Friday, April 22, 2005

Ireland’s National Pensions Reserve Fund (NPRF) has posted a 2.4% return for the first quarter (9.6% annualized). On March 31, the funds value stood at €12.3bn, a rise of €290m (excluding state contributions) since December 31.

Donal Geaney, the fund’s chairman, told the press that growth in the past quarter had been driven by the Fund’s European equity investments.

Mr Geaney, former Élan CEO, has pursued a policy of diversification since February of this year, with the stated aim of placing a larger amount of the funds assets in companies with small market capitalizations and in property funds.

The fund was set up by the National Pensions Reserve Fund Act, 2000 to partially meet the expected rise in Irish pension costs from 2025 onwards.

Wednesday, December 27, 2006

At least 68 different pieces of luggage has been found behind a pet store inside a garbage dumpster in Houston, Texas. The luggage came from several different international flights and authorities do not know how they got there or if the contents of the luggage have been stolen.

“We’re going to be investigating and the authorities are going to be investigating,” said spokeswoman for Continental Airlines, Mary Clark. All luggage was handed over to Continental Airlines.

The luggage is reported to have been sifted through, and most pieces have come from all over the world. The luggage is reported to have come from Bush Intercontinental Airport. Some pieces of the luggage have name tags and Clark states that “we’re trying to reach whoever we need to let them know the bags are there.”

Officers with the Houston Police Department are in charge of the investigation. The luggage was found by individuals who own the pet store.

The FBI has stated that the bags do not pose any danger.

Sunday, April 17, 2011

Australian Prime Minister Julia Gillard’s plans to implement a carbon tax in Australia have hit a roadblock today with the national secretary of the Australian Workers Union Paul Howes demanding that exemptions be made to certain heavy polluting industries including steel production as well as concerns about whether jobs will be lost.

Steel producing companies within Australia including BlueScope Steel and OneSteel have supported the move by the union claiming that a carbon tax would affect Australian Jobs. Paul O’Malley, managing director and Chief Executive of BlueScope, said that “the tax threat is still real for the Australian Steel industry and for our customers.”

Paul Howes told The Australian newspaper that “if one job is gone, our support is gone.” Mr. Howes is a powerful figure within the Australian Labor Party who is believed to have been instrumental with the removal of PM Gillard’s predecessor Kevin Rudd. Support for the Gillard Labor Government has dropped to an all time low earlier this year, with only a 30% approval rating.

The move by the AWU has been supported by other unions in Australia, including the Transport Workers Union as well as Opposition Leader Tony Abbott.

Tuesday, August 10, 2010

Patricia Neal, an Academy Award-winning actress, died at 84 of lung cancer at her home in Edgartown, Massachusetts, United States in the presence of her family. “She faced her final illness as she had all of the many trials she endured: with indomitable grace, good humor and a great deal of her self-described stubbornness,” said her family.

Neal won an Academy Award, or Oscar, for her portrayal of a middle aged housekeeper in the 1963 film Hud. In 1965, she suffered a series of strokes but later returned to acting, earning an Oscar nomination for her performance in The Subject Was Roses and three Emmy nominations.

Her filmography includes The Fountainhead (1949), The Day the Earth Stood Still (1951) and A Face in the Crowd (1957). She also played the role of Olivia Walton in The Homecoming: A Christmas Story (1971).

She married Roald Dahl in 1953 and they had five children, of whom one died of measles at the age of 7. They divorced in 1983 when she came to know of his affair with her best friend.

“Frequently my life has been likened to a Greek tragedy, and the actress in me cannot deny that comparison,” she said in her 1988 biography, As I Am.

The Patricia Neal Rehabilitation Centre in Knoxville, Tennessee, U.S.A is named after the actress and looks after people suffering from strokes and spinal cord and brain injuries. Knoxville is also the place where she grew up.

Thursday, March 16, 2006

Buffalo, New York — The property at 605 Forest in Buffalo was the center of attention at last night’s public meeting held at the offices of Forever Elmwood on Elmwood Avenue in Buffalo. Eva Hassett, Vice President of Savarino Construction Services Corporation, confirmed last night that the company will be seeking a variance for the 605 Forest property. Originally, both the 605 and 607 Forest Avenue properties were going to have variances placed on them. As it stands, 607 Forest will not be directly affected by the proposal, should it go forward. Both 605 and 607 are currently occupied by residents.

During Monday night’s meeting, Pano Georgiadis, owner of 605 Forest and owner of Pano’s Resuraunt at 1081 Elmwood Avenue in Buffalo, threatened to “sue” Savarino Construction if they tried to obtain a variance on his property to build the Elmwood Village Hotel.

The Elmwood Village Hotel is a proposal by Savarino Construction that would be placed on the corner of Forest and Elmwood in Buffalo. In order for the project to move forward, at least five buildings (1119-1121 Elmwood) which include both residences and businesses will have to be demolished. The hotel was designed by architect Karl Frizlen of the Frizlen Group. Although the properties are “under contract,” according to Hassett, it is unclear whether Savarino Construction owns the properties. Hans Mobius, a resident of Clarence, New York and former Buffalo Mayoral candidate, is still believed to own them.

Currently, none of the properties is zoned for a hotel.

A freelance journalist writing for Wikinews asked Hassett what kind of zoning permit they [Savarino] would be applying for and, if 605 Forest is included, what zone that would be.

“There is a ‘special development plan’ in front of the council, which changes only one thing about the zoning. It allows one permitted use for just a hotel. The rest of the zoning remains as it is under the current Elmwood Business District zoning. 605 and 607 Forest are not required for the project. They are not part of the footprint for the project. Let me answer this question again. This is on the record, in council: 605 needs to be rezoned in order to facilitate the project because of the sideyard requirement. Anything in C-2 is excluded besides the hotel. So we’ve taken the C-2 and included the hotel as a permitted use, and excluded everything else and everything else remains the same.”

However, during the February 28 Common Council meeting, Hassett was quoted as saying that the two properties were “off the agenda.”

“Now Karl said, at the last meeting, that they will build this hotel right on the borderline [property line]. If a wall forty-five to fifty feet high goes next to this house, of course it’s not right. You really have to go with whatever the city code says, so you have to get back as many feet as the city code says,” said Georgiadis.

“If you try to get a variance to change the code, I will sue you. This is my home, number one,” added Georgiadis. “First of all I think we are all wasting our time here, you [Savarino], have already made up your mind, but if you go against city code, and you try to do the most rooms with a minimal amount of parking, again, I will sue you. If you build a hotel, in my idea its going to fail. It’s doomed, ok. [If] it’s going to be a home for the disabled, for the homeless, for recovery people, but that’s another story. Then how is it going to be when we say, well I told you so? You will be over and done with. Its very hard to take a four story building [hotel] down.”

Georgiadis stated last night that he was against the proposal and signed a petition to stop it, jokingly saying, “this isn’t a paper to sign to build the hotel, is it? Don’t make me sign the wrong thing.”

Joseph Golombeck, district councilman, was at Monday’s public meeting and said, “we also did request this and the reason we are doing this as a special business district is so that it has to be this specific plan. They [Savarino] can’t go halfway through it and in six months decide that [the hotel] it’s going to be three floors. They can’t decide it’s going to be five floors. It has to be, per law, exactly what it is that they brought to us [the public] so far, and then ultimately to the City of Buffalo Common Council when it’s approved. So if it gets approved, it has to be this specific, exact project. They couldn’t make it fifty parking spots, they couldn’t make it thirty. It has to be specifically what they have right here.”

A man who lives on Granger Street in Buffalo attended the meeting, speaking in favor of the hotel development. He claimed, “There are a lot of low property values. Hopefully if we embrace development, our property values, for those of us who have property, will go up. There are a lot of people unfortunately, who are working hard, that do not get a chance to come to these meetings. I myself was at work and wasn’t able to go to the last two meetings. I express that we appreciate that you [Savarino] invest in the City of Buffalo and for what you hope, because I do not think Savarino is into losing money. These people are not in business to be losing money here. They are hoping for the success of this [the hotel] more than any one of us. They are hoping that the property values in this area will go up more than any one of us, because it will benefit them [the residents and business owners], more than any one of us. I want this city to develop. I don’t think anybody else is here understanding that we’re looking for development in this city, we are looking for the city to get better. The councilman here is not interested in Buffalo failing.”

Evelyn Bencinich, resident of Granger Street, would have the hotel directly behind her home, if it were to be built.

“What about construction [time]? Is that just for the exterior, the nine months? Or does that include the interior? Is there going to be blasting through bedrock? Is there property protection for damage? Are you [Savarino and the Frizlen Group] responsible?”, asked Bencinich.

According to Frizlen, there is a layer of solid bedrock at least 30 feet from the surface of the land saying, “we anticipate that the bedrock is at least thirty feet down.” He also admitted that “we haven’t done any soil sporrings,” but did say “the bedrock is somewhere in between twenty-five and thirty feet [down], we don’t need to go that deep. So blasting is most likely out of it [the question].”

“Personally, I can only speak from the city side, but a few years ago we rebuilt Vulcan Street, in the northwest corner of Buffalo, and there were a couple of properties that were damaged and they [the owners] were able to file a claim against the company that did the work and they won in each case. It was the same thing with a school that was built on Military Road. There were a couple of problems with foundations on a couple of properties, and they weren’t sure if caused by the school or not, but the insurance company ended up paying them,” answered Golombeck.

“I would assume that Savarino is insured with someone. So if there is a problem with anything that happens to your properties, what I would recommend is that anybody that lives on Granger Place, if this does go through, that you get pictures taken of your basement and of your foundations, because God forbid if there is a problem, you want to have an^[sic] before and after [picture]. You don’t want to come afterwards and there’s a crack in there [foundation] and you have no way of proving that it happened,” added Golombeck.

According to Golombeck, the properties that Mobius owns have been “in housing court on several occasions, but has a date of April 11, 2006 that he is going back [to court] for these properties. So it is in housing court and I wouldn’t know Mr. Mobius if he walked in this room right now,” stated Golombeck.

“I’ve gone after him on numerous occasions and everytime he gets out of housing court with a slap on the wrist. If I am a conspiracy theorist and say that there is a lot more going on than meets the eye. I can only get him into housing court. Once he’s in housing court, the judge rules on it. Now I don’t mean to take any shots at previous administrations, but I am hoping with the new administration, being in here, that the inspections department is going to be a much better department than it has been for the previous several years.”

The city’s Planning Board on March 14, 2006, agreed to send the Elmwood Village Hotel proposal back to the Common Council so that it may “be opened back up to discussion from the public.”

On March 2, 2006 the Common Council sent the proposal “to committee” for further discussion and also requesting that the public be “engaged further.”

During that meeting, Justin Azzeralla, Executive Director for Forwever Elmwood, said that the organization “supports the hotel project.”

Also on March 2, the planning board agreed to table, or postpone, any decision on the hotel proposal for at least thirty days, also citing the need for the public to be “more engaged.”

The Common Council is expected to meet on March 21, 2006 at 2:00pm local time where they may approve or deny the proposal.

According to The Buffalo News, at least six Common Council members support the hotel project and are pledging to vote to approve it at the meeting on Tuesday, March 21.

However, the city’s Planning Board will get the final say on the project.

Monday, August 27, 2012

London, England — As Paralympians ready for the Games which are set to open later this week, they have access to a world class fitness center inside the Paralympic Village which is designed to maximise their pre-Game preparations.

According to volunteers staffing the center, instead of being a single large room, as in Beijing, the building has numerous rooms. It, along with the adjacent Village Services Centre, is designed to be converted into a school after the games conclude. Rooms have been structured as a gym, an auditorium, and science laboratories.

Gym equipment is supplied by Technogym, an Italian firm that has supplied gym equipment for the Olympics since 2000. Equipment has been provided not just for for the Fitness Centre, but for gyms at all the Olympic venues. The newest equipment is oriented toward maximum flexibility, allowing athletes to exercise the particular muscles that they most require for their sport.

In addition to the equipment, the Fitness Centre also provides instructors trained in the use of the equipment, the likes of which athletes from many countries have never seen before. There are also a number of instructors available to provide motivational training.

A compilation of brief news reports for Thursday, April 19, 2007.

Wikinews reported previously on an Internet outage in New Zealand that lasted for over five hours. Telecom New Zealand, the company that owns and operates the “local loop”, said that they will review compensation for its customers on a case-by-case basis.

A wholesale ISP is attempting to give its subscribers compensation for the outage. CallPlus says that it is asking Telecom for the thousands of dollars it needs to pass on to its affected customers. They doubt Telecom will give them the money needed.

Related news

• “Outage leaves tens of thousands of New Zealanders without Internet” — Wikinews, April 18, 2007

Sources

• Newsroom. “Callplus seeks Telecom compo” — National Business Review, April 19, 2007
• “CallPlus to seek compo over broadband outage” — Radio New Zealand, April 19, 2007

Farmers in Peru striking over the Peruvian government’s stance on coca, have issued an ultimatum. The ultimatum appears to be: negotiate within 24 hours, or face roadblocks indefinitely.

The protests come in response to a coca eradication drive and measures Peruvian president Alan García is taking against cocaine production in the country.

Peruvian police have arrested the leader of the Shining Path rebel group, Jimmy Rodríguez on charges of organising anti-government protests.

Sources

• Dan Collyns. “Peru coca farmers warn government” — BBC News Online, April 19, 2007
• Xinhua. “Peru police arrest Shining Path leader linked to coca protest” — People’s Daily Online, April 19. 2007

Meetings are underway at NATO headquarters in an attempt to reassure Russia that the missile defence plans pose no threat. The United States maintains the system is to protect against missiles from rogue states, whereas Russia sees the system as compromising its strategic interests in the region.

In today’s talks NATO allies encouraged the United States to make the planned anti-missile shield capable of covering all of Europe. They did this without committing themselves to joining the project.

Reaction to the proposed system in European states has been mixed.

• “US set for Russia missile talks” — BBC News, April 19 2007
• Mark John. “NATO allies urge U.S. to open missile shield plan” — Reuters, April 19 2007

Irrigation water to a substantial proportion of Australia’s farming regions could be cut due to drought conditions, Australian PM John Howard has warned.

Mr Howard’s comments concerned the Murray-Darling Basin, one of the largest systems in Australia. “If it doesn’t rain in sufficient volume over the next six to eight weeks, there will be no water allocations for irrigation purposes in the basin”, adding that the drought conditions could continue until May 2008.

He continued “It is a grim situation, and there is no point in pretending to Australia otherwise,” he said. “We must all hope and pray there is rain.”

Sources

• “Australians warned of water cuts” — BBC News Online, April 19 2007
• Rob Taylor. “Drought-hit Australia to stop irrigating food bowl” — Reuters, April 19 2007

Russia, in coordination with the government of the United States and Canada, is planning to build a tunnel from Russia to Alaska, Viktor Razbegin, deputy head of industrial research at the Russian Economy Ministry, told reporters in Moscow Wednesday.

The tunnel is budgeted to cost US$65 billion and would take 10 to 15 years to build. The tunnel is to provide train and automobile transport between Alaska and the Russian Far East, and to carry petroleum and natural gas pipelines, and high-voltage electrical cable.

The proposed tunnel is 64 miles long, or about 100 kilometers, in total, and is designed to link with two islands in the Bering Strait. The project is expected to have a very positive economic effect in the area.

Derek Brower, an energy market expert, called the project “absurd” and suggested the Russian government is playing political games to threaten its European customers to sign energy deals.

“I’ve never heard of this plan,” said Sergei Grigoryev, Vice President of oil pipeline monopoly Transneft.

“To be honest, anyone who look[s] at the map will realize that the project is too hard to implement,” an anonymous government source told Reuters.

Sources

• Miro Cernetig and Peter O’Neil. “Russia proposes Bering Sea tunnel, railway to B.C.” — Vancouver Sun, April 19, 2007
• Dmitry Zhdannikov. “Russia-Alaska tunnel is far off, if not a pipe dream” — Reuters, April 18, 2007
• Yuriy Humber and Bradley Cook. “Russia Plans World’s Longest Tunnel, a Link to Alaska (Update4)” — Bloomberg News, April 18, 2007