A compilation of brief news reports for Friday, January 20, 2012.
If you believe any of these stories deserves more in-depth coverage, feel free to write a full article on the issues raised.
Thursday, January 11, 2018
On Tuesday, the first major rain storm of the year in Southern California led to flooding that has caused at least fifteen deaths, mainly in Santa Barbara County. The flooding was exacerbated by last month’s wildfires; particularly hard-hit was the wealthy community of Montecito, downstream of the site of the Thomas Fire, where at least six houses were destroyed. More than 160 people have been hospitalized, four in critical condition.
According to the United States National Weather Service, five and a half inches of rain has fallen over two days in parts of Ventura County, and more than four inches in parts of Santa Barbara County. In areas burned by the wildfires, ground cover that would have reduced runoff had been destroyed, and an impermeable layer of ash and burned soil had been created. As a result, torrents of mud ran downhill and inundated places such as Montecito. Mike Eliason, a spokesman for the Santa Barbara County Fire Department, said homes in the wealthy community had been “wiped away from their foundations” by mudflows, which also burst a gas main, leading to a fire that destroyed another building.
Sections of the 101 freeway were closed by flooding; a driver told television station KTLA that mud came “out of nowhere” and covered the highway in “about five seconds” and that he was glad he was still alive. James Cook, the Los Angeles correspondent for BBC News, reported that roads were being blocked by “boulders the size of small cars” which had tumbled down the hills. BBC also reported, 300 people had been trapped in Romero Canyon. Bill Brown, the Sheriff of Santa Barbara County, said at mid-afternoon that the number of deaths had reached thirteen and might rise. He described the flood-ravaged areas as looking “like a World War I battlefield” and said that emergency dispatchers had fielded some 600 calls between 3:00 and 6:00 am.
Emergency services including the Ventura County Aviation Unit were kept busy rescuing people. The Coast Guard sent aircraft to assist. Spokesmen reported fifty people had been rescued in each of Los Angeles and Santa Barbara Counties. Montecito resident, Berkeley Johnson, told the Santa Barbara Independent that he and his wife had taken refuge on the roof of their house but climbed came down when they heard a child crying. With a fireman’s help were able to dig out a two-year-old girl, who looked like a “muddy doll” according to Johnson.
Officials issued evacuation orders on Monday for thousands of people living in Santa Barbara, Los Angeles, and Ventura counties, but Montecito was under only voluntary evacuation. Some of the evacuation orders were lifted later on Tuesday as the rain became lighter.
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.”
Thursday, November 20, 2008
Vela International Marine, the Saudi Arabian company that owns the MV Sirius Star oil tanker which was captured by pirates on November 15, has begun negotiations with the Somali pirates.
The Saudi Foreign Minister Saud al Faisal said that talks had begun, but he did not say whether a ransom would be paid. Vela International Marine, which is owned by state-owned Saudi Aramco, would only say it is “working toward [the crew’s] safe and speedy return.”
“We do not like to negotiate with pirates, terrorists or hijackers,” said Saud al Faisal in Rome, after speaking with Franco Frattini, the Foreign Minister of Italy.
Dubai-based television network Al Jazeera broadcast an audiotape of a man who said he was with the pirates. He identified himself as Farah Abd Jameh.
“Negotiators are located on board the ship and on land. Once they have agreed on the ransom, it will be taken in cash to the oil tanker. We assure the safety of the ship that carries the ransom. We will mechanically count the money and we have machines that can detect fake money,” the man said. He did not mention any specific amounts for the ransom.
| We do not like to negotiate with pirates, terrorists or hijackers. | ||
The British Foreign Office released a statement Wednesday which identified two of the crew as chief engineer Peter French and second officer James Grady. The rest of the 25-man crew are from Croatia (1), Poland (2), Philippines (19) and Saudi Arabia (1). They are all reported to be safe.
Foreign Secretary David Miliband said that the Royal Navy was coordinating a European response.
Dominique Montecer, the director of operations at GEOS Group, a corporate risk management firm, cast doubt on a military response.
“Everything is possible but it would take extraordinary means and organization, and the risk of an ecological disaster is very high. They are sitting on a bomb,” Montecer said.
“It’s certainly a very complex environment to work in — a Liberian-flagged vessel, owned by a Saudi company, in Somali waters, with so many different nationalities on board,” said Lt. Nate Christensen of the United States Navy when asked about the possibility of taking back the Sirius Star by force.
“Shipping companies are already making decisions not to go through the Gulf of Aden, and making the decision to take the much longer route around the south of Africa,” said Peter Hinchcliffe, marine director of the International Chamber of Shipping. “And with the increase in intensity of attacks, that is something that is going to be much more frequent. It’s adding let’s say an average of two weeks to the passage time.”
Since the capture of the Sirius Star, pirates in the Gulf of Aden have taken at least three other ships. These include a Chinese ship carrying wheat, a Greek bulk carrier, and a Thai fishing vessel.
The International Maritime Bureau reports that Somali pirates currently hold 14 ships along with an estimated 250 crew members. Since January, there have been over 30 hijackings in the area, while another 60 ships have been attacked.
Among the ships still held is the Ukrainian cargo ship MV Faina, which has a cargo of 33 Russian T-72 battle tanks, as well as other weapons. The Faina was hijacked on September 25.
Meanwhile, the Indian Navy has reported that it encountered and destroyed what it called a pirate “mother ship” on Tuesday. India dispatched frigate INS Tabar last month to protect its merchant shipping in the Gulf of Aden. The pirate vessel reportedly threatened the Indian frigate after it was hailed.
Several NATO members, as well as Russia, India and Malaysia have all sent warships to the region to protect merchant shipping in the area. The Combined Task Force 150, formed as a multinational coalition in the War on Terrorism, was restructured in 2006 to aid in anti-piracy efforts.
Friday, March 28, 2008
2008 Taipei International Cycle Show (Taipei Cycle) & Taipei International Sporting Goods Show (TaiSPO) not only did a best reunion with conjunctions of the launch of Taipei World Trade Center Nangang Exhibition and the concurrent cycling race of 2008 Tour de Taiwan but also provide opportunities and benefits for sporting goods, bicycle, and athlete sports industries to establish the basis of the sourcing center in Asia and notabilities on the international cycling race.
Although the Taipei cycle was split from the TaiSPO since 1988, but the trends of sporting good industry in Taiwan changed rapidly and multiply because of modern people’s lifestyles and habits. After the “TaiSPO Innovation Award” was established since 2005, the fitness and leisure industries became popular stars as several international buyers respected on lifestyle and health.
For example, some participants participated Taipei Cycle and TaiSPO with different product lines to do several marketing on bicycle and fitness equipments, this also echoed the “Three New Movements” proposed by Giant Co., Ltd. to make a simple bicycle with multiple applications and functions. As of those facts above, Wikinews Journalist Rico Shen interviewed Ideal Bike Corporation and Gary Silva, designer of “3G Steeper” to find out the possibilities on the optimizations between two elements, fitness and bicycle.
Monday, August 14, 2006
An additional round of new photos of a recuperating Fidel Castro have been published in the Cuban media. There has been international speculation on the state of the Cuban leader’s health since he temporarily relinquished power two weeks ago prior to undergoing intestinal surgery. Castro had not been seen in those two weeks, and there were rumours that he was dead or nearing death.
The official Communist Party daily Granma today published pictures of Castro meeting Venezuelan president Hugo Chavez on the Cuban leader’s 80th birthday, yesterday. The paper referred to the meeting as “three hours of emotional exchange” quoting Chavez as saying “This is the best visit I’ve ever had in my life.” Earlier, acting Cuban leader Raul Castro made his first public appearance since taking power when he welcomed Chavez to Cuba at the airport. The brothers also appear together in one of the new photos.
The earlier round of pictures released Sunday by the Juventud Rebelde (Rebel Youth) newspaper show Castro speaking on the phone and holding Saturday’s edition of the Communist Party newspaper Granma.
Castro also released a statement yesterday saying that his health had improved but that his recovery would take more time.
“To say that objective stability has improved considerably is not to invent a lie. To affirm that the period of recovery will last a short time and that there is no longer any risk would be absolutely incorrect.”
“I ask you all to be optimistic and at the same time to be ready to face any adverse news,” said Castro, who also thanked the Cuban people for their love and support during his health crisis. The statement was the first from the Cuban leader since undergoing surgery.
Granma reported Saturday that Castro is now “up” and “working”. The official newspaper reported that according to an unnamed friend of Castro “the leader of the revolution, after receiving some physiotherapy, took his first steps in the room, then, sitting on a coach, talked vividly”.
Though most official celebrations of Castro’s birthday have been postponed (possibly until December), three thousand well-wishers have gathered for a five-hour birthday concert on Havana’s Malecon seafront boulevard.
Wednesday, December 31, 2008
Also try the 2008 World News Quiz of the year.
What would you tell your grandchildren about 2008 if they asked you about it in, let’s say, 20 years’ time? If the answer to a quiz question was 2008, what would the question be? The year that markets collapsed, or perhaps the year that Obama became US president? Or the year Heath Ledger died?
Let’s take a look at some of the important stories of 2008. Links to the original Wikinews articles are in all the titles.
Friday, September 14, 2007
The Kennedy Center announced that its 30th presentation of the Kennedy Center Honors would go to pianist Leon Fleisher, comedian Steve Martin, singer Diana Ross, director Martin Scorsese and musician Brian Wilson. The Center was opened to the public in 1971 and was envisioned as part of the National Cultural Center Act, which mandated that the independent, privately-funded institution would present a wide variety of both classical and contemporary performances, commission the creation of new artistic works, and undertake a variety of educational missions to increase awareness of the arts.
In a statement, Kennedy Center Chairman Stephen A. Schwarzman said that “with their extraordinary talent, creativity and perseverance, the five 2007 honorees have transformed the way we, as Americans, see, hear and feel the performing arts.”
Fleisher, 79, a member of the Peabody Institute‘s music faculty, is a pianist who lost use of his right hand in 1965 due to a neurological condition. He became an accomplished musician and conductor through the use of his left hand. At 67, he regained the use of his right hand. With the advent of Botox therapy, he was once more able to undertake two-hand performances in 2004, his first in four decades. “I’m very gratified by the fact that it’s an apolitical honor,” Fleisher said. “It is given by colleagues and professional people who are aware of what [an artist] has done, so it really is apolitical — and that much more of an honor.”
Martin, 62, a comedian who has written books and essays in addition to his acting and stand-up comedy career, rose to fame during his work on the American television program Saturday Night Live in the 1970’s. Schwarzman praised his work as that of a “renaissance comic whose talents wipe out the boundaries between artistic disciplines.” Martin responded to the honor saying, “I am grateful to the Kennedy Center for finally alleviating in me years of covetousness and trophy envy.”
Ross, 63, was a product of Detroit‘s Brewster-Douglass Projects when as a teeager she and friends Mary Wilson and Florence Ballardis formed The Supremes, a ground-breaking Motown act. She portrayed singer Billie Holiday in the 1972 film Lady Sings the Blues, which earned her an Oscar nomination and a Golden Globe award. “Diana Ross’ singular, instantly recognizable voice has spread romance and joy throughout the world,” said Schwarzman. Ross said she was “taken aback. It is a huge, huge honor and I am excited to be in this class of people.”
Scorsese, 64, is one of the most accomplished directors the United States ever produced, whose work includes Mean Streets, Taxi Driver, GoodFellas, Cape Fear, The Last Temptation of Christ and The Departed, for which he won a 2006 Academy Award for Best Director after being nominated eight times. Scorsese said, “I’m very honored to be receiving this recognition from the Kennedy Center and proud to be joining the company of the very distinguished individuals who have received this honor in years past.”
Wilson, 65, along with his brothers Dennis and Carl, formed the Beach Boys in 1961. They had a series of hits that included “Surfin’ U.S.A.” and “Wouldn’t It Be Nice.” Their 1966 album Pet Sounds is considered one of the most influential recordings in American music. “This is something so unexpected and I feel extremely fortunate to be in the company of such great artists,” said Wilson, who is currently on tour.
The Kennedy Center’s board of trustees is responsible for selecting honorees for “lifetime contributions to American culture through the performing arts.” Previous honorees, including Elton John and Steven Spielberg, also submitted recommendations. A wide variety of people were under consideration, including Emanuel Ax, Evgeny Kissin, Renee Fleming, Laurence Fishburne, Francis Ford Coppola, Melissa Etheridge and Kenny Chesney.
President Bush and first lady Laura Bush will attend the center’s presentation at its opera house on December 2, 2007, which will broadcast on December 26 on CBS.
Friday, July 15, 2005
GOP Senators voted down an amendment “To protect classified information and to protect our servicemen and women.”, attached to a “Department of Homeland Security Appropriations” Bill. The amendment would have revoked access to classified information from federal employees who disclose the information to unauthorized sources. This followed an attempt by Democratic Senators to strip White House Deputy Chief of Staff Karl Rove of his security clearance.
The amendment comes as George W. Bush declined to reaffirm his pledge to fire any official involved in the leaking of covert CIA agent Valerie Plame after documents subpoenaed by the U.S. Supreme Court named his chief advisor Karl Rove as a source of the leak.
In a press briefing on September 29th, 2004, White House spokesman Scott McClellan, in response to the question “Scott, has anyone — has the president tried to find out who outed the CIA agent? And has he fired anyone in the White House yet?”, stated that “The president has set high standards, the highest of standards for people in his administration. He’s made it very clear to people in his administration that he expects them to adhere to the highest standards of conduct. If anyone in this administration was involved in it, they would no longer be in this administration.” [1] The next day, in a meeting with business people, George W. Bush said that “If somebody did leak classified information, I’d like to know it, and we’ll take the appropriate action.” [2] The New York Times [3] and The Washington Post [4] however, misrepresented Bush’s promise as a promise to fire only those administration officials who “knowingly” or “illegally” disclosed Plame’s identity.
In a press conference this Monday, White House spokesman Scott McClellan was asked if the president stood by his statements made in September 2003, in light of recent evidence that Karl Rove was involved in the leak. Scott McClellan declined to reaffirm this policy, citing an ongoing investigation.
Pressed to explain its statements of two years ago that Rove wasn’t involved in the leak, the White House refused to do so.
“If I were to get into discussing this, I would be getting into discussing an investigation that continues and could be prejudging the outcome of the investigation,” White House spokesman Scott McClellan said.
The statements made by Scott McClellan two years ago were made during the investigation that continues and may have prejudiced the outcome of the investigation. When reporters asked McClellan to explain this inconsistency, McClellan gave the same response. When asked if the Administration was told not to discuss the investigation while it was ongoing after he claimed that Karl Rove was not involved in the leak, and not before, Scott McClellan gave the same response. [5]
Senate Democratic leader Harry Reid of Nevada added this amendment to the Bill:
Senate Majority Leader Bill Frist, R-Tenn., amended the amendment:
The first part of this amendment was in response to Joe Wilson’s correction of George W. Bush’s representation of his and his associates’ intelligence assessment regarding uranium in Niger. The second was in response to recent criticism of the treatment of prisoners in detention facilities operated by the United States, most notably at Guantanamo Bay by officials including Senator Richard Durbin.
The Republican-controlled Senate ultimately voted down both amendments on July 14th.
House Representative Rush Holt, D-N.J., has introduced legislation for an investigation that would compel senior administration officials to turn over records relating to the Plame disclosure.
Saturday, April 16, 2005
A premier for the Netherlands, a special 2.6 kilometer pedestrian route was opened last Friday in the “Drents-Friese Wold” national park, designed specially for the elderly and the impaired.
For the hearing-impaired, sound amplifiers have been implanted on several points along the route. These amplifiers repeat nature sounds specific to the point at a much louder volume. These sounds are changed according to the season.
For the visually impaired, special guide-lines have been placed along the route, leading to special signposts with braille and normal texts.
The route was built with level cement as to make it accessible to wheelchairs and other aids. For the elderly, benches have been placed at 50 meter intervals. A toilet for the disabled is also available.
Funding to cover the 300,000 euro costs were provided by Staatsbosbeheer (national forest administration) and funding by private and commercial sectors.