Thursday, March 5, 2009

US stock markets dropped to twelve-year lows on Thursday, amidst falling confidence in the financial sector and worries over whether the US automobile manufacturer General Motors will be able to keep operating.

The Dow Jones Industrial Average dropped by 4.08%, or 280.52 points, at the closing bell, reaching a level of 6595.32, a new 12-year low. The Nasdaq Composite lost 54.15 points, or 4%, to 1299.59, while the Standard & Poor’s 500 plunged by 30.27 points, or 4.25%, closing at 682.60.

Every stock in the Dow Jones, other than Wal-Mart, either lost ground or remained even, and all stocks in the S&P 500 index lost ground.

General Motors’ shares lost 15.5% after the auto firm announced that its auditors had “substantial doubt” over whether it would be able to keep operating.

Shares of financial companies were lower by nine percent, with Bank of America losing 11.7% and Citigroup falling by 9.7%.

“What’s most worrisome is that we haven’t hit the crescendo yet,” said Bill Groeneveld, the head trader for vFinance Investments. “Asset-management divisions are getting calls to just liquidate everything, and we haven’t seen the big players come back in at all.”

“This is one of the worst bear markets in the last 100 years; it started out with the credit crisis and the subprime [loans], but it is like a forest fire that has raced across the clearing and ignited other parts: Autos, auto parts, the insurance companies have been hit very hard. The credit crisis is causing an unraveling of industry after industry because the banks don’t lend,” said David Dreman, the chief investment officer of Dreman Value Management.

European markets were also lower today, with the London’s FTSE index losing 3.2% and the DAX index of Germany falling by five percent.

Sunday, May 22, 2005

Belinda Stronach, Canadian MP for Newmarket-Aurora crossed the floor from the Conservatives to join the Liberals just days before a scheduled confidence vote in the Liberal government. She was immediately rewarded by being appointed to the cabinet as Minister of Human Resources and Skills Development and Minister responsible for Democratic Renewal.

“I’ve been uncomfortable for some time with the direction the Conservative party was taking,” Stronach said. “I regret to say that I do not believe the party leader is truly sensitive to the needs of each part of the country and just how big and complex Canada really is.”

She disagreed with the party on its stance on the federal budget, same-sex marriage, and Conservative leadership’s alliance with the separatist Bloc Québécois to bring down the government.

Two days after Stronach switched parties, the ruling Liberals won a crucial vote for their budget by a single vote. If Stronach had not joined the Liberals and voted for the budget, the government would have fallen, forcing a new federal election.

Wednesday, May 10, 2006

New Zealand Associate Minister of Health Damien O’Connor has proposed that warnings, both images and text, should cover 60% of the packaging of cigarettes sold in the country. New Zealand is required to do so under obligations to the World Health Organisation.

The new images would depict throat cancer, rotting teeth/gums and gangrenous feet. Ashley Bloomfield, Chief Advisor on Public Health, says written warnings aren’t as effective as pictures, and that many smokers do not know most of the diseases that smoking can cause.

If the proposal were adopted, the Ministry would dictate the size and placement of the images to the tobacco companies, but would not subsidise the cost of the changes.

Friday, January 7, 2005

After two weekends of box office domination, Universal Pictures’ Meet the Fockers will be challenged for the top spot by horror film White Noise, also from Universal, which opens in wide release Friday.

To be considered in wide release, a film must open or play in at least 1,000 theatres throughout the U.S. and Canada. With Noise being the only new wide release movie for the weekend, it looks to take advantage of movie goers looking from a change from holiday themed film fare.

Noise is a come-back attempt for Michael Keaton, who hasn’t had a hit movie since 1992’s Batman Returns. But according to one critic, this film may not be a comeback hit for Keaton.

“White Noise never gives skeptics a chance to enjoy the film. I also suspect even believers will be bored,” Jack Garner, film critic for Gannet News Service said. Garner’s not alone in panning the film. According to web site RottenTomatoes.com, 87 percent of film critics in its survey have given the film a bad review.

“The nominal thriller White Noise is worthy neither of Michael Keaton’s talents nor even a desperate horror fan’s attention,” Manohla Dargis, film critic for the New York Times, said.

But not all reviews were bad. Hollywood Reporter critic, Kirk Honeycutt said, “Even though logic takes a holiday in White Noise, Geoffrey Sax, a British television director making his theatrical debut, lavishes enough craft on the paranormal thriller to send more than a few chills down the spine.”

The movie faces stiff competition as five other films have a wider release, playing in more theatres and reaching a larger potential audience. Universal’s Meet the Fockers, the sequel to 2000’s Meet the Parents is playing in about 1,000 more theatres than Noise and could dominate the box office for a third weekend.

‘Fockers’, starring Ben Stiller, Robert De Niro, Dustin Hoffman and Barbra Streisand, has made $186.5 million since its release Dec. 22, according to Box Office Mojo.

Monday, March 13, 2006

The Chinese National Development and Reform Commission approved today the plans by Nanjing Automobile Group to revive the MG Rover brand.

Nanjing Automobile are planning to annually produce 200,000 cars, 250,000 engines and 100,000 gearboxes on the assembly lines purchased from MG Rover.

The first MG produced in Pukou in Nanjing in the east of China will be the sedan version of MG-75, in the first half of 2007.

Sunday, September 2, 2007

From August 17 to September 3, 2007 the Canadian National Exhibition (CNE or The EX) came back to Toronto for its 128th year. It is the largest in Canada and the fifth largest in North America.

The three day Canadian International Airshow, the horse show called “Tom Bishop’s Trick Riding Show”, and many other events were the main attractions at this year’s CNE. An estimated 1.3 million people attend the CNE every year.

The 680 News tower made entirely from Lego’s was on display, with a fence around it.

On Saturday at 1:00 p.m. was the airshow, which featured award winning aviators, including the Canadian Forces (CF) snowbirds, flying planes used in Afghanistan. The United States Air Force (USAF) also flew planes used in the military and a new F-22 Raptor fighter aircraft for its first time in an international show. A CF-18 Hornet, Canadian version of the USAF F/A-18 Hornet, 1943 Boeing Stock Stearman PT-17, and many other rare planes were also flown. Everyone could see the airshow but for a good photo and video opportunity freelance Wikinews journalist and others paid CA$5.00 to get on top of Ontario Place, across from the exhibition grounds. There was a ton of stairs to get to the top, but it was well worth it if one wanted excellent photos and video to watch with their family.

“I used to come to the air show every year with my dad … being out there flying over Lake Ontario in my hometown is unbelievable,” said Capt. Yanick “Crank” Gregoire of the CF-18 Hornet, on its 25th anniversary.

General Rick Hillier, Chief of the Defence Staff of the Canadian Forces, made a brief speech and talked about Canada’s mission in Afghanistan. Followed by was a pre-recorded speech made by Prime Minister Stephen Harper. Then the American and Canadian national anthems were played and the show begun, it even included a live pilot in a Canadian Forces plane talking through his microphone into the speakers on top of Ontario Place. The airshow was something not to be missed as the staggering planes are always best watched live.

In the Direct Energy Centre at Exhibition Place were many vendors and people selling books, cloths, inventions, and even some live cooking shows. There was also a arts, crafts, and hobbies building, which was one of the best places to visit at this year’s CNE. Rides and attractions filled the grounds across Ontario Place.

The famous Iams-sponsored Superdogs performed dog tricks for an audience in a large area, while behind the curtains were salespeople at booths advertising and selling Iams dog food. They perform at the Royal Winter Fair in Toronto and other fairs in Canada.

At 5:00pm was the horse show at the Riding Academy “Horse Palace“, hosted by Tom Bishop Sr. There was a woman representing Ontario, a 15-year-old girl from Alberta representing Canada, and a man from the United States on a black horse. One of the horse riders, a champion, was from Canada but moved to the U.S. and has toured both countries. Tom Bishop Jr. stood and rode on top of two “Canadians”, the most rare and oldest horse breed in North America. The horses had to jump over a line of gas-led fire, Tom Bishop Sr. noted beforehand that horses are scared of fire.

At 9:00 p.m. was the Human Cannon Ball, from the U.S. Performed by David “The Bullet” Smith, Jr., son of Cannonball Smith, is the second person in the world that can do the “don’t-do-this-at-home-or-else!” stunt. It is their third year at the CNE. Most people came 20 minutes before to get a good spot. The shot was so loud that some had to plug their ears, and if one didn’t their heart would be beating hard. Smith jumped out like he’s done that stunt a thousand times, he did a push up on the ground and quickly ran back.

While walking to the Ontario Place parking lot, as soon as the “Human Cannon Ball” was finished, the Canadian Forces had several of their vehicles used in Afghanistan on display outside. A snowbirds plane, some LAV III’s, tanks, a helicopter, and a boat were on display. Soldiers were outside to greet and talk to the visitors, and had photos taken. A large banner was hung and old music was playing. People even signed a board beside a tank showing their support and thanks to the soldiers currently deployed. There was also a large tent with real Canadian soldiers giving away bracelets and showing actual uniforms used. They were very heavy and one soldier actually said the cloths are comfortable. It wasn’t clear which base the soldiers came from but one said that he came from Halifax, Nova Scotia.

The CNE closes every night at 11:00pm.

It ends on Labour Day at 7:00pm.

Thursday, October 29, 2020

Professor Jo Jorgensen of South Carolina, the U.S. Libertarian Party’s 2020 presidential nominee, answered some questions about her campaign from Wikinews accredited reporter William S. Saturn.

Jorgensen is a psychology professor at Clemson University.   In 1992, with the Libertarian Party’s backing, she ran for public office, seeking South Carolina’s 4th congressional seat in the United States House of Representatives. She finished the race in third place with almost 2.16 percent of the total vote. Four years later, the Libertarian Party tapped Jorgensen to be its vice presidential nominee. She joined a ticket with the late Harry Browne. Browne-Jorgensen appeared on every state ballot and received a total of 485,798 votes, which was roughly 0.5 percent. This marked the best performance for the party since 1980 and would not be topped percentage-wise until 2012 when former New Mexico governor Gary Johnson attained 0.99 percent of the vote. Johnson bested that performance in 2016 as the party’s presidential nominee for a second time, earning 3.27 percent of the vote, the highest percentage for the party since its 1971 inception.

For the 2020 nomination, Jorgensen navigated through a primary campaign that featured the short-lived campaigns of former Rhode Island governor Lincoln Chafee and Congressman Justin Amash of Michigan, the first sitting Congressman to be a member of the Libertarian Party. At the virtual 2020 Libertarian National Convention, Jorgensen won the nomination on the fourth ballot, edging attorney Jacob Hornberger, performance artist Vermin Supreme and activist Adam Kokesh, among others. Podcaster Spike Cohen, originally the running mate of Supreme, was picked to be the party’s vice presidential nominee. Cohen spoke to Wikinews back in June. The Jorgensen-Cohen ticket has since secured ballot access in all 50 states and the District of Columbia.

As a libertarian, an ideology that advocates for lesser government, both in the social and economic realms, Jorgensen’s issue positions include a mix of traditionally liberal and conservative stances. She supports both LGBT rights and gun rights. She opposes the police state and the taxing authority equally. And, she supports an open immigration policy while arguing against the welfare state.

With Wikinews, Jorgensen discusses her background, COVID-19, her potential cabinet, gridlock, and an assortment of issues including climate change, foreign affairs, free speech, and race relations.