This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Scarborough-Agincourt (Ward 39). Two candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Wayne Cook, Mike Del Grande (incumbent), Samuel Kung, Lushan Lu, Sunshine Smith, and John Wong.

For more information on the election, read Toronto municipal election, 2006.

Tuesday, December 29, 2009

Police from Frederick in Maryland, US have charged a homeless man with three offenses after a light aircraft was stolen from Frederick Municipal Airport early yesterday morning. The single-engine aircraft crashed as its thief tried to take off.

51-year-old Calvin Cox was arrested near the scene in the nearby woods after officers arrived. He was discovered by dog handlers. The Piper Super Cub came off the runway and ran onto grass, sustaining damage to its fuselage and propeller as well as possibly its engine. The crash occured at 2:15 a.m.

Cox has been charged with felony theft, burglary, and trespassing. The plane was removed from an airport hangar and belonged to the Mid-Atlantic Soaring Association, who uses it to tow gliders. Michael H. Higgins, the association’s president, said it would be difficult for someone unfamiliar with the aircraft to start it, as several buttons and switches are required. He described the incident as “a very unusual situation.”

Police described Cox as familiar with aircraft. They say that while they have yet to determine any motive, they believe Cox’s “intention was to leave the Frederick area.” Nobody was injured in the crash.

Sunday, July 8, 2007

Installations of closed-circuit television (CCTV) security cameras into schools in the Australian state of New South Wales has alarmed teachers.

Over 50 schools in New South Wales already have surveillance cameras in playgrounds and outside dining areas. The concern from teachers arises from the pending installation of further cameras inside classrooms and also corridors.

Teachers have expressed concerns about privacy and misuse of the equipment. Senior vice-president of the New South Wales Teachers Federation, Bob Lipscombe, said that teachers are worried about the footage being used improperly, as well as the fact that both teachers and students would be filmed at work by the cameras.

The increase in security cameras being used in schools is an attempt to protect valuable schooling equipment from theft and damage, in particular computers in computer rooms. Lipscombe said that installations in computer rooms will potentially affect many teachers, as all subjects can be taught with the integration of technology.

CCTV surveillance is preferred by some schools over fitting alarm systems and physical bars on entrances to the room, as it is cheaper to install.

“[Teachers] are concerned about its improper use and that it may be taken out of context”

Lipscombe said that the Teachers Federation isn’t against CCTV systems provided they are operated properly and with appropriate consent. A solution proposed is to only have the surveillance system record during times when the room is unattended.

A spokesperson for the New South Wales Department of Education and Training has said that the footage obtained is confidential and used to assist police in investigating criminal activity.

Friday, June 5, 2009

General Motors Corporation (GM), an American automaker which has filed for bankruptcy protection, announced on Friday that the Penske Automotive Group (PAG) was selected to purchase Saturn Corporation. The transaction should be completed in October.

The purchase includes rights to the Saturn brand, its five current models and its dealership network. Two models would be discontinued, the Sky and Astra. GM would continue building the Aura sedan, the SUV’s, Vue and Outlook for at least two more years.

Saturn has 350 dealers across the United States. The dealers employ more than 13,000 jobs and sell only the Saturn autos. Canadian Saturn dealers are not included in the deal.

According to Penske future Saturn vehicles will be fuel economy focused. An expert indicated that this would move Saturn back to its roots of a entry level car company. PAG is in talks with several international automakers to replace GM after 2011. Automotive News reports that Renault Samsung Motors of Korea is the most likely candidate.

Penske wants Jill Lajdziak, Saturn’s general manager, and Tom LaSorda, former Chrysler President to head up the company when it is independent of GM.

Serra Automotive in Grand Blanc Township, Genesee County, Michigan, is in talks to take a partial ownership in a new Saturn lead by Penske.

Saturday, May 27, 2006

The Canterbury Crusaders won the inaugural Super 14 title, downing the Wellington Hurricanes 19 points to 12 at Jade Stadium, Christchurch. The game was dominated by surreal conditions – a thick fog made viewing the game from the top of the stands impossible. Only one try was scored in the mistake-riddled game, to Crusaders centre Casey Laulala.

Both sides were consulted prior to the match on whether the final should be postponed, as a thick fog engulfed the sold-out Jade Stadium. Patrons in the South Stand turned their attention to the stadium screen behind them, as they could not see anything through the mist. The television audience was in a similar position, with most of the pictures being shrouded in a white cloud. Sky Sports commentators split the commentary between themselves and a sideline commentator, as they could not see the other side of the pitch from the commentary box.

Referee Jonathon Kaplan and the players of both the Crusaders and Hurricanes were asked if they wished to continue at half time, there was apparently a clear view that everyone wanted to continue with the final. The final score was 19 points to 12, a converted try being the difference. For the Crusaders, it was the team’s sixth championship in 11 years. Despite the eerie conditions, jubilant celebrations followed after full-time.

Tuesday, October 8, 2013

Unlike some parts of the US Federal Government, the Consumer Financial Protection Bureau (CFPB) has been open during the federal government shutdown and recording a record-low number of complaints submitted by consumers against mortgage companies, credit card companies, student loan providers, banks, money transfer providers, companies who provide credit reports, and other companies providing consumer loans.

With data not available for yesterday, the first four days of the shutdown had daily totals of 37, 16, 13, and 3 complaints. With the exceptions of September 29 with 15 complaints and September 28 with 23, it is the lowest daily total since March 16 of this year when 36 total complaints were recorded and February 23 of this year with 14. The total complaints are also down from the same dates last year, when the total complaints per day for the first four days of October 2012 were 272, 298, 288, and 225.

Of the 69 filed complaints recorded so far this month, 27 were complaints about mortgage companies, 21 were about bank accounts and 10 were about credit card companies. 40% of credit card companies complaints, 42.9% of bank account complaints and 48.1% of mortgage complaints are currently listed as still in progress. Most of the rest have been closed with an explanation.

Bank of America leads all companies in terms of total complaints filed this month with 9. Bayview Loan Servicing, LLC andJPMorgan Chase have 7 complaints each. Ally Bank, Sovereign Bank, and Wells Fargo have 4 each. Flagstar Bankand Equifax have 3 each. Citibank, Nationstar Mortgage, TD Bank, Amex, and FirstMerit Bank have 2 complaints each. 18 financial services companies have 1 complaint each filed against them.

During the government shutdown, some CFPB staff have voiced their opinions on Twitter. Dan Munz, deputy assistant director for consumer engagement at the CFPB, tweeted, “Boy, shutdown week has really created a sudden bumper crop of amateur federal management experts.”; “Also, seems like Boehner is singlehandedly undoing whatever progress he’d made in portraying this as a Dem [Democratic Party] shutdown.”; and “Basically, there’s now a strong incentive to fill legislation with minor symbolic things you can bargain away later to protect the core.”

The agency has been able to stay open during the government shutdown because it is funded by the Federal Reserve. According to Amanda Terkel at the Huffington Post, Republican members of the United States House of Representatives have put closing the CFPB on their wish list of items in negotiating for a new debt ceiling limit. Party members have previously stalled the appointment of Richard Cordray as the CFPB boss as a way of hindering it from engaging in oversight of financial organizations in the the US.

Monday, September 24, 2007

Russ Aegard is running for the Green Party of Ontario in the Ontario provincial election, in the Thunder Bay-Atikokan 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.

Saturday, April 22, 2006

This week, the Public Broadcasting Service aired a NOVA program titled “Dimming the Earth”, which presented research by leading scientists on the complex systems of our global climate and human activity’s effect on it. One of the largest interactions (or “inputs”) humans have with the atmosphere is the ever-increasing use of fossil fuels. Consumption has risen 2% per year for this decade.

Fossil fuels burnt in factories and automobiles send their waste into our atmosphere in two forms. The first is CO2 and other greenhouse gases, which have received substantial attention in the last few years because of the way they trap heat in the atmosphere. The second is the tiny particles of sulfur dioxide, soot and ash, which scientists call aerosols (basically smog). Research into understanding the negative health effects of air pollution has resulted in the development of catalytic converters for cars as well as devices to remove particulate solids from industrial waste before it reaches the air.

More recently, atmospheric scientists have come upon the phenomenon of the reduction of direct sunlight reaching Earth’s surface— observing a nearly a 5% decline between 1960 and 1990, with evidence of a recovery since then. This has been dubbed the “global dimming” effect, and is probably due to the way these aerosols act upon clouds. It is important to realise that this does not represent a net loss of this much sunshine to the climate system – if so, large temperature declines would have been observed. Instead, the sunshine is absorbed elsewhere in the system, with a much smaller net loss.

Clouds form when moisture gathers around airborne particles, such as pollen or dust. Clouds formed by the aerosol particles emitted by fossil fuel consumption are made of many more tiny droplets than “natural” clouds. These smog-created clouds have two notable effects: they shield sunlight from reaching Earth’s surface and, due to water’s reflective nature, the millions of tiny droplets suspended in them reflect light back into space, allowing even less light to reach Earth.

Many scientists now believe that global dimming caused by these pollutants has mitigated the temperature rises brought about by global warming. Over the last thirty years, Earth’s temperature has increased by about 0.5 oC.

In the absence of global dimming, however, the Earth might be 0.3 oC warmer than it currently is, suggesting that a “tug-of-war” exists between greenhouse gases and particulates released by burning fossil fuels. Efforts to mitigate the human health dangers of smog have allowed more heat into our atmosphere and brought about a sharper increase in global warming.

Dr. James E. Hansen, professor at Columbia University and the head of the Goddard Institute for Space Studies [1], believes that if we continue on our current pattern, this warming could be as much as five degrees in the next thirty years and ten to fourteen degrees over the course of the century. Such a temperature rise would devastate life on Earth, likely bringing on a cascade of self-reinforcing warming effects. Earth’s forests drying and burning, a steady thawing of the Greenland and arctic ice sheets, and, most dangerous of all, a release of the methane hydrates that are now frozen at the bottom of the oceans, could remake the planet into something inhospitable to human life. Dr. Hansen warns that, according to his research, man has just 10 years to reduce greenhouse gases before global warming and other responses to human activity by Earth’s climate reach a “tipping point”, becoming unstoppable.

Saturday, June 13, 2015

Famed English actor, singer and author Sir Christopher Lee died last Sunday morning in London aged 93, after being admitted to Chelsea and Westminster Hospital for heart failure and respiratory problems. News of his death only became public on Thursday, as his wife of 54 years, Birgit Krøncke Lee, wished first to inform friends and family.

A spokesman for the Royal Borough of Kensington and Chelsea confirmed the issuing of his death certificate.

Lee first rose to prominence in the 1950s starring in Hammer Horror films as the classic movie monsters Dracula and Frankenstein and was more recently seen as Saruman the White in the Lord of the Rings and The Hobbit films as well as portraying the villainous Count Dooku in the Star Wars films Attack of the Clones and Revenge of the Sith.

In 2010 Lee released a heavy metal album titled Charlemagne: By the Sword and the Cross followed by another metal album in 2013, Charlemagne: The Omens of Death and several collections of Heavy Metal cover songs including A Heavy Metal Christmas, A Heavy Metal Christmas Too and Metal Knight.

In 2008 Lee was knighted for services to drama and charity, and in 2001 received a Bafta Fellowship.

Lee is survived by his wife Birgit and daughter Christina.

Investment performance charts — Promoting Only “Winners”

by

The Skilled Investor

Darrell Huff wrote a short and very informative book, “How to Lie with Statistics,” which was first published in 1954 and was amusingly illustrated by Irving Geis. This book is still in print and remains very popular on Amazon. It plainly and humorously discusses how statistics can be distorted and misused to serve the self-interest of the presenter.

Historical ETF and mutual fund investment performance charts are a case in point. While the numbers they present might be historically accurate, their presentation in advertising, on line, and in printed materials can amount to lies from several perspectives.ETF and mutual fund performance charts are designed to lure gullible individual investors with an implied promise that superior past performance will continue. The financial research literature tells us clearly that on average this is a promise that cannot be kept. In other words, historical fund performance charts are a veiled lie. They may report factual information, but their purpose is to deceive.Selecting Only “Winners” to PromoteWhen selling to you, securities industry sales people and the fund companies that advertise performance select only those historical investment fund performance charts that show superior historical performance. The industry sells its ETF and mutual fund winners, and it ignores or hides its losers.Charts for their loser funds are available, but ETF and mutual fund sales representatives are not eager to present them. You have to dig them out yourself on the web. Or, these inferior or average performance charts will be mailed to you AFTER you have bought what you thought was a “superior” fund, but, gosh, things just did not remain superior.Except for very, very poor historical performance, which tends to be an indicator of excessive costs, the financial research literature tells us that historical mutual fund performance is meaningless. The industry knows that many investors naively project past fund performance into the future. Yet the scientific finance literature simply does not support such assumptions.If investing were this easy, then those who buy ETFs and mutual funds based on past performance would be consistent winners in the future and would grow relatively richer and richer. The opposite turns out to be true.For your amusement when you are being sold to by a securities industry sales person, ask to see an asset-weighted chart that combines the entire historical performance of all the funds for a mutual fund family. Good luck in getting to see that one! I could list a dozen reasons why you will be told that such a fund family chart does not exist. However, the real reason is that this aggregate historical performance chart would likely show that the entire fund family trails a very broad market index by almost as much as the fund family charges in fees.I use the word “almost,” because professionally managed mutual funds have shown a slightly positive ability to pick individual securities. Unfortunately, this slightly positive gross returns advantage is far more than wiped out by mutual fund management fees and transactions costs, which are several times greater than this small gross returns gain.Then, of course, there are the mutual fund sales loads and 12b-1 marketing fees and the percent-of-assets management fees that you pay to your broker or investment advisor. In return, your broker and investment advisor will do you a dis-service by only pushing selected funds with “superior” performance charts and higher costs. These sales and asset management fees just drag your returns down even more year after year after year.Larry Russell

is the Editor and Publisher of

The Skilled Investor website

and

The Skilled Investor’s Financial Planning Blog

.

With objective and scientific financial information, I help you to make better decisions.

Article Source:

Investment performance charts — Promoting Only “Winners”}