Month: December 2017

Monday, April 6, 2009

Leaders and central banks in Russia, China, Malaysia, Indonesia, Thailand, and Kazakhstan have called for an international currency system.

Speaking on April 1 in advance of the G-20 summit in London, Russian president Dmitry Medvedev argued that the international finance system needed a “new construction” including “new currency systems”, saying that such a new system could be the purpose of a revamped IMF and World Bank. The IMF was originally founded in 1946 as the overseer of the Bretton Woods system, which from its founding until the 1970s tied the western world’s currencies to the US Dollar, which was in turn backed by gold. Russia’s proposal was for the new currency to serve as a reserve currency, one which would take the place of the dollar, euro, and other heavily-traded currencies as an international standard of exchange.

Medvedev’s comments are a reversal of Russian position from a lukewarm response following a looser outline for a worldwide currency by Kazakhstani president Nursultan Nazarbayev. On March 11, Nazarbayev suggested the establishment of the “acmetal”, a portmanteau of “acme” and “capital“, as a reserve currency replacing the ruble in international transactions, first for Central Asia and then worldwide. 1999 Economics Nobel laureate Robert Mundell, speaking to the Daily Telegraph, endorsed the idea, saying “It would be a very good idea if the G-20 took that idea up in London”.

2001 Nobel economics prize winner Joseph Stiglitz, meanwhile, said the new currency could come about quickly if it was based on an expansion of the IMF’s already established system of Special Drawing Rights, units of exchange used by the IMF which already have some of the features of currency. Stiglitz argued that, as the US dollar has become the standard global reserve currency, it has inadvertently created a system which hurts the world economy. “It’s a net transfer, in a sense, to the United States of foreign aid,” he argued, reasoning that when other countries purchase US dollars in order to use them on international markets (such as for the buying and selling of petroleum), they effectively give the US a zero-interest loan — sometimes at times when they can least afford it. Stiglitz made his comments as head of a United Nations panel of economists giving recommendations to address the global financial crisis.

In the weeks leading up to the G-20 conference, the People’s Republic of China also began discussing a new system for reserve currencies. In a March 23 speech, Zhou Xiaochuan, governor of the People’s Bank of China, endorsed a new reserve currency, saying “the desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies.” Zhou went on to endorse the expansion of the SDR system in the long-term creation of a reserve currency government by the IMF. While Zhou did not mention the US dollar specifically, analysis by Qu Hongbin, chief China economist for HSBC, for the Financial Times said that the speech “is a clear sign that China, as the largest holder of US dollar financial assets, is concerned about the potential inflationary risk of the US Federal Reserve printing money”.

China holds $740 billion as assets; inflation in the US economy, which has been low in recent years, would directly cause those assets to lose value.

While the Chinese government has engaged in currency swaps with several other growing economies, such as South Korea, Argentina, Malaysia and Indonesia, the Chinese Yuan cannot be used itself as a reserve currency as it cannot be freely traded on the global market.

The Chinese-Russian proposal was not entered onto the agenda at the G-20 meeting itself. Nonetheless, British Prime Minister Gordon Brown said that the G-20 was open to considering the proposal if and when a detailed one is presented. United States President Barack Obama, meanwhile, endorsed the continuation of dollar supremacy, saying that the US dollar is “extraordinarily strong” and arguing that its strength was the result of the intrinsic stability of the United States economic and political system; US treasury secretary Timothy Geithner had, the week before, made comments that while he supported an expansion in the SDR mechanism he rejected the idea of a global currency. Rather than change the role of SDRs, the G-20 meeting instead added $250 billion in support to the fund backing SDRs.

After the G-20 conference ended on Thursday, Malaysia’s The Star BizWeek reported that the central banks of Indonesia, Malaysia and Thailand had endorsed the Chinese proposal. All three countries have close economic ties with China and suffered heavily from the collapse of their currencies in the 1997 Asian Financial Crisis; the sudden growth in the value of the US dollar relative to those countries’ native currencies sharply increased debt in Southeast Asia’s economies, leading to a wave of bankruptcies.

International reaction from other economies has been mixed and guarded. Luiz Inacio Lula da Silva, President of Brazil, said that the currency proposal was important to discuss but did not give extensive comment. And while UPI reports that India supported the SDR proposal at the G-20 conference, the Indian Press Trust quotes Indian Prime Minister Manmohan Singh as saying last month, “It is too early to talk about common currency.”

Calls for an independent global reserve currency are not new. In 1944, John Maynard Keynes proposed the “bancor“, a unit like the SDR supported by a basket of commodities. Keynes’ idea was rejected and the US dollar took the equivalent role under the Bretton Woods system. Keynes proposed that the bancor system would be reinforced by a tax on participating countries’ current accounts, the difference between their exports and their imports, in order to encourage balanced trade. Meanwhile, monetary unions have become more popular since the end of the gold standard, with most of the European Union now trading the euro, and several countries outside the EU using it as a de facto currency; five West African countries adopting the eco at the end of this year; and the African Union planning to introduce the afro in 2028. Proposals for a North American currency union based around the so-called “amero” have been frequently discussed as the focus of conspiracy theories in the United States, but none of the US, Canada or Mexico have actively pursued the establishment of any such monetary union, however the dollar is the currency of several Latin American countries.

Monday, November 28, 2005

U.S. Representative Randy “Duke” Cunningham (R–CA) pled guilty today to conspiring to take bribes in exchange for using his influence as a member of the House Appropriations Committee to help a defense contractor get business. In total he pled guilty to one count of income tax evasion and four counts of conspiracy, namely mail fraud, wire fraud, bribery of public official and accepting bribes. U.S. District judge Larry A. Burns scheduled Cunnigham to be sentenced on February 27. He is facing up to 10 years in prison and nearly $500,000 in fines, as well as forfeiture of unspecified amounts of cash and property.

In the court hearing, Cunningham admitted to accepting “bribes in exchange for performance of official duties” between “the year 2000 and June of 2005”, taking “both cash payments and payments in kind” and following up by “trying to influence the Defense Department”.

The federal investigation against Cunningham was triggered by his sale of his California residence to defense contractor Mitchell Wade in late 2003. However, Wade never moved in and sold the house at a $700,000 loss three quarters of a year later. At the same time Wade’s company MZM won tens of millions of dollars in defense contracts. Subsequent investigations discovered more questionable business transactions, including interactions with the defense contractor ADCS. In his plea agreement he testified that, among other charges, he “demanded, sought and received at least $2.4 million in illicit payments and benefits from his co-conspirators in various forms, including cash, checks, meals, travel, lodging, furnishings, antiques, rugs, yacht club fees, boat repairs and improvements, moving expenses, cars and boats.”

Cunningham announced his resignation after the hearing. In a written statement released by his law firm O’Melveny & Myers LLP he declared “The truth is — I broke the law, concealed my conduct, and disgraced my high office. I know that I will forfeit my freedom, my reputation, my worldly possessions, and most importantly, the trust of my friends and family.”

Thursday, April 29, 2010

UK Prime Minister Gordon Brown is now at the centre of controversy when, on Thursday, a live microphone caught him describing a voter he had talked to as being a “bigoted woman”.

The incident occurred after Brown, encouraged by his advisors to interact with ordinary people more often before next week’s parliamentary elections, went for a walkabout in the town of Rochdale, located near Manchester. There, he spoke with Gillian Duffy, aged 65, who challenged him on topics such as health and education, before asking about immigration: “All those Eastern Europeans what are coming in, where are they flocking from?” she asked him.

Brown responded by saying that “[a] million people come from Europe, but a million people, British people, have gone into Europe.” The prime minister, upon finishing the discussion, said it was “very nice to meet you” and returned to his car.

Unbeknownst to him, however, the Sky News microphone attached to his lapel was still turned on and picked up the conversation that followed inside the vehicle: “That was a disaster … they should never have put me with that woman,” Brown said. “Whose idea was that? It’s just ridiculous.” When an aide asked what Duffy had said, Brown responded: “Everything, she was just a bigoted woman that said she used to be Labour […] I don’t know why Sue [an aide] brought her up towards me.”

The PM, upon being informed what had happened, returned to Duffy’s home to personally apologise. “Sometimes you do make mistakes and you use wrong words, and once you’ve used that word and you’ve made a mistake, you should withdraw it and say profound apologies, and that’s what I’ve done,” he said. During an interview with the BBC, Brown is seen with his head in hands as the comments were replayed.

Duffy, speaking to reporters immediately after having talked with the PM, described Brown as being “very nice”, but later said she was “very upset” when informed what Brown had said off-camera. “Why has he come out with words like that? He’s supposed to be leading the country and he’s calling an ordinary woman who’s come up and asked questions that most people would ask him,” she said in an interview with the BBC.

“[…] It’s going to be tax, tax, tax for another twenty years to get out of this national debt, and he’s calling me a bigot,” later adding: “I want to know why – them [sic] comments I made there – why I was called a bigot.”

A spokesman for Brown said: “Mr Brown has apologised to Mrs Duffy personally by phone. He does not think that she is bigoted. He was letting off steam in the car after a difficult conversation. But this is exactly the sort of conversation that is important in an election campaign and which he will continue to have with voters.”

Some political analysts have said the gaffe may hurt Labour’s chances in the upcoming elections; the party had managed to narrow the Conservatives’ lead in recent opinion polls.

The Conservatives responded to the incident — dubbed by some media outlets as “Bigotgate” — with Shadow chancellor George Osborne saying that “general elections […] do reveal the truth about people.”

Liberal Democrat leader Nick Clegg, meanwhile said: “You should always try to answer the questions as best you can. He has been recorded saying what he has said and will have to answer for that.”

Andrew Russell, a politics lecturer for Manchester University, commented on the situation. “A politician in a stronger position could recover from this. What we know is that Gordon Brown is not in that position.”

Saturday, October 27, 2007

Gay Talese wants to go to Iraq. “It so happens there is someone that’s working on such a thing right now for me,” the 75-year-old legendary journalist and author told David Shankbone. “Even if I was on Al-Jazeera with a gun to my head, I wouldn’t be pleading with those bastards! I’d say, ‘Go ahead. Make my day.'”

Few reporters will ever reach the stature of Talese. His 1966 profile of Frank Sinatra, Frank Sinatra Has a Cold, was not only cited by The Economist as the greatest profile of Sinatra ever written, but is considered the greatest of any celebrity profile ever written. In the 70th anniversary issue of Esquire in October 2003, the editors declared the piece the “Best Story Esquire Ever Published.”

Talese helped create and define a new style of literary reporting called New Journalism. Talese himself told National Public Radio he rejects this label (“The term new journalism became very fashionable on college campuses in the 1970s and some of its practitioners tended to be a little loose with the facts. And that’s where I wanted to part company.”)

He is not bothered by the Bancrofts selling The Wall Street Journal—”It’s not like we should lament the passing of some noble dynasty!”—to Rupert Murdoch, but he is bothered by how the press supported and sold the Iraq War to the American people. “The press in Washington got us into this war as much as the people that are controlling it,” said Talese. “They took information that was second-hand information, and they went along with it.” He wants to see the Washington press corp disbanded and sent around the country to get back in touch with the people it covers; that the press should not be so focused on–and in bed with–the federal government.

Augusten Burroughs once said that writers are experience junkies, and Talese fits the bill. Talese–who has been married to Nan Talese (she edited James Frey‘s Million Little Piece) for fifty years–can be found at baseball games in Cuba or the gay bars of Beijing, wanting to see humanity in all its experience.

Below is Wikinews reporter David Shankbone’s interview with Gay Talese.

See the discussion page for instructions on adding schools to this list.Tuesday, September 13, 2005

NAICU has created a list of colleges and universities accepting and/or offering assistance to displace faculty members. [1]Wednesday, September 7, 2005

This list is taken from Colleges offering admission to displaced New Orleans students, and is intended to make searching easier for faculty, graduate, and professional students.

In addition to the list below, the Association of American Law Schools has compiled a list of law schools offering assistance to displaced students. [2] As conditions vary by college, interested parties should contact the Office of Admissions at the school in question for specific requirements and up-to-date details.

The Association of American Medical Colleges is coordinating alternatives for medical students and residents displaced by Hurricane Katrina. [3]

ResCross.net is acting as a central interactive hub for establishing research support in times of emergency. With so many scientists affected by Hurricane Katrina, ResCross is currently focused on providing information to identify sources of emergency support as quickly as possible. [4]

With so many scientists affected by Hurricane Katrina, ResCross is currently focused on providing information to identify sources of emergency support as quickly as possible.

Physics undergraduates, grad students, faculty and high school teachers can be matched up with housing and jobs at universities, schools and industry. [5] From the American Association of Physics Teachers, the Society of Physics Students, the American Institute of Physics and the American Physical Society.

If you are seeking or providing assistance, please use this site to find information on research support, available lab space/supplies, resources, guidelines and most importantly to communicate with fellow researchers.

The following is a partial list, sorted by location.

Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | District of Columbia | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming | Canada

Wednesday, December 5, 2007

Dutch scientists have said in a study that burning your food may lead to certain types of cancer, particularly in women. Scientists also say that more research is needed to make a definite determination and that there are other factors that could be to blame.

“This new study supports our current advice, which already assumes that acrylamide has the potential to be a human carcinogen. Since acrylamide forms naturally in a wide variety of cooked foods, it is not possible to have a healthy, balanced diet that avoids it,” said a Food Standards Agency spokesperson.

According to the study, acrylamides, a chemical produced when cooking foods high in carbohydrates over 120 degrees Celsius (248 degrees Fahrenheit) in the frying, toasting and grilling processes, is a likely cause of some womb and ovarian cancers. Although it was found in 2002 that the chemical may be a cause of some cancers, the new study shows, for the first time, a link between the chemical in a human diet being a cause. To date, there is no evidence to suggest the chemical may cause breast cancer.

Scientists followed and monitored 120,000 people over an 11-year-period, of whom 62,000 were women. Of the women, 300 ended up contracting ovarian cancer with 327 contracting womb cancer.

The study concluded that more than 40 micrograms of the chemical, or one bag of potato chips per day, is twice as likely to cause cancer in women.

“General advice, resulting from this project, is to avoid overcooking when baking, frying or toasting carbohydrate-rich foods,” said a spokesman for the European Union.

Wednesday, May 23, 2007

Frieda Birnbaum, aged 60, gave birth to two sons on May 22, at 12:44 pm at Hackensack University Medical Center in Trenton, New Jersey. Both babies were delivered by Caesarean section, and each weighed 4 pounds, 11 ounces and are doing well.

“The mom is in recovery, and she and the babies are doing really well,” said Nancy Radwin a spokeswoman for the medical center.

Doctors believe Birnbaum may be the oldest woman in the United States to give birth to twins. Birnbaum has been married to her husband Ken for 38 years, and underwent in-vitro fertilization last year in Cape Town, South Africa. The couple already had three children, a daughter, 29 and two sons, 6 and 33.

“This is so wonderful, I feel so relaxed. It has been a great experience. I don’t feel like I’m 60. I don’t know what 60 is meant to be,” said Birnbaum as quoted by Newsday, who quotes FOX News.

Women giving birth this late in age, says Radwin, face high risks when they become pregnant.

“There were no guidelines of what to do and what to look for in a pregnancy at the age to 60. Can the heart or the kidneys withstand the pregnancy? It becomes a little risky to take care of this pregnancy,” added Radwin.

One year ago, a now 60 year-old woman also from New Jersey named Lauren Cohen gave birth to twins. Birnbaum and Cohen became friends after Birnbaum contacted Cohen about her giving birth.

Currently, Maria del Carmen Bousada Lara, who lives in Spain, is the oldest woman in the world to give birth to twins. On December 29, 2006, she gave birth to two boys. She was 67 at the time.

Sunday, May 15, 2005

Kasey Kahne rode into victory early Sunday morning at Richmond International Raceway in the state of Virginia, USA, in his first Nascar Nextel Cup victory. Kahne, who drives a Dodge, and is sponsored by the same company, won automaker competitor Chevrolet‘s sponsored race, the Chevy American Revolution 400.

The 25-year old from Huntersville, North Carolina had previously gained the pole position for Saturday’s night race on Friday. Early in the race, second-place finisher Tony Stewart took lead from Kahne, continuing on to lead over 100 cumulative laps in the race. At lap 234 of 400, Stewart spun out coming out of the fourth turn, which resulted in Kahne regaining the lead. After two more lead changes between the two, Kahne led the last 7 laps to take the checkered flag.

Points leader Jimmie Johnson crashed his car early into the race, taking a last-place finish. He continues to lead the cup series in points.

Thursday, December 6, 2012

Women’s rights advocate and Georgetown University Law Center graduate Sandra Fluke was the keynote speaker at a women’s health event Tuesday night in Nebraska.

Fluke was the headliner in Lincoln, Nebraska at the Rococo Theatre for the annual fundraiser of Planned Parenthood of the Heartland, titled: “The Big Event: Courage — No Matter What”. She currently resides in Los Angeles, California with her fiancé and “Mr. President”, their pet dog. After graduating cum laude with her J.D. degree this past May, Fluke successfully took and passed the bar exam in July and is now an attorney.

In an interview with the Lincoln Journal Star, Fluke reflected on her role as a public figure and her ability to contribute to the contribute to the discourse about women’s rights, “It’s uplifting and heartening to see how many people really care about the issues I’m talking about.” Fluke observed, “I think it’s also allowed me to give a voice and shine a light on the work that a lot of people are doing.”

Fluke’s speech centered on women’s rights, women’s healthcare, and the Patient Protection and Affordable Care Act. She stressed the importance of women’s issues in the recent election for U.S. President: “This year, something changed in our national conversation about women’s health…. Before my time, women’s healthcare has never decided a presidential election. We really did make a difference this election.” She spurred on attendees of the event to become more active in supporting women’s rights: “It’s time for young women in this country to join the fight, because it’s our rights and our health that are at stake.”

Planned Parenthood regional development and planned gifts director Tari Hendrickson told the Lincoln Journal Star Sandra Fluke was her top choice for keynote speaker at the event: “Sandra was No. 1 on my list; I never had a No. 2. She’s a voice of reason. I think she has raised the bar for rational conversation about a serious issue.”

Planned Parenthood of the Heartland Planned Nebraska communications manager Susan Allen told the Daily Nebraskan Sandra Fluke was the ideal person to serve as keynote speaker: “She is a wonderfully outspoken person on the affordable care act, women’s health and women’s rights. We decided she would be the perfect person to speak to Planned Parenthood supporters.”

Planned Parenthood intern and University of Nebraska-Lincoln student Emily Schiltz commented on landing Fluke as the keynote speaker, “She is definitely the biggest person we’ve had in a long time.”

“I feel like she walks the walk rather than talk the talk,” said Planned Parenthood intern and journalism student Audrey Nance.

Fluke indicated her intention was to persevere in speaking about issues she thinks important: “I think my ultimate goal is giving a voice to people who don’t always have one.”

She has been named as a candidate by Time magazine in a November 26 announcement, for their Person of the Year. Time concluded Fluke helped give U.S. President Barack Obama an edge in his presidential re-election campaign.

Fluke was a featured speaker on September 5 at the 2012 Democratic National Convention in Charlotte, North Carolina. Fluke spoke to attendees at the convention about the consequences for women of electing Republican candidate for U.S. President, Mitt Romney, over incumbent President Barack Obama. Fluke has campaigned with President Obama in his bid for re-election.

She was recognized April 22 with the Stand Up for Choice Award. Fluke was given the Stand Up for Choice Award at the “Third Annual Multi-Generational Brunch” of the organization NARAL Pro-Choice America which was held in New York City (NYC), New York in the United States.

Fluke received a nomination in March as a candidate for Time magazine’s 100 most influential people in the world. The list is released annually as a special edition of Time magazine, titled Time 100.

She gave testimony to the US Congress on February 23 before the House Democratic Steering and Policy Committee at a hearing about women’s health and contraception. She also worked for Sanctuary for Families in NYC which worked to crack down on human trafficking and domestic violence.

Wednesday, September 13, 2017

A police officer has shot and killed his wife and two of their children at the train station in the French city of Noyon in the department of Oise, the local prosecutor said, after the wife had informed the officer of her intention to separate from him. Their sons were aged three and five; a third child, twin to the five year old victim, survived the attack and is in the care of child services. The killings took place around 11:30 local time (0930 UTC) on Sunday.

The wife, born in 1983, called the gendarmes (police) in the morning, and they arrived to find her explaining to their five children about the domestic argument which had escalated. The husband returned while the police were present, and they reported he seemed calm and did not interfere with the children being moved to a neighbor’s home, so they departed. The woman reportedly chose to leave her house when her husband was not there, and headed to the station, where the husband awaited them armed.

After assassinating his family, the police officer committed suicide. The wife’s family lived in Guiscard, near Noyon. The station at Noyon was closed after the incident. Late on Sunday, the police were searching for a witness who escaped after observing the events.