Wednesday, August 26, 2009

United States Senator Ted Kennedy, a Democrat from Massachusetts died just before midnight on August 25, 2009, at his home in Hyannis Port at age 77. He was the brother of American President John F. Kennedy and U.S. Senator Robert F. Kennedy.

On May 20, 2008, Kennedy was diagnosed with a brain tumor, and was released from Massachusetts General Hospital on May 21.

He was born Edward Moore Kennedy on February 22, 1932, in Boston. He had been a senator since 1962.

Kennedy is survived by his wife Victoria Reggie Kennedy, three children, two step-children, a sister — Jean Kennedy Smith, many nieces and nephews and several grandchildren.

The Kennedy family released a statement saying, “Edward M. Kennedy — the husband, father, grandfather, brother and uncle we loved so deeply — died late Tuesday night at home in Hyannis Port. We’ve lost the irreplaceable center of our family and joyous light in our lives, but the inspiration of his faith, optimism, and perseverance will live on in our hearts forever. We thank everyone who gave him care and support over this last year, and everyone who stood with him for so many years in his tireless march for progress toward justice, fairness and opportunity for all. He loved this country and devoted his life to serving it. He always believed that our best days were still ahead, but it’s hard to imagine any of them without him.”

Kennedy was the second-most-senior current member of the Senate, after Democratic President pro tempore Robert Byrd of West Virginia, and the third-longest-serving senator of all time, behind Byrd and Republican Senator Strom Thurmond of South Carolina. Kennedy was known as “The Lion of the Senate,” for his long tenure and influence in the Senate. Throughout his career, Kennedy and his staff wrote more then 300 bills that were enacted into law.

Because of Kennedy’s death, the Democratic Party has lost their sixty-seat supermajority in the Senate. His successor will be chosen in a special election within 160 days. Prior to his death, Kennedy appealed to Democratic Massachusetts Governor Deval Patrick and the Massachusetts legislature to change state law regarding Senate vacancies, so that a temporary senator could be appointed pending a special election and a vote in favor of a health-care bill would not potentially be lost. This law had been changed in 2004 to prevent Republican then-Governor Mitt Romney from appointing a replacement for Democratic Senator John Kerry, had he won the 2004 presidential election.

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.”

Monday, October 29, 2012

The Bremer Freimarkt (Free Fair) — historically one of the oldest fairs in Germany — has its greatest event with the Free Fair Procession “Freimarktsumzug”; this year’s Freimarktsumzug took place Saturday.

The procession started Saturday morning on the opposite side of the river Weser in the “Neustadt” and passed the city hall about one hour later. 146 colorfully decorated groups were taking part, some of them dancing to their own music, and were watched by about 200.000 people in the streets during more than four hours of the whole performance. The event could also be viewed on television and on livestream on the web.

The Free Fair opened on the place behind the main station of the city of Bremen a week ago. The origin of this popular event can be traced back to the year 1035. Nowadays it has been called the “biggest Fairground Festival in northern Germany”.

For a few years, an historical spectacle involving actors of the theatre group Shakespeare Company has been part of the opening performance of the fair. With a replica of an old cog an ambassador enters the banks of the river Weser close to the city and walks with his companions to the market place in front of the city hall of Bremen where the Kleiner Freimarkt (Small Free Fair) is opened. Members of the Chimney Sweep Guild hang up a big heart at the statue of Roland as a sign of the opened market. The traditional opening takes place in the Bavarian tent on the Bürgerweide behind the main station of Bremen with the tapping of the first keg by the incumbent Senator of the Interior of the Free Hansetown of Bremen. This is followed by the dance with Miss Free Market on the stage. Late at night, also fireworks are lighted over the place Bürgerweide and can be admired by people. The exclamation Ischa Freimaak (It’s Free Fair) is meant to spread a relaxed and unreserved atmosphere among the guests.

The fair is a major source of revenue for showmen, carousels and food stalls, some of which arrived nearly two weeks before the opening from all over Germany. This year the Freimarkt is to last until Sunday November 4. The subsequent disassembly, especially the technically complex rides, should then take about ten days.

• Large portable Ferris wheel Image: Online Team www.ekd.de.

• Free Fair Procession in the City of Bremen 2009 on its way from the Neustadt Image: House1630.

• Fairground Festival at night Image: Tobi85.

• The monastery’s oxen were used in a procession during the Free Fair in the nineteenth century Image: Lithography by Friedrich Wilhelm Kohl, 1845.

• Reconstruction of the cog “Roland von Bremen” Image: Eva K..

• Free Fair Procession Saturday on its way to the the main station Image: House1630.

Monday, April 18, 2005

Sir Richard Branson, successful British entrepreneur, better known as the founder of the Virgin brand, has made a suggestion to the next British chancellor to both save MG Rover, the largest independent manufacturer of cars in England until it collapsed this spring, and help with rapidly rising oil demand. He wants the British government to give subsidies to the fallen car-maker so that it can be the first European producer of hybrid cars.

Thursday, March 31, 2016

Businessman Rocky De La Fuente took some time to speak with Wikinews about his campaign for the U.S. Democratic Party’s 2016 presidential nomination.

The 61-year-old De La Fuente resides in San Diego, California, grew up in Tijuana, and owns multiple businesses and properties throughout the world. Since getting his start in the automobile industry, De La Fuente has branched out into the banking and real estate markets. Despite not having held or sought political office previously, he has been involved in politics, serving as the first-ever Hispanic superdelegate to the 1992 Democratic National Convention.

De La Fuente entered the 2016 presidential race last October largely due to his dissatisfaction with Republican front-runner Donald Trump. He argues he is a more accomplished businessman than Trump, and attacks Trump as “a clown,” “a joke,” “dangerous,” and “in the same category as Hitler.” Nevertheless, De La Fuente’s business background begets comparisons with Trump. The Alaskan Midnight Sun blog described him as the Democrats’ “own Donald Trump.”

While receiving only minimal media coverage, he has campaigned actively, and according to the latest Federal Election Commission filing, loaned almost US$ 4 million of his own money to the campaign. He has qualified for 48 primary and caucus ballots, but has not yet obtained any delegates to the 2016 Democratic National Convention. Thus far, according to the count at The Green Papers, De La Fuente has received 35,406 votes, or 0.23% of the total votes cast. He leads among the many lesser-known candidates but trails both Senator Bernie Sanders who has received nearly 6.5 million votes and front-runner Hillary Clinton who has just shy of 9 million votes.

With Wikinews reporter William S. Saturn?, De La Fuente discusses his personal background, his positions on political issues, his current campaign for president, and his political future.

Sunday, December 21, 2008

On this day twenty years ago, a transatlantic airliner broke up in midair and came down onto the Scottish town of Lockerbie. All 259 people on board Pan Am Flight 103, and eleven people on the ground, lost their lives in what remains the worst air disaster in British history.

The disaster was an act of terrorism, caused by a bomb loaded on board. Abdelbaset Ali Mohmed al-Megrahi, an intelligence officer from Libya, was convicted of 270 counts of murder for the bombing in 2001. Libya has since paid US$1.5 billion in compensation to the victims.

Today, Megrahi’s legal campaign for freedom continues. The Scottish Criminal Cases Review Commission granted him a second appeal, saying there may have been a miscarriage of justice. The terminally ill man will begin that appeal next year. Wikinews wrote to Mr Megrahi in prison but he did not respond.

One who does not believe in Megrahi’s innocence is Kara Weipz. Her brother Richard Monetti lost his life in the bombing. Weipz, who now heads the Victims of Pan Am Flight 103 group, says she represents the large majority of victims’ families from the United States when she says that they “believe that there were others who acted with Mr. Megrahi and should be held accountable also,” when asked if she felt there was much still to learn about the events twenty years ago.

They have, she says, no sense at all that Megrahi may have been wrongly convicted; to the contrary she now has some closure from the trial. “The conviction has brought a sense of justice to the families. No we do not agree with the convict at all. We support the Crown office and the decisions of the Court,” she told Wikinews.

We asked her if there were any differences between her version of events, and about her thoughts on potential issues with the investigation. “There is no difference between the truth as we see it and the official version of events. The facts are the facts, Mr. Megrahi is guilty,” Weipz told Wikinews. “I don’t believe there were any issues with the investigation. What bothers me is people with conspiracy theories that spew them as truths. The programs that have been run on TV recently call them conspiracy theories as well.” Did the authorities let her down? “Not one bit. I am thankful for the Scottish Police and the FBI.”

She also revealed that she was not concerned that people might have viewed compensation for the bombing, granted from Libya, as ‘blood money’. “Calling it blood money is a misnomer. We entered into a civil trial. The outcome of a civil trial is a monetary one. We knew that since Libya was guilty that the outcome would be that they compensate the families. The only part that bothered me was [that] it was connected to the lifting of sanctions and removal from the State Sponsors Terrorism List. Our goal was to deter terrorism by making it expensive to kill innocent people.”

One of the aims stated by the website of her victims’ group is to maintain the memory of her loved ones; this she felt was still being done – “Absolutely!!!!” was what she told us. She says that the last twenty years have been hard, however: “While I miss my brother [every day], I live a healthy and productive life in his honor. Hard – yes, productive – yes.”

Megrahi has not been in touch with Weipz, or with any of the other victims, she tells us. Refusing to be drawn into speculation, she tells us she has “no idea” what secret documents Megrahi’s defense has been refused permission to see might contain – she has “never seen them” herself, so she does not know what they are.

She also did not feel that Megrahi should have been released upon his recent request on compassionate grounds owing to his terminal cancer, as “he is receiving the same medical treatment in prison as he would outside of prison. The Court didn’t feel it was appropriate either.” Wikinews also asked her if she believes the legal process generally has been fair to him over the years – “Yes, I believe it has been fair.”

VictimsofPanAmFlight103.org states “we are committed to seeking the truth about this tragedy and keeping the memory of our loved ones alive.” The final question Wikinews put to Kara Weipz was this: “Do you think we will ever know the truth?”

“I would love to say yes, but I don’t think we will ever know the whole truth,” she told us.

Monday, June 7, 2010

An acrobatic group known by the name of Spelbound has been declared as the winner of Britain’s Got Talent 2010, a televised variety talent show competition broadcast on ITV in the United Kingdom. As the winning act of the show, Spelbound have won £100,000 (US$144,580, €120,313, A$175,079) and a place at The Royal Variety Performance, an annual gala evening that is attended by senior members of the British Royal Family.

In no particular order, the top three acts were revealed to be two dancers known by their stage name of Twist and Pulse, gymnastic group Spelbound and Kieran Gaffney, whose act involves playing on the drum kit. After Kieran Gaffney was revealed to be in third place, Anthony McPartlin, who hosts Britain’s Got Talent with Declan Donnelly, said to Kieran: “Well done Kieran. Kieran, you’re a star, you came back, you got all the way to the final. I know you’ve loved this. You’ve loved this, haven’t you?” In response to this, Kieran Gaffney stated: “Thank you very much. Thank you, everyone for supporting me. Thank you.”

Shortly afterwards, on the episode that was broadcast live on ITV1 on Saturday, Anthony announced: “After tens of thousands of auditons, five semi-finals and an amazing final, this…this is it. One of you is about to walk away with £100,000 and a place at this year’s Royal Variety Performance. The winner of Britain’s Got Talent 2010 is…Spelbound!” Glen Murphy from Twist and Pulse commented about finishing in second place, stating: “Yeah, it’s amazing. I can’t even believe it. I can’t believe it at all.”

Alex Uttley, a 24-year-old member of Spelbound, commented on the gymnastic group’s victory, commenting: “Oh, my god. This is unbelieveable. We just want to say thank you to everyone out there. It just shows that all our hard work has paid off.” One of the coaches of Spelbound, named Neil Griffiths, stated about Spelbound: “Oh, they’ve worked so hard over the last few weeks. Um, since the semi-final, we…we really had to pull out the stops to try and up the game. They’ve not known they’ve worked in the gym from six in the morning till twelve…twelve o’clock of the night. I couldn’t have asked for more. Um, it’s a team of coaches. I don’t take all the credit myself. There’s, uh, two people up there that know who they are who’ve been fantastic.”

Spelbound consists of 24-year-old Alex Uttley, Nicholas Illingworth, aged 24, Adam Buckingham, aged 21, 20-year-old Adam McAssey, 19-year-old Douglas Fordyce, 18-year-old Edward Upcott, 18-year-old Leighanne Cowler, 17-year-old Katie Axten, 17-year-old Lauren Kemp, 15-year-old Jonathan Stranks, Abigail Ralph, aged 15, 13-year-old Hollianne Wood and Amy Mackenzie, aged 12. Bookmakers had previously predicted that Spelbound would be the most likely act to become the winner of the series.

The running order for the final started with Twist and Pulse. The second act to perform was Liam McNally, a 14-year-old singer. The running order subsequently continued with 40-year-old impressionist Paul Burling, singer Christopher Stone, aged 28, Tina & Chandi, a woman and dog dancing act, Connected, a five-piece singing group, Kieran Gaffney, aged 12, 22-year-old Tobias Mead, a dancer, 80-year-old singer Janey Cutler and Spelbound in that particular order.

Earlier on in the final, Britain’s Got Talent judge Amanda Holden has stated to Spelbound: “We are hosting the 2012 Olympics and I think ‘what a brilliant opening act’.” Fellow judge Piers Morgan also commented that “[t]he purpose of this show is to identify hidden great British talent. You are that act.” After Spelbound won in the final, another judge, named Simon Cowell, stated that “the right boys and girls won on the night” and that he could “only say on live TV that that was one of the most astonishing things I have ever seen. Seriously.”