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Hairdressing Industry And Its Governing Bodies

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Hairdressing Industry and Its Governing Bodies

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The hairdressing industry as various governing bodies intended to protect the client and the hair salon

[youtube]http://www.youtube.com/watch?v=xOMnnUsieA8[/youtube]

NHF National Hairdressers’ Federation (NHF) provides salon members with help and information for the hair industry currently has over 6,000 members, which includes small and medium salons that include hair and beauty salons, and Independent Chair Renters. The NHF works on behalf of its members to raise the professionalism and commitment to the hair and beauty industry. Members have access to a range of benefits, including services, products, advice and information that help them to develop their business, including access to a free legal helpline, salon insurance, discounted rates on PPL Licences. It helps its member through representation legal and employement advice. If a salon displays it’s a member of the NHF this does mean it better than another salon down the road. Although it should be noted that the hair salon itself takes its business and contractual arrangements seriously. AHT Association of Hairdressers and Therapists, founded in 1963 by a group of hairdressing teachers as a like minded national network of specialists who exchange good practice and support. This organisations members are more made up from the educational sector of hairdressing. Ranging from lecturers, teachers and assessors who hold relevent teaching qualifications or are working toward achieving those qualifications. The AHT holds National Training initatives, events and specialist demonstrations across its network. HABIA In 1986, the Hairdressing Training Board (HTB) was formed with the objective of working with employers, educators and government to design and implement training and education programmes for the hairdressing industry. Habia is the government appointed standards setting body for hair, beauty, nails, spa therapy, barbering and African type hair, and creates the standards that form the basis of all qualifications including NVQs, SVQs, Apprenticeships, Diplomas and Foundation degrees, as well as industry codes of practice. In 1997, HTB, HTB Scotland, and the Beauty Industry Authority (BIA) formed the Hairdressing and Beauty Industry Authority (HABIA) to include the beauty therapy industry within its remit. Habia was formally launched by Dr Kim Howells, then Minister for Lifelong Learning, at that year’s Salon International exhibition. By 2001, the organisation was being referred to by its initials, HABIA, and by the end of 2004 the decision was made to officially make the company name Habia. By this time, nail services and spa therapy had been added to Habia’s remit. Habia was officially recognised by the government as a National Training Organisation (NTO) until these were abolished in 2001. Currently, Habia is recognised by the government as the Standards Setting Body for the hair, beauty, nails and spa sectors (including barbering and African Caribbean hair). The core responsibilities for Standards Setting Bodies include sector research and information, national occupational standards, qualifications strategy and learning frameworks. A central point of contact for information, Habia provides guidance on careers, business development, legislation, salon safety and equal opportunities, and is responsible to government on industry issues such as education and skills. Habia raises the profile of its industries through the press and media, and is the first port of call for news organisations and broadcasters on news items and background information. Habia also delivers solutions direct to: salons to help them understand complex legislation such as health & safety and employment law, improve client retention and raise business performance; employees to gain the skills that employers need to stay up to date with client demand and the latest techniques, equipment and products, as well as where to go to access learning and suitable qualifications; trainers – to deliver qualifications with training support manuals, and to create successful teaching programmes including induction and initial assessment; learners – by offering books and teaching guides directly related to their studies, and by providing advice on career paths and qualifications. HABIA is very similar to the NHF in its support for salons and individuals. The Future For Hair Associations State registration is looking like a possible requirement for hair salons moving forward to promote best practice and tidy up the industry

Clare Oakwood is a Hair Salon Owner/Stylist at a

Hair Salon Bradford

for Over 5 Years. Please feel free to use theis Article on Your Website or Blog. This resource box must remain with the article at all times

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Hairdressing Industry and Its Governing Bodies

  • 23 Dec, 2021
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U.K. doctors successfully transplant a beating heart

Monday, June 5, 2006

British doctors have successfully transplanted a beating heart into the chest of a 58-year old man, the first operation of its kind in the United Kingdom.

The “trial” surgery was performed at Papworth Hospital just outside of London, England in Cambridge. The operation could be “equivalent if not superior” to the current transplanting methods, doctors said. The method has only been performed two other times, in Germany.

Usually hearts would be injected with potassium, which stopped the heart from beating, after which it would be covered with ice. This put the heart in “suspended animation” but gave doctors only a six-hour window to examine and transplant, doctors said.

“Normally the heart is in suspended animation but they still start to deteriorate,” said Professor Bruce Rosengard, head of the team of doctors who operated on the man.

The new method involves connecting the heart to a machine that pumps warm, oxygen enriched blood through the heart. The heart is able to keep beating with this method. The new process allows surgeons to look more closely and longer at the heart for any signs of damage. It also allows them to find a match for whoever may need it.

“Once hearts are hooked up to the device, which takes about 20 minutes, any deterioration is fully reversed. If we look at resuscitating hearts that are currently unusable, the number of transplants could be tripled or quadrupled,” added Rosengard. “The goal of this trial is to demonstrate that this is at least equivalent if not superior,” he added.

The director of transplants in the United Kingdom Chris Rudge also says that doctors are working on using the same new method with different human organs.

“In the longer term it is not just hearts that can be handled by such systems but other organs too, particularly the liver,” said Rudge.

The 58-year old man is doing “extremely well. At his exam one week after the operation, all his functions were absolutely normal,” Rosengard said.

At least 19 more operations are planned in the U.K. and in Germany.

Retrieved from “https://en.wikinews.org/w/index.php?title=U.K._doctors_successfully_transplant_a_beating_heart&oldid=2583725”
  • 22 Dec, 2021
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School bus crash kills one student in Georgia, US

Monday, October 4, 2010

A school bus, with fourteen students from the Temple High School aboard, crashed in Georgia, United States, earlier today on Georgia State Route 113 going southbound, killing one student and leaving a dozen more injured. It is reported that at the time of the crash there was a trainee driving the bus.

According to the Carroll County Schools Superintendent, one student was killed and a dozen others were in need of medical care after the bus rolled over. A spokesman for the mayor and a highway patrolman also confirmed that a student died. The student has been identified as James Rashawn Walker of Temple, Georgia. It is reported that the bus was heading southbound on the highway when the driver lost control and drove into a ditch, which caused the bus to turn over.

Witnesses reported the bus flipped multiple times before coming to a halt. According to a witness, Ben Cole, a lot of the students were crying and in pain. The six injured were taken to the Tanner Medical Center and the Higgins Hospital, among them was the 45-year-old female bus driver. The Carrol County Sheriff’s Department are advising concerned parents to gather at Temple High School.

Retrieved from “https://en.wikinews.org/w/index.php?title=School_bus_crash_kills_one_student_in_Georgia,_US&oldid=1676856”
  • 22 Dec, 2021
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Judge orders residents and city to come to agreement on partially collapsed building in Buffalo, New York

Thursday, June 19, 2008

Buffalo, New York —Judge Justice Christopher Burns of the New York State Supreme Court has ordered a halt to an emergency demolition on a 19th century stable and livery on 428-430 Jersey Street in Buffalo, New York that partially collapsed on Wednesday June 11, initially causing at least 15 homes to be evacuated. At least two homes remain evacuated.

Burns orders that both the city and the group Save The Livery (www.savethelivery.com) have to come to an agreement on what to do with the building, and try to work out ways of saving at least some portions if it including the facade, side walls and a lift tower. Save The Livery is comprised of concerned area residents who have grown to love the building’s historic and unique character. On June 14, they won a temporary restraining order to stop demolition. The court ruled that the city was only allowed to remove material in immediate danger to residents and pedestrians, but stated that the demolition could only be performed with “hand tools.” The court also ordered that any rubble which had fallen into neighboring yards when the building collapsed, to be removed.

“It is in the interest of the city to have a safe environment–but also important to maintain a sense of historical preservation,” stated Burns in his ruling. Burns has given the sides until tomorrow (Friday June 20) to come to an agreement and has ordered both parties to return to court at 9:30 a.m. (eastern time) “sharp.” Activists of Save The Livery urge supporters of the stable to “fill the courtroom” to show “continued and ongoing support.” The hearing is scheduled to take place at 25 Delaware Avenue in the Supreme Court building, 3rd Floor, trial part 19.

Currently the building is owned by Bob Freudenheim who has several building violations against him because of the buildings poor condition. He has received at least five violations in three months and residents who live near the building state that Freudenheim should be “100% responsible” for his actions. Many are afraid that if the building is demolished, Freudenheim’s charges of neglect will be abolished.

On June 17, developer and CEO of Savarino Companies, Sam Savarino was at the site of the stable, discussing the building with residents and preservationists. In 2006, Savarino proposed and planned The Elmwood Village Hotel, a ‘botique’ hotel on the Southeast corner of Elmwood and Forest Avenues. The project was later withdrawn after residents filed a lawsuit against Savarino and the city. Wikinews extensively covered the story, and contacted Savarino for his professional opinion on the building.

“[I would] love to see it preserved. I was there to see if there was anything we could do to help, to see if anything can be salvaged. I just want to see the right thing happen, and so does the city,” stated Savarino to Wikinews who added that he was allowed inside the building for a brief period.

“The side walls are beyond repair. The roof has rotted and it could come down at any time,” added Savarino who also said that the building “below the second floor appears to be stable.” He also states that the back wall of the building, which borders several homes, appears to be intact.

“Eliminating the back wall could be a problem for the neighbors. It is not unreasonable to leave at least 12 feet” of the back wall standing, added Savarino.

Savarino did not say if he was interested in buying the property, but did state, “I am sure there are a couple of people interested” in buying the property. On Thursday, Buffalo News reported that a “businessman” might be interested in purchasing the property, though Wikinews is not able to independently confirm the report. Savarino says that with the property still slated for emergency demolition, a potential buyer could face tax fees of nearly US$300,000.

Freudenheim gave the city permission to demolish the building on Thursday June 12 during an emergency Preservation Board meeting, because he would not be “rehabilitating the building anytime soon.” Freudenheim, along with his wife Nina, were part-owners of the Hotel Lenox at 140 North Street in Buffalo and were advocates to stop the Elmwood Village Hotel. They also financially supported a lawsuit in an attempt to stop the hotel from being built. Though it is not known exactly how long Freudenheim has owned the stable, Wikinews has learned that he was the owner while fighting to stop the hotel from being built. Residents say that he has been the owner for at least 22 years.

The building was first owned by a company called White Bros. and was used as a stable for a farm which once covered the land around the building for several blocks. The Buffalo Fire Department believes the building was built around 1814, while the city property database states it was built in 1870. Servants and workers of the farm were housed inside resident quarters situated at the rear of the building on what is now Summer Street, but are now cottages where area residents currently reside. Some date as far back as 1829.

At about 1950, the stable was converted into an automobile body shop and gasoline station.A property record search showed that in 1950 at least four fuel storage tanks were installed on the property. Two are listed as 550 square feet while the other two are 2,000 square feet. All of the tanks are designated as a TK4, which New York State says is used for “below ground horizontal bulk fuel storage.” The cost of installing a tank of that nature according to the state, at that time, included the tank itself, “excavation and backfill,” but did not include “the piping, ballast, or hold-down slab orring.” It is not known if the tanks are still on the property, but residents are concerned the city was not taking the precautions to find out.

Retrieved from “https://en.wikinews.org/w/index.php?title=Judge_orders_residents_and_city_to_come_to_agreement_on_partially_collapsed_building_in_Buffalo,_New_York&oldid=4259021”
  • 22 Dec, 2021
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Steak Grades And Cuts, How To Know What To Buy

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Before you put the first tender morsel of grilled steak into your mouth remember, it all starts with good raw meat. The issue is, how do you tell a good piece of meat from a bad piece?

A steak restaurant in Lindale TX does not have the same problem as the typical householder has, they buy steak day in and day out and they know a good piece from a bad piece intuitively. Most domestic purchases are made at the local supermarket or corner butcher where the consumer is faced with row upon row of steaks.

[youtube]http://www.youtube.com/watch?v=DqE4siaGG-s[/youtube]

There are two things that determine the quality of a steak, the grade and the cut. The grade refers to the meats quality based on its aging and marbling, the cut is what most people look for when selecting meat for the grill.

Steak grades:

Steaks are graded more often than not by a government agency; the USDA is what it’s called in the USA. The animal’s age and the marbling of the meat are what are used to determine the grade. Beef, when graded, is not done piece by piece, the entire carcass is graded as one so there may be some minor variances when it comes to the individual cut of meat. The grades in the USA are prime, choice and select. Prime is the best of the best and select is the bottom grade. Most meat graded select never end up in a steak restaurant in Lindale TX; they end up as processed meat products.

Cuts classified as prime are very much in the minority, perhaps as little as 2% of the beef is graded prime. This meat either ends up in the best restaurants here or in the best restaurants abroad. The majority of meat that is on the shelf is USDA choice.

The amount of marbling is a prime factor in meat selection. The less marbling the more tender the met usually is but it lacks in flavor. Small streaks of fat running through the meat are desirable as it gives a more flavorful steak. It is a balancing act that needs to be done and a steak restaurant in Lindale TX is ideally placed to make this choice.

Steak Cuts:

Steak cuts can be segregated into three basics. The upper back to mid back gives the rib steak, the short loin and the sirloin. The rib gives rib roast, rib eye and back ribs, the short loin give the T-Bone, top loin, tenderloin and porterhouse. From the sirloin the butcher gets the sirloin steak and the top sirloin. New York cut, a popular steak comes from the T-Bone portion.

To experience all the best steak cuts at a steak restaurant in Lindale, TX, visit Jakes Tyler. Located in the historic district of downtown Tyler, Jakes bring you the best of the best, all served in a wonderful atmosphere.

  • 22 Dec, 2021
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Big 12 names players, coach of the year

Tuesday, March 7, 2006

After this weekend, Texas can celebrate not only bringing home the Big 12 Conference trophy but also having the All-Big 12 Player of the Year, P.J. Tucker, and the first recipient of the Defensive Player of the Year award, LaMarcus Aldridge.

Rival Kansas, who tied with Texas for the No. 1 slot in the conference but was denied the trophy, had coach Bill Self named Coach of the Year and Brandon Rush named Freshman of the Year. Michael Neal of Oklahoma was named Newcomer of the Year.

The All-Big 12 awards are selected by the league’s head coaches, who are not allowed to vote for their own players.

Tucker, a unanimous All-Big 12 First Team choice, is the first Longhorn to earn Big 12 Player of the Year recognition. He leads the team and ranks sixth overall in the conference in scoring (16.1), while leading the league in rebounding (9.0). He is also fourth in field goal percentage with a .531 mark. He has led UT in scoring seven times in league play and is second in the Big 12 overall with 10 double-doubles.

Aldridge wins the first defensive honor awarded by the Big 12. He is first in the Big 12 with 59 blocks overall, including 27 in conference games. He has 81 defensive rebounds in 2005-06, ranking third in the league. Aldridge can score as well, leading the Big 12 with 13 double-doubles.

Neal is the second-straight Sooner and fourth overall to win Newcomer of the Year. One of the top long-range threats in the Big 12, the junior college transfer ranks first in conference games in 3-point field goal percentage (.495) and 3-point field goals per game (3.86). He is also averaging a team-best 14.8 points in league action. He has shot 50.0 percent or better from beyond the arc 11 times this season.

Rush is the first freshman in conference history to be named to the All-Big 12 First Team. The top scoring freshman in the conference with 15.1 points per game, Rush also ranks seventh with a 6.6 rebounding average. He is the fourth KU player to surpass 400 points (408) in his freshman season. The native of Kansas City, Mo. is the second Jayhawk to win freshman accolades (Jeff Boschee, 1998-99).

Self wins his first Big 12 coaching honor and the third for a Jayhawk mentor. After returning just 21.2 percent of his scoring from a year ago, Self guided KU to a share of the Big 12 regular season championship, its sixth in league annals. Starting three freshmen and two sophomores, Kansas recorded its 18th straight season with at least 22 victories.

The All-Big 12 First, Second, Third and Honorable Mention teams were also announced, while conference coaches also selected All-Defensive and All-Rookie Teams for the first time.

Retrieved from “https://en.wikinews.org/w/index.php?title=Big_12_names_players,_coach_of_the_year&oldid=704899”
  • 20 Dec, 2021
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Components Of Hydraulic Pump

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Hydraulic pump basically and primarily consist of gear pumps, rotary vane pumps, screw pumps and peristaltic pumps. It depends upon the machinery that what kind of hydraulic pump it has in it! Most of the machineries have screw pumps, some have gear pumps. This particular piece of writing will be telling the readers regarding the details and information about the components of hydraulic pump. Starting with the gear pumps! The gear pumps mesh up and crush up the two gears causing the fluid movement. Those two gears are been meshed up in such a way that the fluid gets automatically started moving. Tooth gear pump has so far been considered as the simplest gear pump. It is made up of meshing gears; these gears are rotate in such a way that the fluid gets pulled off instantly. Gear pumps are made up of steel and they are enclosed in a sealed container. It also depends upon the kind of machinery that you are utilizing; different machinery might change the composition of the gear pumps. Moving towards the rotary vane pumps! They are more efficient and effective as compare to the gear pumps. Larger mechanical complexity is been involved in it that makes them highly efficient. It consist of a cylindrical rotor, fluid is present in that rotor. This cylindrical rotor also contain two wings, these two wings gets extended when the pressure is created. Next we have the screw pumps! These sorts of pumps follow the principle of Archimedes. With the help of casings, these pumps draw and pull the fluid towards their selves. They are made up of intermeshed screws. They consist of a metal housing that makes them to rotate. Fewer moving parts and accessories, low noise intensity is also one of the important traits of screw pumps. If we talk about their efficiency level, then it is quite and rather low as compared to the other pumps. Lastly, we have the peristaltic pumps! They are commonly used for those machineries that require low pressure. It consists of a rotor and a flexible, bendable tube. Through this tube, fluid gets moved and creates minimum amount of pressure. The rotor has wings; wings get squeezed whenever the fluid moves through that flexible tube. Studies have shown that now numerous kinds of hydraulic pumps are arriving in the market that creates and develops the pressure in a more enhanced and better way. Experts and technicians are of this belief that an individual should have considerable amount of information regarding working criterion and installation of hydraulic pumps. An individual should be having sufficient amount of knowledge so that he might be able to know that what kind of hydraulic pump his machinery need! Hence, from the above written piece of writing, details with regard to the components and parts of hydraulic pumps are quite and rather clear. Try to get a thorough and complete understanding about the hydraulic pumps, only then you will be able to better identify them.

  • 16 Dec, 2021
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Protesters rally for a second time against Buffalo, N.Y. hotel proposal

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “Old deeds threaten Buffalo, NY hotel development” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Sunday, March 26, 2006

Buffalo, New York —For the second weekend in a row, demonstrators protested the Elmwood Village Hotel proposal on the proposed site.

The Elmwood Village Hotel is a proposed hotel by Savarino Construction Services Corporation and is designed by architect Karl Frizlen of the Frizlen Group. It is to be placed on the corner of Elmwood and Forest Avenues in Buffalo and will require the demolition of at least five properties (1109-1121 Elmwood).

The proposal also required that all five properties, including 605 Forest, be rezoned to a “C-2” zone, or a “special development plan.” The rezoning was passed by Buffalo’s Common Council on March 21, 2006.

Russell Smith, owner of the Six Nation’s Gift Shop at 1121 Elmwood, also participated in the protest.

“I am a Native American and we opened a Native American gift shop and we are just brand new [and just] opened. Having started out a business for the first time, and it the only Native American shop in the city, and I do not see the use of any hotel, especially at this district. The Elmwood Strip is pretty well established. Some of these people have been here a long while you know and they’re [Savarino Construction] disrupting their livelihood,” said Smith to Wikinews.

When Smith was asked if he was going to be in any of the shops in the new hotel he replied, “we don’t have the option of getting into the hotel or any of the shops that are going to be there. We haven’t [had] any idea that they [Savarino] were even planning to tear these buildings down to put a hotel here until we had moved in. I think thats a little unfair.”

Former City of Buffalo Mayor Anthony Masiello was asked to sign the petition to stop the hotel when he walked by, but he declined saying, “I respect what you are doing, but I am for the hotel.”

Despite the cold weather, at least 45 people showed up to walk the picket line.

For the moment, no further protests have been scheduled, pending the final decision on the hotel proposal by the city’s Planning Board which meets Tuesday, March 28, 2006. The meeting begins at 8:00am and will be held in room 902 on the 9th floor of City Hall in downtown Buffalo.

On Saturday morning several individuals attended a meeting with a lawyer to see what could be done, if anything, about the proposal and about Hans Mobius, former Buffalo mayoral candidate and owner of the properties to be demolished at 1109-1121 Elmwood.

One of the attendees, Nancy Pollina, co-owner of Don Apparel with Patty Morris, stated that “there is a case” but that she is likely unable to afford the large attorney’s fees. Pollina reports that she is looking into a “legal fund.”

Some of the affected are considering going to the New York State Supreme Court pro se to seek an injunction.

Some tenants of Mobius’s buildings have accused him of being a “slumlord” and claim that he “intentionally neglected” his properties with the intention of selling. Mobius, who has owned the properties for about 20 years, tried in 1995 to sell them to a developer who wanted to build a Walgreens Drugstore on the same site as the proposed hotel.

Mobius is expected to appear in housing Court on April 11, 2006. He has not returned any phone calls from Wikinews.

Retrieved from “https://en.wikinews.org/w/index.php?title=Protesters_rally_for_a_second_time_against_Buffalo,_N.Y._hotel_proposal&oldid=1981802”
  • 15 Dec, 2021
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Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

Monday, January 12, 2009

Byrraju Ramalinga Raju, founder and chairman of Satyam Computer Services, and his brother, B. Rama Raju, the company’s managing director, were arrested late Friday by Andhra Pradesh police. The brothers were placed under judicial custody in a Hyderabad, India jail and will remain there until January 23. Facing charges of criminal breach of trust (Section 406 of IPC), criminal conspiracy (Section 120-B), cheating (Section 420), falsification of records and forgery (Section 468), and fraudulent cancellation of securities (Section 477-a), they face up to ten years imprisonment if convicted.

After 18 hours of interrogation by the Crime Investigation Department (CID) at the state police headquarters, the Raju brothers were sent to the Chanchalguda prison and slept Saturday night on the floor along with 26 other low-risk inmates.

S. Bharat Kumar, the Rajus’s lawyer, asked the magistrate to issue orders for health monitoring. “His blood pressure is fluctuating and he needs medical treatment,” said Bharat Kumar. Mr. Raju appeared before the court Saturday while a team of doctors visited him after he had complained of chest pain.

Raju has Hepatitis-C, and both brothers have high blood pressure, so health precautions are necessary while imprisoned. Prison rules mandate service of jail food thrice a day. The menu includes 650 gm of rice thrice a day with 250 gm of vegetable curry and 125 gm of ‘daal’ plus tea twice a day.

Satyam’s chief financial officer Vadlamani Srinivas, who was also arrested Saturday, had undergone preliminary investigation and appeared Sunday before a special court, according to A. Sivanarayana, Andhra Pradesh additional director general of police. Srinivas was remanded to judicial custody until January 23 by Mr. D. Ramakrishna, Sixth Chief Metropolitan Magistrate, and sent to the Chanchalguda jail with the Raju brothers after interrogation by CID’s Crime Branch (the CB-CID). During his Saturday night arrest and probe by CB-CID, Srinivas made revelations which are contained in his confession letter as submitted to Network 18. “According to me fixed deposits are unreal and fictitious which were managed and was an understanding between the audit section management,” Srinivas stated.

The Hyderabad court on Monday postponed the bail hearings of the Raju brothers and Srinivas to January 16. To be defended by a battalion of 25 lawyers, the three accused will remain in Chanchalguda Central Jail until further court order. The Raju brothers were shifted Sunday to a mid-size Old Hospital Barrack cell shared with a bootlegger.

Contents

  • 1 The offences
  • 2 About Satyam Computer Services
  • 3 Impact on Satyam Computer Services finances and reactions
  • 4 Related news
  • 5 Sister links
  • 6 Sources

In 2008, the company struggled to purchase two infrastructure companies founded by family members of company founder and CEO Dr. Raju – Maytas Infrastructure and Maytas Properties – for $1.6 billion, despite concerns raised by independent board directors. Dr. Raju tendered his resignation on January 7 after due notice of falsified accounts to board members and the SEBI.

Since January 7 when two lawsuits were commenced, dozens of other class action law suits were filed against Satyam for hundreds of millions of dollars damages based on fraud in the United States District Court for the Southern District of New York in Manhattan, among others. The securities fraud class-action lawsuits have been filed on behalf of investors who bought Satyam American Depositary Receipts (ADRs) since 2004.

On Wednesday Dr. Raju admitted to falsifying and overstating Satyam’s cash reserves by $1B US dollars (£661m) or 94% of its cash and bank balances on books at the end of September.

The fraud was perpetrated several years ago to bridge “a marginal gap” between actual and accounting books operating profits, and continued for several years. “It was like riding a tiger, not knowing how to get off without being eaten,” B. Raju said.

In a letter to the board, Dr. Raju said that neither he nor the managing director had benefited financially from the inflated revenues. Further claiming that none of the board members had any knowledge of the dire company situation, he noted that Satyam’s balance sheet as of the September 30, 2008, carried inflated figures for cash and bank balances of INR 5,040 crore (as against INR 5,361 crore reflected in the books). He alleged it also carried an accrued interest of INR 376 crore which was non-existent. He confessed that he himself prepared an understated liability of INR 1,230 crore on account of funds amid an overstated debtors’ position of INR 490 crore (as against INR 2,651 crore in the books).

Indian analysts have compared the Satyam-Raju scandal to the infamous American Enron scandal. Immediately following the media expose, PricewaterhouseCoopers, auditor of Satyam’s accounts, was set to be probed for complicity in the controversy. Times Now has reported that the Andhra Pradesh CID arrested PricewaterhouseCoopers (PWC) representative Gopal Krishnan for investigation on Saturday night.

New York-listed Satyam Computer Services Ltd., India’s fourth-biggest software firm, is a consulting and information technology services company based in Hyderabad, India. Founded in 1987 by Dr. Byrraju Ramalinga Raju, Satyam’s network spans 67 countries on six continents. It employs 53,000 professionals in India, the United States, the United Kingdom, the United Arab Emirates, Canada, Hungary, Singapore, Malaysia, China, Japan, Egypt and Australia. Its monthly salary outflow is estimated at six billion rupees ($125 million). Deriving more than half of its revenues from the United States, it serves 700 global companies, 185 of which are Fortune 500 corporations.

Satyam’s clients include Nestle, Ford, General Electric Co., General Motors Corp., Nissan Motor Co., Applied Materials Inc., Caterpillar Inc., Cisco Systems Inc. and Sony Corp., and brought in about $40bn last year.

In December 2008, a failed acquisition attempt involving the company Maytas led to a plunge in Satyam’s share price. After Wednesday’s confession, Satyam stocks fell further by more than 70%, while the BSE SENSEX dropped to 7.3% Wednesday, causing the removal of Satyam Computer Services from its indices on Thursday. The shares free fell to 11.50 rupees on Friday, their lowest level since March 1998, compared with around last year’s high of 544 rupees.

The New York Stock Exchange has terminated trading in Satyam stock as of January 7, while the National Stock Exchange of India said it will remove Satyam from its S&P CNX Nifty 50-share index from January 12.

India’s biggest-ever corporate fraud has seriously tainted India Inc.‘s strong corporate governance image. “The admission of fraud in financial affairs has created an adverse impression in the minds of trade, business and industry across the world,” the Indian government admitted. The government intervened on Friday night, dismissing Satyam’s board of directors, announcing it will appoint representatives to manage the affairs of the insolvent outsourcing giant. The board would meet within seven days. Dr Yeduguri Samuel Rajasekhara Reddy, chief Minister of State of Andhra Pradesh, India, on Sunday said that the main agenda is to protect the jobs of the software professionals. “We are taking all needful steps in coordination with the government of India to ensure that the jobs of 53,000 engineers are protected and the shareholders’ money is salvaged,” Reddy said.

“We are working on the names. The Satyam case is an aberration. The credibility of the Indian corporate sector in general, and IT sector in particular, should not be allowed to suffer because of this.” Prem Chand Gupta, the Corporate Affairs Minister said. The Federal Government of India appointed a three-member independent board with full authority for Satyam on Sunday and was set to convene within 24 hours. “We have appointed Deepak Parekh, chairman of Housing Development Finance Corporation, Kiran Karnik, former president of IT industry body NASSCOM and C. Achutan, former member of Securities and Exchange Board (SEBI) of India,” Mr. Gupta said.

In early Monday trading (0535 GMT) after the creation of the three-member board, Satyam shares rocketed upwards 60% to 38.15 rupees, even though the main Mumbai market was down more than 2%. BBC reported that Satyam shares have jumped 51% to 36.05 rupees on Monday after the stock lost 87% last week. “The constitution of the new board is seen as a positive step by the market. It’s a confidence boosting measure,” K.K. Mital, Globe Capital, New Delhi head of portfolio management services said. “But the rally will depend largely on the financial situation at the company and the kind of measures that are taken to improve liquidity,” he added.

The Company Law Board, however, has requested Satyam’s interim board not to implement its decisions. “We are asked by the Company Law Board not to implement the decisions of the board. But we are allowed to continue our activity. The team which was constituted recently is continuing its work,” Satyam head global marketing and communications, Mr. Hari Thalapalli, said.

Lazard Ltd., who has a 7.4% stake in Satyam, sought representation on the new board and wrote as much to The Indian Ministry of Corporate Affairs. “As the largest shareholder in the company, we want to be consulted in whatever decisions are being taken by the Indian government. We have written to the Ministry of Corporate Affairs and are awaiting a reply from them,” Hitesh Jain, a partner at ALMT Legal, who claimed to represent Lazard, said. “It is a fair proposal and we will take a decision as and when we clear other issues. No decision on this has been taken yet,” P.C. Gupta replied.

Meanwhile, the Securities and Exchange Board of India (SEBI) also announced it will try to control the damage and take steps to boost investor confidence. “This exercise will be undertaken after the third quarter results and is expected to be completed by end of February this year,” a SEBI official statement said. A SEBI team is also investigating acting-CEO Ram Mynampati whose salary was greater than that of founder Dr. Raju and all the directors combined. Dr. Raju had just one fifth of Mynampati’s total package of over Rs 3.5 crore as of March 2008. All the directors comparably received only a total of Rs 2.6 crore as salary, commissions, sitting fees, professional fees and other receivables.

Further, the Andhra Pradesh Police CID and teams assigned by the Economic Offences Wing of the CB-CID conducted searches Sunday of homes of the accused including the ex-CFO’s office to gather documentary evidence about the financial fraud.

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  • 15 Dec, 2021
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Cleveland, Ohio clinic performs US’s first face transplant

Thursday, December 18, 2008

A team of eight transplant surgeons in Cleveland Clinic in Ohio, USA, led by reconstructive surgeon Dr. Maria Siemionow, age 58, have successfully performed the first almost total face transplant in the US, and the fourth globally, on a woman so horribly disfigured due to trauma, that cost her an eye. Two weeks ago Dr. Siemionow, in a 23-hour marathon surgery, replaced 80 percent of her face, by transplanting or grafting bone, nerve, blood vessels, muscles and skin harvested from a female donor’s cadaver.

The Clinic surgeons, in Wednesday’s news conference, described the details of the transplant but upon request, the team did not publish her name, age and cause of injury nor the donor’s identity. The patient’s family desired the reason for her transplant to remain confidential. The Los Angeles Times reported that the patient “had no upper jaw, nose, cheeks or lower eyelids and was unable to eat, talk, smile, smell or breathe on her own.” The clinic’s dermatology and plastic surgery chair, Francis Papay, described the nine hours phase of the procedure: “We transferred the skin, all the facial muscles in the upper face and mid-face, the upper lip, all of the nose, most of the sinuses around the nose, the upper jaw including the teeth, the facial nerve.” Thereafter, another team spent three hours sewing the woman’s blood vessels to that of the donor’s face to restore blood circulation, making the graft a success.

The New York Times reported that “three partial face transplants have been performed since 2005, two in France and one in China, all using facial tissue from a dead donor with permission from their families.” “Only the forehead, upper eyelids, lower lip, lower teeth and jaw are hers, the rest of her face comes from a cadaver; she could not eat on her own or breathe without a hole in her windpipe. About 77 square inches of tissue were transplanted from the donor,” it further described the details of the medical marvel. The patient, however, must take lifetime immunosuppressive drugs, also called antirejection drugs, which do not guarantee success. The transplant team said that in case of failure, it would replace the part with a skin graft taken from her own body.

Dr. Bohdan Pomahac, a Brigham and Women’s Hospital surgeon praised the recent medical development. “There are patients who can benefit tremendously from this. It’s great that it happened,” he said.

Leading bioethicist Arthur Caplan of the University of Pennsylvania withheld judgment on the Cleveland transplant amid grave concerns on the post-operation results. “The biggest ethical problem is dealing with failure — if your face rejects. It would be a living hell. If your face is falling off and you can’t eat and you can’t breathe and you’re suffering in a terrible manner that can’t be reversed, you need to put on the table assistance in dying. There are patients who can benefit tremendously from this. It’s great that it happened,” he said.

Dr Alex Clarke, of the Royal Free Hospital had praised the Clinic for its contribution to medicine. “It is a real step forward for people who have severe disfigurement and this operation has been done by a team who have really prepared and worked towards this for a number of years. These transplants have proven that the technical difficulties can be overcome and psychologically the patients are doing well. They have all have reacted positively and have begun to do things they were not able to before. All the things people thought were barriers to this kind of operations have been overcome,” she said.

The first partial face transplant surgery on a living human was performed on Isabelle Dinoire on November 27 2005, when she was 38, by Professor Bernard Devauchelle, assisted by Professor Jean-Michel Dubernard in Amiens, France. Her Labrador dog mauled her in May 2005. A triangle of face tissue including the nose and mouth was taken from a brain-dead female donor and grafted onto the patient. Scientists elsewhere have performed scalp and ear transplants. However, the claim is the first for a mouth and nose transplant. Experts say the mouth and nose are the most difficult parts of the face to transplant.

In 2004, the same Cleveland Clinic, became the first institution to approve this surgery and test it on cadavers. In October 2006, surgeon Peter Butler at London‘s Royal Free Hospital in the UK was given permission by the NHS ethics board to carry out a full face transplant. His team will select four adult patients (children cannot be selected due to concerns over consent), with operations being carried out at six month intervals. In March 2008, the treatment of 30-year-old neurofibromatosis victim Pascal Coler of France ended after having received what his doctors call the worlds first successful full face transplant.

Ethical concerns, psychological impact, problems relating to immunosuppression and consequences of technical failure have prevented teams from performing face transplant operations in the past, even though it has been technically possible to carry out such procedures for years.

Mr Iain Hutchison, of Barts and the London Hospital, warned of several problems with face transplants, such as blood vessels in the donated tissue clotting and immunosuppressants failing or increasing the patient’s risk of cancer. He also pointed out ethical issues with the fact that the procedure requires a “beating heart donor”. The transplant is carried out while the donor is brain dead, but still alive by use of a ventilator.

According to Stephen Wigmore, chair of British Transplantation Society’s ethics committee, it is unknown to what extent facial expressions will function in the long term. He said that it is not certain whether a patient could be left worse off in the case of a face transplant failing.

Mr Michael Earley, a member of the Royal College of Surgeon‘s facial transplantation working party, commented that if successful, the transplant would be “a major breakthrough in facial reconstruction” and “a major step forward for the facially disfigured.”

In Wednesday’s conference, Siemionow said “we know that there are so many patients there in their homes where they are hiding from society because they are afraid to walk to the grocery stores, they are afraid to go the the street.” “Our patient was called names and was humiliated. We very much hope that for this very special group of patients there is a hope that someday they will be able to go comfortably from their houses and enjoy the things we take for granted,” she added.

In response to the medical breakthrough, a British medical group led by Royal Free Hospital’s lead surgeon Dr Peter Butler, said they will finish the world’s first full face transplant within a year. “We hope to make an announcement about a full-face operation in the next 12 months. This latest operation shows how facial transplantation can help a particular group of the most severely facially injured people. These are people who would otherwise live a terrible twilight life, shut away from public gaze,” he said.

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  • 13 Dec, 2021
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