<div class=New denunciations of Brazilian deputy and evidence make things difficult for Lula
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New denunciations of Brazilian deputy and evidence make things difficult for Lula

Sunday, July 3, 2005

São Paulo, Brazil —On June 30, in Brazil, deputy Roberto Jefferson testified to deputies and senators of a Commission that is investigating the alleged Post Office Service scandal. Jefferson’s testimony along with new evidence supporting his testimony are putting the government of President Luiz Inácio Lula da Silva in a difficult situation.

Roberto Jefferson’s testimony ran from 4 p.m. to close to 2 a.m. (local time). The deputy further explained the alleged corruption scheme involving the Brazilian Workers’ Party (PT).

The testimony of Jefferson was at times very tense, and sometimes discussions between Jefferson and deputies of the Workers Party become heated. In one instance, a Workers’ Party deputy attacked Jefferson’s credibility, calling him a liar on the basis that he supported the former Brazilian President Fernando Collor de Mello, who suffered impeachment for corruption related to Treasurer Paulo Cesar Farias, who worked on Collor’s campaign. Jefferson answered: “PC Farias is a chick when you see the corruption in PT”, and accused the former governor of Rio Grande do Sul Olivio Dutra (Olivio Dutra is the minister of Lula at the present time) of involvement with the “Jogo do Bicho” (illegal gambling).

According to Jefferson, the President of the Worker’s Party José Genuino, former Minister José Dirceu, Secretary-General Sílvio Pereira, and Treasurer Delúbio Soares, head a widespread national corruption scheme which involves the Workers Party, members of the Government, the Brazilian Agency of Intelligence, and both government and private enterprises. Jefferson said the President was unaware of this scheme. Some members of parliament from the opposition see this claim as strange.

During his last testimony, Jefferson said that entrepreneur Marcos Valério was responsible for finacing the payment of deputies of the alleged Votes-for-cash scandal. This week, investigations by the police showed that Marcos Valério withdrew, in cash, large sums of money from Rural Bank. According to Jefferson, this money was used to pay deputies. Valério said that he used the money to buy cattle and that farmers don’t like to receive cheques, just “real money”. His explanation was considered suspect and his former secretary said she does not know of any farms owned by Valerio.

Marcos Valério is part-owner of SMPB and DNA. Documents from the Agrarian Reform Institute (INCRA) showed that Valério’s enterprises owned 10 big farms. According to an article published by the newspaper O Estado de São Paulo on July 1, at least two of these farms do not exist. The Brazilian Federal Police said that there is evidence sufficient to indict Valério. The accusations against Valério are tax evasion and money laundering.

According to Internal Revenue Service, Marcos Valério’s fortune was R$ 230,000 (97,676.27 USD – Live mid-market rates as of July 3, 2005, 12:47:43 UTC.) in 1997 and R$ 14,000,000 (5,945,511.97 USD) in 2004, a growth of 6086%. The enterprises of Valério, SMPB and DNA, have contracts with five Ministeries and eight big public enterprises, including the Post Office Service.

Before his testimony to the Commission, Jefferson said that Furnas, an energy company in Brazil, was involved in a corruption scheme. According to Jefferson, money from the enterprise was moved to the Workers’ Party of Minas Gerais, to the treasurer Delúbio Soares, to be used to buy deputies. Furnas denied this. Presidente Luiz Inácio Lula da Silva said that the allegations should be investigated. Under pressure the Furnas’ directors resigned.

On July 2, newspapers reported that according to Brazilian Central Bank’s documents, in February 17, 2004, the Workers’ Party borrowed R$ 2.4 millions (1,019,230.62 USD) from Marcos Valério. In addition, the documents named José Genoíno (the President of the Workers’ Party) and Delúbio Soares (the treasurer). After initially denying that the magazine had taken out this loan, the President of the Workers’ Party acknowledged it to journalists on Saturday, July 2.

Delúbio Soares cried during his speech last week and said that the accusations are not true and that the “right” is trying to impeach President Luiz Inácio Lula da Silva on false charges.

The testimony of Jefferson is at the center of discussions in Brazil. According to the PMDB leader, Senator Ney Suassuna, the denunciations are “nitroglycerine which are thrown into the arteries of the Republic every minute”. Leader of the PSDB, Arthur Virgílio Neto, said that the government lives in darkness. Senator Peter Simon (PMDB-RS) appealed to President Lula to do an ethical turn-around, and respect the imperatives of morality and seriousness in government. According to Simon: “Today society is still saying that president Lula is a man of good. However, shortly, nobody is going to say that anymore”.

On July 1, President Luiz Inácio Lula da Silva opened the celebration of the 15th Anniversary of the Foro de São Paulo, in São Paulo. At 7:30 p.m. the forum was opened and, according to the Workers’ Party, the participants expressed support for the government of President Lula. Lula spoke during the encounter with the semblance of a tired and worried man affected by the crisis.

It is expected that the government will began a Ministerial reformulation next week.

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
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Calculating Profit And Loss In Forex Trading

Calculating Profit And Loss In Forex Trading

Calculating profit and loss in Forex trading

by

Shawn James

The foreign exchange market, being the most liquid financial market in the globe, offers attractive benefits for investors. In addition to having access to real time rates, your profit and loss is computed on real time basis by the Forex trading platform you are using and is shown live online. As much as this is an essential merit in currency trading, it is important that you familiarize yourself with how profit and loss is formulated.

[youtube]http://www.youtube.com/watch?v=ooWmD8cr9aA[/youtube]

In general, there are two basic methods for calculating profit and loss in Forex trading: The first method involves calculating the profit and loss in United States dollar (USD) terms by multiplying the number of pips with the size of the lot traded. If the lost size is a standard lot of 100,000, then you multiply the pips with 10 USD, if the lot size is a mini lot of 10,000, then you multiply the pips with 1 USD, and so on. This method is used only when the quote currency (second currency in a pair) is USD. The following example illustrates this: Suppose you enter a long position in EUR/USD at 1.4000 and exit the trade at 1.4010 a few moments later. In this case, your profit will be 1.4010-1.4000 = 0.0010 or 10 pips (assuming no transaction charges incurred) And, because the quote currency in this pair is USD, profit and loss in USD terms is: 0.0010 x 100,000 = 100 USD or 10 pips x 10 USD = 100 USD The second method of calculating profit and loss in Forex trading involves dividing the number of pips with the exchange rate and then multiplying the result with the lot size traded. This method is used only when the quote currency is another currency other than the USD. The following example illustrates this: Suppose you enter a long position in USD/CHF at 1.2000 and exit the trade at 1.2015 a few moments later. In this case, your profit will be 1.2015-1.2000 = 0.0015 or 15 pips (assuming no transaction costs incurred) And, because the quote currency in this pair is CHF (other than USD), profit and loss in USD terms is: 0.0015/1.2015 x 100,000 = 124.84 USD In conclusion, it is of essence to note that locking your profits before their turn to losses is an important characteristic of a successful Forex trader. Therefore, if you know how to calculate profit and loss, you will be able to take your Forex trading career to the next level.

Shawn James has 7 years experience in the Financial Markets, for PRO Investment Bank as an Investment Analyst, before becoming a

Forex

trading expert in Australia.

Tip: Be updated on daily basis with Forex News

if you want become a successful trader.

Article Source:

Calculating profit and loss in Forex trading

<div class=Race to save Chilean miners trapped underground from spiralling into depression continues
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Race to save Chilean miners trapped underground from spiralling into depression continues

Thursday, September 2, 2010

It has emerged that the 33 Chilean miners trapped underground after the mine they were working in collapsed could be brought to the surface in a shorter time than was initially feared. While officials publicly announced that the men would not be brought to the surface until Christmas, sources inside technical meetings have revealed that they could in fact be on the surface by early November. The news comes as families were allowed to speak by radio-telephone to their trapped loved ones on Sunday. Over the weekend, video images filmed by the miners emerged showing the miners playing dominoes at a table and singing the Chilean national anthem. The miners also used the camera to send video messages to their families on the surface, saying that they regularly broke into tears, but were feeling better having received food and water.

The grainy nightvision images, filmed on a high definition camcorder that was sent down a small shaft to the mine, show the men in good spirits, chanting “long live Chile, and long live the miners.” They are unshaven and stripped to the waist because of the heat underground, and are seen wearing white clinical trousers that have been designed to keep them dry. Giving a guided tour of the area they are occupying, Mario Sepúlveda, one of the miners, explains they have a “little cup to brush our teeth”, and a place where they pray each day. “We have everything organized,” he tells the camera. Gesturing to the table in the center of the room, he says that “we meet here every day. We plan, we have assemblies here every day so that all the decisions we make are based on the thoughts of all 33.” Another unidentified miner asks to rescuers, “get us out of here soon, please.” A thermometer is shown in the video, reading 29.5C (85F).

As the film continues, it becomes evident that the miners have stuck a poster of a topless woman on the wall. The miners appear shy, and one man puts his hand to his face, presumably dazzled by the light mounted on the cameraman’s helmet. One miner sent a message to his family. “Be calm”, he says. “We’re going to get out of here. And we thank you from the bottom of our hearts for your efforts.” Another said that the miners are “sure that there are people here in Chile that are big people, that are powerful people, that are intelligent people, and they have the technology and they will all work together to get us out of here.” Speaking to the camera, one says: “we have had the great fortune that trapped in this mine there are good, professional people. We have electricians, we have mechanics, we have machine operators and we will let you know that while you are working to rescue us on the surface, we are down here ready to help you too.” It has been reported that Mario Gómez, 63, has become the group’s “spiritual leader”, having worked in the mines for over fifty years. He has requested that materials to build a shrine be sent down to the cavern.

Upon seeing the video in a private screening, family members, who are living in a small village of tents at the entrance to the San José copper-gold mine—which they have named Camp Hope—were elated. “He’s skinny, bearded and it was painful to see him with his head hanging down, but I am so happy to see him alive”, said Ruth Contreras, the mother of Carlos Bravo, who is trapped in the mine. The video, of which only a small portion has been released to the public, shows the miners, many of them wearing helmets, cracking jokes and thanking the rescuers for their continued efforts. The supplies are being sent to the men through a small shaft only twelve centimeters wide, and a laboratory has been set up with the purpose of designing collapsible cots and miniature sandwiches, which can be sent down such a narrow space.

CNN reported on Friday that “officials are splitting the men into two shifts so one group sleeps while the other works or has leisure time .. On average, each man has lost 22 pounds (10 kilograms) since they became trapped three weeks ago, and dehydration remains a threat. But a survey of the men indicates that at least nine miners are still too overweight to fit through the proposed rescue shaft. Initially, the miners survived by draining water from a water-cooled piece of equipment. To stay hydrated in the 90-degree mine, each miner must drink eight or nine pints of water per day.”

But while there are jubilant celebrations on the surface that the miners are alive, officials are now nervous that the miners could become depressed, trapped in a dark room the size of a small apartment. Chilean health minister Jaime Mañalich said that, on the video, he saw the telltale signs of depression. “They are more isolated, they don’t want to be on the screen, they are not eating well”, he said. “I would say depression is the correct word.” He said that doctors who had watched the video had observed the men suffering from “severe dermatological problems.” Dr. Rodrigo Figueroa, head of the trauma, stress and disaster unit at the Catholic University in Santiago, Chile, explained that “following the euphoria of being discovered, the normal psychological reaction would be for the men to collapse in a combination of fatigue and stress … People who are trained for emergencies – like these miners – tend to minimize their own needs or to ignore them. When it is time to ask for help, they don’t.” NASA has advised emergency workers that entertaining the miners would be a good idea. They are to be sent a television system complete with taped football matches. Another dilemma facing Mañalich is whether the miners should be permitted to smoke underground. While nicotine gum has been delivered to the miners, sending down cigarettes is a plan that has not been ruled out.

With the news that drilling of the main rescue tunnel was expected to begin on Monday, officials have informed the media that they hope to have the miners out of the mine by Christmas—but sources with access to technical meetings have suggested that the miners could actually be rescued by the first week of November. A news report described the rescue plan—”the main focus is a machine that bores straight down to 688m and creates a chimney-type duct that could be used to haul the miners out one by one in a rescue basket. A second drilling operation will attempt to intercept a mining tunnel at a depth of roughly 350m. The miners would then have to make their way through several miles of dark, muddy tunnels and meet the rescue drill at roughly the halfway point of their current depth of 688m.” Iván Viveros Aranas, a Chilean policeman working at Camp Hope, told reporters that Chile “has shown a unity regardless of religion or social class. You see people arriving here just to volunteer, they have no relation at all to these families.”

But over the weekend, The New York Times reported that the “miners who have astonished the world with their discipline a half-mile underground will have to aid their own escape — clearing 3,000 to 4,000 tons of rock that will fall as the rescue hole is drilled, the engineer in charge of drilling said Sunday … The work will require about a half-dozen men working in shifts 24 hours a day.” Andrés Sougarret, a senior engineer involved in operating the drill said that “the miners are going to have to take out all that material as it falls.”

The families of those trapped were allowed to speak to them by radio-telephone on Sunday—a possibility that brought reassurance both the miners and those on the surface. The Intendant of the Atacama Region, Ximena Matas, said that there had been “moments of great emotion.” She continued to say that the families “listened with great interest and they both felt and realized that the men are well. This has been a very important moment, which no doubt strengthens their [the miners’] morale.” The phone line is thought to be quite temperamental, but it is hoped that soon, those in the mine and those in Camp Hope will be able to talk every day. “To hear his voice was a balm to my heart … He is aware that the rescue is not going to happen today, that it will take some time. He asked us to stay calm as everything is going to be OK … He sounded relaxed and since it was so short I didn’t manage to ask anything. Twenty seconds was nothing”, said said Jessica Cortés, who spoke to her husband Víctor Zamora, who was not even a miner, but a vehicle mechanic. “He went in that day because a vehicle had broken down inside the mine … At first they told us he had been crushed [to death].”

Esteban Rojas sent up a letter from inside the mine, proposing to his long-time partner Jessica Yáñez, 43. While they have officially been married for 25 years, their wedding was a civil service—but Rojas has now promised to have a church ceremony which is customary in Chile. “Please keep praying that we get out of this alive. And when I do get out, we will buy a dress and get married,” the letter read. Yáñez told a newspaper that she thought he was never going to ask her. “We have talked about it before, but he never asked me … He knows that however long it takes, I’ll wait for him, because with him I’ve been through good and bad.”

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<div class=CanadaVOTES: Liberal David Remington running in Lanark—Frontenac—Lennox & Addington
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CanadaVOTES: Liberal David Remington running in Lanark—Frontenac—Lennox & Addington

Friday, September 19, 2008

On October 14, 2008, Canadians will be heading to the polls for the federal election. Liberal candidate David Remington is standing for election in the riding of Lanark—Frontenac—Lennox and Addington.

Wikinews contacted David Remington, to talk about the issues facing Canadians, and what they and their party would do to address them. Wikinews is in the process of contacting every candidate, in every riding across the country, no matter their political stripe. All interviews are conducted over e-mail, and interviews are published unedited, allowing candidates to impart their full message to our readers, uninterrupted.

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New Zealand: Walking The National Treasures

New Zealand: Walking The National Treasures

By Tony Maniscalco

When in New Zealand walking, you’ll often stroll right past a particular tree or a stunning flower without realising its particular cultural significance. New Zealand’s national emblems all reveal a fascinating insight into the country’s culture and history. Where better to see them than out in the great outdoors?

New Zealand’s National Tree

New Zealand’s national tree is the silver fern, an endemic plant that has been known to grow up to heights of 10 metres. The silver fern is referenced many times throughout New Zealand culture: not only is it the emblem of the New Zealand Progressive Party and the All Blacks rugby team, but also appears on the national coat of arms and many of the country’s dairy products.

Maori tribes originally used the plant as a marker in the forest while hunting or taking part in food forays. The first man into the forest would turn over a leaf of the silver fern and the last man would turn it back. This helped the tribe to move through the forest as a unit, unobserved, and also gave them direction. Which is why, much later on, the All Blacks picked it as their team emblem.

[youtube]http://www.youtube.com/watch?v=nLu7p9bTJ84[/youtube]

New Zealand’s National Animal

On your New Zealand walking holiday you’ll find that Kiwis have two animals that they claim are their national emblem. First of all there are the sheep, which outnumber residents of the country by 12 to 1. The most common breed of sheep in New Zealand is an English breed called the Romney. The Romney is bred for two purposes: meat and wool. While lamb is an important export, wool is also extremely important to the country’s economy and New Zealand is responsible for producing 25% of the world’s total wool.

While sheep may be important for New Zealand’s economy, you’ll find that the tuatara, a little fellow you may discover when in New Zealand walking, is what many locals actually refer to as New Zealand’s national animal. The name tuatara derives from the Maori language and simply means ‘peaks on the backs’. The lizard has been endangered since 1895 and now is in an extremely vulnerable position.

New Zealand’s National Bird

A small flightless bird called the Kiwi is the national bird of New Zealand and it is also from whom the locals takes their nickname. The national bird first appeared on New Zealand regimental badges in the late 19th century and it was during the First World War that the term ‘Kiwi’, for a New Zealand solider, came into use. This term later spread into popular use to include all New Zealand nationals.

The kiwi bird is around the size of a chicken and when you’re out and about in New Zealand walking you’ll be extremely lucky if you spot one in the wild. If you do happen to come across one of these nocturnal birds foraging on the forest floor, be warned, as the birds are extremely shy when it comes to humans.

Kiwis are quite fascinating birds – not only are they the only bird species with nostrils at the end of their break, but they’re also famous for laying the largest eggs in relation to their body size. If you meet a kiwi while in New Zealand walking don’t be fooled by the plumpness of these chicken-sized birds; they can easily outrun a human and have sharp three-toed feet which enable them to attack their enemies.

About the Author: Tony Maniscalco is the Sales and Marketing Manager for Ramblers Worldwide Holidays. Operating since 1946, they now offer over 250 guided group walking holidays in more than 90 different countries. While in New Zealand walking with Ramblers Worldwide Holidays, you can see the most scenic locations & landscapes at the best value prices

Source: isnare.com

Permanent Link: isnare.com/?aid=568616&ca=Travel

<div class=Tattoo with identifying details leads to prosecution of thief in Bristol, UK
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Tattoo with identifying details leads to prosecution of thief in Bristol, UK

Tuesday, October 7, 2008

A thief in Bristol, United Kingdom, has been prosecuted due to incriminating evidence in the form of a tattoo on his neck with his name and date of birth that was captured by police CCTV, when he was in the process of stealing a Satellite navigation system in a car planted by police to find criminals.

Aarron Evans, the thief, today pleaded guilty to charges of theft at Bristol Magistrates’ Court. He is aged 21 and he is illiterate and has no fixed address.

The sentence was for seven months imprisonment.

Ian Wylie, who is police superintendent for the Bristol district commented on the incident. “Criminals won’t be tolerated in Bristol and we will keep catching them and bringing them before the courts,” he said. “We get such excellent images from these cameras that there is often, and never more so than in this case, no doubt who the criminal is and what they are doing. When faced with such evidence, there is no other way to go than ‘guilty’.”

“The photographs don’t just lead us to the person breaking into the car either. Further police work has also led us on many occasions to the handlers of the stolen property and people the car criminal is working with. We have also received information from members of the public through Crimestoppers where they have reported stolen property being sold on the streets, door-to-door or in local pubs,” Wylie continued. “The covert car has been a magnificent asset to the teams working to reduce car crime happening and those arresting car criminals. “

“We will continue to play our part but members of the public can still help us in reducing the opportunity for thieves; don’t leave valuables on display in your vehicle and, better still; take them out of the car completely.”

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Exploring Cigarette Alternatives In Humble, Tx

Exploring Cigarette Alternatives In Humble, Tx

byadmin

When you are looking for cigarette alternatives in Humble, TX, there are many options that may come to mind. However nothing is better than simulating the feeling of smoking without the health side effects. The only option that provides this is the E liquid nicotine Humble, TX vapor shops offer. You can find local vapor shops with a wide selection of different types of e liquid which is placed inside of electronic cigarettes. The result is a flavorful experience like no other.

The Best Tasting Vaping

For the best tasting vaping, you will definitely want to go to a trusted and reliable shop. They will offer a full and complete selection of choices to aid you in your e cigarette experience. From savory to perfume like flavors to dessert flavors, and more. There are so many different types of E liquid nicotine Humble, TX shops sell that you may have a hard time choosing just one. You can enjoy a satisfying alternative to regular cigarettes and still get the sensation of smoking that you may be looking for.

A cost effective choice

Electronic cigarettes are a cost effective choice that allow you to inexpensively enjoy smoking. The reusable electronic cigarette can be filled with any flavor of E liquid nicotine Humble, TX vapor shops offer. Some shops will even allow you to mix and match to create your own custom liquid for a customized experience. If you want to kick back and relax with friends, you will enjoy hanging out in the vaping lounge and smoking without the need for being banned for smoking indoors.

Enjoy the many advantages

There are many advantages to enjoy from smoking electronic cigarettes. One of the most fun and enjoyable aspects is selecting E liquid nicotine Humble, TX options for your cig. You can choose from the most delicious flavors so you can enjoy them without the worry of consuming tobacco. An added advantage to choosing electronic cigarettes is that you can take advantage of the cost savings from buying too many packs of cigarettes. The last advantage that is notable is being able to socialize with friends indoors whenever you choose to.

E cigarettes have increased in popularity over the years due to their health benefits and advantages. If you have not tried them yet, you may just discover that they make the ideal cigarette alternative for your lifestyle needs.

You can find the variety of E liquid nicotine Humble, TX options you are looking for.

<div class=US adds 173,000 jobs in August; unemployment rate drops to seven year low
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US adds 173,000 jobs in August; unemployment rate drops to seven year low

Monday, September 7, 2015

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

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<div class=SpaceX scrubs Falcon I rocket launch
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SpaceX scrubs Falcon I rocket launch

Monday, November 28, 2005

SpaceX called off the much-delayed inaugural launch of their new Falcon 1 rocket on Saturday from Kwajalein’s Omelek Island launch site. The intent was to launch the U.S. Air Force Academy’s FalconSat 2 satellite, which will monitor plasma interactions with the Earth’s upper atmosphere and magnetosphere.

The launch was delayed, then finally cancelled after an oxygen boil-off vent had accidentally been left open. The oxygen was unable to cool the helium pressurant, which then proceeded to evaporate faster than it could be replenished. A main computer issue, probably serious enough to cause a scrub on its own, was also discovered.

This long-anticipated flight was originally expected to be launched in January 2005, however a series of setbacks forced a series of delays, with the flight most recently scheduled to be in early 2006. It was intended to be launched from the Kwajalein atoll in the middle of the Pacific Ocean.

The maiden voyage was originally intended to launch from Vandenberg Air Force Base in California with a Naval Research Laboratory satellite and a Space Services Incorporated space burial payload.

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<div class=Blow out sales prices likely on mattresses as new U.S. fire-resistant standards take effect
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Blow out sales prices likely on mattresses as new U.S. fire-resistant standards take effect

Wednesday, June 20, 2007

If you are in the market for new bedding, and not too concerned with the new United States guidelines for mattress fire resistance, now might be a good time to buy. Mattresses sold in the U.S. must meet new federal guidelines for flammability starting on July 1.

The peak heat release rate is limited to 200 kW during a 30 minute test. The total heat release is limited to 15 MJ within the first 10 minutes.”

The flammability of mattress sets sold in the U.S. is subject to a new mandatory federal regulation requirement passed by the Consumer Product Safety Commission (CPSC) on February 16 last year. The requirement, costing mattress manufacturers an estimated $100 million to meet, is scheduled to take effect on July 1. The commission anticipates that the new standards will save 270 lives and 1,330 injuries per year from mattress fires.

“We’ve passed a new open flame regulation and the whole idea behind the regulation is to make sure that if a mattress catches on fire that the fire burns slowly enough that people have enough time to get out of the house and get away,” said Hal Stratton, chairman of the CPSC

Radio and TV advertising spots are reacting to the new regulation by discounting prices on mattresses that fail to meet the new guidelines. Sales made in the mattress industry, like the automobile industry, are highly negotiable on price. The new regulation does not appear to have much “teeth” for mattresses already in the distribution pipeline, but it is a new law that is a bargaining position for potential buyers.

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