>>> turkish airline jet struck by lightning. the strike caused the plane to catch fire and flames can be seen shooting past the passengers' windows as the cabin lig lights flickered on and off. the fire could even be spotted from the ground. the plane landed safely, fortunately. no one on board was hurt.
Source: http://video.today.msnbc.msn.com/today/50613682/
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Helicopter rescue crews try to reach hundreds of people trapped by rising floodwaters in the Australian state of Queensland after a cyclone and heavy rains. [BBC]
Enbridge takes issue with an Environmental Protection Agency proposal that it dredge 80 to 100 acres of the Kalamazoo River bed in Michigan to remove contamination from a 2010 oil spill from one of the company?s pipelines. [InsideClimate News]
Oil spills into the Mississippi River after two oil barges hit a bridge near Vicksburg, Miss. The Coast Guard says the source of the spill has been contained. [The Los Angeles Times]
Facing criticism over not rescuing a dolphin that swam up New York City?s toxic Gowanus Canal, the leader of a marine mammal rescue group says the animal?s best chance of survival lay in the group?s not intervening. The dolphin died Friday evening, about four hours after the group, the Riverhead Foundation, arrived at the scene. [The New York Times]
To the dismay of park officials, the swelling numbers of elk in the Grand Canyon seem to have lost their fear of humans. [Associated Press]
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In this position, you will be responsible for administrative support for Tax Services. This includes scheduling appointments, giving information to callers; typing memos, transcribing notes, and researching and developing presentations. This position is also responsible for coordinating and executing tax processing procedures, This includes, but is not limited to: collating, assembly, scanning and monitoring tax control logs and reports. This is an opportunity to work with a dynamic group of motivated professionals at various levels and an excellent opportunity to showcase your strong technical and customer service skills. Qualified candidates will possess the following: - 1 - 3 years relevant administrative assistant experience - Previous experience in a tax environment a plus, but not required - Intermediate Microsoft Office 2007 skills essential - Effective organization and time management skills - Seeks ways to improve efficiency - Ability to prepare presentations including charts, graphic and tables, speaker notes and handouts, etc. - Strong written and verbal communication skills - Experience utilizing office technical tools, including office scanners, printers, labeling machines and copiers - Demonstrates a working knowledge of the technical tools required within assigned responsibilities - Ability to manage multiple tasks and shift priorities as necessary to meet deadlines - Flexible demeanor, pro-active thinker, positive attitude, maintains confidentiality - Ability to take direction, follow procedures, and ask appropriate questions - Can complete tasks independently as well as work collaboratively with the team - Ability to handle stress while operating with a sense of urgency and using good judgment Responsibilities - Provides administrative support to our Tax Services organization - Handle filing, archiving, correspondence, faxing, scanning, preparing and distributing documents, and photocopying - Process tax returns, extensions, estimates - Process tax organizers and arrangement letters - Maintain e-file and due date systems for tax returns - Process response letters to IRS and State Department of Revenue Taxpayer Notices - Calendar management, travel/event planning, meeting/conference arrangements (food, hotel, air) - Prepare and finalize proposals and documents with a strong working knowledge of formatting, merge documents, styles, section breaks, headers/footers, tables of contents and more in Microsoft Word - Create, update, and print handouts in Powerpoint - Create spreadsheets including formulas, charting and graphing data in Microsoft Excel - Edit PDF documents, including electronic signatures, typewriter and edit functions within PDF, custom electronic stamps, and virtual company letterhead - Assist partners to associates with putting in IT Service Tickets for computer software/hardware, copier and printer issues - Work with IT personnel on follow-up and resolution of IT Service Tickets - Maintain client information in
Source: http://designjobslive.com/751350/finance-tax-administrative-assistant-job-5.php
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DAVOS, Switzerland (AP) ? One economic expert at Davos says there's no rest for the weary: governments must not back off from making unpopular reforms that will help their economies grow faster.
Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development, says "we have to keep fighting, keep pedaling" to improve educational opportunities, labor laws and tax codes to promote long-term growth.
Central banks already have cut interest rates as much as they can and governments can't afford more stimulus spending as they try to reduce debts, Gurria told The Associated Press on Saturday at the World Economic Forum in Davos, Switzerland.
He said the key now was to focus on structural reforms that will make countries' economies and labor markets more competitive.
"This incipient, hesitant recovery needs to be consolidated," Gurria said. "We ran out of room on the monetary side, we've run out of room on the fiscal policy side, so what you need is to go structural. "
"You need to go for education, for innovation, for more competition, for tax structures that are conducive to investments and job creation, you need to go for flexibility in the labor markets, for flexibility in the product markets," he said. "These are the things that are going to keep you going long term."
The OECD is a group of 34 countries that seeks to promote global economic development. It is mostly made up of advanced economies such as the U.S., Britain, Germany and Japan, but also includes emerging economies like Chile, Mexico and Turkey.
Source: http://news.yahoo.com/oecd-chief-fight-complacency-fixing-economies-125808183--finance.html
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SINGAPORE/SEOUL (Reuters) - South Korea's Samsung Total Petrochemicals Co has revived a contract to buy Iranian oil after a year's hiatus, as thin margins in plastics make the cheap fuel from Iran hard to resist, people familiar with the deal said on Friday.
Stringent U.S. and European sanctions aimed at reducing Iran's oil income and forcing Tehran to curb its nuclear program have made shipping and paying for the oil hard, halving the Islamic Republic's crude exports.
The deal is a rare example of a buyer returning to the market for Iranian oil despite the obstacles arising from sanctions and efforts by Western powers to stem the flow.
After jarring interruptions in exports from Iran last year that included a halt in shipments to top consumers Japan and South Korea, importers have found ways to keep oil flowing without violating sanctions.
The allure of cheap oil and improved margins has made it worthwhile for the South Korean joint venture between two big international firms to find ways around difficulties.
The deal may save Samsung Total as much as $6.7 million in costs, according to Reuters calculations.
"The deal can be easily understood if you look at Samsung Total's financial situation," according to a government source in Seoul with direct knowledge of the matter.
The company is a joint venture between South Korea's Samsung Group and French energy giant Total.
Spokespeople at Total, Samsung Total and the Samsung Group declined to comment.
Samsung Total stopped importing oil from Iran last year as the U.S. and European Union imposed sanctions to halt a nuclear program the West suspects Iran may be using to develop arms. Tehran denies this. To comply with U.S. sanctions, importing countries are required to reduce purchases of Iranian oil.
Co-owner Total also stopped buying Iranian oil for its refineries to comply with EU sanctions last year.
Replacing the Iranian oil forced up Samsung Total's input costs, contributing to a fall in operating profits, sources said. Those profits fell 90 percent in the second-quarter of 2012, according to the company's regulatory filings. The company switched to more expensive Australian and Russian condensate last year, sources said.
Samsung Total had an annual contract to buy about 550,000 barrels a month of Kangan condensate until June last year, although it is unclear if it actually imported the full volume during the first half of 2012. The volume of the new contract is unclear.
JOSTLING FOR IMPORTS
Other South Korean refiners will have to import less to make way for Samsung Total's new contract if Seoul is to comply with U.S. sanctions.
To renew six-month exceptions to sanctions granted by Washington, buyers of Iran's oil have to show continuous import cuts. South Korea's waiver is next due for review in May.
The north Asia nation slashed crude purchases from Iran 36 percent to 153,405 barrels per day (bpd) in 2012. If Samsung Total starts buying a similar-sized cargo every month, South Korea's imports from the OPEC member may rise by 10,000 bpd.
Condensate imports were not included when South Korean and U.S. officials discussed cuts in Iranian crude imports, the South Korean government official said. For talks due in May, it is unclear whether Iranian condensates would be included in the crude import data or whether it would be counted separately.
"The U.S. side may raise the issue with us when they next meet for talks if they spot higher imports of Iranian condensate," the official said. "In the talks with the United States last December, we only talked about a cut in Iranian crude oil imports. Iranian condensate was not discussed."
Samsung Total kicked off imports from Iran by buying 30,000 tonnes, or 280,000 barrels, of Kangan condensate, which will be delivered in March to the petrochemical company's plant in Daesan, the sources said.
Condensate is a light oil usually processed in a unit called a splitter to produce naphtha, to make petrochemicals.
Samsung Total is looking to diversify supply sources to feed expanded facilities. It is adding a new 140,000 bpd condensate splitter, due to start in August 2014. The company operates a 1 million tonne per year (tpy) ethylene cracker, a 90,000 bpd splitter and other petrochemical units in Daesan.
KANGAN CONDENSATE
Kangan is usually priced $1 or $2 per barrel cheaper than one of the alternatives, which is condensate from Australia's North West Shelf (NWS), traders said. Without any additional discount, the price difference means the Kangan cargo for March cost anything between $280,000 and $560,000 less than NWS.
If Samsung Total buys a same-sized cargo as the one for March each month for a year, annual savings would be as much as $6.7 million.
The company's operating profits fell to 5.52 billion won ($5.16 million) in the second quarter of 2012 from 68.04 billion won a year earlier, the company said in a regulatory filing.
(Additional reporting by Michel Rose in Paris and Osamu Tsukimori in Tokyo; Editing by Manash Goswami, Simon Webb and Ed Davies)
Source: http://news.yahoo.com/exclusive-samsung-total-strikes-iran-oil-deal-lured-111525767.html
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