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Wednesday, January 9, 2008

This year Israel turns sixty and it has embarked upon a campaign to celebrate its birthday. Along with technology writers for Slate, PC Magazine, USA Today, BusinessWeek, Aviation Weekly, Wikinews was invited by the America-Israel Friendship League and the Israeli Foreign Ministry to review Israel’s technology sector. It’s part of an effort to ‘re-brand the country’ to show America that there is more to Israel than the Palestinian conflict. On this trip we saw the people who gave us the Pentium processor and Instant Messaging. The schedule was hectic: 12-14 hours a day were spent doing everything from trips to the Weizmann Institute to dinner with Yossi Vardi.

On Thursday, the fifth day of the junket, David Saranga of the foreign ministry was able to arrange an exclusive interview for David Shankbone with the President of Israel, Nobel Peace Prize recipient Shimon Peres. For over an hour they spoke about Iranian politics, whether Israel is in danger of being side-lined in Middle Eastern importance because of Arab oil wealth, and his thoughts against those who say Israeli culture is in a state of decay.

Shimon Peres spent his early days on kibbutz, a bygone socialist era of Israel. In 1953, at the age of 29, Peres became the youngest ever Director General of the Ministry of Defense. Forty years later it was Peres who secretly gave the green light for dialogue with Yassir Arafat, of the verboten Palestine Liberation Organization. It was still official Israeli policy to not speak with the PLO. Peres shares a Nobel Peace Prize with Yitzak Rabin and Arafat for orchestrating what eventually became the Oslo Accords. The “roadmap” that came out of Oslo remains the official Israeli (and American) policy for peace in the Palestinian conflict. Although the majority of Israeli people supported the plans, land for peace was met with a small but fiery resistance in Israel. For negotiating with Arafat, former Prime Minister Benjamin Netanyahu shouted at Peres, “You are worse than Chamberlain!” a reference to Hitler’s British appeaser. It was during this time of heated exchanges in the 1990s that Yitzhak Rabin was assassinated by Yigal Amir, a Jew who thought it against Halakhic law to give up land given by God (Hashem).

Peres is the elder statesman of Israeli politics, but he remembers that he has not always been as popular as he is today. “Popularity is like perfume: nice to smell, dangerous to drink,” said Peres. “You don’t drink it.” The search for popularity, he goes on to say, will kill a person who has an idea against the status quo.

Below is David Shankbone’s interview with Shimon Peres, the President of Israel.

Sunday, May 20, 2012

U.S. Democratic Party presidential candidate John Wolfe, Jr. of Tennessee took some time to answer a few questions from Wikinews reporter William S. Saturn.

Wolfe, an attorney based out of Chattanooga, announced his intentions last year to challenge President Barack Obama in the Democratic Party presidential primaries. So far, he has appeared on the primary ballots in New Hampshire, Missouri, and Louisiana. In Louisiana, he had his strongest showing, winning 12 percent overall with over 15 percent in some congressional districts, qualifying him for Democratic National Convention delegates. However, because certain paperwork had not been filed, the party stripped Wolfe of the delegates. Wolfe says he will sue the party to receive them.

Wolfe will compete for additional delegates at the May 22 Arkansas primary and the May 29 Texas primary. He is the only challenger to Obama in Arkansas, where a May 10 Hendrix College poll of Democrats shows him with 38 percent support, just short of the 45 percent for Obama. Such an outing would top the margin of Texas prison inmate Keith Russell Judd, who finished 18 percent behind Obama with 41 percent in the West Virginia Democratic primary; the strongest showing yet against the incumbent president. Despite these prospects, the Democratic Party of Arkansas has already announced that if Wolfe wins any delegates in their primary, again, due to paperwork, the delegates will not be awarded. Wolfe will appear on the Texas ballot alongside Obama, activist Bob Ely, and historian Darcy Richardson, who ended his campaign last month.

Wolfe has previously run for U.S. Congress as the Democratic Party’s nominee. On his campaign website, he cites the influence “of the Pentagon, Wall Street, and corporations” on the Obama administration as a reason for his challenge, believing these negatively affect “loyal Americans, taxpayers and small businesses.” Wolfe calls for the usage of anti-trust laws to break up large banks, higher taxes on Wall Street, the creation of an “alternative federal reserve” to assist community banks, and the implementation of a single-payer health care system.

With Wikinews, Wolfe discusses his campaign, the presidency of Barack Obama, corporations, energy, the federal budget, immigration, and the nuclear situation in Iran among other issues.

Friday, December 12, 2008

Top broker and Wall Street adviser Bernard L. Madoff, aged 70, was arrested and charged by the FBI on Thursday with a single count of securities fraud, also known as stock fraud and investment fraud. He allegedly told senior employees of his firm on Wednesday that his $50 billion business “is all just one big lie” and that it was “basically, a giant Ponzi scheme (since at least 2005).” Mr. Madoff faces up to 20 years imprisonment and a fine of up to $5 million. FBI agent Theodore Cacioppi said Mr. Madoff’s investment advisory business had “deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in investors’ losses of approximately $50 billion dollars.”

The former chairman of the Nasdaq Stock Market is also the founder and primary owner of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. The firm is one of the top market maker firms on Wall Street. He founded his family firm with an initial investment of $5,000, after attending Hofstra University Law School. He saved the money earned from a job lifeguarding at Rockaway Beach in Queens and a part time job installing underground sprinkler systems.

A force in Wall Street trading for nearly 50 years, he has been active in the National Association of Securities Dealers (NASD), a self-regulatory organization for the U.S. securities industry. His firm was one of the five most active firms in the development of the NASDAQ, having been known for “paying for order flow,” in other word paying a broker to execute a customer’s order through Madoff. He argued that the payment to the broker did not alter the price that the customer received. He ran the investment advisory as a secretive business, however.

Dan Horwitz, counsel of Mr. Madoff, in an interview, said that “he is a longstanding leader in the financial-services industry with an unblemished record; he is a person of integrity; he intends to fight to get through this unfortunate event.” Mr. Madoff was released on his own recognizance on the same day of his arrest, after his 2 sons turned him in, and posting $10 million bail secured by his Manhattan apartment. Without entering any plea, the Court set the preliminary hearing for January 12.

Madoff’s hedge fund scheme may rank among the biggest fraud in history. When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets. The scheme would dwarf past Ponzis, and it would further be nearly five times the telecommunication company WorldCom fraud and bankruptcy proceedings in 2002.

The Securities and Exchange Commission filed a separate civil suit on Thursday against Bernard L. Madoff Investment Securities and its eponymous founder Mr. Madoff. It was docketed as “U.S. v. Madoff,” 08-MAG-02735, by the U.S. District Court for the Southern District of New York (Manhattan). SEC, New York associate director of enforcement, Andrew M. Calamari, asked the judge to issue seizure orders on the firm and its assets, and appoint a receiver. The SEC pleads, among others, that “it was an ongoing $50 billion swindle; our complaint alleges a stunning fraud that appears to be of epic proportions.” It further accused the defendant of “paying returns to certain investors out of the principal received from other, different investors” for years. Madoff’s hedge fund business had previously claimed to have served between 11 and 25 clients and had $17.1 billion in assets under management. But virtually all of the assets were missing.

United States District Court for the Southern District of New York Louis L. Stanton on Thursday appointed Lee Richards, a Manhattan lawyer, as the firm’s receiver. A hearing is set for Friday, for a ruling on the SEC’s petition to grant plenary powers to the receiver over the entire firm, and an absolute asset sequestration.

Doug Kass, president of hedge fund Seabreeze Partners Management said that “this is a major blow to confidence that is already shattered — anyone on the fence will probably try to take their money out.”

Wednesday, June 30, 2010

An explosion at the University of Missouri-Columbia (Mizzou) on Monday afternoon left four people injured, authorities say.

The explosion occurred in a science laboratory in Schweitzer Hall around 2:20 p.m. CDT (1920 UTC) Monday. The source of the explosion was first thought to have been a 2,000-pound (907.2-kilogramme) hydrogen tank, but fire officials later said that this was not the case. The cause of the incident is currently under investigation by the Columbia Fire Department.

The Columbia Fire Department arrived at Schweitzer Hall after a report of a structure fire, but found that most of the fire had already been extinguished by the building’s fire sprinkler system. The remaining flames were put out by firefighters, one of whom said it looked as if “a bomb went off in the lab”.

Of the four hurt in the blast, one was a research scientist, one a graduate student, and the other two postdoctoral fellows. Three were treated for mild injuries and released from University Hospital, while the fourth was in good condition after being taken to the hospital’s burn unit for life-threatening injuries. A school spokesperson said that the university was not allowed to release the names of the victims.

Authorities initially believed that a large container of hydrogen gas had exploded, but investigators later said that the tank was intact. Fire officials also retracted an earlier statement that said the incident had been a result of human error. In a Monday night news release, the fire department said that lab workers had turned on the hydrogen but did not recognize warning signs indicating a dangerously high level of hydrogen gas in the lab, so they left the gas supply running. The report said the explosion occurred after the gas reached a source of ignition. However, the department said Tuesday that the investigation into the explosion is still ongoing and that they were not certain human error was the cause.

The investigation should determine the cost of repairs for the building, as well as whether the school should implement new procedures to avoid similar incidents in the future. The lab where the explosion took place will be totally rebuilt.

Schweitzer Hall houses Mizzou’s biochemistry department, which is part of the medical and agricultural programs. The building’s single classroom is located in the basement and was not in use at the time. The explosion happened on a third-story lab assigned to Judy Wall, a university professor, who was in her office across from the lab during the incident and referred inquiries to the news bureau. Other labs in the building were not disturbed, and Schweitzer Hall was established to be structurally sound, although nearly twenty windows had been shattered from the blast. The building reopened Tuesday for researchers to continue working.

Thursday, May 26, 2011

On Friday evening, an explosion in Chengdu, China caused partial shutdown of a facility operated by Foxconn, one of the world’s biggest electronics manufacturers and a major supplier to companies like Hewlett-Packard, Dell, Sony, Apple, Motorola and Nokia. Initial investigations now suggest the explosion was caused by poor ventilation, which lead to high concentrations of combustible dust.

The blast happened at 7:18PM, around the time workers change shifts. A fire followed. Emergency services had control by 7:30PM. At least three people were killed, at least fifteen injured. Foxconn halted production to investigate, saying “All operations at the affected workshop remain suspended and production at all other workshops that carry out similar processing functions have also been halted pending the results of the investigation. All other production operations in our facilities in China continue operating normally.”

On Monday, city officials gave the cause as combustible dust in the air at a polishing workshop. Hong Kong-based labor rights group Students & Scholars Against Corporate Misbehavior said they reported aluminium dust problems in March when they reviewed working conditions at Foxconn. After the explosion, they commented that workers were complaining “the ventilation of the department is poor. Workers polish the iPad cases to make them shiny. In the process, there is lots of aluminum (aluminium) dust floating in the air. Workers always breathe in aluminum dust even though they put on masks. When workers take off their cotton gloves, their hands are covered with aluminum dust.”

Foxconn responded by saying the group was trying to “capitalize on the tragic accident” and misrepresented “Foxconn’s commitment to the health and safety of our employees.”

Foxconn is responsible for making iPads and iPhones for Apple. Research group IHS iSuppli said the explosion may cause loss of production of 500,000 iPads during this quarter of the year. They said there is a larger facility in Shenzhen, but it cannot cope with re-compensating the possible loss.

Sunday, February 19, 2006

The United States Secretary of Defense Donald Rumsfeld said that U.S. public diplomacy efforts need to do more in the media to communicate a message friendly to democracy.

“We’ll need to do all we can to attract supporters to our efforts and to correct the lies that are being told, which so damage our country, and which are repeated and repeated and repeated,” Rumsfeld said in an address to the Council on Foreign Relations in New York city on Friday. He said that insurgent groups have learned to use media and its new satellite and Internet technologies, and are working 24/7, to manipulate public opinion.

Rumsfeld called for the need to implement a “strategic communications framework” to present news information in Afghanistan and Iran. He warned, ” …the [news] vacuum will be filled by the enemy and by news informers that most assuredly will not paint an accurate picture of what is actually taking place.” He said there was a need for communications training of military public affairs officials. The Department of Defense would begin with an emphasis on using out-sourced media expertise found in the private-sector, as was done with the controversial use of Lincoln Group who placed pro-democracy stories in Iraqi media in a business arrangement with the U.S. military.

Rumsfeld was critical of the U.S. media for its sharp response to that program at his address in New York, which he said had the effect of stopping that military effort. In an appearance on the The Charlie Rose Show, a televised program taped earlier and then aired by PBS last Friday, the same day as his New York address, Rumsfeld said “When we heard about it, we said, ‘Gee, that’s not what we ought to be doing.’ … They stopped doing that.” But in a Los Angeles Times report, a Lincoln Group insider and a U.S. commander in Iraq, General George W. Casey, said the program was still in existence.

The White House has signaled a shift towards the use of media in the “War against Terror”. The U.S. Secretary of State Condoleezza Rice said in Senate testimony on Wednesday last week that $10 million is already appropriated to support political dissidents, labor union leaders and human rights activists in Iran. The Bush administration will be asking for an additional $75 million in funding for the 2006 fiscal year to expand the program.

Wednesday, April 22, 2015

In New South Wales (NSW), Australia, two men and a woman died yesterday after search-and-rescue operations failed to rescue them from floods in Dungog, roughly 200 km (125 miles) north of the state’s capital, Sydney.

Storms hit communites along the east coast of Australia including Newcastle, the Hunter Region, the Central Coast, the Illawarra region, and Sydney. The Bureau of Meteorology reported a deep low-pressure system has caused heavy rainfall and strong winds which reached 130kph (80mph). Winds were predicted to ease today.

There have been blackouts throughout the region and severe flooding which has caused roads, bridges and houses to be washed away. More than 500 volunteers were working with the State Emergency Service to assist with operations and protect individuals, with firefighters from the Rural Fire Service and Fire Rescue according to State Emergency Service deputy commissioner Steven Pearce. They issued a warning that residents in Newcastle and surrounding areas might experience flash flooding.

The Insurance Council of Australia reported already during the day yesterday more than 5500 policyholder claims due to the storms. New South Wales premier Mike Baird said people should leave work early and arrive home before dark, as storms were predicted to intensify.

NSW transport authorities said 300 sets of traffic lights in Syndey were out and motorists should be cautious or preferably not drive. Authorities advised residents to stay away from flood-waters and from areas exposed to surf, where heavy surf can lead to coastal damage and erosion.

The New South Wales Emergency Services Minister David Elliot said it was a “once-in-a-decade storm”.