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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.”

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Wednesday, July 8, 2009

Thailand’s fugitive ex-premier, Thaksin Shinawatra is in the news again today, phoning supporters in the country and appealing for no celebration of his sixtieth birthday at Sanam Luang outside the royal palace in Bangkok. This follows some red-shirted United front for Democracy against Dictatorship (UDD) supporters vowing to go ahead with the party despite Bangkok‘s Governor, Sukhumband Paribatra, saying he will deny any request.

According to Thailand’s English-language Bangkok Post, UDD leader Shinawat Haboonpad expressed determination to see the July 26 celebration go ahead, “… we will show our civil disobedience and ignore his order”.

The divisive impact of the populist Thaksin stretches back prior to him being ousted by a bloodless military coup in September 2006. As far back as 2005 figures within the Thai establishment were speaking against him; Thaksin used the courts to try and prevent dissemination of negative material, including the publication of a sermon by a respected Buddhist monk who compared him to Phra Devadhat, the Thai Buddhist equivalent of the devil. Bangkokians formed into the yellow-shirted anti-Thaksin People’s Alliance for Democracy (PAD) accusing the Prime Minister of corruption. Following the military intervention in 2006, and a groundswell of support among rural poor voters, the opposing pro-Thaksin groups formed into the UDD. Despite conviction in-absentia, Thaksin colours Thai politics, and has derailed efforts to stabilise the country’s political institutions.

This past week it has been the lead-up to the December 2008 dissolution of the pro-Thaksin People’s Power Party (PPP) government that has resurfaced. The then-Prime Minister, Somchai Wongsawat was barred from politics and his PPP dissolved by the country’s Constitutional Court following anti-Thaksin yellow shirts occupying Bangkok’s international airport and stranding as many as 300,000 tourists in the country. Now the country’s Foreign Minister, Kasit Piromya, a PAD leader, is facing pressure to step down for his part in the airport siege and blockade.

A report in Monday’s Bangkok Post indicates that Thai authorities continue to pursue Thaksin. The Interior Minister said that an attempt had been made to arrest Thaksin in Malaysia’s capital, Kuala Lumpur, but he had evaded capture and managed to return to Fiji where he remains in exile and a fugitive.

Thursday, July 28, 2005

The U.S. House of Representatives approved the Central American Free Trade Agreement (CAFTA) early morning Thursday, with a narrow vote of 217 in favor, 215 against. Voting was held open for an hour, 45 minutes past the House’s 15-minute voting rule as the President along with other supporters lobbied into the night.

The vote was so close, if one House member changed a “Yea” vote to a “Nay” vote, CAFTA would have failed in a 216-216 tie.

In tallying the votes, 25 Republicans, mostly from Midwest Corn Belt and Rust Belt states and the Southeast United States’s textile industrial belt, broke party line to vote against the measure. Two Republicans were present, but refused to vote.

The Democrats presented a more united front. All but 15 Democrats present voted against the treaty. Independent House members, who usually vote with the Democrats also voted against the measure.

Supporters of the measure include President George W. Bush, Vice President Dick Cheney, U.S. Trade Representative Rob Portman and Commerce Secretary Carlos Gutierrez. Opponents included most House Democrats.

The trade agreement already passed the Senate in June. President Bush has said he will sign it into law.

DR-CAFTA encompasses the following components:

• Services: all public services are to be open to private investment.
• Investment: governments promise to grant ironclad guarantees to foreign investment.
• Government procurement: All government purchases must be open to transnational bids.
• Market access: governments pledge to reduce and eventually to eliminate tariffs and other measures that protect domestic products.
• Agriculture: duty-free import and elimination of subsidies on agricultural products.
• Intellectual property rights: privatization of and monopoly over technological know-how.
• Antidumping rules, subsidies and countervailing rights: governments commit to phase out protectionist barriers in all sectors.
• Competition policy: the dismantling of national monopolies.
• Dispute resolution: the right of transnationals to sue countries in private international courts.
• Environmental protection: the enforcement of environmental laws and improvement of the environment.
• Labor standards: the enforcement of the International Labour Organization‘s core labor standards.
• Transparency: the reduction of government corruption.
• Test-Data Exclusivity for pharmaceutical corporations

Sunday, March 4, 2007

A Spanish hospital reported today that three premature babies have died within one week from the same infection. The babies, who were being cared for in the neonatal intensive care unit of Madrid‘s 12 de Octubre Hospital, all died after being infected with Klebsiella pneumoniae bacterium. Authorities also suspect that a fourth baby has become infected with the bacterium. The Spanish patients’ association ADEPA has asked the public prosecutor of the Madrid Region, Manuel Moix, to open an investigation into the matter.

This morning, hospital authorities stated that the first death occurred on 26 February. A baby born eight weeks prematurely and weighing just under one kilo died due to septic shock arising from the infection, which was unconnected with the symptoms of his premature birth, according to hospital reports.

Shortly afterwards, two babies in the same unit died on 2 March. They appear to have died from the same infection; however the hospital stated that they are still waiting for confirmation of the cause of death. A fourth baby has been found to have the bacteria on his skin, but as yet there is no confirmation of whether he has been infected. The hospital states that although the baby is in a serious condition, this is to be expected when a baby is born so premature, and that his condition is also due to other factors, unrelated to the bacterium, which have arisen since his birth.

The hospital authorities have asserted that all of the babies in its care are under close supervision, and are being periodically monitored by the Preventive Medicine Centre, in order that the most up-to-date information may be had on the state of any and all patients in the hospital.

To prevent further infections, the hospital has taken several measures. The first is of course rigorous medical hygiene. High-risk patients are referred to other hospitals. The hospital has been divided into two separate zones, one for those already infected and the other for those who have not yet been affected. As a consequence, 25 children who were staying in the hospital while the 3 premature babies died, remain separate from the others, to make sure newly admitted children are not exposed. The nursing staff has also been restricted to one or other of these two areas. Visits from specialists of other hospital services, and from families, has been restricted. Furthermore, an epidemiological study is being undertaken to determine the origin of the situation.

The newspaper El País reports that the bacterium Klebsiella pneumoniae is to be found in hospitals as a matter of course and is often contracted by those who have been in hospital for prolonged periods (termed a nosocomial infection). The mortality rate from the bacterium is extremely high in those cases where it’s contracted by people with serious illnesses, as is often to be expected in the case of a premature birth, which can result in newborn babies weighing less than 500 grammes.

According to the Spanish daily, this type of bacterium is prevalent in hospitals throughout the world, but the incidence of infection in Madrid hospitals is lower than the Spanish average. The head of the Neonatal Unit at 12 de Octubre Hospital, Carmen Payás, explained that the bacterium is very adaptable “and keeps on learning”. The father of the dead baby, an Ecuadorian named Angel Marcelo, was quoted as saying that the progress of the baby had at first been “tremendous”, and that he had even been taken off the respirator, but that a few days later he began to cough up blood, dying soon afterwards.

The chair of ADEPA, Carmen Flores, has appealed to the Madrid public prosecutor to open an investigation into the situation and to find those responsible. ADEPA have suggested that the investigation centre on the number of casualties among infants in the hospital, and on the question of whether conditions in the neonatal unit were a direct contributor to the incidence of the infection.

José Quero, head of the Neonatology Department of the La Paz hospital in Madrid said that, “sadly enough”, this situation was “not something exceptional,” but rather something neonatologists have to watch out for.

Friday, September 26, 2008

On October 14, 2008, Canadians will be heading to the polls for the federal election. New Democratic Party incumbent David Christopherson is standing for re-election in the riding of Hamilton Centre.

From 1985-1990, he served as a Hamilton City Councillor for Ward Four. He was elected to Ontario legislature in 1990, defeating a Liberal cabinet minister. Under Bob Rae, Christopherson served as Minister of Correctional Services and Solicitor-General. He did not seek re-election to legislature in 2003, opting to run for mayor of Hamilton. Considered a frontrunner, he lost to Larry Di Ianni.

He returned to politics just months later, changing his focus to federal politics. Christopherson beat Liberal cabinet minister Stan Keyes, the incumbent, serving as NDP critic for cities, community infrastructure, labour and steel policy. He has served as a member of the House of Commons Standing Committee on Public Accounts, and Deputy Chair of the Parliamentary Steel Caucus.

Wikinews contacted David Christopherson, to talk about the issues facing Canadians, and what they and their party would do to address them. Wikinews is in the process of contacting every candidate, in every riding across the country, no matter their political stripe. All interviews are conducted over e-mail, and interviews are published unedited, allowing candidates to impart their full message to our readers, uninterrupted.

First elected in 2004, David Christopherson is the only MP to have represented Hamilton Centre, which was created in 2003 from parts of three other ridings. Only 38 km², small versus other area ridings, its located on the south side of Hamilton Harbour. Alphabetically, Christopherson’s challengers are Anthony Giles (Libertarian), John Livingstone (Green), Lisa Nussey (Marxist-Leninist), Leon O’Connor (Conservative), Ryan Sparrow (Communist), and Helen M. Wilson (Liberal).

For more information, visit the campaign’s official website, listed below.

Sunday, December 19, 2004

CRAIG, Alaska –Rachelle Waterman, (aka Rachelle Ann Monica Waterman and “smchyrocky”), a 16-year-old girl from Craig, Alaska, USA, has been charged with the first degree murder of her mother.

The case has rapidly received a wide following on the Internet, partly because Waterman kept a public record of her thoughts and activities on LiveJournal, a popular blogging service. The last entry, which has since been removed from public view, was posted on November 18, 2004 and read:

Just to let everyone know, my mother was murdered.

A diverse group of users, both friends and strangers, have posted over 5,000 comments on the journal, positive and negative, transforming the case into an Internet phenomenon. Every entry since March 2004 has apparently now been deleted or hidden, but a ZIP archive of the entire weblog, from before the entries were deleted, is available on Deadly Blogging.

Waterman was a tenth-grade honor (A-average) student in her second year at Craig High School. She was also a member of the Academic Decathlon team (ACDC) and sang in the choir, a profile that has left many people questioning her involvement in the killing and asking what motive there might be. At the time police say the killing occurred, Rachelle Waterman was apparently playing in a volleyball tournament in Anchorage, Alaska.

Apart from the online diary Rachelle kept, the case is also unusual because matricide committed by female minors is extremely rare.

The Waterman family is a locally prominent, middle-upper class family. Born on August 26, 1988, Rachelle showed an interest in acting, computers, movies and music, and was an honor roll student, involved in many extra-curricular activities, including choir, volleyball, and the decathlon team – advancing to upper levels and winning prizes in almost every endeavor. Her mother, Lauri, was a teachers’ aide and served on the board of the Little League and the town library. Rachelle Waterman’s 60-year-old father, Carl “Doc” Waterman, is a real estate agent and serves as president of the Craig School Board. Rachelle’s older brother, Geoffrey, lives out of town and is a student at Tacoma College.

Waterman and her alleged accomplices, Jason Arrant and Brian Radel, both 24 years old, are accused of murdering and conspiring to murder Waterman’s 48-year-old mother, Lauri Waterman.

Reportedly, Arrant dropped Radel off near the Waterman home shortly after 12:00 a.m. Sunday, November 13, 2004 (local time) where Radel proceeded to kidnap Lauri Waterman, force her into a minivan owned by the Waterman family, and kill her with a blunt object.

Arrant and Radel then allegedly met at Forest Service Road 3012 at about 2:30 a.m., and Arrant followed Radel to its dead end, where Radel had driven the Waterman’s van.

Arrant then allegedly watched as Radel doused the body and van with gasoline and then used a roll of paper towels to set it on fire, in an attempt to destroy the evidence.

Alaska State Police Lt. Rodney Dial has stated that a hunter discovered Lauri Waterman’s body and her burnt-out van, while driving on Forest Service Road 3012, a remote logging road, early in the afternoon of Sunday November 142004.

On Saturday, November 202004, Alaska State Police Trooper Robert Claus stated:

On Saturday, November 20, 2004, Rachelle appeared in Craig District Court, dressed in an orange CCJF jumpsuit, for arraignment on the charges. Waterman and her alleged co-conspirators, Jason Arrant, and Brian Radel, faced a 10-count indictment, listing 26 felonies.

The Fairbanks Daily News-Miner reported that, “the complaint against Rachelle Waterman relied on statements by all three co-defendants. The complaint says the girl told one of the suspects when she and her father would be out of town.”

A report in The Ketchikan Daily News stated that, “The first seven counts of the indictment allege that all three defendants committed the crimes of conspiracy to commit first-degree murder; first-degree murder; second-degree murder; kidnapping; first-degree burglary; first-degree vehicle theft and tampering with physical evidence.” Other charges were made against Arrant and Radel. The same report went on to state, “Trooper Robert Claus, Klawock resident Jan Bush and Deputy State Medical Examiner Susan Klingler testified before the grand jury.”

Magistrate Kay Clark presided over the arraignment and set bail at $150,000. Clark also appointed a public defender to represent Rachelle, who was sent to the Juneau Department of Corrections facility.

Judge Patricia Collins, of the Juneau Superior Court, has been assigned to run the trial for the case. Judge Collins originally set a date of February 3, 2005 for the trial, but, at an arraignment that week, the trial was rescheduled for August 22. According to court officials, another postponement is likely.

Rachelle Waterman’s court-appointed attorney for the trial is Assistant Public Advocate Steven Wells. Assistant District Attorney Daniel Schally is assigned to prosecute the case.

No motive for the crime has been suggested. Readers are closely scrutinizing Rachelle’s online journal for clues.

As early as February 24th of 2004, she posted the following:

Numerous readers have pointed to Rachelle’s negative comments concerning her mother’s wishes to send her to a “fat farm” to lose weight.

In another incident, her mother grounded her (restricted her to home) for receiving an 89% score on a test. Rachelle posted these comments to her journal in response to this situation (verbatim spelling):

Other readers have pointed to the title of Rachelle’s journal, “My Crappy Life (The Inside Look of an Insane Person)”, and her negative description of her hometown as “Hell, Alaska, United States”:

Rachelle posted the following poem to her journal on August 24, 2004, with an indication that she was depressed:

She also had a strong desire not to be at home:

and even posted an “Ode to Suicide” under the following post:

Finally, the weekend before Rachelle left on a trip, during which time her mother was allegedly killed, she noted in her second-to-last entry, “I had a migraine from about 9am-6pm”.

Rachelle Waterman is currently incarcerated at the Lemon Creek correctional facility, in Alaska. She signed an agreement to be placed into the general population. Corrections Deputy Commissioner Portia Parker indicated that Waterman “is an adult in the eyes of the law.”

Alaska law places persons charged with first-degree murder at the age of 16 or older in the adult court system, and most of the records concerning this case are open to the public for inspection.

One of the last entries in Rachelle’s journal wonders whether anyone is reading her comments (verbatim spelling):

Although Waterman has not yet been convicted, sociologists and forensic psychologists are beginning to study her journal and the circumstances of her writing it. (The police have seized her computer and are examining the contents of its hard drive for evidence.)

LiveJournal has subsequently restricted the viewing of her journal.

When interviewed by Alaskan television station KTUU about the nature of online journals, (in late November, 2004) forensic psychologist Susan LaGrande commented that “[i]t’s such an anonymous vehicle that you can be whoever or say whatever you want. You don’t have all the responsibilities that are inherent in a face-to-face real, legitimate relationship.

This same report pointed out that Rachelle Waterman had mentioned suicide in her online journal.

Criminologist Susan Magestro was interviewed by KTUU on the subject of juvenile crime, in late November, 2004, after Waterman became the second teenager within two months to be accused of murdering her own parent. She stated that “I think that we’re starting to see more violence with kids who are younger, and the behaviors that they’re exhibiting are more aggressive and more violent.” Magestro also opined that “we’ve got a lot more fetal alcohol and drug children who are growing up, and they don’t understand the consequences of some of their actions.” (There is no indication that Waterman was a so-called “fetal alcohol” or “drug” child.)

KTUU reported that Magestro “…blames violent movies, TV shows and videogames for desensitizing young people, making them unable to understand the consequences — or even the reality — of their actions.”

Although Waterman has been waived into the adult justice system due to the nature of the crime, the Governor of Alaska, Frank Murkowski, has proposed increasing the number of personnel assigned to the juvenile justice system.

Friday, September 26, 2008

On October 14, 2008, Canadians will be heading to the polls for the federal election. New Democratic Party incumbent David Christopherson is standing for re-election in the riding of Hamilton Centre.

From 1985-1990, he served as a Hamilton City Councillor for Ward Four. He was elected to Ontario legislature in 1990, defeating a Liberal cabinet minister. Under Bob Rae, Christopherson served as Minister of Correctional Services and Solicitor-General. He did not seek re-election to legislature in 2003, opting to run for mayor of Hamilton. Considered a frontrunner, he lost to Larry Di Ianni.

He returned to politics just months later, changing his focus to federal politics. Christopherson beat Liberal cabinet minister Stan Keyes, the incumbent, serving as NDP critic for cities, community infrastructure, labour and steel policy. He has served as a member of the House of Commons Standing Committee on Public Accounts, and Deputy Chair of the Parliamentary Steel Caucus.

Wikinews contacted David Christopherson, to talk about the issues facing Canadians, and what they and their party would do to address them. Wikinews is in the process of contacting every candidate, in every riding across the country, no matter their political stripe. All interviews are conducted over e-mail, and interviews are published unedited, allowing candidates to impart their full message to our readers, uninterrupted.

First elected in 2004, David Christopherson is the only MP to have represented Hamilton Centre, which was created in 2003 from parts of three other ridings. Only 38 km², small versus other area ridings, its located on the south side of Hamilton Harbour. Alphabetically, Christopherson’s challengers are Anthony Giles (Libertarian), John Livingstone (Green), Lisa Nussey (Marxist-Leninist), Leon O’Connor (Conservative), Ryan Sparrow (Communist), and Helen M. Wilson (Liberal).

For more information, visit the campaign’s official website, listed below.