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Wikinews interviews Mike Lebowitz, Chairman of the Modern Whig Party

  • Posted on September 29, 2018 at 1:55 am

Monday, October 13, 2008

In the United States, there are two major political parties; the Republican and the Democratic. However, there are several other minor – commonly referred to as “third” – parties. One of these is the Modern Whig Party, which has been steadily increasing in popularity over recent months.

Last week, Wikinews reporter Joseph Ford was able to speak with MWP Chairman Mike Lebowitz about how his party was formed, what it stands for, and why you should consider joining. The interview can be read below.

Wikinews interviews Mike Lebowitz, Chairman of the Modern Whig Party
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Rodrigo Ortúzar announces plans to dramatize Chilean miners’ stories

  • Posted on September 29, 2018 at 1:24 am

Saturday, September 4, 2010

Chilean filmmaker Rodrigo Ortúzar, known for his film Mujeres Infieles, announced his plans to make a film about the Chilean miners trapped in the 2010 Copiapó mining accident.

After it was confirmed the miners were alive, Ortúzar started to work on the project. The movie is to be named Los 33 (English: The 33). “I said to one of my previous investors that if there was just one survivor, this would be a great movie, and well it wasn’t one but 33, something that generates the first disgrace or tragedy to have a happy ending,” Ortúzar told to Teletrece.

Ortúzar is already filming in Copiapó. This footage will be mixed with the dramatization. The movie is to be officially filmed in 2011, and will be released in theatres in 2012.

Rodrigo Ortúzar announces plans to dramatize Chilean miners’ stories
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Private helicopter crashes in UK

  • Posted on September 28, 2018 at 1:36 am

Wednesday, May 2, 2007

Police earlier released a statement reporting that a private helicopter carrying several people had vanished following the Champions League football semi-final between Liverpool and Chelsea at Anfield stadium.

The helicopter left Liverpool’s John Lennon Airport on Tuesday night at around 11pm, and was heading for a private landing site near Peterborough, Cambridgeshire when it vanished. It is believed to have left radar screens at around 12.30am.

A police spokeswoman said: “Details are sketchy at the moment. The helicopter, we believe, had about four or five people on board and was a twin-engine Twin Squirrel. It left John Lennon Airport in Liverpool at about 11pm and was on its way to a private address near Peterborough. It appears to have disappeared off the radar. At the moment we are trying to find out more. The best case scenario is that it has made an emergency landing somewhere.”

The wreckage of the helicopter was found in woodlands near Wansford, in Cambridgeshire. The pilot has been named as Stephen Holdich, co-owner of operating company Atlas Helicopters.

Also on board were Jonathan Waller and Phillip Carter, as well as other people yet to be named. It is believed one of the others on board was Mr Carter’s teenage son, Andrew. It has been released that the people found on board are deceased.

In 1996 Chelsea vice chairman Matthew Harding was killed when his helicopter, also a Twin Squirrel, crashed while returning from a match against Bolton Wanderers.

Private helicopter crashes in UK
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Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

  • Posted on September 28, 2018 at 1:22 am

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 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.

Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal
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Woman killed on amusement park ride in New York

  • Posted on September 27, 2018 at 1:40 am

Sunday, July 1, 2007

A young woman was killed Friday night after an accident occurred on a gyrating ride at the Playland amusement park in Rye, New York in the United States. The woman, Gabriela Garin, was a worker at the amusement park, and had worked there for the past seven years.

The accident occurred near the end of Garin’s shift; as she was loading riders onto the ride. The ride’s new operator, unaware of Garin’s presence, started the ride while Garin was still on it. The new operator then noticed Garin, and shut the ride down in 20 seconds, but Garin had already been ejected from the ride and killed, according to a park spokesperson.

The ride is an attraction that spins people around in two-seat cars, inside a darkened tent to flashing lights and music.

This incident is not the first in the ride’s history. In 2004, a seven-year-old from Connecticut managed to free herself from the ride’s restraining bars, and climb onto the front edge of her seat. She fell soon after the ride started. A safety precaution was put in place after this incident, however, the spokesperson acknowledged that it was not followed when Garin was killed.

The company which owns the ride shut it down, along with two other rides it owns at the park.

This is the fourth fatality in the park’s history. The park features more than 50 rides, a pool, and a beach. It attracts more than 1 million visitors annually.

Woman killed on amusement park ride in New York
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The Truth About No Closing Cost Refinance Loans

  • Posted on September 27, 2018 at 1:12 am

By Marie Castelle

Competition is tough even in banks and lending institutions which is why no closing cost refinance loans is an enticing promo for customers. This loan scheme seems to convey a better option for those who are in need to refinance their mortgage. No closing cost refinance offers a mortgage program that assures you of no fees or any outright out-of-pocket expenses whenever you refinance your existing mortgage. While this option is present before, it can somehow attract customers to give it a shot.

In this loan transaction, the lender or broker is the one who will shoulder the settlements costs, including fees for processing, underwriting, appraisal, title/escrow and others, hence making possible for the customer to pay nothing as he avails of the refinancing loan. So in this case, while you paid no cost as you avail of the loan, the bank or lender is sure to add the closing costs on top of your loan amount and can expect for higher rates for your amortization.

The truth is the bank or lender will make up for the absence of fees. If you are keen, you will observe that the interest rate will increase and the payment will be adjusted with add-on amount. On the initial look on the offer, it is an advantage especially when you are getting this refinancing loan to reconstruct your debt and you have either no cash to pay-out closing fees, then this loan scheme is a desirable option. You can also save cash and set it aside for other urgent needs.

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For most people who are not well versed in this loaning process and time is tight for them to decide and examine closely their options, then they have no choice but to agree with no closing cost refinance mortgage. Depending also on the term of the loan and the economic situation at the time of availing it, there is a chance also that this can be a better option.

On the other hand, if you made a deal at the wrong time, say for example the inflation rate is high, the interest rate that you will be paying is high as well. And since the closing cost will be accumulated together with the loan amount, you will be paying much and even realizing that the closing cost paid is doubled. People will also tend to agree with the no closing cost refinance mortgage without recognizing their ability to pay for the amortization in the long run.

So before you finally decide on taking up refinancing loans, you should weigh down the pros and cons of your decision. Do not be blinded by mere gimmicks or attractions which will trap you later and instead of getting the right deal, you just have to live with the debt that is twice the burden. Take time to shop around and compare interest rates and other fees. Ask educated advice from experts if you need to be clarified on things. Always contemplate the advantage and disadvantage of availing a no closing cost refinance loan.

About the Author: Marie Castelle is a free lance writer and blogger who loves to educate people in many different topics. She writes on topics about no closing cost refinance, refinancing your home, refinancing home mortgages and many more.

Source: isnare.com

Permanent Link: isnare.com/?aid=704586&ca=Finances

Hewlett-Packard to expand partnership with SAP

  • Posted on September 26, 2018 at 1:32 am

Tuesday, January 30, 2007

This Monday Hewlett-Packard is to announce that it is expanding its partnership with SAP. The partnership will be working with NetWeaver around several new services. The company is also expected to mention about its new enterprise solutions that are currently in development.

Hewlett-Packard will offer its clients services for upgrading servers, storage and NetWeaver – SAP’s application builder platform meant for integrating business processes throughout different systems. Among other services that the company is going to provide comprise assessment, governance and some architecture services for R3.

The manager of Worldwide Packaged Applications for Enterprise Applications Services at HP Services Consulting & Integration, Tim Treat, stated that the company first of all looks at servers, storage and management and only afterwards it makes a proposal regarding the things that are to be updated. He mentioned that when Hewlett-Packard will work on upgrading servers and management, it will turn its attention towards Intel.

After performing all the upgrades, the company is going to offer its clientele a variety of services package options that are related to NetWeaver. The services offered by Hewlett-Packard will include: enabling the service, design and implementation, application development and management.

Tim Treat said that adaptive infrastructure is one of the company’s new things that are to come. Recently the company’s clients have put in place enough hardware capacity and infrastructure with the goal of supporting peak or quarter-end processes. However, a big amount of that capacity is unused till peak times. This is why Hewlett-Packard looks forward to bring solutions that are to allow users pay for the things they really use.

Treat also outlined the fact that, besides its new services, the company is to announce business-process consulting together with IDS Scheer – software and consulting company, which is one of the leading providers of Business Process Management and IT solutions.

Hewlett-Packard to expand partnership with SAP
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Football: Crystal Palace sacks de Boer after 77 days as manager

  • Posted on September 26, 2018 at 1:21 am

Thursday, September 14, 2017

On Monday, London-based football club Crystal Palace sacked Frank de Boer as manager. de Boer was appointed at the English club less than three months ago.

Crystal Palace is currently nineteenth in the Premier League table. de Boer had signed a three-year contract with Crystal Palace on June 26, but his team lost all four Premier League matches played so far. Crystal Palace is yet to score a goal in a Premier League match, this season. de Boer’s only victory with the London club came against Ipswich Town in the EFL Cup. de Boer succeeded former England’s manager Sam Allardyce at Crystal Palace, who helped the club avoid relegation and finish fourteenth. Allardyce joined Crystal Palace after he was sacked from England’s manager ten weeks after penning a two-year contract.

In the official statement on the club’s website, Crystal Palace said, “Crystal Palace Football Club have this morning parted company with Frank de Boer. We would like to thank Frank for his dedication and hard work during his time at the club. A new manager will be appointed in due course and we wish Frank the very best of luck for the future.”

In November, de Boer was sacked as the head coach of Italian club Internazionale after the club lost seven of fourteen matches. His tenure at the Milan-based club lasted for just 85 days. Before joining Inter, the Dutchman helped Ajax Amsterdam to win four consecutive Eredivisie — Dutch League titles.

Former England manager Roy Hodgson was immediately favoured for the vacated spot. Crystal Palace had six permanent managers in the last six years. de Boer had the fewest matches in a management tenure of an English club — four Premier League matches, and five in total. de Boer’s last match for Crystal Palace ended in a 1–0 defeat against Burnley.

 This story has updates See Football: Roy Hodgson pens two-year contract with Crystal Palace; becomes seventh permanent manager of Palace in six years 
Football: Crystal Palace sacks de Boer after 77 days as manager
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Open Rights Group holds first conference in London

  • Posted on September 26, 2018 at 1:19 am

Sunday, July 25, 2010

London — The Open Rights Group, a pressure group pursuing reform of intellectual property law in the United Kingdom, held its first “ORGCon” yesterday at City University London. Approximately 100 delegates took part in six hours of panel discussions and workshops on a wide range of topics in intellectual property, discussing such subjects as “How To Talk To Your MP” and “ACTA: A Shady Business”, in what ORG billed as a “crash course in digital rights” designed to inspire campaigning on intellectual property issues.

Cory Doctorow, a fiction author and digital rights activist, led the keynote panel discussion “Thriving in the Real Digital Economy”, which opened the conference. Doctorow called for a “reframing” of the digital rights slogan “information wants to be free”. “The most important thing” about digital rights, he noted, “has nothing to do with art. We are refitting the information network with lots of control.” Digital rights management (DRM) technologies, Doctorow warns, build in limitations on how consumers exchange information and “abuse the market”. John Buckman of Magnatune followed up Doctorow’s comments, noting that DRM is “unsustainable” but that the public needed to “pressure companies into” open-source solutions.

A keynote speech by James Boyle compared the current age to the age just before application of the theories of Adam Smith and other early capitalist economists began breaking down the entrenched monopolies of mercantilism. Boyle called on the audience to come up with a “jaw droppingly simple” idea for a reformed copyright system; he gave his speech in front of a projection of the twitterfall as audience members commented on his words.

Boyle, like most of the conference, took a pro-reform but anti-piracy position, saying “It is a tragedy that an entire generation has lost the notion that breaking the law is wrong”. While several members of the Pirate Party UK, wearing matching t-shirts, attended the conference and held a fringe meeting during the last session, none spoke in the keynote sessions either as panelists or in the discussions.

Among the many workshops which comprised the last three hours of the day, Open Rights Group held a session on student groups and committed itself to establishing Open Rights Group Youth societies at universities across the United Kingdom. Young activists, such as Wikipedian Jdforrester, also dominated the “Your Shout” session in which any and all delegates could give three-minute speeches on any intellectual property subject which interested them.

The organisation hopes to host a second ORGCon in 2011.

Open Rights Group holds first conference in London
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Find Top Quality Turf Grass Products With Sod Company Boise}

  • Posted on September 26, 2018 at 1:14 am

Find Top Quality Turf Grass Products with Sod Company Boise

by

The Turf Company

Summer seems to be the time of year when people want to be outdoors, and they want to enjoy their landscaping. If your lawn isn’t what you had hoped for, you may feel frustrated. You may even be embarrassed when you see what other people have.

Lawn sod is a great way to improve the appearance of your lawn. So, there is no reason to continue struggling with the process of getting your lawn to look great.

There has never been a better time to sod your landscape. If you want to have sodding in your lawn, then, it’s better to hire a sod company for the right sod products.

The first and important thing to consider is do you need sod? You can consider simply using grass seed, however this can take months before you see the results of a full and luscious patch of grass.

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The best alternative is to use sod. Sod is a professionally grown grass that usually comes in rolls. There are some sod companies that offer delivery. However, you may find a better deal to have it professionally installed or have your sod repaired. You will also get the opportunity to speak with a professional with respect to what to do in terms of following up.

There are several factors that should be kept in mind before purchasing Sod for your lawn.These are as follows:

Site conditions:

Choose the right sod for your lawn. The sod variety should be such that it can survive through the winter and summer months. With sod installation, an additional few inches will be added to your landscape, as sod pieces carry about 1 to 2 inches of soil along with the grass blades. When purchasing your sod, check to see if sod pieces will have any problems growing in your existing soil.

Soil amendments:

Before laying sod, you may need to apply soil amendments to your landscape. The best pH for laying sod ranges from 6.0 to 7.0. Fertilizer and soil amendments includes mixing of limestone with the first six inches of soil. Top soil also needs to be added at a six inch depth, as the soils tend to settle around five inches.

Grading and drainage:

There is no need of any sitting water in the landscape area where you are installing sod. To allow sufficient percolation, the ground needs to be properly graded.

Slopes should be graded appropriately to direct any water flow away from sidewalks, house foundation, and lower lying areas in your landscape. The final graded surface should be smoothed and rolled over, creating an even surface for proper installation.

If you are a resident of Boise and want to have a beautiful lawn, then, go for sodding. The Turf Sod Company Boise is engaged in providing a greener environment to the people. Here, you will get a full line of quality turf grass products for your lawn and garden area.

So, create a beautiful lawn with Sod Company Boise.

The Turf Company, based in Boise ID offers premier quality turf grass sod for homeowners. For more information visit our website http://www.greensodlawn.com/

Article Source:

eArticlesOnline.com}