U.S. manufacturer General Motors seeks bankruptcy protection

Monday, June 1, 2009

United States automobile manufacturing firm General Motors filed for bankruptcy and Chapter 11 protection from its creditors at 12:00 UTC Monday, in a Manhattan, New York federal bankruptcy court. This was the largest bankruptcy filing for a U.S. manufacturing company, and with declared assets of $82.29 billion and a debt of $172.81 billion, and the fourth largest bankruptcy filing in recent U.S. history — after the bankruptcies of Lehman Brothers ($691.06 billion), Washington Mutual ($327.91 billion), and WorldCom ($103.91 billion).

The filing, expected to be the first of many, was for a New York GM affiliate, Chevrolet-Saturn of Harlem Incorporated. Numbered 09-50026, it named GM as a debtor in possession, and was filed before judge Robert Gerber.

GM is to be represented throughout the filing process by Weil Gotshal & Manges, a New York law firm specializing in bankruptcy.

The chief restructuring officer, named in the filing, is to be Al Koch, a managing director at AlixPartners LLP in New York, who will report directly to Fritz Henderson, the Chief Executive Officer of General Motors.

In its bankruptcy petition, GM listed its primary creditors as:

Name Amount owed (USD millions)
Wilmington Trust 22,000
United Auto Workers union (UAW) 20,560
Deutsche Bank 4,440

The amount owed to UAW excludes “approximately $9.4 billion corresponding to the GM Internal VEBA“. USD22,760 millions are owed to bondholders.

Analysts have observed that the effect of the bankruptcy filing on the U.S. economy is not expected to be as major as it once would have been. One such voice, Mark Zandy, an economist at Moody’s Economy.com, commented that “Bankruptcy now is irrelevant in terms of the economic consequence of what’s happening to GM.” Such analysts believe that the economic impact of GM’s problems has already been felt, with its effects on parts suppliers and employment. They also believe that GM’s programme of accelerated payments, and its participation in a U.S. Treasury program to ensure prompt payments to parts manufacturers, will have cushioned the effect of the bankruptcy itself.

Speaking on Bloomberg Radio, David Cole, chairman of the Center for Automotive Research in Ann Arbor, stated that the fragility of the parts suppliers, the loss of whom would threaten the entire automobile manufacturing industry, was of more immediate concern than the GM bankruptcy.

Also filing for chapter 11 protection today were Saturn LLC and Saturn Distribution Corporation, subsidiary companies of General Motors.

As a consequence of the bankruptcy, General Motors Corporation (GM.N) was removed from the Dow Jones Industrial Average, and was replaced by Cisco Systems (CSCO.O), these changes scheduled by Dow Jones & Company to take effect from the opening of trading on June 8.

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Native Hawaiian sovereignty bill to be debated in U.S. Senate in June

Saturday, May 13, 2006

The U.S. Senate has scheduled debate and a vote in June on a bill that would allegedly initiate a process for Native Hawaiians to achieve the same level of self-governance and autonomy over their own affairs that many Native American tribes currently have. Critics of the bill characterize it as going much further than any existing tribal recognition, creating a governing entity based solely on race, without the same requirements as needed for Native American tribal recognition, such as having existed predominantly as a distinct community, having exercised political influence over its members as an autonomous entity, and have continuously been identified as a tribal entity since 1900.

Senator Daniel Akaka (D-Hawaii), the main proponent of bill S. 147 (the Native Hawaiian Government Reorganization Act) and a Native Hawaiian himself, had been giving daily speeches on the Senate floor since May 9 in support of the bill to raise awareness of it. His advocacy of the bill has led it to become known as the “Akaka Bill.” Opponents of the Akaka bill have made daily responses to the Senator’s speeches as well.

“I thank our majority leader, the senior senator from Tennessee, who is working to uphold his commitment to bring this bill to the Senate floor for a debate and roll call vote,” Akaka said after receiving the pledge from Majority Leader Bill Frist (R-Tenn.) on Friday. He also recognized his chief opponent, Senator Jon Kyl (R-Ariz.), who worked with Akaka “to uphold his promise to allow the bill to come to the floor for a debate and roll call vote.”

Frist is expected to file a cloture motion after the Senate returns from its May recess. A vote on the cloture motion would occur within 48 hours of filing.

Opponents of the bill, including Kyl, charge that the bill is a race-based privilege that the U.S. Constitution prohibits. Others, such as Sen. Lamar Alexander (R-Tenn.) imply that passage of the bill could have unintended consequences. In a speech on the Senate floor on Tuesday that preceded Akaka’s, Alexander likened the bill to recognizing Hispanic populations descended from pre-republican Texas or giving tribal status to the Amish or Hasidic Jews, the Honolulu Star-Bulletin reported.

Akaka believes that he has bipartisan support for his bill, with four Republican senators pledging support for it. At least six Republican senators would need to vote for the bill for it to pass, assuming that the bill receives solid support from Akaka’s fellow Democrats and the chamber’s one independent member who usually votes with the Democrats.

A recent report from the U.S. Civil Rights Commission recommended that the bill be rejected. [1](PDF)

The Commission recommends against passage of the Native Hawaiian Government Reorganization Act of 2005 (S. 147) as reported out of committee on May 16, 2005, or any other legislation that would discriminate on the basis of race or national origin and further subdivide the American people into discrete subgroups accorded varying degrees of privilege.

Although the U.S. Civil Rights Commission redacted the findings section of their draft report before approving their final report, opponents of the Akaka bill have challenged the characterization of the findings section as being “historically inaccurate” by Akaka bill supporters.

Supporters of the bill, which include the Democratic members of Hawaii’s congressional delegation and Republican governor Linda Lingle, counter that Hawaii is a unique case because of its former history as an independent nation before the overthrow of the Hawaiian monarchy in 1893.

Kyl had placed a block on the bill when it was originally placed on the Senate schedule in July 2005, but has since agreed to allow the bill to come to a floor vote. The bill was later deferred indefinitely due in part to Hurricane Katrina.

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What To Look For When Buying From A Scale Company In Baltimore

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byAlma Abell

Truck scales are used for measuring the weight of trucks both when loaded and empty. They are very important, especially for people in the transportation business. Without these scales, it is hard to know an overloaded truck. Knowing when a truck is overloaded is important since overloading not only reduces the lifespan of the truck but also damages the roads. For this reason, it is in the interest of both the government and the truck owner to makes sure that trucks are not overloaded. If you are an owner of a truck in Baltimore, you need to acquire a quality portable truck scale from a reputable scale company in Baltimore. This will save you both money and time spent on weight bridges. However, be careful to choose only the scale that is most suited for your needs. Before you choose one, here are some factors that you need to consider.

[youtube]http://www.youtube.com/watch?v=FR3W65u5qu4[/youtube]

Warranty

Always buy a scale that has a warranty of not less than a year. In this way you will rest assured that any time it develops problems, you will get either a free replacement or free servicing. Some companies also have maintenance agreements where they carry out the scale maintenance for a certain period after you’ve bought from them. Inquire if the company you are buying from has such agreements so that you do not have to pay for minor services to your scale.

Profile and Size

Different scales have different profiles depending on the complexity of mounting them. Low profile scales are easier to mount as compared to the heavier high-profile ones. If you are not used to using scales, a low profile one would better to start with because of the ease of operating it. Apart from the profile of the scale, also consider the size of your truck. If it is small, then choose a scale that will accurately read its weight. Don’t choose a scale that is not suited for your truck’s size as it might affect its accuracy.

While these factors are critical in your decision-making, you also need a reputable company to sell you high quality scales. B&M Scale, Inc is such Scale company in Baltimore. Not only will you get durable scales but also excellent services. Visit the website for more information.

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Wikinews interviews India’s first female Paralympic medalist Deepa Malik

Wednesday, September 14, 2016

Wikinews on Sunday interviewed Deepa Malik, India’s first female Paralympic medalist, who won the silver medal in the Women’s Shot Put F53 event finals, at the 2016 Summer Paralympics being held in Rio de Janeiro, Brazil.

Malik lost the gold medal to Bahrain’s Fatema Nedham, who had the best throw 4.76 metres, setting a new regional record in paralympic women’s shot put.

Arriving in Rio, Malik had initial trouble due to the airline losing her luggage; it didn’t all arrive until three days later: clothes, opening ceremony outfit and equipment including competition belts.

In early August there was a possibly that Malik might lose her spot on the Indian team going to Rio, with fellow female para athlete Karam Jyoti challenging Malik’s selection and the Sport’s Authority of Indian’s selection process at the High Court of Delhi. The high court ruled against the plaintiff.

Both of these events occurred against the wider backdrop of the Paralympic Committee of India being suspended by the International Paralympic Committee. The Sports Authority of India took final authority over the Paralympic Committee of India for sending a team to Rio, with agreement from the International Paralympic Committee; this arrangement allowed India to compete under their own flag at the 2016 Summer Paralympics.

((Wikinews)) Congratulations on your result.

Deepa Malik: Thank you so much.

((WN)) Even though you are currently waiting in terms of the end result of the protest.

DM: Absolutely, but I’m happy with my performance, I’m happy that I could improve and I could prove myself, there were a lot of questions back home on my selection and on my hard work. My single-minded focus that I had put into this journey of being a Paralympian. Well, I am just so anxious about the results.

((WN)) So how much did the court case and KLM losing your luggage impact on your preparations and your result today?

DM: Yes, but I’m happy that my husband was my coach here, and, so, I had huge moral support in terms of keeping my mind and everything in peace. Most of the equipment was available in the gym, we had to alter the training a bit like the throw days couldn’t happen, so we instead exercised. No, I think that is what sports teaches you, you can’t live on excuses, I never lived on excuses.

((WN)) You work around things.

DM: Yes, that’s what we do, that’s what a sportsman is suppose to do, rise again, and then fall and rise, and run, and I did exactly that.

((WN)) What message should other Indian women take away from your participation and result in Rio?

DM: This is going to be the first female medal that India would have ever won in Paralympics and as it is I’m working aggressively towards transforming this entire concept of empowerment for the women, especially the women in disabilities in my country. So I’m really happy that this medal give my voice more value, more strength, and I’ll be able to impact even more, though on the ninth of September the Prime Minister’s jury has awarded me with the award of Women Transforming India, I’m so happy that within three days of getting that award, I have added another feather to it and proved that yes this journey of ability beyond disability. And not just disability, this is a universal message that if women put their minds to their dreams they can balance it; age, gender, disability, is all a state of mind. If you put your passion and hard work, you can get it, and in the Indian scenario were they say infrastructure is a challenge, women participation that are taboo, religiously and psychologically, disabilities taken as a curse, dependability[?] increases because of lack of infrastructure, well, time to get rid of the excuses. We have to start erasing the excuses and believe your own self and that’s the message I’m carrying with all the activities that I do whether it is car rallying, motorbiking or swimming across a river, every record or every unique activity that I’ve undertaken and just below paralysis has been aimed at changing the stereotypical image of a women and also a women in disability. ?

((WN)) Will you and your daughter both be trying to represent India at the 2020 Games in Tokyo?

DM: I’m very sure about myself, but my daughter, though, she’s a Paralympian, yes, which again was considered a huge taboo in my society that oh my god both the mother and the daughter both have a physical disability, what is going to happen to these two, but we did good and she is working as a youth council representative in the Commonwealth countries, for the Paralympics specially, and her work though her foundation called Wheeling Happiness has earned her the young leader award from the Queen of England, so I guess her focus is now shifting to more on community service and empowering others and not just herself. And she is leaving on first of October to Loughborough to do her PhD doctorate programme in disability sports psychology, I’m very sure Loughborough is going to give her a huge amount of sports [inaudible] but how much time she going to decide to devote to sports and studies is her decision entirely. That’s her dream, her journey. 

((WN)) How helpful was the Sports Authority of India in preparing and supporting your Rio ambitions??

DM: I think 100 per cent, because the biggest challenge we have back home is a customised training, or the infrastructure for that matter, so we were given the ability and the funds to train the way we wanted to train, and the funds were huge which were given to us, out accommodation, food, diet, physical therapist, psychologist, trainer, gym, everything was paid for, and customised, you want it and they give it. So I guess this was easy financially this time, because every expenses was taken care of, my husband could also take a sabbatical from his job and join my journey, and having him twenty-four seven and coaching me because he himself is an athlete, and have the best diet and counselling. I think it’s worked wonders, so I give shout out and a huge applaud.

((WN)) How important was it for you to have a carer in Rio?

DM: Yes, again we really have to appreciate the sports authority of India and also Paralympic Committee of India, which is going to start to function post-Rio in India. They were very very quick, they were very very adamant in giving the wheelchair people escorts. And I need help twenty four seven, I’m just below paralysed so it was really huge, emotionally, mentally, psychically training-wise, every way I think the situation was perfect.

((WN)) Thank you for your time.

DM: Thank you.

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Australian PM announces $1.8 billion mental health plan

Wednesday, April 5, 2006

Australian Prime Minister John Howard has announced a five year plan costing AU$1.8 billion to address issues with the country’s mental health system. The plan follows a commitment made at the Council of Australian Governments (COAG) meeting in February.

The federal government will improve access to clinical and health services, increase the number of mental health professionals in Australia, create mental health work teams consisting of GPs, psychiatrists, psychologists and mental health nurses, provide respite services for people suffering mental illness and their carers, and introduce new programs for community awareness.

Mr Howard said the plan addresses issues which fall into its area of responsibility. He hopes that the states and territories will complement the federal government’s package by investing in supported accommodation, hospital and emergency services, crisis care services and the provision of mental health care in gaols.

Under the federal government’s plan, psychologists will play a greater role in the mental health system. From November, Patients will be able to claim a rebate from Medicare (Australia’s universal healthcare scheme) for the services of psychologists if they have been referred by a GP or psychiatrist. At present patients pay around $100 for a standard 30 minute consultation.

Mr Howard claims that there is an issue for mental health professionals in treating patients with a substance abuse problem and mental illness. To address this the government will provide extra funding for drug and alcohol rehabilitation services.

The government will increase the mental health workforce by funding an additional 400 mental health nursing and 200 clinical psychology places. 900 personal helpers and mentors will also be employed.

The government has promised increase funding for telephone counselling and suicide prevention services, living skills programs and additional support for those with a mental illness who are having difficulty finding or keeping work.

The government will also provide 900 personal helpers and mentors, increase funding for living skills programs and provide additional employment assistance to those who have difficulty finding or retaining employment due to their illness.

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Print Marketing, The Pros And Cons

By Christopher Baxter

When one runs a business, a lot of our focus will be on marketing. Three traditional methods that have been used by businesses for years includes newspapers, magazines and the yellow pages. However, many businesses are starting to turn their attention towards internet and other forms of technological marketing. Some may wonder if there are still benefits to using those forms of print marketing. You may find that there are benefits to these older forms of marketing as well as the newer ones. A combination can be used to reach even more potential clients.

When it comes to newspapers, there are several advantages to consider. With newspapers we can reach a large group of people while also targeting a specific geographical area. Newspapers allow us to have flexibility in deciding what size of ad we want to place and where we want it printed in the newspaper. This means we can make our ad as large as necessary in order to communicate what we are trying to sell.

We are not limited by our newspaper ad, readers can return to our message again and again so we can have continuous exposure. We will usually have free help from the newspaper in creating and producing our ad copy. Newspapers are adapting to the changing market conditions and often offer a quick turn-around. Therefore, running an ad today can result in customers viewing our ad within one to two days.

[youtube]http://www.youtube.com/watch?v=7KYq5xUvm1Y[/youtube]

Magazines provide a way for businesses to have a more focused marketing option. However, it is also a more expensive alternative to the newspaper method of advertising. Businesses choose this method of marketing if they want to reach a highly targeted audience. By using magazines we can advertise to our audience through publications that focus on our specific audience or has topics of interest to our audience. Since we have a high reader involvement with the magazine, we will have more attention placed on our advertisement. Magazine ads are better for colour reproduction and full-colour adverts, this means that even small ads will stand out in a magazine.

The oldest tradition of print marketing is the yellow pages. Today there are several different forms of yellow pages that allow people to promote and advertise their business. In addition to the general yellow pages that the phone companies give out, we can also use specialized directories that are targeted towards specific markets. There are even internet directories now that we can use for advertising our company.

With yellow page advertising we can have wide availability since nearly everyone will use the yellow pages at one time or another. It is a non-intrusive way of marketing. It is an action-oriented method of marketing since our audience will actually be looking for what we provide. Yellow page ads are reasonably inexpensive and our response can be easily tracked and measured. Finally, yellow page marketing offers increased frequency.

Up ‘n Up

Copyright Christopher Baxter

About the Author: To find the best home based business ideas and opportunities so you can work at home visit:

Stunning-Options.com

Source:

isnare.com

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isnare.com/?aid=212217&ca=Marketing

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Google plans free Internet phone service

Monday, January 24, 2005 Internet search king Google is preparing to provide free VoIP service — a technology that that makes it possible to have a telephone conversation over the internet. Existing technology will be marketed in the Google name, something which may make all the difference.

Sources suggest that Google may firstly introduce its telephony service to users in the United Kingdom, but the actual date when the service will launch and the exact details of the plan are as yet unknown.

Google is a California-based search engine whose mission “is to organize the world’s information and make it universally accessible and useful”. The largest search engine on the web, Google receives over 200 million queries each day through its various services.

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Blown for Good author discusses life inside international headquarters of Scientology

Friday, November 13, 2009

Wikinews interviewed author Marc Headley about his new book Blown for Good, and asked him about life inside the international headquarters of Scientology known as “Gold Base“, located in Gilman Hot Springs near Hemet, California. Headley joined the organization at age seven when his mother became a member, and worked at Scientology’s international management headquarters for several years before leaving in 2005.

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Utah legalizes homebrewing

Sunday, March 29, 2009

The United States state of Utah has legalized homebrewing of beer and wine.

H.B. 51, “Exemption for Alcoholic Beverage Manufacturing License”, was signed into law by Utah governor Jon M. Huntsman, Jr. on March 24 after being passed by large majorities in both houses of the State Legislature. The bill was introduced by Salt Lake City representative Christine A. Johnson (D-25th district) and will take effect on May 12.

The act modifies existing Utah law to give an exemption to the state’s requirement of a brewing license for amateur brewers, as long as the beer or wine they produce is not for sale and the amount produced is less than 100 US gallons (379 liters) per year for an individual or 200 US gallons (757 liters) for a couple. The unlicensed distillation of spirits remains illegal in the United States under federal law.

Although prohibition of alcohol in the United States ended in 1933 and the homebrewing of beer has been legal at a federal level since 1978, many US states, counties and cities restrict the production, sale and consumption of alcoholic beverages more tightly than is done at the federal level. With the passage of Utah’s legislation, four US states still forbid homebrewing: Kentucky, Alabama, Mississippi and Oklahoma.

The legislation was introduced largely through the work of University of Utah law student Douglas Wawrzynski. AHA director Gary Glass was also closely involved with Rep Johnson in drafting the bill’s language. Wawrzynski told Wikinews about what led him to initiate a campaign to change the law:

I moved to Utah from Connecticut in 2005 and started into the hobby [of homebrewing] shortly thereafter. There are multiple homebrew shops that have been operating legally in Utah for several years, so it wasn’t until after I started law school in the fall of 2007 that someone suggested to me that the hobby might not be legal in Utah. After having done some research and contacting the American Homebrewers Association, I began to understand the current ambiguity of the law and how it could certainly be interpreted to adversely affect homebrewers. In fact in 2005 the city of South Salt Lake had taken steps to affirmatively enact penalties for engaging in homebrewing. While that effort was ultimately abandoned it illustrated just how the current state of the law could have a negative impact on homebrewers.

Home-brewing is a healthy and vibrant hobby in Utah

Despite the restrictions, according to the American Homebrewers Association (AHA), some seven thousand people in Utah were illegally taking part in the hobby, which has 750,000 adherents nationwide. Rep Johnson said “home-brewing is a healthy and vibrant hobby in Utah” and thanked the AHA for “thorough education, great committee testimony and association members who flooded elected officials with emails of support.”

The bill passes on Rep Johnson’s second attempt to introduce it. As H.B. 425, the act was introduced late in the Utah legislature’s 2008 session, where it did not reach a Utah Senate vote. Ms Johnson’s legislative work has primarily concerned equality and human rights in Utah, including a successful attempt to add a voluntary amount to the marriage license fee in order to fund shelters for victims of domestic violence and a failed attempt to introduce language banning discrimination on the basis of sexual orientation or gender identity into Utah state law.

I’m not comfortable with home brewing. It seems fraught with mischief to me

Opposition to the bill, meanwhile, was sporadic and reflected, in Wawrzynski’s view, bad understanding of homebrewing rather than hostility toward the hobby:

In each of the several committee meetings this bill went through, the bill was met with challenging and sometimes bizarre questions regarding its impact and what this would enable people to do. One Senator, Senator Lilenquist [State Sen. Dan Liljenquist, R-23rd district] even inquired if this bill would make it legal for someone to put beer in a baby bottle and give it to a one year old.

Ronda Rudd Menlove, a Republican representing the 1st district, says her primary concern in voting against the bill was the potential for alcohol to affect children:

When the vote was taken on HB 51, I had a constituent sitting by me, a young high school student. I briefly explained the bill to him during the debate and then asked him how he would vote on the bill and why. This is what he told me. He said that he was concerned that young people would have greater access to alcohol because alcohol would be brewed in homes resulting in great accessibility for youth living in those homes. This concerned him greatly as a member of a local youth city council as well. He is concerned about the amount of under-age drinking in his community and believed that greater access to alcohol could cause an increase in under-age drinking in Utah….

My secondary reason for voting against the bill is that I am adamantly opposed to the excess use and abuse of alcohol. I am opposed to any use of alcohol by pregnant mothers. As a secondary level teacher and high school administrator, I worked with troubled youth and special education populations. I have struggled with young people who live with the effects of Fetal Alcohol Syndrome. If you want to be very depressed, read about the lifelong effects of FAS. This syndrome affects learning and behavior that is often erratic and unpredictable. Most of the students with FAS fail miserably in school and find little success in school, jobs, or life. This is a very serious problem related to alcohol use and one that affects the innocent fetus and not the perpetrator of this action.

Utah has quirky alcohol laws. The overarching goal of preventing under-age drinking and the abuse of alcohol has created these laws. The intention is admirable and one that I support. How to achieve these goals is challenging and has resulted in laws that may seem strange to others living outside of Utah. Utah’s Governor and Legislature has struggled with this and recently passed legislation revamping these laws. I voted against those changes due to the fact that little information was provided about the impact of the changes.

Kraig Powell (54th district), a Duchesne County Republican, the other representative to vote against the bill in its final form, said he did so because a constituent was “concerned about increased access to alcohol and drunk driving dangers”. Meanwhile, Senate Majority Assistant Whip Gregory Bell (R-22nd district), said to the Deseret News: “I’m not comfortable with home brewing. It seems fraught with mischief to me.”

Relax, stop worrying, and have a legal homebrew

Wawrzynski believes that education and understanding from the community were critical in the passage of the bill.

[T]hrough the efforts, emails and testimony of people like Representative Johnson and Gary Glass, and most importantly, from Utah homebrewers themselves, we changed minds through education. In fact, the Chairman of the Senate Business and Labor Committee, Senator Valentine (R-14th district) openly admitted on the record that he had been compelled to change his vote to a favorable one after hearing compelling testimony from member of the Utah community.

I think that as the state of Utah continues to grow in diversity, the community will become enriched with a wide array of backgrounds and opinions. As this happens we will have an opportunity to develop a greater understanding of our own neighbors and how differences in lifestyle can ultimately be respected and embraced.

Paralleling a common motto of the homebrewing community, Wawrzynski proclaimed on passage of the bill: “Utah homebrewers are finally free to relax, stop worrying, and have a legal homebrew”.

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Historic manuscript “The Housebook” reported sold in Germany

Thursday, February 14, 2008

The German noble family of Waldburg-Wolfegg has sold the manuscript known as the The Housebook to an unknown buyer. There is speculation in the German press that it was purchased by Baron August von Finck who currently resides in Switzerland, and that the price paid was €20 million.

It is unclear whether the purchase is in fact legally valid because the manuscript was sold without the permission of the government of Tübingen required by the law of fideikommiss dissolution (similar to the common law institution Fee tail). German law forbids the export of such a precious manuscript, which is registered in the list of national cultural property.

The Housebook of Wolfegg is an illustrated manuscript that was created after 1480 by an unidentified artist known as the “Master of the Housebook” (or Master of the Amsterdam Cabinet) and possibly other artists. It was exhibited at the National Gallery of Art in the United States in 1998.

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