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Monday, April 14, 2008

This weekend, April 12–13, the joint Development Committee of the World Bank Group and the International Monetary Fund (IMF) held its annual Spring Meeting in Washington, D.C.

The Group of Seven (G7), which is comprised of the economic policy makers from the United States, United Kingdom, France, Germany, Italy, Canada, and Japan, held its annual meeting on Friday, April 11. This meeting, which rotates locations, was also held in Washington, D.C.

The Development Committee meeting ended on Sunday, with a call from the economic leaders for assistance to the countries which been adversely affected by rising food prices. Economic growth has slowed to its lowest rate in five years, while the rising costs of food and energy have not slowed.

Robert Zoellick, the president of the World Bank, said, “We have to put our money where our mouth is. Now. So that we can put food into hungry mouths. It’s as stark as that.” He called for US$500 million in emergency funds for the United Nations’s World Food Programme by May 1, 2008.

“All that has been done [in the past decade] can be undone very rapidly by the crisis coming from the increase in food prices,” said Dominique Strauss-Kahn, the managing director of the IMF.

“Children will be suffering from malnutrition, with consequences for all their lives,” he said. He cited the growing use of land for biofuels as contributing to rising food costs. In the end growing violence and civil unrest could be a result.

Strauss-Kahn further warned that eventually it could become “not only a humanitarian question,” but could also affect developed nations by leading to trade imbalances.

Specifically cited as a current example, was Haiti, where just this weekend, violence escalated resulting in the death of a United Nations peacekeeper and the ousting of Prime Minister Jacques-Édouard Alexis.

United States Secretary of the Treasury Henry Paulson cautioned that affected countries “need to resist the temptation of price controls and consumption subsidies that are generally not effective and efficient methods of protecting vulnerable groups.”

Price controls and subsidies “tend to create fiscal burdens and economic distortions while often providing aid to higher-income consumers or commercial interests other than the intended beneficiaries,” Paulson said.

In their Friday statement, the G7 said “there have been at times sharp fluctuations in major currencies, and we are concerned about their possible implications for economic and financial stability.” This marked the first time since the February 2004 meeting in Boca Raton, Florida, that the wording on foreign exchange has been altered.

The G7 presented a plan to strengthen regulation of capital markets. They urged financial firms to “fully” disclose their at-risk investments and improve capital reserves. While the G7 did not outline new monetary or fiscal policies, it did promise action “as appropriate.” The timetable for the plan is 100 days.

The head of G7 Market Economics at Tullett Prebon, Lena Komileva, observed, “The implicit message is that the G7 is moving closer towards concerted action in the event that persistent volatility in the foreign exchange market presents new risk of systemic failure in the financial industry.”

“While action is unlikely in the short run, they are probably already considering a pre-emptive move in foreign exchange markets to slow the dollar’s decline,” added Komileva.

Economists at Goldman Sachs told their clients, “After a period where the possibility of G7 policy intervention seemed very remote, providing no counterweight to the dollar depreciation forces, we are moving towards a regime where G7 intervention is a more real possibility.”

Tuesday, March 13, 2007

Pennsylvania governor Ed Rendell announced Tuesday morning that a deal had been struck between state and local officials and the Pittsburgh Penguins hockey franchise. The Penguins organization will formally announce the deal tonight, prior to the Penguins game against the Buffalo Sabres at the Mellon Arena. The deal will ensure that the Penguins will remain in the city with a 30 year lease on a new arena to be built in downtown Pittsburgh. The framework of the deal was constructed in an emergency meeting last Thursday in Philadelphia, when both government and franchise officials indicated that progress had been made, with the details laid out over the weekend. With the new deal, the Penguins organization would be expected to pay $3.8 million per year, as well as $7.5 million per year from both Don Barden, owner of Majestic Star Casino, and the state economic development fund. The Penguins organization has also been given the option of building a parking garage on property of the Pittsburgh Sports Authority between Centre and Fifth avenues, by contributing $500,000 per year.

The new arena is expected to cost approximately $290 million, and should be completed and ready to host hockey games by 2009. The Penguins will sign a temporary lease to keep the team at Mellon Arena until the new building is finished.

Monday, October 1, 2007

Robert (Bob) Innes is running for the Family Coalition Party in the Ontario provincial election, in the Hamilton East—Stoney Creek riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Thursday, July 5, 2007

25 people were killed today and 33 were injured when a large explosion ripped through a karaoke bar in Tianshifu, Liaoning Province, China. The state-run Xinhua news agency says the cause of the disaster is under investigation. Four people are reported to be in a serious condition.

Originally, Xinhua reported only five fatalities, but as rescue workers continued to move away debris, the full extent of the death toll was discovered. Xinhua has also reported that several employees at the bar, as well as the wife of the owner, were being questioned. According to a philly.com article authored by The Associated Press, Xinhua failed to state whether this was as witnesses or as suspects in any potential criminal activity, but the Shanghai Daily said that Xinhua had reported the people had been detained as suspects. The owner himself, Mr. Qu, was killed in the blast.

Investigators say they are currently unsure if the blast was purely accidental, or if foul play was involved, as all efforts were initially focused on attempting to locate survivors. The two-storey building, which also housed a bathhouse, was completely leveled by the blast. In addition, several cars were buried under the debris and windows in nearby buildings were shattered by the pressure wave. A power cut in the area was also caused by the blast due to damage to the local electricity network.

77-year-old local resident Chen Xiaohong, who lives 50 metres from ground zero, described the explosion: “I was watching my grandson finishing his lessons. Suddenly, we heard a big bang, then the door burst open from effects of a powerful shock wave and the lights went out… We were lucky not to have been hurt.” Meng Xianling, who runs a seafood stall located down a narrow lane opposite the site of the accident building, commented that “I was afraid the parlor’s boiler would explode. Mercifully, it didn’t.”

China has been the location of many disasters in both public and private places, such as fires and explosions. Earlier this year, an unsafe arrangement with a two-ton steel ladle resulted in the Qinghe Special Steel Corporation disaster, in which molten steel was accidentally poured into a room full of workers, killing 32. The majority of China’s accidents stem from a combination of lax safety regulations and negligence, and accidents continue regularly despite promises by the government to prevent them.

Wednesday, April 8, 2009

Ernest Krajniak from Chilton, Wisconsin in the United States has been charged with arson after a lit cigarette ignited gasoline soaked clothes, setting his apartment ablaze.

On Friday April 3, Krajniak, 47, cleaned his entire apartment with about five gallons of gasoline, wiping everything down with the soaked clothes. After he was finished, he piled the soaked clothes in the center of his bedroom, lit a cigarette and then threw what was left of the still lit cigarette, into the pile.

Krajniak never called the fire department and never pulled the alarm. Instead he yelled ‘fire’ a few times then walked to the police station where an ambulance took him to a local hospital for the treatment of minor burns. The fire department later arrived to put out the blaze and his apartment was extensively smoke damaged. 11 other apartments were also damaged, leaving the occupants without a place to stay for at least a week.

“I should have never used that,” said Krajniak during a court appearance on Monday. He admitted to knowing that gasoline was highly flammable. He was arrested and his bond has been set a US$2,500. Krajniak’s next court appearance is scheduled for Monday, April 13. According to WISinfo.com, Krajniak has no prior criminal record.

The careless smoking of cigarettes has been blamed for thousands of fires across the U.S. In January 2008, an unnamed elderly woman in Buffalo, New York was receiving oxygen for medical problems in her home and lit a cigarette and began to smoke it. The oxygen coming from her mask then facilitated the ignition of her clothing, setting her on fire.

In the U.S. in 2002, only 4% of all residential fires were reportedly caused by smoking materials. These fires, however, were responsible for 19% of residential fire fatalities and 9% of injuries. The fatality rate due to smoking is nearly four times higher than the overall residential fire rate; injuries are more than twice as likely. Forty percent of all smoking fires start in the bedroom or living room/family room; in 35% of these fires, bedding or upholstered furniture are the items first ignited.

Saturday, October 26, 2013

Following incorrect statements by media organizations that include Fox News and the New York Post earlier in the week that the US Marine Corps were changing their hats in order to make them more gender neutral, the Corps issued a statement yesterday countering the claim, saying they are only changing the dress hat for women. In a statement on their website, they said this change is only “for female Marines because the current manufacturer is going out of business”.

Commandant of the Marine Corps General James F. Amos is quoted in the Corps statement as saying, “the President in no way, shape or form directed the Marine Corps to change our uniform cover.” The quote follows media claims the US President directed the Marine Corps to make a change to a more “girly” dress hat.

The women’s hats were made by a different manufacturer than the men’s hat. At the same time, the US Department of Defense also asked the Corps to develop a more unisex option for both dress and service hats. In preparation for a quarterly meeting of the Marine Corps Uniform Board scheduled for next week, a survey was sent out asking for feedback on whether women’s hats should be made to more closely model the current men’s dress hat or if all Marines should switch to the Dan Daly cap.

Other changes in the US military uniforms are scheduled to take place by the end of the year. In the Navy, flame-resistant variant coveralls are scheduled to be introduced in December of this year. Admiral Bill Gortney, the head of Fleet Forces Command, is quoted in the Marine Corps Times as saying. “Our sailors’ safety is our primary concern here […] If you’re on board a ship and a fire breaks out, you rush to that scene, you escape that scene or you’re assisting a shipmate in whatever you’re wearing. And so this fills in that particular need. You combine this with our existing flash hoods and gloves and you tuck your leg pants in […] it will provide the fire-resistant capability that we think is needed.”

See the discussion page for instructions on adding schools to this list and for an alphabetically arranged listing of schools.

Due to the damage by Hurricane Katrina and subsequent flooding, a number of colleges and universities in the New Orleans metropolitan area will not be able to hold classes for the fall 2005 semester. It is estimated that 75,000 to 100,000 students have been displaced. [1]. In response, institutions across the United States and Canada are offering late registration for displaced students so that their academic progress is not unduly delayed. Some are offering free or reduced admission to displaced students. At some universities, especially state universities, this offer is limited to residents of the area.