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Thursday, May 13, 2010

Wikinews reporter Iain Macdonald has performed an interview with Dr Isabella Margara, a London-based member of the Communist Party of Greece (KKE). In the interview Margara sets out the communist response to current events in Greece as well as discussing the viability of a communist economy for the nation. She also hit back at Petros Tzomakas, a member of another Greek far-left party which criticised KKE in a previous interview.

The interview comes amid tensions in cash-strapped Greece, where the government is introducing controversial austerity measures to try to ease the nation’s debt-problem. An international rescue package has been prepared by European Union member states and the International Monetary Fund – should Greece require a bailout; protests have been held against government attempts to manage the economic situation.

Saturday, September 10, 2005

The city of San Jose, California greeted the opening of the Guadalupe River Park and Gardens today with festivities, music, and dancing. Local organizations and businesses offered booths and activities for the crowd.

Themed “A park for many reasons, a park for all seasons”, the opening marked the culmination of 12 years of building, at a cost of $340 million. With trails running 2.6 miles along the Guadalupe River, the park offers an open space for city residents, preserves habitat for local wildlife, and works in conjunction with local flood control projects.

Planning for the park began in 1985 and construction continues to extend the trails along the lower Guadalupe River to Alviso by 2006.

Saturday, April 3, 2010

Wonthaggi, Victoria — Wonthaggi defeated Leongatha at home in the opening game of the 2010 Gippsland Football League (officially the Gippsland League, GL) season this past Saturday. The match, unofficially dubbed “the South Gippsland derby”, was played a week prior to the other opening round matches.

The three remaining matches of round one are scheduled to be played next Saturday (April 10). Morwell will host Warragul in Morwell, Drouin will play Maffra in Drouin and Moe will host Traralgon at Yallourn North with Sale having the bye.

The Gippsland Football League is considered one of the “major leagues” controlled by the Victorian Country Football League, the governing body of Australian rules football in regional Victoria, Australia.

At the league’s annual general meeting in December, it changed it’s name from the West Gippsland Latrobe Football League. At the same meeting, Wonthaggi joined the GL after dominating the Alberton Football League during the past decade. The Power made five concecutive Alberton Grand Finals winning three, losing only to Yarram (2007) and Stony Creek (2009).

Wonthaggi Power Football Club is a result of a merger between Wonthaggi Blues, a former Gippsland FL team, and Wonthaggi Rovers, an Alberton FL team. In February, the Gippsland Football League announced that Wonthaggi would be changing their uniforms, because their original one was similar to that of Warragul.

Leongatha finished the 2009 season losing the minor semi final against enventual grand final winners Maffra. Leongatha defeated Drouin in the last Elimination Final under the West Gippsland Latrobe Football League banner.

Scores below are quoted as goals-behinds (total). Goals are worth six points, behinds one.

Wonthggi kicked off their first game in the major league with a opening quarter lead of four and a half goals over rivals Leongatha. The Power’s move from the Alberton League looked to be justified as they went in to cruise mode.

Leongatha slowly clawed back the deficit over the next three quarters but the first quarter result and inaccurate kicking caused them to fall short by one point.

Saturday, October 23, 2021

China property giant Evergrande Group wired USD83.5 million in interest owed in an offshore bond from September 23 on Thursday, temporarily averting default, according to a Reuters source and Chinese newspaper Securities Times.

The wire to a Citibank fiduciary account following a 30-day grace period came after assurances by various members of the Chinese government, Reuters reported. At a Beijing forum Wednesday, Chinese Vice Premier Liu He described the risks as controllable, and chairman of the China Securities Regulatory Commission Yi Huiman said that while authorities needed to curb excessive debt more broadly by “improv[ing] the effectiveness of the constraint mechanism on debt financing”, the matter would be dealt with properly.

Once China’s top real estate developer, Evergrande had accumulated approximately USD305 billion in liabilities, two per cent of the Chinese gross national product, after “dwindling resources” cut its value by 80%, according to Reuters. September data revealed Chinese home sales by value fell by nearly 17% year-on-year, according to The Guardian, and fears over its default led to a slowdown in China’s third quarter GDP growth to a year low of 4.9%. Two sale negotiations with rival developers Hopson Development and Yuexiu, valued at USD2.6 billion and USD1.7 billion, respectively, were suspended, reportedly due to a lack of consent by the government of Guangdong province currently overseeing Evergrande’s restructuring.

News of Evergrande’s remittance caused its shares to rise by as much as 7.8% this morning after a two-week pause in trading for the anticipated sale of 50.1% in Evergrande Property Services Group, and offering some reprieve for bondholders, according to Reuters. Portfolio manager at GaoTeng Global Asset Management James Wong, interviewed by The Guardian, called the news “a positive surprise”, adding “[i]f Evergrande pays this time, I don’t see why it won’t pay the next time.” Jun Rong Yeap for IG Asia pte., interviewed by Bloomberg, said the report “overturned” the narrative “that Evergrande will face difficulty in securing cash ahead”.

Further missed payments are due October 29 and November 11 after similar 30-day grace periods; including yesterday’s USD83.5 million, nearly USD280 million is owed to bondholders.

Stocks have been down for many major Chinese developers: Reuters Wednesday reported year-to-date stock prices fell 87.8% for Sinic Holdings, currently in Fitch Ratings’ ‘restricted default’ after failing to make an October 18 bond payment valued, according to The Guardian, at USD246 million; 80.2% for Evergrande itself; 78.3% for E-House, 58.5% for Fantasia Holdings and 54.6% for Kaisa Group, which defaulted in 2015 and had bonds reach record lows.

Estimates of the Chinese real estate market’s size range from 16 to 25% of the Chinese gross domestic product, according to The Guardian. Chinese President Xi Jinping’s aim to transform the country’s economy from one of debt-fuelled “inflated” growth to one of improved “quality and returns” included imposing regulations on developers that limited their capacity to borrow. A Guardian comment piece from economist George Magnus published on October 15 made reference to China’s “ghost cities” and “rampant credit creation” that has given rise to high vacancy rates and the “financialisaton of housing”.

Tuesday, April 10, 2018

On Saturday, the Trump Tower, in Midtown, New York City, caught fire shortly before 18:00 EST (2200 UTC) on the 50th floor, claiming the life of a 67-year-old resident, Todd Brassner, who lived in apartment 50C. All other residents were evacuated without incident. During the fire, six firefighters received non-life-threatening burns and other minor injuries. Neither US President Donald Trump nor the First Family were in the building at the time of the fire.

The high-end Fifth Avenue address is the personal residence of President Donald Trump, whose family occupies the top three stories of the 58-story building. The US Secret Service maintains a constant security presence inside the building with the New York City Police Department guarding a hard perimeter, intended to stop vehicular attacks, and a soft perimeter, intended for on-foot attacks.

The four-alarm fire required 200 firemen, extra police, and paramedics. At 20:00 EST (0000 UTC Sunday), the New York City Fire Department (FDNY) declared the fire was under control. Trump tweeted, “Firemen (and women) did a great job. THANK YOU!” This is the second fire at Trump Tower since the election; previously on January 8, a fire was caused by an electrical malfunction in a cooling tower on the roof. Three FDNY firefighters received minor injuries, and all residents and office workers evacuated without incident on that occasion.

Trump Tower provides a number of unique problems never before encountered by the Secret Service. Never has a US President’s personal residence been inside a skyscraper or in a densely populated area like Midtown. The security measures have disrupted vehicular and pedestrian traffic requiring time consuming detours and delaying emergency response.

The New York Fire Code did not mandate sprinkler systems at the time Trump Tower was built in 1983, which might have reduced the size and severity of the fire had they been present. The 50th-floor apartment was, according to FDNY Fire Commissioner Daniel Nigro, “[T]he apartment was virtually, entirely on fire.” The Secret Service monitors all the fire alarms in the building but it took time to find the source of the thick black smoke emanating from the fire. Secret Service Agents escorted the firefighters throughout the building, including the Trump residence.

Brassner, the sole casualty, was unconscious when firefighters pulled him out of apartment 50C. He was transported to Mount Sinai Roosevelt Hospital. Originally listed as critical, he was pronounced dead sometime during the night. Brassner, guitar collector, was acquainted with artist Andy Warhol and was acknowledged in Warhol’s 1989 autobiography, The Andy Warhol Diaries. The cause of the fire is unknown, with investigations into Brassner’s death and the emergency response ongoing. Currently, the Secret Service leads the investigation.

A compilation of brief news reports for Thursday, November 13, 2008.

A new study has found that people storing extra fat around their waist have a strongly increased chance of early death, even if their overall weight is average. The study, published in the New England Journal of Medicine today, found that for each addition 5 cm on the waist, the chance of early death is increased by between 13% and 17%.

In the study, 360,000 people from across nine countries in Europe were surveyed.

One of the study’s authors, Professor Elio Riboli of Imperial College London, commented on the findings. “We were surprised to see the waist size having such a powerful effect on people’s health and premature death,” he stated.

Sources

• “‘Love handles’ raise death risk” — BBC News Online, November 13, 2008
• Ian Sample. “Waist, not just weight, shows risk of premature death, study says” — The Guardian, November 13, 2008
• Tobias Pischon et al. “Abstract: General and Abdominal Adiposity and Risk of Death in Europe” — New England Journal of Medicine, November 13, 2008

The European Commission, the executive branch of the European Union, has today lifted its ban on unusually shaped fruits and vegetables, in what the EU’s agriculture commissioner has called “a new dawn for the curvy cucumber and the knobbly carrot”.

The regulation has previously been criticized as an example of the EU’s bureaucracy by critics of the organisation.

The products affected by the deregulation are apricots, artichokes, asparagus, aubergines, avocadoes, beans, Brussels sprouts, carrots, cauliflowers, cherries, courgettes, cucumbers, cultivated mushrooms, garlic, hazelnuts in shell, headed cabbage, leeks, melons, onions, peas, plums, ribbed celery, spinach, walnuts in shell, water melons and witloof/chicory.

Sources

• “EU slices up ‘ugly fruit’ rules” — BBC News Online, November 13, 2008
• “Europe Relaxes Rules on Sale of Ugly Fruits and Vegetables” — New York Times, November 13, 2008

A vase purchased at a car boot sale for £1 has sold for £32,450, following advice from experts on the BBC‘s Antiques Roadshow television program. The vase was sold in an auction at Christie’s.

The vase was found to be a 1929 work made by the French designer Rene Lalique.

Sources

• “Car boot sale vase nets £32,450” — BBC News Online, November 13, 2008
• “£32,449 profit for car boot sale vase by Lalique” — Times Online, November 13, 2008

Recent anonymous press briefings by US State Department officials indicated that its arms control division may punish Blackwater Worldwide for improper paperwork.

The Directorate of Defense Trade Controls has the power to fine or agree voluntary penalties with exporters of certain weapons, who do not follow correct procedures. Blackwater Worldwide, a private military company, exported automatic weapons to Iraq that became the subject of a federal investigation first disclosed in 2007.Concern was expressed by the unnamed officials that paperwork errors may make the weapons untraceable, and that some reached Iraq’s black market.

Sources

• “Blackwater Faces Millions in Fines for Weapons Shipments (radio show transcript)” — Democracy Now!, November 13, 2008
• Knight Ridder / McClatchy Newspapers. “Blackwater faces Fines over Arms Deal” — Military.com, November 13, 2008
• Dan Friedman, Congress Daily. “Blackwater could face sanctions for improper arms shipments” — Government Executive, November 7, 2008

Monday, August 21, 2006

A report by the International Water Management Institute (IWMI) says rising demand for irrigation to produce food and biofuels will aggravate scarcities of water. “One in three people is enduring one form or another of water scarcity,” states the report compiled by 700 experts.

IWMI warns there has to be a radical transformation in the management of water resources – citing as examples Australia, south-central China, and last year’s devastating drought in India. Report authors claim that the price of water could double or triple over the next two decades. The report, backed by the United Nations and farm research groups, shows that globally, water usage had increased by six times in the past 100 years and would double again by 2050 – driven mainly by irrigation and demands by agriculture.

Record oil prices and concerns about rapid onset climate change are driving more countries to produce biofuels – from sugarcane, corn or wood – as an alternative to fossil fuel. “If people are growing biofuels and food it will put another new stress,” says David Molden, who led the study at the Sri Lanka-based IWMI. “The big solution is to find ways to grow more food with less water. Basically, more crop per drop,” Molden said. “The number one recommendation… is to look to improve rain-fed systems in Sub-Saharan Africa and South Asia.”

The report says conquering hunger and coping with an estimated 3 billion more humans by 2050 will result in an 80 percent increase in water use for agriculture. Irrigation absorbs around 74 percent and is likely to surge by 2050.

“We will have to change business as usual in order to deal with growing scarcity,” said Frank Rijsberman, director general of the IWMI, of the report released at the 2006 “World Water Week” conference in Stockholm. Solutions included helping poor countries to grow more food with available fresh water via simple, low-cost measures, a shift from past policies that favoured expensive dams or canals, the report said.

According to Rijsberman, there are two types of shortages: those observed in regions where water is over-exploited, causing a lowering of groundwater levels and rivers to dry up; and those in countries lacking the technical and financial resources to capture water – despite its abundance.

Billions of people in Asia and Africa already faced water shortages because of poor water management, he said. “We will not run out of bottled water any time soon, but some countries have already run out of water to produce their own food,” he said.

The report said that a calorie of food took roughly 1 litre of water to produce, with a kilo of grain needing only 500-4,000 litres compared to a kilo of industrially produced meat taking 10,000 litres.

“Without improvements in water productivity the consequences of this will be even more widespread water scarcity and rapidly increasing water prices.” Rijsberman said water scarcity in Africa was caused by a lack of infrastructure to get the water to the people who needed it. “The water is there, the rainfall is there, but the infrastructure isn’t there,” Rijsberman told reporters.

Other recommendations for certain regions include the extension and the improvement of agriculture using rainwater, the introduction of cereal varieties that need less water as well as the development of irrigation systems.

But the priority, Rijsberman stresses, is to change mentalities and often outdated government policies. “Government policies and their approach to water are probably the most urgent that need changing in the short term,” he said.

There is, he says, enough land, water and human capacity to produce enough food for a growing population over the next 50 years, but one of the challenges is to provide enough water for agriculture without damaging the environment. “Agriculture is driving water scarcity and water scarcity is driving environmental degradation and destruction,” he said.

In Australia last week, Rijsberman said he would “not be surprised to see the price of water double or triple over the next two decades.”