| Asbestos: Armley's Mesothelioma sufferers offered 17% of due ...
Asbestos victims who suffered from the deadly asbestos cancer mesothelioma though working in or proximity to a Leeds factory will receive just 17p in the pound of compensation awarded by the courts if they accept a "final" settlement from the factory's owners. The J W Roberts factory in Armley spewed out deadly asbestos dust for decades before closing in 1958 with the dust affected not only hundreds of workers, but also their families and people who lived around the site. Hundreds of victims contracted asbestos-linked lung cancer mesothelioma, creating what came to be known as the Armley asbestos tragedy after the Yorkshire Evening Post exposed the scandal in the late 1980s. Mesothelioma is incurable and victims usually die within three years of diagnosis. A ground-breaking court action against the factory's US owners, Turner Newall, by Leeds cancer victim June Hancock in the 1990s resulted in a compensation award which was seen as a precedent for hundreds of victims.
Renouned Economist Louis Winnick Dead
Louis Winnick, an economist who helped guide the investments of the Ford Foundation and promoted low-income home ownership, has died. He was 85. Winnick died Saturday at a hospice in Manhasset, on Long Island. The cause of death was mesothelioma, a type of lung cancer that his daughter Pamela Winnick attributed to exposure to asbestos when he worked in the Brooklyn Navy Yard during World War II. Winnick was born in Romania and came to Brooklyn when he was one year old. He graduated from Brooklyn College and earned graduate degrees in economics at Columbia University. He worked for the New York City Planning Commission and the Housing and Redevelopment Board before joining the Ford Foundation in 1962. He served as deputy vice president in the national affairs division from 1968 to 1986. Winnick played a major role in the foundation's effort to channel resources into housing, community renewal and minority enterprise following the turbulence of the late 1960s.
Puzzling actions surround Hardie asbestos debacle
WINSTON Churchill described Russia as a riddle wrapped in a mystery inside an enigma, which can also be applied to the developing debacle around the latest attempt to coax money from James Hardie for the victims of asbestos poisoning. The riddle is the Australian Tax Office's ruling that the new entity set up by James Hardie working title: Special Purpose Fund is not a charity, thereby threatening the December deal to keep money flowing to asbestos victims. The mystery is why this fund had to be set up. Why not use the existing charity, the Medical Research and Compensation Foundation, which has been channelling compensation to James Hardie's victims? And the enigma is: why do investors think James Hardie's liability to its victims has been capped and are optimistically bidding up its share price? It has not been capped; the liability each year is limited to 35 per cent of cash flow, but the time for paying it is open-ended, and on one assessment the potential future claims are equal to the company's entire intrinsic value.
Mesothelioma Guide
Mesothelioma-Healing.com is a site designed for those who are afflicted and those whos loved one may be diagnosed with mesothelioma. The aim is to provide information that will best help someone help the one who is diagnosed with this deadly disease. Mesothelioma is a fatal cancer disease, it is best to know and understand what it is so that you may better act upon it. Ignorance is an obstacle to actions. This site provides sections that are designed to provide you with up to date information on mesothelioma. Mesothelioma-Healing also has sections that discusses the relationship between mesothelioma and asbestos and current research on mesothelioma. This website also provides legal information that helps those who may be seeking compensation and reimbursement of expensive medical expenses that may go along with mesothelioma.
Puzzling actions surround Hardie asbestos debacle
WINSTON Churchill described Russia as a riddle wrapped in a mystery inside an enigma, which can also be applied to the developing debacle around the latest attempt to coax money from James Hardie for the victims of asbestos poisoning. The riddle is the Australian Tax Office's ruling that the new entity set up by James Hardie working title: Special Purpose Fund is not a charity, thereby threatening the December deal to keep money flowing to asbestos victims. The mystery is why this fund had to be set up. Why not use the existing charity, the Medical Research and Compensation Foundation, which has been channelling compensation to James Hardie's victims? And the enigma is: why do investors think James Hardie's liability to its victims has been capped and are optimistically bidding up its share price? It has not been capped; the liability each year is limited to 35 per cent of cash flow, but the time for paying it is open-ended, and on one assessment the potential future claims are equal to the company's entire intrinsic value.
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