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Friday, October 10, 2008

Stock markets across the world have fallen sharply with several seeing the biggest drop in their history.

Asian markets saw the biggest sell-off. The Nikkei dropped 9.62% to reach a 20 year low. Japan also saw a collapse of a mid-size insurance company, Yamato Life Insurance Company, which declared bankruptcy. The Hang Seng, which was one of the few markets that was positive yesterday, fell 7.19%. Australia dropped by 8.4% and South Korea saw a 9% fall.

In Europe, markets dropped at the open with the FTSE losing 11%. They have recovered only sightly with all European markets losing more than 5%. The European sell off was more about the Asian lows then any specific news. European banks and financial institutes saw the most selling. Also, oil related companies saw large drops as an result of an expected decrease in oil consumption.

The U.S. markets opened lower with the Dow Jones Industrial Average falling below 8,000, before recovering slightly. President George W. Bush made an address on the economy and said markets were being “driven by uncertainty and fear.”

Oil has seen losses of more than US$6 in trading with the current price of a barrel of oil less than $80. This is a year low for oil. News also came out that OPEC will hold an emergency meeting on November 18 to discuss the falling price of oil.

Charities, such as Cats Protection, today said that they have lost much of their funds in collapsing banks. Cats Protection had a total of £11.2 million saved in the now-collapsed Kaupthing bank.

The British National Council for Voluntary Organisations said that 60 of its 6,500 have lost money due to the collapse of banks.

The Dow Jones Industrial Average fell to its lowest level in five years at 8,579.19, falling 679 points in one day. This, at 7.3%, is the eleventh largest percentage fall in the history of the index. The growth then continued, with the index being up over 150 points on the start of the day at one point.

The index, did however, recover, and as of 19:30 UTC was up 17.68 points, or 0.21%, pushing the index up to almost 8600.

Peter Cardillo, chief market economist at Avalon Partners, commented on these massive falls. “What we’ve seen here was one big margin call that just kept feeding on itself, so the opposite could happen. But you need a catalyst,” he said. “I’m more convinced now than ever that this market has made a bottom. The capitulation came when we breached 8,000,” he continued. “It doesn’t mean we can’t go back and revisit that level.”

The UK’s FTSE 100 index fell dramatically to close below 4000, in the index’s worst week in history. This is despite the fact that just a few days ago the index was above 5000, and the index peaked above 5500 in September.The FTSE 100 index has fallen by 41% this year.

Barclays Wealth analyst Henk Potts commented on this massive fall. “We are drowning in a sea of red numbers,” he claimed. “Investors are concerned about the exacerbation of the credit crunch and the gloomy forecasts for economic growth. The reality is that most investors have been spooked by the sheer pressure that the credit crunch is putting on the global economy.”

The Japanese Nikkei 225 has recorded it’s third biggest drop in history with a massive sell-off in the exchange that has resulted in USD 250 billion being knocked of the index’s value.

Toyota, which is the second largest carmaker in the world, fell by the largest amount in 21 years, while Elpida Memory, the world’s largest manufacturer of computer memory, dropped in value to a record low.

Masafumi Oshiden, a fund manager in Toyota commented on the drop.”It’s capitulation,” he said. “There are lots of forced sellers. If you’re a fund that’s going bust you need to close out all your positions.”

George W. Bush commented on the financial situation earlier today. “Over the past few days, we have witnessed a startling drop in the stock market — much of it driven by uncertainty and fear,” he said. “This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns about their retirement accounts, their investments, and their economic well-being.”

Bush then continued by promoting the government’s plan’s to get through the crises. “Here’s what the American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets. We are a prosperous nation with immense resources and a wide range of tools at our disposal. We’re using these tools aggressively.”

Gordon Brown, the UK Prime Minister, also spoke on the economy. “I think we quickly realised that we cannot solve the problems we have got as a result of the sub-prime market collapse simply by improving liquidity,” he said speaking in Birmingham to business leaders earlier today. “That would simply not be enough to deal with the bigger problem of rebuilding the banking system for the future and restoring trust is a fundamental element of that.”

Jim Flaherty, the Canadian minister for finance, also commented today on the recent incidents in the economy. “It is important to underline that Canada’s banks and other financial institutions are sound, well capitalized and less leveraged than their international peers,” he claimed. “Our mortgage system is sound. Canadian households have smaller mortgages relative both to the value of their homes and to their disposable incomes than in the U.S.”

“”However, it is becoming increasingly clear that the continuing disruption of global credit markets, which has been severe and protracted, is making it difficult for our financial institutions to raise long-term funding. This is beginning to affect the availability of mortgage loans and other types of credit in Canada,” he continued. “The Government has therefore decided to act to address the current scarcity of private sector lending to Canadian mortgage markets and lending markets overall. This is going to make loans and mortgages more available and more affordable for ordinary Canadians and businesses.”

Friday, June 22, 2007

Buffalo, New York —A three alarm fire at a house owned by John and Evelyn Bencinich, two of the initiators of a lawsuit filed against the Elmwood Village Hotel proposal in Buffalo, required firefighters to rescue eight cats and two dogs in Buffalo, New York today.

At about 8:30 (eastern time) firefighters were called to the home on 48 Granger Place to put out a fire that had started in the basement. It quickly spread to the first floor where the main bathroom was destroyed. The fire did not spread to the second floor or attic.

Initial calls said that many animals were inside the house and firefighters quickly worked to rescue all the cats and dogs. At least one cat and one dog had to receive CPR and oxygen, but both are reported to be in stable condition. At least 3 cats are unaccounted for, but after a search of the house, the cats were not believed to have been inside at the time the fire started.

One elderly woman, Anna Bencinich, the mother of Evelyn, was rescued by neighbors who helped her from the burning house.

“There was smoke all over the house. The fire started in the basement and spread to a small portion of the first floor. Two firefighters were injured while fighting the fire and were transported to Erie County Medical Center,” said Division Fire Chief Thomas Ashe who also said that sections of the kitchen wall at the back of the house had to be torn out to stop the fire from spreading through the walls.

One firefighter is being treated for bite injuries to his face that he received while attempting to rescue a dog. The other firefighter was treated for injuries he received to his hand, which was believed to have been caused by glass or a cat scratching him. The names of the injured firefighters are not known. The injuries are said to not be life threatening.

According to witness reports, the home owners had a new water heater installed just last week, but it is not known if the fire was caused by the heater.

“We believe the fire was caused by an electrical (malfunction). An investigation is being conducted,” said Battalion Chief Joe Fahey who also added that they did not believe arson was the cause.

Saturday, November 21, 2009

An explosion at a gas mine in northeastern China has killed at least 42 people today, state media reported. 66 more miners are feared to have been trapped as well. Another 400 were able to escape safely.

The news agency Xinhua said that 528 workers were in the mine, located in the Heilongjiang province, when the explosion occurred at about 02.30 local time (18.30 UTC).

The blast was strong enough to shake buildings nearby, and some survivors said they were knocked unconscious. “I passed out for a while. I found I was shrouded by heavy smoke, when I regained consciousness. I groped my way out in the dark,” said a 27 year-old electrician, Wang Xingang, to Xinhua.

Rescue operations are still ongoing for those trapped in the mine. State television said that 156 rescuers were at the scene searching for more survivors.

Thursday, April 3, 2008

Australia’s Department of Defence spent thousands of dollars on controversial development seminars, Australian media reported Wednesday. The seminars are run by a San Francisco, California-based training company called Landmark Education. The company evolved from Erhard Seminars Training “est”, and has faced criticism regarding its techniques and its use of unpaid labor.

Australia’s Defence Minister Warren Snowdon said that the government is in the process of reviewing Defence Department expenditures on career development. “We’re in the process now of doing an audit, completely unrelated with anything to do with Landmark, which is being undertaken into learning and development to make sure that they meet our needs. … We have to be very sure that the courses that people do undertake are relevant, appropriate and indeed in line with what community expectations might be,” said Snowdon in an appearance on ABC Radio.

The Australian and Australia’s ABC News reported that Landmark Education had been listed in France as a “possible cult” in the mid 1990s. When asked about this on ABC Radio, a spokeswoman for the company in the United States, Deborah Beroset, responded: “What happened in France was that a commission established by the French parliament issued a report in which they listed almost 200 organisations as being possible cults … We were never contacted. We were inappropriately included in that list”.

In a program which aired Wednesday, the Australian Broadcasting Corporation radio program AM reported that Australia’s Defence Department spent at least AUD12,270 of taxpayer funds to send government employees to Landmark Education courses. According to AM, the Defence Department said it does not appear that further funds have been sent to Landmark Education since 2004.

In a statement released by the Defence Department, the government stated: “A search of Defence records does not indicate exactly how many individuals attended courses with this training provider, however it is believed it was a small number of individuals. … Defence has been unable to determine individual reasons for why groups within Defence choose this training provider.”

AM also reported that the use of unpaid labor by Landmark Education “has attracted the attention of the US and French governments,” and that some individuals in the mental health field have accused the company of brainwashing. When asked about the allegations by mental health experts that Landmark Education’s techniques amounted to brainwashing, Deborah Beroset responded: “Well, there is absolutely no credence to that whatsoever.”

In a March 9 article in the Herald Sun, Peter Rolfe reported that taxpayer money was used to send at least 37 police and government staff from Victoria, Australia to seminars run by Landmark Education. Police and Emergency Services Minister Bob Cameron said that “Decisions on the appropriateness of staff attending courses by Landmark Education are made by individual managers who remain best-placed to assess the development needs of their staff,” but State Liberal MP Murray Thompson told the Herald Sun that the funds should have been put towards fighting crime. Apple Inc., Reebok, and Mercedes-Benz have sent employees to Landmark Education seminars, according to a spokeswoman for Landmark.

In October 2006, Landmark Education took legal action against Google, YouTube, the Internet Archive, and a website owner in Queensland, Australia in attempts to remove criticism of its products from the Internet. The company sought a subpoena under the Digital Millennium Copyright Act in an attempt to discover the identity of an anonymous critic who uploaded a 2004 French documentary of the Landmark Forum to the Internet. “Voyage au pays des nouveaux gourous” (Voyage to the Land of the New Gurus) was produced by Pièces à Conviction, a French investigative journalism news program. The Electronic Frontier Foundation represented the anonymous critic and the Internet Archive, and Landmark withdrew its subpoena in November 2006 in exchange for a promise from the anonymous critic not to repost the video.

Landmark Education is descended from Erhard Seminars Training, also called “est”, which was founded by Werner Erhard. est began in 1971, and Erhard’s company Werner Erhard and Associates repackaged the course as “The Forum” in 1985. Associates of Erhard bought the license to his “technology” and incorporated Landmark Education in California in 1991.

Friday, February 23, 2007

Researchers with the University of Calgary in Canada have found that prolactin, a hormone produced during pregnancy, may reverse the progression of multiple sclerosis (MS), according to a paper published this week in The Journal of Neuroscience.

The study, led by Drs. Samuel Weiss and V. Wee Yong of the Hotchkiss Brain Institute, compared virgin and pregnant mice with MS-like lesions introduced by lysolecithin, a chemical which destroys the myelin sheaths around neurons. They found the pregnant mice developed smaller lesions and fewer damaged neurons, and showed signs of repaired neurons. They also found the pregnant mice had higher levels of cells called oligodendrocytes, which create myelin and are able to repair some damaged neurons through remyelination. Because prolactin regulates the levels of precursors of oligodendrocytes, the scientists hypothesized that prolactin levels were responsible for the differences in damage. They also tested virgin mice given additional prolactin, and found results similar to pregnant mice.File:Monthly multiple sclerosis MRI.gif

Previous studies have shown that other hormones could reduce myelin damage, but this is the first study to show a mechanism to reverse myelin damage, and establish an empirical connection between that mechanism and pregnancy. Dr. Weiss says, “It is thought that during pregnancy, women’s immune systems no longer destroyed the myelin. However, no previous study has tested whether pregnancy actually results in the production of new myelin, which may lead to improvement of symptoms. “We’re excited about this result because it suggests to us that prolactin has the potential to be used to enhance the production of new myelin.”

Dr. William McIlroy, national medical advisor for the Multiple Sclerosis Society of Canada, explains the significance of this study: “The results of this study should be well received by people living with MS today. It represents a new insight of how we might be able to reverse some of the effects of the disease and improve the quality of life for those who live under its influence.”File:Prolactin.png

Dr. Luanne Metz, director of the Calgary MS Clinic in the Department of Clinical Neurosciences, University of Calgary and Calgary Health Region, adds, “This discovery has the potential to take MS therapy a step further than current treatments that stabilize the disease in its early stages. By promoting repair, which is the goal of prolactin therapy, we have hope of actually improving symptoms in people with MS.”

Further animal studies need to be done to examine the possibility of side effects, such as lactation in men and non-pregnant women, as well as increased inflammation which could worsen the MS. Researchers believe human trials may begin within a few years.

Funding and support were provided by the Canadian Institutes of Health Research and the Multiple Sclerosis Society of Canada, the Alberta Heritage Foundation for Medical Research and the Stem Cell Network.

MS is an autoimmune disease of the central nervous system where the body attacks the fatty myelin which helps nerves carry electrical signals, causing muscle weakness and spasming which may lead to disability. MS affects approximately one of every 1000 people in North America, northern Europe and Australasia.

Wednesday, August 29, 2007

An English lawyer has pleaded guilty to perverting the course of justice. He faked a legal judgment and sent it to a father who was pleading in Taunton family court to be able to remain involved in his child’s upbringing. The lawyer, London barrister Bruce Hyman, now awaits his sentence. The judge indicated that he could receive a prison sentence. Bruce Hyman is well-known in media circles, having produced The Hitchhiker’s Guide to the Galaxy on BBC Radio. He also produced a series with Clive Anderson, at Above the Title Productions, called Unreliable Evidence.

The father, a former City financier, had attended a series of court hearings in order to make suitable arrangements to see his child following an acrimonious divorce. Shortly before one of these hearings he received an email, ostensibly from a self-help group to which he belonged, which had attached a Court of Appeal case that appeared favourable to an application he had made for the judge to stand down from the case. The father, who was representing himself, duly showed the case to the judge. At this point, Bruce Hyman, the lawyer representing the former wife, claimed to the judge that the case was a forgery, which indeed it turned out to be.

After confirming that the self-help group had not sent him the email, the father then embarked on some detective work his own. The fraudulent email was traced via its header to a dial-up internet connection and a phone number belonging to a shop in London. The shop was able to recover CCTV footage which showed a man sending the email from an Apple laptop. The man turned out to be Bruce Hyman.

Sentencing of Hyman is due in Bristol Crown Court on the 19th of September.

Monday, December 2, 2013

Police in the West Midlands in England today said nearly 200 kilograms worth of drugs with value possibly as great as £30 million (about US$49 million or €36 million) has been seized from a unit in the town of Brownhills. In what an officer described as “one of the largest [seizures] in the force’s 39 year history”, West Midlands Police reported recovering six big cellophane-wrapped cardboard boxes containing cannabis, cocaine, and MDMA (“ecstasy”) in a police raid operation on the Maybrook Industrial Estate in the town on Wednesday.

The seized boxes, which had been loaded onto five freight pallets, contained 120 one-kilogram bags of cannabis, 50 one-kilogram bags of MDMA, and five one-kilogram bricks of cocaine. In a press release, West Midlands Police described what happened after officers found the drugs as they were being unloaded in the operation. “When officers opened the boxes they discovered a deep layer of protective foam chips beneath which the drugs were carefully layered”, the force said. “All the drugs were wrapped in thick plastic bags taped closed with the cannabis vacuum packed to prevent its distinctive pungent aroma from drawing unwanted attention.” Police moved the drugs via forklift truck to a flatbed lorry to remove them.

Detective Sergeant Carl Russell of West Midlands Police’s Force CID said the seizure was the largest he had ever made in the 24 years he has been in West Midlands Police and one of the biggest seizures the force has made since its formation in 1974. “The impact this seizure will have on drug dealing in the region and the UK as a whole cannot be underestimated”, he said. “The drugs had almost certainly been packed to order ready for shipping within Britain but possibly even further afield. Our operation will have a national effect and we are working closely with a range of law enforcement agencies to identify those involved in this crime at whatever level.”

Expert testing on the drugs is ongoing. Estimates described as “conservative” suggest the value of the drugs amounts to £10 million (about US$16.4 million or €12 million), although they could be worth as much as £30 million, subject to purity tests, police said.

Police arrested three men at the unit on suspicion of supplying a controlled drug. The men, a 50-year-old from Brownhills, a 51-year-old from the Norton area of Stoke-on-Trent in Staffordshire, and one aged 53 from Brownhills, have been released on bail as police investigations to “hunt those responsible” continue. West Midlands Police told Wikinews no person has yet been charged in connection with the seizure. Supplying a controlled drug is an imprisonable offence in England, although length of jail sentences vary according to the class and quantity of drugs and the significance of offenders’ roles in committing the crime.

Monday, June 2, 2008

Leading up to the 2008 COMPUTEX show, the “2008 WiMAX Expo Taipei” is being held. Co-organized by Taiwan External Trade Development Council, Taipei Computer Association (TCA), the Industrial Development Bureau of the Ministry of Economic Affairs (MOEA), M-Taiwan Office, and WiMAX Forum, the expo will be held in Taipei Show Hall two. It is planned to run for five consecutive days commencing on June 2. In addition, the 2008 WiMAX Forum Operator Summit will be also held at Far Eastern Plaza Hotel on June 2 & 3.

According to the Taipei Computer Association (TCA), there will be sixty networking companies and manufacturers participating in this show. Their aim, to demonstrate the telecommunications technology in Taiwan. About seventy world-class operators from the networking industry will be invited to join the Forum Summit.

Following the Ministry of Economic Affairs signing an extended Memorandum of Understanding (MOU) with Intel on April 21, both will work together to promote the WiMAX industry in Taiwan. Intel, participating in both COMPUTEX and the WiMAX expo has a number of WiMAX Segways to demonstrate the technology. Their involvement will also include acting as hosts for the 2008 e21FORUM where Mobile Web 2.0 will be discussed.

A bus promoting the WiMAX expo will also be in service with Far EasTone Telecommunications and First International Telecom doing live demonstrations of their enterprise offerings.

Saturday, April 29, 2006

Buffalo, New York —Councilmember Joesph Golombek has responded to the lawsuit filed against the city of Buffalo for allegedly ‘fast-tracking’ a hotel that will be built on the corner of Elmwood and Forest Avenues in Buffalo. The lawsuit, filed by Attorney Arthur J. Giacalone, was filed in New York State Supreme Court on April 21, 2006.

The Elmwood Village Hotel is a 72-room, seven-million-dollar hotel proposed by Savarino Construction Services Corporation and designed by architect Karl Frizlen of the Frizlen Group. Its construction would require the demolition of at least five buildings, currently at 1109-1121 Elmwood, which house several shops and residents. Although the properties are “under contract,” it is still not known whether Savarino Construction actually owns the buildings. It is believed that Hans Mobius, a resident of Clarence, New York and former Buffalo mayoral candidate, is still the owner. The hotel is expected to be a franchise of the Wyndham Hotels group. Buffalo’s Common Council, Planning Board, Mayor of Buffalo, Byron W. Brown, Savarino Construction Services Corporation, Hans J. Mobius and his son Hans S. Mobius owners of the properties at stake, Pano Georgiadis, owner of Pano’s Restaurant on Elmwood, and Cendant Corporation, the parent company of Wyndham Hotels are among those named in the suit.

Councilmember Joesph Golombek said that the Law Department is “fighting the lawsuit because they believe that we did everything fairly and properly (as well as legally).”

Golombek also stated that the lawsuit “could delay the start of the project” and that if he were “Mr. Savarino I would counter sue for any damages a postponement could bring.”

“Except for the lawsuit the city is finished with the project. In my opinion I believe those opposed to the project are simply use to the city procrastinating on projects. This one was passed quickly by comparison. Thus part of their frustration.” said Golombek.

“I understand the frustration of some of the people opposed to the project. But, in order for Elmwood to grow and thrive it will need to change. This change is a positive for that community,” he added.

Golombek also said that he is looking into “helping the displaced businesses.”

At least five businesses, Six Nations Gift Shop, Don Apparel, H.O.D. Tattoo, Skunk Tail Glass Company, and Mondo Video, will be forced to close their doors or relocate. Many of the buildings are also home to residents who will also have to move.

“I have personally contacted adjacent and nearby business associations and property owners to ask about the possibility of helping the displaced businesses. Hopefully the project will go through in a timely fashion and the displaced businesses will be able to relocate,” said Golombek.

A preliminary hearing is scheduled to take place at 9:30 a.m. on June 8, 2006 in the Supreme Court building at 50 Delaware Avenue in Buffalo, on the 8th floor, part 31.

==Related Wikinews==

• “Others named in lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, April 26, 2006
• “Lawsuit sends Buffalo, N.Y. hotel proposal to New York Supreme Court” — Wikinews, April 25, 2006

Tuesday, June 27, 2006

Ikeda Kanako, a 21-year-old senior student of the Meiji Gakuin University and the first daughter of celebrity surgeon Yuko Ikeda, was kidnapped at about 1225 (UTC+9), June 26, 2006, in Shibuya, Tokyo.

A bullet was fired and one officer slightly cut when police stormed a Kawasaki apartment to rescue the girl.

Kanako was dressed in a white light half-sleeved cardigan, blue jeans with a bistre belt made of leather, a spring green camisole and carried a bag of Vuitton when she was abducted at a bus stop.

She was found unharmed 13 hours later by Japanese police at a condominium located in Nakahara-ku, Kawasaki, Kanagawa. The young woman’s make-up was not disordered; Kanako’s long brown fringe was not disheveled at all and she was wearing what she had been when she was kidnapped.

The kidnapping of Kanako was a big story in Japanese media in June, 2006. The story appeared in many newspapers as the front-page news on June 27, 2006.

Kanako and her kidnappers had been in touch with her mother using Kanako’s mobile phone. The effort to free her was helped greatly by a woman who witnessed the moment Kanako was taken; she wrote down the license plate of the van and other details.

Police traced mobile phone calls and were able to locate the van in Kawasaki where they detained two of the kidnappers as they went shopping.

One conspirator Li Yong, 29, from China, led the policemen to the apartment and tricked Kaneo Ito, 49, from Japan, to open the door. Ito managed to discharge one bullet before being restrained by an assistant police inspector, the first man in the room.

The other man involved in the kidnap of Kanako was Choi Gi Ho, 54, from South Korea. Kanato was freed unharmed.

The Tokyo Metropolitan Police Department arrested three men on suspicion of conspiring to kidnap a woman and hold her to a reported 300 million yen ransom.