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Sunday, October 5, 2008

Independent U.S. presidential candidate Ralph Nader had harsh words for the Democrats who engineered yesterday’s passage of the Emergency Economic Stabilization Act of 2008, a bailout of the U.S. financial system. At a campaign stop in Waterbury, Connecticut on Saturday, Nader said that Democrats passed up a chance to enact re-regulation of the financial system and instead gave Wall Street everything it wanted.

According to Nader, Senator Chris Dodd (D-CT), Representative Barney Frank (D-MA), and other Democrats considered but rejected measures such as a tax on transactions of derivatives (a “speculation tax”) because of their financial ties to Wall Street and its lobbyists. He said that Representative Chris Murphy (D-CT), who represents Waterbury, had “become a toady” of Nancy Pelosi. He drew enthusiastic applause by calling Murphy “a dynamic fraud”, and referred to Senator Joe Lieberman as “the Hermaphrodite of American Politics”. For Murphy and Representative Chris Shays (R-CT), Nader said, supporting the bailout despite the opposition of constituents was a “profile in betrayal”. Because there were no public hearings where taxpayers and experts could weigh in on the bailout, Nader characterized it as a return to “taxation without representation“—under “King George IV” 225 years after the 13 colonies were taxed under King George III.

Asked about causes of the financial crisis, Nader pointed to the deregulation of the financial sector with the 1999 Glass-Steagall Act and further deregulation in 2000, as well as the rise of overly complex financial derivatives. He outlined a four-part reform plan:

1. Re-regulation of financial markets
2. Increasing shareholder control of corporations
3. Taxpayer equity as part of any bailout, as in the 1979 bailout of Chrysler Corporation
4. Making speculators pay by enacting a 0.1% tax on derivatives transactions (which Nader said will amount to over $500 trillion this year)

Regarding the equity warrants included in the passed bailout, Nader relayed word from an unnamed source that Treasury Secretary Henry Paulson had told Wall Street executives “don’t worry, it’s not enforceable”.

Nader told reporters that he had abandoned the Green Party because “Greens are not disciplined, and they’re not mature”, and also lack the fund-raising capabilities to break into mainstream political discussions. “They bicker and bicker,” he said, pushing out their best people. However, he endorsed several local Green Party candidates, including Chris Murphy’s opponent Harold Burbank.

The virtual media blackout for third party campaigns by national newspapers and networks has been a source of continual frustration for the Nader campaign, as well as the campaigns of Libertarian Bob Barr and Green Cynthia McKinney and the post-campaign activities of Republican Ron Paul. According to Nader, reporters tell him that editors of national media are “very bigoted against third party and independent candidacies”. Even journalists for taxpayer-supported media, such as National Public Radio‘s Terry Gross and the Public Broadcasting Service‘s Jim Lehrer, have shut him out during this campaign. Debates, he lamented, are controlled by corporate interests through the Commission on Presidential Debates.

Nader spoke to a supportive crowd of about 60 people and his campaign raised over $2000 at the event, their third visit to Waterbury. The event took place in the former building of a closed-down bank.

Wednesday, February 22, 2006

The Bathurst Regional Council has begun preparing the Mount Panorama motor racing circuit for the inaugural Bathurst International Motorsport Festival (BIMF) to be held between April 13 and 16, 2006. The Mount Panorama motor racing circuit is considered to be the home of motorsport in Australia.

Council’s staff have been busy cleaning the facilities, erecting signage, checking pedestrian bridges and inspecting the track surface for the past few days.

The BIMF will be the first event to be held at the 6.2 kilometre circuit over Easter since 2000. In 2000, Event Management Specialists held the first motorcycle racing event since 1990, but due to EMS going bankrupt a short time after their 2000 event was ran and the inability of the then Bathurst City Council to find another promoter, the Easter event was canned.

The BIMF is inspired by the Festival of Speed and Goodwood Revival in the United Kingdom. The Bathurst Regional Council and event promoter Global Entertainment Team promise that the event “will cater for all motoring enthusiasts, collectors and historians”.

According to the BIMF website, the on-track program consists of:

• Manufacturers showcasing their vehicles and track times
• Historic touring car races
• Aussie racing car races
• Australian GT sports car
• Parade laps by car clubs
• Parade laps and races by “Legends of Motorsport”
• Stunt car and bike events
• Rally cars
• Displays of cars from all eras of Mount Panorama’s history
• The chance for patrons to purchase a ride around the circuit in a race car.

Off the track, the organisers have promised manufacturer displays, merchandise stands, music, joyflights, Off-road demonstrations and joyrides, autograph sessions and interviews with influential people in the Australian motor industry.

Thursday, February 7, 2008

United Nations Secretary-General Ban Ki-moon has expressed concern about crises in Chad, Kenya, and the Sudan. The U.N. chief is recently back from Africa where he attended the African Union summit in Ethiopia and met with leaders in Kenya.

On rebel efforts to overthrow the government in Chad in recent days, the secretary-general welcomed an African Union initiative to have the leaders of Libya and the Democratic Republic of Congo mediate the crisis. He says the United Nations will do its utmost to help resolve the crisis, urging the Security Council to act swiftly to help bring an end to the violence.

“It has devastating consequences not only for the people of Chad and Darfurian refugees seeking shelter there, but also for Darfur itself,” said Ban.

Mr. Ban told reporters the situation in the neighboring Darfur region of Sudan is no less troubling. He says the deployment of the AU-U.N. peacekeeping force, known as UNAMID, must be sped up and urged member states to properly equip the troops.

“UNAMID still lacks required aviation and ground transportation – chiefly helicopters. Additional troops will not make up for this shortfall,” said Ban. “Those countries that called for intervention in Darfur are under special obligation to deliver on their promises.”

While at the AU summit, Mr. Ban says he discussed some of the outstanding issues affecting the deployment with Sudanese President Omar al-Bashir, and he expects the Status of Forces Agreement (SOFA) to be signed this week. But Mr. Ban remained vague on whether some of the agreement’s sticking points – such as night flights, land agreements, and advance notice of U.N. movements – had been settled.

On Kenya, Mr. Ban says he has been deeply engaged in the post-election crisis and told political leaders during his visit there that they bear particular responsibility for the future of Kenya.

“I stressed to all the Kenyan leaders the need to stop the unacceptable violence and killings, and to resolve their differences through dialogue and democratic process. I also appealed to all the political leaders to think beyond their individual interests or party lines and to look to the future of Kenya as one country,” he said.

Mr. Ban also met in Nairobi with his U.N. predecessor, Kofi Annan, who is leading the panel of eminent Africans trying to mediate the crisis, and said they discussed his roadmap for the talks.

Security of U.N. personnel in Africa and elsewhere has been high on the secretary-general’s agenda, especially in the wake of the December bombing in Algeria that killed 17 staff members. Mr. Ban announced that he is naming diplomat Lakhdar Brahimi to chair an independent panel on safety and security of U.N. personnel and premises. Brahimi is an Algerian, but Mr. Ban says he has no concerns about his fairness or objectivity in heading up the panel.

Sunday, May 18, 2014

The governor of the Bank of England, Mark Carney, has warned that the state of the housing market in the United Kingdom is the current biggest domestic threat to the country’s economy, due to lack of house building, and regulatory issues.

In an interview to be aired on Sky News today, he said the housing market is the “biggest risk” to the economy and has “deep, deep structural problems”. Of house building he said: “There are not sufficient houses built in the UK. To go back to Canada, there are half as many people in Canada as in the UK, twice as many houses are built every year in Canada as in the UK and we can’t influence that.”

“We’re not going to build a single house at the Bank of England. We can’t influence that. What we can influence […] is whether the banks are strong enough. Do they have enough capital against risk in the housing market?”

Carney also said the Bank of England would look into the procedures used to issue loans and mortgages to see if they were being granted appropriately: “We’d be concerned if there was a rapid increase in high loan-to-value mortgages across the banks. We’ve seen that creeping up and it’s something we’re watching closely.”

Kris Hopkins responded to Carney on behalf of the government, saying the government “inherited a broken housing market, but our efforts to fix it are working”. “We’ve scrapped the failed top-down planning system, built over 170,000 affordable homes and released more surplus brownfield sites for new housing. We’ve also helped homebuyers get on the housing ladder, because if people can buy homes builders will build them. Housebuilding is now at its highest level since 2007 and climbing. Last year councils gave permission for almost 200,000 new homes under the locally-led planning system and more than 1,000 communities have swiftly taken up neighbourhood planning. It’s clear evidence the government’s long-term economic plan is working.”

Earlier this month, the Organisation for Economic Co-operation and Development called on the UK government to “tighten” access to the ‘Help to Buy’ scheme introduced by George Osborne and the coalition government in 2013. ‘Help to Buy’ has also recently been criticised by three former Chancellors of the Exchequer — the Conservatives Norman Lamont and Nigel Lawson, and former Labour Chancellor Alistair Darling. Darling said: “Unless supply can be increased substantially, we will exacerbate that situation with schemes like Help to Buy.”

Hello and welcome to Audio Wikinews. Today is April 15th, 2006.

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Thursday, June 2, 2005

Darwin’s Ltd. opened a second location of their sandwich shop at 1613 Cambridge Street in Cambridge, Massachusetts, in late May. It is situated across from Cambridge Rindge and Latin School. Previously limited to one location at 148 Mount Auburn Street, the second store seats approximately 30 people and sells sandwiches, coffee drinks, locally made pastries, as well as some produce and snack foods. The establishment also provides free wireless access through the WanderingWifi service. The shop plays music during the day; during this reporter’s visit to the shop, selections played ranged from David Bowie to The Strokes. The store is air-conditioned.

Key differences between the original store and the new one include the unification of the cafe and the sandwich line now behind one counter, handicap accessible restrooms, no beer or wine sold at location, and a lack of a loyal customer base. Although the recent months have been slow, business is expected to pick up with the return of Cambridge area students this autumn.

While the original location of Darwin’s was recently cited for lacking sneeze guards before the kitchen counter, according to the Cambridge Chronicle, the new Darwin’s has acrylic sheets along the front of their sandwich counter. The original Darwin’s has installed the sneeze guard at the kitchen counter the day following citation.

Friday, December 12, 2008

A US$14 billion bailout package deal for the “Big Three” United States automakers — Chrysler, Ford, and General Motors — has been rejected in the United States Senate after failing a procedural vote.

The bill was rejected after bipartisan discussions on the bailout broke down when Republican Party leaders insisted that the United Auto Workers (UAW) union agree to increase wage cuts by next year in order to bring their pay into line with those of Japanese automobile companies in the United States. The UAW refused to meet the demands.

The final vote count in the Senate was 52-35, eight short of the 60 needed to pass. Only ten Republicans joined forty Democrats and two independents in voting for the bill. Three Democrats voted with thirty-one Republicans against it.

Senate Majority leader Harry Reid said that he was “terribly disappointed” by the failure of the bill to pass. “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight,” Reid said. “Millions of Americans, not only the auto workers but people who sell cars, car dealerships, people who work on cars are going to be directly impacted and affected.”

Republican Senator Bob Corker was also unhappy about the rejection. “We were about three words away from a deal. We solved everything substantively and about three words keep us from reaching a conclusion,” he said.

Some Democrats now want U.S. President Bush to reserve a portion of the $700 billion bailout package earmarked for Wall Street to assist the flagging car industry.

Stock markets worldwide fell dramatically on the news, with Japan’s Nikkei average losing 484.68 points, or 5.6 percent, reaching a level of 8253.87 points. Shares in the auto companies Toyota, Nissan and Honda all dropped by no less than 10 percent apiece. European stocks, such as those in the United Kingdom and Germany, also lost ground, with the FTSE-100 index of leading shares falling 176.3 points to a level of 4,211 at midday.

Friday, November 6, 2009

The Centers for Disease Control and Prevention (CDC) is a US government agency. In an interview with Wikinews, Jeff Dimond, a member of the Division of Media Relations for the CDC, answered a few question regarding the current situation of the H1N1 swine flu pandemic.

The CDC reported that during week 42 (October 18–24) of this year, the swine flu activity increased in the United States with 19 confirmed deaths by swine flu, while week 43 (Oct. 25–31) faced 15 confirmed deaths.

((Wikinews)) How does the CDC feel the media has handled the H1N1 flu pandemic?

Jeff Dimond: Media coverage has been quite good.

((WN)) What measures are the CDC taking to combat the swine flu?

JD: Public health information is being distributed nationwide, scientists worked hard to identify the H1N1 virus and produce a vaccine in record time.

((WN)) What areas around the world are affected most by the swine flu?

JD: This is a question for the WHO (World Health Organization).

((WN)) Are the current anti-flu vaccines effective and how sufficient is the current supply?

JD: All current anti-flu vaccines are effective. Manufacturers are producing doses as fast as possible. Spot shortages may occur, but there is not an overall shortage of vaccine. For the most severe cases, a drug called Peramivir has been authorized for emergency use by the FDA.

((WN)) How can one avoid infection and how deadly is this disease?

JD: Proper hand sanitation and avoidance of individuals who have flu-like symptoms is the best way to avoid becoming ill. To date more than 1000 Americans have died from LABORATORY CONFIRMED cases of H1N1 and of those 129 are under the age of 18. The most at-risk populations are pregnant women, younger people in the 18–49 age group and those with other complicating conditions such as asthma, COPD, diabetes and morbid obesity.

((WN)) What efforts have the CDC made to insure vaccines are available for those with no or poor health-care?

JD: Distribution of vaccine is up to the state health departments. CDC is not a regulatory agency.

((WN)) If someone suspects they have swine flu what would the best course of action be?

JD: They should seek medical attention.

((WN)) When will the swine flu die down and cease being a pandemic?

JD: No idea.

((WN)) Besides the CDC, what other entities, governmental and private, are involved in stopping this disease and how?

JD: All public health and medical agencies with a stake in H1N1 are cooperating to control the spread of H1N1.

((WN)) Is there a significant risk of H1N1 mutating and becoming more deadly?

JD: Flu viruses are unpredictable so there is no way of answering this question. The CDC is constantly monitoring these viruses.