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Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Wednesday, September 17, 2008

The Federal Reserve took over American International Group (AIG) on Tuesday in an US$85 billion loan, in exchange for a 79.9% stake in the company.

A press release issued Tuesday stated that “the Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance.”

The deal allows AIG to draw up to US$85 billion in loans over the next 24 months to shore up the orderly sale of various divisions of the company without further interruption to the economy. In exchange, the Federal Reserve will have a 79.9% equity stake, primarily in the form of equity participation notes. The loan carries an interest rate of LIBOR plus 850 points. Should AIG fail, the loan is covered completely by company assets. Should AIG recover however, taxpayers could potentially recover large profits.

This news comes on the heels of the Federal Reserve refusing to bail out Lehman Brothers, forcing the company to file for bankruptcy on Monday after Bank of America(BoA) and Barclays PLC pulled out of negotiations over the weekend. The fact that AIG has thousands of divisions engaged in business across the globe sets them apart from the recent problems with other banks. AIG was built up over the last several years via the buyouts and mergers of many companies around the world, offering AIG’s stockholders a diverse base of income which allowed it to steadily increase profits.

It is this interconnectedness that had the Federal Reserve worried. Should AIG collapse, it could set off a global chain reaction in multiple markets. In an interview with the New York Times, former Treasury official Roger Altman said, “It’s the interconnectedness and the fear of the unknown. The prospect of the world’s largest insurer failing, together with the interconnectedness and the uncertainty about the collateral damage — that’s why it’s scaring people so much.”

While AIG, like many other banks, found itself embroiled in the middle of the sub-mortgage lending crisis, AIG has also been struggling to deal with controversies in other complex financial instruments such as credit default swaps. These markets have been exploding for several years, but due to lack of regulation by the government, recent reversals have seen AIG’s stock value tumble by over 90 percent in the last year.

Monday, December 24, 2012

Two cars have been involved in a road traffic accident in the Scottish Lothian and Borders region, causing three fatalities and sending three to hospital. The incident occurred on the A68 road approximately 1.5 miles south of the Midlothian village of Pathhead when a Škoda Octavia and a Nissan Note travelling in opposite directions collided at approximately 0730 UTC today.

The Nissan, which was carrying five occupants, overturned and came to rest on its roof. Three male Buddhist monks who sat in the back of the car died at the site of the crash. The female driver of the vehicle managed to get out of the vehicle herself but another male passenger in the front of the car had to be cut free by fire service members. The two front-seat passengers as well as the male driver of the Škoda were hospitalised at the Royal Infirmary of Edinburgh, although none of their injuries are considered likely to be fatal.

“This is a tragic incident,” Inspector Simon Bradshaw of Lothian and Borders Police said, “and we are currently in the process of carrying out inquiries in order to establish the full circumstances of the collision.” The A68 road close to the location of the accident was temporarily closed to allow police to investigate the incident, with traffic redirected to the B6370 road via the town of Gorebridge. The road has since reopened.

Saturday, July 19, 2008

This year’s Leisure Taiwan trade show (a.k.a Taiwan Sport Recreation and Leisure Show) started yesterday, with 131 companies participating including sports media companies such as ESPN and VideoLand Television, businesses selling sports equipment and fitness clubs.

There were also a variety of sports being played in the arena built for the trade show. The events included a 3-on-3 basketball tournament, free style shooting, and bicycle test-riding. In addition, conferences discussed issues related to sports and physical education.

A major topic in the trade show was energy-efficiency and, as a result, bicycles and similar sports equipment were being heavily promoted.

Next Tuesday, companies from the electronics industry plan to promote their industry at “2008 Digital E-Park.” In previous years, organizations from the electronics industry have showcased their products at Leisure Taiwan instead of at the Digital E-Park, so this move has reduced the number of markets covered by Leisure Taiwan.

Sunday, September 28, 2008

Four people have been arrested on terrorism charges in Islington, London, England, after a suspected petrol bombing on the house of Martin Rynja, owner of book publishing company Gibson Square.

His company recently sparked controversy after buying the rights to publish The Jewel of Medina, a work of fiction by Sherry Jones depicting the Muslim prophet Muhammad and his child bride, Aisha.

The bombing, which occurred in the early hours of Saturday morning, led to the evacuation of the £2.5 million property in Lonsdale Square. Three men, aged 22, 30 and 40, were arrested at 2:25am BST by armed officers, two in Lonsdale Square, and one after being stopped near Angel tube station.

Police comments suggested that the trio had been under surveillance, and that they had advance knowledge of the plot and simply waited for the arsonists to strike, before arresting them.

On Saturday, a woman was arrested for obstructing police during their searches of four addresses – two in Walthamstow, and two in Ilford and Forest Gate.

Speaking earlier this month, Mr Rynja said that “The Jewel of Medina has become an important barometer of our time. As an independent publishing company, we feel strongly that we should not be afraid of the consequences of debate.” Ms Jones commented that she did not intend for her novel to be offensive to Islam. She noted that she “[has] deliberately and consciously written respectfully about Islam and Muhammad.” She “envisaged that [her] book would be a bridge builder” between Islam and the western world.

Saturday, June 10, 2006Normal life in the Asom continued to be disturbed for third day in a row on Saturday following the series of subversive activities engineered by the banned United Liberation Front of Asom(ULFA). In the latest incident, Police on Saturday morning sounded red alert in the Guwahati city as an explosive timer device found in front of Kamrup SP office in Panbazar.

“The recovered device was kept in a Tiffin box, which was programmed to explode at 6:15 [IST] in the evening,” said police sources adding that the hand of ULFA was suspected. The passengers of Delhi-bound Rajdhani Express had a miraculous escape as a bomb planted on the tracks near Naharkatia in the Dibrugarh district detonated just before the superfast train was to pass last night, said official sources. On Friday night, at least six persons injured in the state, following five powerful blasts that was suspected to be triggered by the banned outfit.

These blasts came barely hours after a powerful bomb explosion that killed five people and injured over 15 at a busy vegetable market in the Guwahati city on Friday evening. According to police, at least six persons injured when a bomb exploded in the house of one Milan Deori in Rupaisiding- Tapoban-Tiniali area in the Tinsukia district allegedly planted by ULFA militants. Besides this the outfit reportedly blew off four Oil pipelines belonging to Assam Gas Company Limited and Oil India Limited (OIL) successively at two places in the Dibrugarh district last night.

Police source said that two blasts occurred at 10:25 IST and 25 minutes later damaged pipeline used for electricity generation at Namrup Thermal Power plant at a place under Naharkatia police station. Later two more explosions severely damaged two crude oil pipelines belonging to OIL, nearby Bhadoipanchali. In another incident, at least three army personnel injured when militants hurled grenade at an army truck at Doomdooma in Tinsukia district at around 8 p.m. IST yesterday. On Thursday, there were four separate explosions that left 34 people injured in the districts of Dhubri, Mangaldoi and Nagaon.

Saturday, February 16, 2008

While nearly all cover of the 2008 Presidential election has focused on the Democratic and Republican candidates, there are small political parties offering candidates, and those who choose to run without a party behind them, independents.

Wikinews is interviewing some of these citizens who are looking to become the 43rd person elected to serve their nation from 1600 Pennsylvania Avenue NW.

First off is Long Beach, California’s Frank McEnulty (b. 1956), a married father of two with an MBA (Venture Management) and BS (Accounting/Finance).

Saturday, November 4, 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 Don Valley East (Ward 33). One candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Zane Caplan, Shelley Carroll (incumbent), Jim Conlon, Sarah Tsang-Fahey, and Anderson Tung.

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

Friday, April 11, 2008

New ‘deadly’ sexual enhancement products have been found in Singaporean markets and can cause serious side effects on users.

The Health Sciences Authority (HSA) announced the presence of the illegal drugs, known as Power 1 Walnut, Santi bovine penis erecting capsule, Zhong Hua Niu Bian and fake Cialis, which have been discovered over the past 3 months. Santi bovine penis erecting capsule has been found to contain high amounts of glibenclamide, a potent drug used to treat diabetes. The tablets also contain sildenafil and tadalafil – potent western medicines used to treat erectile dysfunction. Zhong Hua Niu Bian also contains sildenafil and glibenclamide.

High consumption of the tablets can be potentially deadly as the glibenclamide in the capsules can lead to drastically reduced blood sugar levels which can lead to seizures, stroke, coma or death. Consuming half of a Power 1 Walnut capsule has led to unconsciousness and frothing at the mouth.

Consumption of Power 1 Walnut has led to the death of a middle age man last week who fell into a coma. Currently, one death and two cases of coma have been reported from the total of 89 hospitalised cases linked with the consumption of the illegal drugs. It has been revealed that patients obtained the drugs by purchasing them from illegal peddlers located in various parts of Singapore.

The HSA has advised people to stop consuming the drugs and to report on any cases of consumption to them.