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Sunday, October 5, 2008

Despite the passage of a 700 billion USD bill by the United States House of Representatives on Friday and the Senate on Wednesday, two U.S. states may need loans totaling over 14 billion dollars.

California and Massachusetts are seeking at least 7 billion dollars each from the federal government as loans. Officials and lawmakers in both states say that the loans would be temporary.

According to Massachusetts’ state treasurer, Timothy P. Cahill, the state was unable to borrow money last week on a short term loan. He also states that the state can afford to pay its bills and debts for the next few weeks, but not beyond that without a short-term loan from the government. Cahill has asked the federal government for a loan similar to the recent one passed by Congress and the Senate.

“That’s all we would ask them to do: Treat us like the investment banks,” said Cahill to the Associated Press.

Officials in California say they need an emergency loan, or they will run out of money by the end of October. California’s governor, Arnold Schwarzenegger said the state is “not out of the woods” and needs a short term loan from the government.

“California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the federal treasury for short-term financing,” said Schwarzenegger in a letter to the Treasury Department, which is taking the letter under consideration.

On Friday, the U.S. House of Representative voted to pass a revised bailout bill which included raising the FDIC insurance cap to $250,000, a move designed to please progressives. However, the $110 billion in tax breaks, earmarks and what has been called pork barrel spending is not offset by any increases in revenues and has added opposition to the bill from some Representatives in the House. Earmarks added into the bailout bill included $192 million in tax rebates for the Virgin Islands rum industry, $148 million in tax cuts for the wool industry, $100 million tax cuts to the auto racing industry, and $48 million in Hollywood tax incentives, among others.

Thursday, November 16, 2006

Buffalo, New York —A proposed hotel that was supposed to be built at the corner of Elmwood and Forest Avenues in Buffalo, New York is apparently off the table. The former proposal was going to be called The Elmwood Village Hotel and would have consisted of 72 rooms and cost between $7 to $10 million American dollars to build.

Today several unknown individuals were seen removing a sign that was dedicated to the “Elmwood Village Gateway,” which signifies the beginning of the Elmwood Village at the formerly proposed project’s location.

Nearly an hour later the men replaced the sign with a different and unexpected sign: “For Sale: 5 commercial parcels and 1 carriage house, By: Owner.” Those 5 “parcels” are 1109-1121 Elmwood and 999 Forest Avenue, which is located in an illegal alley, according to the City of Buffalo, behind the 5 other properties on Elmwood. Hans Mobius owns all properties named in the sale.

Sam Savarino, CEO of Savarino Companies never owned the properties and has repeatadly told Wikinews in exclusive interviews that he still had a “contract to buy the properties” and on October 2, 2006 told Wikinews in an exclusive interview that he “extended” the “agreement to purchase the property[s] and will have it under contract for what we hope is a sufficient period of time.”

“He [Mobius] is undoubtedly concerned because he has lost some tenants and is a bit impatient. I think he has properly portrayed the situation,” said Savarino in an exclusive interview with Wikinews.

Savarino also says that there may be “legal issues” to work out now, before anything else can move forward, regarding the proposal.

“There are some legal complexities that must be sorted out before anything can happen there,” added Savarino.

The welcome sign was; however, not removed entirely. The sign was placed, facing the same direction of north, on the side of the Forest Plaza Art Gallery, a new art gallery located on the corner of Forest and Elmwood.

Nancy Pollina, owner of Don Apparel which was located at 1109 Elmwood, but closed on October 14, 2006 considers this a possible “victory” in regards to the lawsuit filed against the hotel to stop it from being built, alleging that several laws were broken, including not performing an Environmental Impact Study before the proposal was approved by the city, during its approval and the proposal was “rushed.” Patricia Morris, who operates Don Apparel with Pollina, Angeline Genovese and Evelyn Bencinich, owners of residences on Granger Place which abut the rear of the proposed site, Nina Freudenheim, a resident of nearby Penhurst Park, and Sandra Girage, the owner of a two-family residence on Forest Avenue less than a hundred feet from the proposed hotel’s sole entrance and exit driveway, were also plaintiffs in the lawsuit. They filed the suit with a lawyer representing them, Arthur J. Giacalone, on April 25, 2006 in New York State Supreme Court, but the case has never gone to a courtroom.

Giacalone believes that a press release issued in July regarding the project was nothing but a statement to “save face,” but that the placement of the for sale sign might be a way of convincing Savarino to speed up the sale of the properties.

“I thought all along that Savarino’s July press release might be no more than an effort to save face. But we have no way of knowing. Similarly, Mobius might have put the for-sale sign up in an attempt to pressure Savarino into closing the deal. There’s no way to tell,” said Giacalone in an exclusive interview with Wikinews.

In regards to the lawsuit, Giacalone thinks it may now be in “limbo.”

“The lawsuit still sits in limbo,” added Giacalone.

Friday, October 11, 2013

On Tuesday the Organisation for Economic Co-operation and Development (OECD), a 34 member international economic organization founded in 1961 that traces its origins back to the World War II-era Marshall Plan, published results on the state of adult skills in 24 countries, most of them European. Australia had mixed rankings for literacy and numeracy amongst adults, finishing amongst the top for literacy and in the middle for numeracy.

Internationally, Australia ranks fourth amongst surveyed countries for literacy proficiency amongst adults. At the highest proficiency level, level 5, Australia ranks as the second highest percentage of surveyed nations at 1.3%. It is tied with the Netherlands. Only Finland is higher at 2.2%. Readers at this level synthesize text, compare and contrasts ideas and points of view, and process information across multiple sources. Australia, at 9.4%, has one of the smallest percentages of their population at reading proficiency level 1. This means adults have a basic understanding of what they read, can fill out forms and can understanding the meaning of sentences. Overall, Australia’s mean reading proficiency score puts them on par with Norway and Sweden. When scores are adjusted for non-response, Australia is on par with Estonia. Amongst young adults aged 16 to 24 years, Australia ranks seventh amongst surveyed countries, with a mean score comparable to the Czech Republic, Estonia, Germany, Poland, Sweden, and the Flanders region of Belgium.

The Australian data said adult literacy skills did not strongly impact on social inequality, and literacy is not a barrier to social mobility. This contrasts to some other countries like the United States where literacy skills correlate to social mobility. Further, it shows an adult’s socio-economic background is not tied very strongly to skills proficiency.

Australia ranks thirteenth amongst all surveyed countries in numeracy proficiency amongst adults aged 16 to 65 years. The country’s mean score is comparable to Canada. Australia’s relative high international performance in literacy and low performance in numeracy buck international trends. When only 16 to 24 year-olds are looked at, Australia’s numeracy ranking falls one position and puts their performance comparable to Canada, Denmark, Norway, Poland, and Cyprus.

Individual performance on numeracy and literacy correlates highlighly in Australia at 0.889.

In proficiency at problem solving, Australia finishes sixth amongst surveyed nations. Adults were allowed to opt out of using computers for this test, and Australia had the sixth largest percentage at 13.7% opting to do so. In a technology-rich problem solving environment, Australia finished two nations below the international average, just behind Austria.

The percentage of adults who have completed university in Australia is close to the global average. Australia is slightly higher on the global average in terms of the percentage of the population who have not finished high school for people aged 25 to 34, and significantly higher for people aged 55 to 65 years.

Australia’s percentage of foreign-born residents rose from around 23% in 1995 to about 27% in 2009.Australia, more than most surveyed nations, has employers who require reading skills at work.

The survey says e-commerce grew by more than a factor of eight by 2008 from the levels that existed in 2001. By 2010, over 60% of Australians had access to the Internet.

The report suggests the relatively similar scores amongst the different age groups is a result of standardized testing in Australia having changed little since the 1970s.

The results are based on a survey of 166,000 adults from Australia, Austria, Flanders, Canada, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Ireland, Italy, Japan, South Korea, the Netherlands, Norway, Poland, Slovakia, Spain, Sweden, England, Northern Ireland, the United States, Cyprus, and Russia. They survey was conducted from August 2011 to March 2012, with the exceptions of Canada where data was collected from November 2011 to June 2012, and France from September to November 2012.

Monday, June 30, 2014

State Bank of India (SBI) and Bank of Baroda (BoB), two of the largest public sector banks of India, proposed on Saturday their gold deposits should be allowed to count toward their state-mandated cash reserve ratio (CRR) or statutory liquidity ratio (SLR).

Arundhati Bhattacharya, the chairperson of SBI, made the proposal at a Gem & Jewellery Export Promotion Council event held in Mumbai on Saturday. She said the need for gold deposits to become more liquid has increased because gold import is putting a strain on the country’s current account deficit. S. S. Mundra, Chairperson and managing director of BoB, agreed and said it would help bringing gold into the more productive sectors of the economy.

Bhattacharya added SBI has no longer any incentive to run its gold deposit scheme as it cannot fully deploy the assets, noting SBI is the party most involved with gold deposits in India. G. S. Sandhu, Union financial services secretary, also at the event, responded that the government is looking for ways to monetize the gold held by the public, as import of gold can strain the current account deficit and foreign exchange reserves.

Currently, the Reserve Bank of India has set the CRR at 4% and the SLR at 22.5%. SLR is the portion of deposits that must be invested in recognized safe securities and assets.

Wednesday, December 10, 2008

Voters in the small Channel Island of Sark, a Crown dependency of the British Crown, have voted in their first democratic election, bringing an end to almost 4½ centuries of feudal rule.

Voting in the election opened at 10:00 local time (UTC) today, and closed at 18:00. The result is expected to be announced at 22:00.

57 candidates were competing for the votes of the 474 residents eligible to participate in the election, to win 28 seats.

Roger Olsen, the first person to vote in the election, commented on the transition to democracy. “Sark has an opportunity to express itself, to determine its own destiny,” he commented. “We like to make our own decisions. Now we’re set up to do exactly that,” he continued.

He also stated the he believed the island needed “fresh eyes, new blood and a new perspective”.

Suzie Thorpe, the next voter, commented on the issues which concerned her during this election. “We need a good sustainable economy. But we don’t want the island to change too much. We don’t want any helipads, thank you.”

Sark was the last feudal state remaining in the Western world, and the transition was forced by European human rights legislation that requires democratic governments.

Wednesday, May 4, 2005

Horia Teodorescu, a student in 10th grade at Costache Negruzzi College in Ia?i, northeastern Romania, won the annual worldwide NASA Space Settlement Design Contest. The contest is sponsored by the Fundamental Space Biology Program of the United States‘ space agency, NASA. The task of the contest is for students to develop designs for a permanent orbital space colony. For his design, Teodorescu was awarded a visit to a NASA base in the USA.

Concerning the contest, Teodorescu said, “I designed a space colony which is called ‘Temis’, a personification of the Greek goddess of wisdom. The project is made up of four parts.” He said that the development of the space colony in his design has two phases – “Firstly, there is the construction period, in which the Moon is used as a base for extracting and processing materials. This would last about one year. After that, there would be a period of 4-5 years, in which the population of the colony would reach 10,000.” In 15 years, Teodorescu projects in his design that the population would reach 100,000, and reach the stage where the colony would be able to sustain itself and to start developing its own economic, social and educational systems.

During the design’s conception, Teodorescu was aided by his teachers, Adrian Koriloff, Margareta Constantinescu, Nicolae Hirtan and Lucia Miron, as well as his father Horia Neculai Teodorescu, who is a professor at the Ia?i University. Teodorescu also participated in the same contest in 2004, where he received second place. The first prize was also obtained by Romanians, more precisely a group of students from Constan?a.

The Costache Negruzzi College, founded in 1895, is, with over 1500 students, the largest secondary education facility in Ia?i, a city of 320,000 people.

Thursday, November 16, 2006

Currently, there are blackouts, heavy rain, and high winds in British Columbia. Over 220,000 BC Hydro customers have no power. Buildings have already collapsed and trees have been knowed down. Five Vancouver rivers were in danger of flooding, which rain fell at 10 mm an hour for more than six hours at midday.

The steel frame of a four-storey building under construction in Vancouver collapsed. Construction workers escaped injury, luckily they were on a coffee break at the time of the incident. The steel frame crushed cars in a parking lot and missed a truck driver.

Citizens had to evacuate a subdivision of 30 homes. The winds smashed trees into houses in West Vancouver.

“We have some real fears here with electrical problems,” said Captain Rob Jones Cook of the Vancouver Fire Department. “This is impinging on electrical poles and lamp standards. We also have hydro bus lines running down two sides of the building.” The Vancouver Fire Department says they have no idea as to why the building collapsed.

Winds are gusting at more than 100 kilometres an hour (62 mph) in some areas and rainfall amounts of 50 to 130 millimetres.

According BC Hydro spokeswoman Elisha Moreno, the hardest-hit areas are Vancouver, Surrey, Langley, Abbotsford and Mission, B.C. “We’re trying to be optimistic and hoping it’s by end of day today, but there may very well be customers that are into the early-morning hours before restoration,” Moreno said.

Extensive ferry cancellations, road closures, and massive power outages are in effect until the storm ends.

The RCMP have advised people to stay home and off the highway.

The same heavy weather has also affected nearby Washington State, USA.

Saturday, December 2, 2006

As families fled their homes in the early morning hours on Thursday October 26, there was no warning. The Esperanza Fire southeast of Los Angeles and West of Palm Springs, California, had ballooned under the influence of Santa Ana winds to more than 19,000 acres as of the morning of October 27. No time to get the animals, no time for crates or even a leash. Sadly, owners left behind not only their horses, lamas, donkeys, chickens, rabbits, but also their dogs and cats.

Many of the families who did manage to evacuate their pets found themselves in the parking lot at the Fellowship in the Pass Church Red Cross Shelter where a MuttShack Animal Rescue team caught up with them.

Pam Anderson, Director of the emergency Red Cross shelter said that many people with animals had come and left.

The air was thick with smoke, and ash was raining down on the parking lot where dog owners, not able to take their dogs into the shelter were camping out in pup tents andin their cars.

Those who could afford it checked themselves into pet friendly hotels in nearby towns.

Some were prepared. Jane Garner, a small dog breeder was able to get all her animals out, and had set up her puppy runs alongside her RV in the parking lot. Others were not doing too well, having left home without as much as a leash.

The same scenario played out at the Red Cross shelter at Hemet High School. Animals were being boarded in vans, trailers and cars and small travel crates.

When MuttShack Animal Rescue arrived, a small fracas had sent several dogs off in different directions, running out of the school parking lot down busy streets necessitating an instant rescue response.

The Incident Command for the Esperanza Animals, Ramona Humane Society in San Jacinto welcomed MuttShack‘s offer to help at the shelters.

Ramona Humane Society had recently published a notice in their Newsletter about the newly passed “PETS Act”and warned owners not wait until a major disaster such as an earthquake or fireto prepare. “Be proactive to ensure that your pet will be taken care of.”

MuttShack and PetSmart Charities set up ad hoc facilities for the animals at both shelters.

The Red Cross shelter, run by Madison Burtchaell of the Orange County Red Cross was very accommodating about allowing a small emergency pet shelter adjacent to the School.

Barbara A. Fought of PetSmart Charities, an organization that works with animal welfare organizations and provide assistance in disasters, provided crates and emergency supplies.

MuttShack and Red Cross volunteers, Martin St. John, Tom Hamilton, and Steve Meissner helped assemble the crates to secure a safe environment for evacuated pets.

It was a great relief for evacuees who had camped out in the parking lot to finally leave their vehicles and relax at the shelter, setting up their cots to grab some sorely needed rest.

Firefighters and residents reported loss of wildlife and animals. The Esperanza fire burned 34 homes, consumed 40,000 acres and cost five Firefighters their lives before it was contained four days later on October 30. Firefighting operations cost nearly $10 million.

MuttShack Animal Rescue is a 501(c) 3 non-profit organization active in disasters and dedicated to the rescue, rehabilitation and care of lost or discarded dogs, cats and other animals.