has taken several other significant hits including Kuwait’s decision in May to also break its dollar peg, and threats by China to interfere with the U.S. economy, calling it their nation’s “nuclear option”. According to public sources, the Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions that seek to force a Yuan revaluation.