Wednesday, September 20, 2006

The Norwegian police have arrested and charged four men, aged between 20 and 30 for an assault on a synagogue in Oslo at 2:30 am on Sunday, September 17th.

The four arrested are from different ethnic backgrounds and can be detained up to three days before appearing in front of a judge. Police have not ruled out further arrests over the incident.

At least 10 shots were fired at the synagogue. Nobody was injured in the incident. It is believed that the attack was carried out with an assault rifle.

The Mosaic Religious Community, which owns the site had requested better protection following threats and an incident of vandalism last month.

Monday, June 23, 2008

2008 COMPUTEX Taipei, the largest trade fair since its inception in 1982, featured several seminars and forums, expansions on show spaces to TWTC Nangang, great transformations for theme pavilions, and WiMAX Taipei Expo, mainly promoted by Taipei Computer Association (TCA). Besides of ICT industry, “design” progressively became the critical factor for the future of the other industries. To promote innovative “Made In Taiwan” products, pavilions from “Best Choice of COMPUTEX”, “Taiwan Excellence Awards”, and newly-set “Design and Innovation (d & i) Award of COMPUTEX”, demonstrated the power of Taiwan’s designs in 2008 COMPUTEX Taipei.

Thursday, December 23, 2010

China has said it is prepared to support eurozone countries during the financial crisis that has hit the sixteen member states. The country’s foreign ministry spokesperson Jiang Yu said: “We are ready to support the eurozone to overcome the financial crisis and realise economic recovery.”

Several of the eurozone’s member states have been impacted with increasing debt levels. The International Monetary Fund (IMF) and European Union (EU) have signed deals to hand a €110bn aid package to Greece, and an €85bn rescue package to Ireland. Industry commentators have said there are fears Portugal and Spain may soon also have to accept assistance from the IMF.

Jiang said China had an interest in supporting the region, saying eurozone member states would, in the future, become “a major market” for Chinese foreign exchange investments. China reportedly has massive reserves of foreign currency, mostly made up of United States dollars. Analysts have suggested China plans to purchase more euros in the future. Other reports suggest China is preparing to buy between four and five billion euros to help Portugal fend off pressure in bond markets.

Wednesday, July 23, 2014

The Reserve Bank of India (RBI) posted a press release on its website yesterday stating it will identify up to six banks as domestic systemically important banks (D-SIB), which would be equivalent to the too big to fail banks of other nations.

RBI is to reveal the names of the banks every year in August, starting from 2015. The press release also said RBI had identified four to six banks to be under D-SIB category according to data compiled through March 2013.

The primary criterion to be used for selection of the banks is size — banks with size larger than 2% of the GDP (Gross Domestic Product) as defined by Basel regulations. Other criteria to be used are interconnectedness, how easily the bank can be substituted for, and its infrastructure and complexity. RBI also said four subcategories of D-SIBs will be created, each with different Tier 1 capital requirements, which will be higher compared to other banks. These four categories will have Tier 1 capital requirements ranging from 0.20% to 0.80% of their risk-weighted assets.

Ananda Bhoumik, senior director of India Ratings, a unit of Fitch Ratings, said the new regulations will not hinder the growth of the banks, as they already maintain capital above the expected regulation levels. Banks considered by analysts likely to be classified as D-SIBS include State Bank of India, Punjab National Bank, Citibank, Standard Chartered Bank, ICICI Bank, and HDFC Bank.

Monday, June 30, 2008

After auctioning off his entire life on eBay for A$399,300 (€244 912.148) Ian Usher says he is “a little bit disappointed” at the final selling price.

The 44-year-old British immigrant living in Perth, Australia, put all of his worldly belongings up for sale on the popular auction website, including his three-bedroom house and all its contents, his car, motorcycle, jetski, skydiving gear, and his job at a rug store, for which he offered a two week trial period. He even offered introductions to his friends living in Perth.

Usher made the decision to sell his life after his five-year marriage suddenly ended. On his website, alife4sale.com, he explains that “despite my life being busy and fulfilled, I still miss my wife so much. Everything in my home is a reminder of the wonderful past we shared. So, after a year in this house I decided that it is time to sell it and move on.”

During the 7 day auction, which ended on Sunday, there were several bogus bids which brought the sale price as high as A$2.2 million, but the final price ended up at A$399,300, which was around A$100,000 less than Usher had hoped for. “I’m a little bit disappointed, but I’m still excited. It’s still enough to move forward and do what I said I was going to do, which is move on to the next part of my life,” Usher said. “It was as much about moving on as it was about selling it for as much as I could get.”

According to Reuters, the winning bidder, whose username is “mslmcc”, also lives in Australia, and has a 100 percent feedback rating. Usher says he hasn’t yet been able to figure out who the buyer is, because of the TV crews lined up in front of his home. “I’m trying to find some time to get on the computer and check it out … I haven’t looked (up) anything about them yet,” he said.

Usher now plans to go off in search of a new life. His initial plan, as he describes on his website, was to just walk out his front door with just his wallet and a passport and board a train, with no idea of where to go. He has since launched 100goals100weeks.com, which will document his attempt to complete 100 of his life goals in a span of 100 weeks. Some of these goals include getting a pilot’s license, climbing the Eiffel Tower, learning to play the didgeridoo, and shaking hands with billionaire Richard Branson.

“I was pretty aimless when I started this, and I had a vague notion of adventure, but I’ve come up with a much more solid plan, which is still very adventurous,” Usher says. He invites anyone who is interested to join him on his adventures.

Sunday, February 5, 2006

A BHP Billiton nickel mine at Leinster, 645Km northeast of Perth, Western Australia has halted operations after the death of a mine worker. WA Police say Mark Quinn, 32, an employee of mining contractor MacMahon’s, working about 900 metres underground, was killed in an explosion.

The cause of the explosion is not yet known. Department of Community and Employment Protection investigators have travelled to the site from Kalgoorlie to conduct an inquiry.

Global resources giant BHP Billiton Ltd./Plc, says employees are being briefed and counselled over the incident. The mine will remain closed until the investigation is complete. Police will prepare a report for the coroner.

According to media reports, no-one else was injured in the explosion – the cause of which is not yet known. The accident comes almost two years after a BHP Billiton worker died in a gas explosion at the Boodarie iron plant in Port Hedland, WA. The plant was then abandoned after the incident in May 2004.

In April 2004, a man was killed at BHP Billiton’s Nelson Point facility, also at Port Hedland in WA. In May 2000 a truck driver was killed at a BHP Pilbara iron ore operation in WA. BHP Billiton employ some 37,000 people at over 100 operations in 25 countries.

Coal mines in the United States’ West Virginia district were also suspended earlier this week, due to increased amounts of miners’ deaths.

Saturday, April 11, 2009

Twenty percent of the American public believes that socialism is superior to capitalism, says a poll by Rasmussen Reports released on Thursday, April 9.

Asked the question “Which is a better system – capitalism or socialism?”, 53% of those polled found capitalism the better system, 20% preferred socialism, and 27% were unsure. The survey did not define either capitalism or socialism, but Rasmussen also cites a December 2008 result saying that 15% of Americans prefer a government-managed economy.

Analysis of the poll’s data by website FiveThirtyEight.com furthermore found that support for capitalism was closely correlated with income; respondents earning under $20,000 a year having an eight percentage point preference for capitalism, while those earning more than $100,000 a year expressed a fifty-seven percentage point preference for capitalism. Rasmussen noted that socialism had much broader support among people under 30, where 33% support socialism and 37% support capitalism, than among any other age group.

Socialism has found support in several countries, with member parties of the Socialist International in government in over 50 countries around the world and with several other regimes describing themselves as socialist or communist; the 20% result Rasmussen finds is comparable to the electoral support for the New Democratic Party in Canada. Support for an independent socialist movement in the United States, however, has historically been limited. Socialist candidate Eugene V. Debs won 6.1% of the popular vote in 1912, and two members of the Socialist Party, Victor L. Berger and Meyer London, were elected to the United States Congress before the Great Depression. This brief flirtation with socialism is contrasted against the times during and following the First World War and Second World War, which were marked by “Red scares” — periods of pronounced anti-communism — in the United States.

Currently, only a single member of the United States Congress describes himself as a socialist: Senator Bernie Sanders of Vermont. The Social Democrats USA (SD USA), one of the successors of the Socialist Party of America, has expressed solidarity with the 76-member Congressional Progressive Caucus, which Sanders founded in 1991. It supports positions such as a living wage, universal health care, and the right of workers to form trade unions and engage in collective bargaining.

SD USA executive director Gabriel McClosky-Ross offered Wikinews an exclusive statement on the Rasmussen poll result:

While support for socialism in the United States may be growing, Rasmussen’s polling finds that absolute majorities of the American public support both capitalism and free markets. Meanwhile, anti-communist sentiment remains strong in many segments of the US population, with opposition to socialism being a defining feature of Conservatism in the United States.

In an exclusive statement to Wikinews, John F. McManus, President of the anti-socialist John Birch Society, offered the John Birch Society’s position on the poll result:

Americans currently most often cite the economy as their number one concern in polls, ahead of terrorism. In December 2008, workers at the Republic Windows and Doors factory in Chicago staged a union-backed factory occupation in a fight against company management — a return to tactics of direct action from the historically more subdued American organized labor movement.

On April 10 2009, Alabama representative Spencer Bachus (R-Alabama) told the Birmingham News that seventeen members of the US House of Representatives are socialists. He did not specify which members.

Wednesday, June 7, 2006

United Press International (UPI) reports that the Senate took US$1.9b out of the 2006 emergency war supplemental funding to fund border security last month. The White House reportedly called for the transfer that was put into an amendment sponsored by Senators Bill Frist and Judd Gregg. Out of the $1.9b, $1.6b was meant to replace equipment that has been destroyed or worn out after four years of combat in Afghanistan and Iraq.

An unnamed Pentagon budget official told UPI “You can’t tell me that illegal aliens coming across the border pose the same kind of threat to national security as insurgents in Anbar do against Marines.”