Friday, August 10, 2007

Global stock markets fell today, in a mass sell-off stemming from the sub-prime mortgage crisis in the United States. The Dow Jones Industrial Average rebounded late in the day after falling more than 250 points, ending the day down about 31 points. The UK’s FTSE-100 index fell 232.90 points to 6038.30, and Japan’s Nikkei 225 fell 406.51 points to 16764.09.

Central banks across the world are injecting funds into their banking systems to add liquidity, fearing that many financial firms with subprime ties will be insolvent. Yesterday, the U.S. Federal Reserve transferred US$24 billion to temporary reserves, following the European Central Bank, which authorized a record €83.6 billion addition to its banks, its biggest cash infusion ever. On Friday, the Fed entered into a $38 billion repurchase agreement of mortgage-backed securities, easing stockholder worries. Also on Friday, the Bank of Japan injected ¥1 trillion into Japan’s financial system.

The Federal Reserve met this week, but decided to maintain its target rate of 5.25%, although on Friday the federal funds rate was hovering around 6%, indicating a drop in liquidity.

The volatile week began last Friday with Bear Stearns tumbling as a result from its complete loss of two major hedge funds worth more than $1.5 billion. The hedge funds had been dangerously exposed to the massive sub-prime mortgage failure, and the company announced it was unable to return any money to investors.

Washington Mutual, and Countrywide Financial, both very large U.S. home loan lenders, saw shares fall. Countrywide Financial made a statement this week, saying they will be forced to retain a greater proportion of mortgage. American Home Mortgage Investment Corp, another large lender, recently filed for bankruptcy. The U.S. housing market has been declining for more than two years after the Federal Reserve raised interest rates 17 times. Now, lenders are in a quagmire from millions of people who are unable to repay loans after taking adjustable rate mortgages, teaser rates, interest-only mortgages, or piggyback rates.

Jim Cramer, of CNBC’s Mad Money, remarked that as many as seven million people will lose their homes from bad mortgages. Last Friday, Cramer went on a tirade on CNBC’s Street Signs, saying that the “Fed was asleep” and called for them to lower rates immediately.

Asian and European markets have become increasingly entangled in the subprime mortgage crisis in the U.S. Deutsche Bank of Germany lost almost $3.5 billion in share value, forcing the government to organize a bail-out. France’s largest bank, BNP Paribas SA, halted withdrawals from three large investment funds which were crippled by sub-prime exposure.

Monday, November 12, 2007

In the final of the Konami Cup 2007, Chunichi Dragons battled SK Wyverns again, many Japanese spectators hoped for Dragons to take revenge on Wyverns and win the championship. This was really a intensive match with starting pitchers George Kenneth Rayborn from SK versus Daisuke Yamai.

Even though Byung-kyu Lee hit a 2 runs HR to expand the difference by the 5-2 leading. But Jin-young Lee also hit a 2 runs HR to tie the score with 5-5 at the bottom of 8th.

The key innings took place at the 9th inning, Hirokazu Ibata (Dragons) hit a key run back to make their team lead with 6-5. Finally, the relief pitcher Hitoki Iwase successfully shut down SK’s offense and tied the score to the end to win the champion.

With the winning hit at this game, and 4 hits with 7 RBIs in the Konami Cup Asia Series 2007, Hirokazu Ibata was finally chosen to be the MVP.

After this game, Chunichi Dragons coach Hiromitsu Ochiai remarked: “Even though we ever lose to SK Wyverns, but participants in this year proved their actual strength more than last year. In this game, after we led with 6-5, Hitoki Iwase told me he want to pitch at the bottom of 9th inning, then I accepted, he promised his wish and finally helped us win the champion. I’ll not forget the contributions by Ibata and Iwase.”

Sunday, August 21, 2005

A robotic system at Stanford Medical Center was used to perform a laparoscopic gastric bypass surgery successfully with a theoretically similar rate of complications to that seen in standard operations. However, as there were only 10 people in the experimental group (and another 10 in the control group), this is not a statistically significant sample.

If this surgical procedure is as successful in large-scale studies, it may lead the way for the use of robotic surgery in even more delicate procedures, such as heart surgery. Note that this is not a fully automated system, as a human doctor controls the operation via remote control. Laparoscopic gastric bypass surgery is a treatment for obesity.

There were concerns that doctors, in the future, might only be trained in the remote control procedure. Ronald G. Latimer, M.D., of Santa Barbara, CA, warned “The fact that surgeons may have to open the patient or might actually need to revert to standard laparoscopic techniques demands that this basic training be a requirement before a robot is purchased. Robots do malfunction, so a backup system is imperative. We should not be seduced to buy this instrument to train surgeons if they are not able to do the primary operations themselves.”

There are precedents for just such a problem occurring. A previous “new technology”, the electrocardiogram (ECG), has lead to a lack of basic education on the older technology, the stethoscope. As a result, many heart conditions now go undiagnosed, especially in children and others who rarely undergo an ECG procedure.

Tuesday, April 20, 2021

Wikinews extended invitations by e-mail on March 23 to multiple candidates running in the Texas’ 6th congressional district special election of May 1 to fill a vacancy left upon the death of Republican congressman Ron Wright. Of them, the office of Democrat Daryl Eddings, Sr. agreed to answer some questions by phone March 30 about their campaigns and policies. The following is the interview with Ms Chatham on behalf of Mr Eddings, Sr.

Eddings is a federal law enforcement officer and senior non-commissioned officer in the US military. His experience as operations officer of an aviation unit in the California National Guard includes working in Los Angeles to control riots sparked by the O. J. Simpson murder case and the police handling of Rodney King, working with drug interdiction teams in Panama and Central America and fighting in the Middle East. He is the founder of Operation Battle Buddy, which has under his leadership kept in touch with over 20 thousand veterans and their families. He was born in California, but moved to Midlothian, Texas. He endeavours to bring “good government, not no government”. Campaign manager Faith Chatham spoke to Wikinews on matters ranging from healthcare to housing.

An Inside Elections poll published on March 18 shows Republican candidate Susan Wright, the widow of Ron Wright, is ahead by 21% followed by Democrat Jana Sanchez with 17% and Republican Jake Ellzey with 8% with a 4.6% margin of error among 450 likely voters. The district is considered “lean Republican” by Inside Elections and voted 51% in favour of Donald Trump in last year’s US presidential election. This is down from 54% for Trump in 2016’s presidential election, the same poll stated.

Thursday, March 13, 2008

Members of Australia’s Health Services Union (HSU) will go on strike in Victoria next week in a dispute over stalled wage and career structure negotiations. Over 5000 physiotherapists, speech pathologists and radiation therapists will walk off the job next week, effectively closing the state’s 68 largest health services.

The strike will force the closure of intensive care units and emergency departments across the state.

It is feared the strike could continue into Easter.

National secretary of the HSU, Kathy Jackson said admissions would be crippled, while intensive care patients would have to be evacuated to New South Wales, Tasmania and South Australia as hospitals will not be able to perform tests or administer treatment.

“When an ambulance shows up you can’t admit a patient without an X-ray being available, you can’t intubate them and you can’t operate on them,” she said.

“If something goes wrong in an ICU you need to be able to X-ray, use nuclear medicine or any diagnostic procedure,” said Ms Jackson.

Ms Jackson said the HSU offered arbitration last year, but the state government refused. “They’re not interested in settling disputes, they hope that we are just going to go away.”

“We’re not going away, we’ve gone back and balloted the whole public health workforce in Victoria, those ballots were successful, 97 percent approval rating,” she said.

The HSU is urging the government to commence serious negotiations to resolve the dispute before industrial action commenced.

The government has offered the union a 3.25 per cent pay increase, in line with other public sector workers but the union has demanded more, but stopped short of specifying a figure.

Victorian Premier John Brumby said the claim would be settled according to the government’s wages policy. “The Government is always willing and wanting to sit down and negotiate with the relevant organisations . . . we have a wages policy based around an increase of 3.25 per cent and, above that, productivity offset,” he told parliament.

The union claims it is also arguing against a lack of career structure, which has caused many professionals to leave the health service. Ms Jackson said wages and career structures in Victoria were behind other states.

Victorian Opposition Leader Ted Baillieu said he was not in support of the proposed strike and called on the government to meet with unions. “There could not be a more serious threat to our health system than has been announced today.”

“We now have to do whatever is possible to stop this strike from proceeding,” he said.

The opposition leader will meet with the union at 11:30 AM today.

Victorian Hospitals Industry Association industrial relations services manager Simon Chant said hospitals were looking at the possible impact and warned that patients may have to be evacuated interstate if the strike goes ahead.

Thursday, December 28, 2006

Marco Pannella, a member of the European Parliament (MP) and leader of the Nonviolent Radical Party, started a thirst and hunger strike to protest the death sentence against former Iraqi leader Saddam Hussein.

“The Iraqi government would commit a horrible act, of the same level as those committed by Saddam Hussein himself,” Pannella said yesterday in a statement on the party’s Web site.

Granting clemency to the former Iraqi leader would be “an extraordinary occasion, to make literally explode in the hearth of the Middle East and in the world, an immense act of peace and a debate among the peoples and consciences, the scandal of nonviolence as an alternative to dictatorships and to the war; a war that now, more than ever, is impending on humanity”.

“In 2003”, he said, “despite the vote by a large majority of the Italian Parliament calling for the exile of Saddam Hussein as an alternative to the war, and for a free Iraq, both the Italian Government and the parliamentary opposition, did not follow up to that vital decision. Saddam Hussein was aware of our initiative. He could remember it now with gratitude and regret for not accepting it. A living Saddam Hussein, could become an essential and unique instrument to pacify and deligitize the ‘army’, made up of gangs of assassins, which is continuously committing massacres against the Iraqi people”.

Marco Pannella, aged 76, has been at the forefront in Italy of the promotion of important reforms regarding narcotics, facing incarceration on various occasions for his civil disobediences. Engaged in the defence of civil rights in Eastern European countries, in 1968, he was arrested in Sofia for having distributed leaflets against the Communist regime. He is one of the first promoters and founders of the “Green” and “ecologist” political movements in Europe.

On August 12, 2006, as reported by news agencies, Marco Pannella made a bold new proposal for World Peace, composed of three elements:

• Admission of Israel to the European Union

• A World-Wide Satyagraha for Peace, including co-ordinated hunger strikes around the world

• Obtain a pardon that would convert the death penalty for Saddam Hussein to 30 years in prison (the international appeal)

Wednesday, January 18, 2006

Ricardo Serran Lobo is a Brazilian blogger who writes about his famous neighbor, the politician Roberto Jefferson, head of the Brazilian Labor Party in the Brazilian Congress of Deputies. Jefferson has become a major figure in the ongoing Brazilian mensalão scandal revolving around corruption and bribery.

Vizinho do Jefferson [1] quickly became very popular among Brazilians, describing the routine of Jefferson, while providing information about politics and fresh news about the scandal. Lobo’s blog got third place in the Best Of Blogs contest run by Deutsche Welle International.

Lobo gets an intimate look at the center of Brazilian politics by living in Brasilia, near residences of parliamentarians (including Roberto Jefferson), public buildings and the Brazilian Chamber of Deputies. Or, as he says in his blog: “near the eye of the hurricane,” a reference to the recent political crisis.

At first, Lobo began describing the daily activities of his famous neighbor deputy Roberto Jefferson. As the crisis moved on, he began to describe the political events regarding it. His writings evolved to not only what is going on with Jefferson, but what is going on in Brazilian Congress, and has interviewed politicians, including Roberto Jefferson himself.

The blog tries to be informative, with a lot of humour (common with Brazilians), and some protests against the bad habits of Brazilian politics in general.

Jefferson’s neighbor, the blog, is an example of citizen journalism and it shows that ordinary people can compete with professional media.