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Monday, June 30, 2014

State Bank of India (SBI) and Bank of Baroda (BoB), two of the largest public sector banks of India, proposed on Saturday their gold deposits should be allowed to count toward their state-mandated cash reserve ratio (CRR) or statutory liquidity ratio (SLR).

Arundhati Bhattacharya, the chairperson of SBI, made the proposal at a Gem & Jewellery Export Promotion Council event held in Mumbai on Saturday. She said the need for gold deposits to become more liquid has increased because gold import is putting a strain on the country’s current account deficit. S. S. Mundra, Chairperson and managing director of BoB, agreed and said it would help bringing gold into the more productive sectors of the economy.

Bhattacharya added SBI has no longer any incentive to run its gold deposit scheme as it cannot fully deploy the assets, noting SBI is the party most involved with gold deposits in India. G. S. Sandhu, Union financial services secretary, also at the event, responded that the government is looking for ways to monetize the gold held by the public, as import of gold can strain the current account deficit and foreign exchange reserves.

Currently, the Reserve Bank of India has set the CRR at 4% and the SLR at 22.5%. SLR is the portion of deposits that must be invested in recognized safe securities and assets.

Saturday, September 3, 2005

Over twenty five nations have offered aid in the wake of Hurricane Katrina. In particular, France has offered the use of its resources in the Caribbean sea, including 2 navy ships, 1 navy hospital, 8 planes, 600 tents, 1000 beds, and rescuers. President George W. Bush has refused such material aid to the hurricane’s victims, although cash donations will be accepted. He explained his reasons to ABC News:

I’m not expecting much from foreign nations because we hadn’t asked for it. I do expect a lot of sympathy and perhaps some will send cash dollars. But this country’s going to rise up and take care of it. You know, we would love help, but we’re going to take care of our own business as well, and there’s no doubt in my mind we’ll succeed. And there’s no doubt in my mind, as I sit here talking to you, that New Orleans is going to rise up again as a great city.

A few of these nations, such as Venezuela and Cuba, are disliked by the administration, but the majority are considered allies of the United States. Venezuela’s Citgo Petroleum Corp. pledged a $1 million donation for hurricane aid. Cuba refused U.S. aid following Hurricane Dennis. In order to reduce the side effects of hurricane Katrina, Japan, Venezuela, and most EU countries offer to provide oil reserves to the U.S.

Friday, January 23, 2009

Wikinews has learned that the internet group known only as “Anonymous” has hacked the website of the No Cussing Club (NCC), nocussing.com, for at least two days in a row. On day one, the group hacked into the website, replacing the content with links to images of alleged e-mail conversations. The e-mails appear to be from the founder’s e-mail account, accusing organization members of forgery and using the site for their own personal financial gains. The website was also replaced with Anonymous’s logo and a message. On January 22, they again attacked the website, by means of a Distributed Denial-of-service attack (DDoS), bringing it offline periodically throughout the day. Anonymous attacked the Scientology website in 2008 with a DDoS attack, taking it off-line for at least two days.

“It has come to our attention that the creators of the no cussing club, McKay and Brent Hatch have done so at great personal gain. Their material promotes the organization as the brainchild of their 14-year-old son, when actually the material is written by his parents, who also manage his profitable career while using his speaking events to plug their own material,” said Anonymous on the hacked website. On Encyclopedia Dramatica, a satire Wiki, they claim further responsibility for the hack and exposition saying they managed to break into McKay and Brent Hatch’s email accounts. “[the accounts got] haxx0rd and via this astonishing development passwords were got and a certain website got its shit ruined.”

According to the NCC’s website, it has 20,000 members worldwide, was founded in 2007 by McKay Hatch, a 14-year-old boy, and aims at discouraging swearing in public places such as schools. In 2008, McKay even succeeded in making cussing illegal in his hometown of South Pasadena, California and has appeared on various talk shows such as that of Doctor Phil. However, according to e-mails leaked to Wikinews, allegedly written by the boy’s father Brent, a motivational speaker also owning Dawson Publishing, the parents are allegedly using the site and their son’s material for their own personal financial gain. Anonymous also claims that the parents have forged some of their son’s writings and claim it to be his.

The e-mails allege that Brent along with his publishing company, the name which “nocussing.com” is also registered under, were trying to set up assemblies in the No Cussing Club’s name at schools across the United States for US$1,500.00 per show and would then pocket the money, doing the same for postcards they created for churches and schools.

“McKay spoke last night to a group of 40 people, and at the end of his presentation, there wasn’t a dry eye in the crowd. I know this is going to work because the message is so important. Thanks for all you do and I hope we can work together for a long time, and of course make money in the process,” said Brent in an alleged e-mail conversation on November 25, 2008. Earlier in August 2008, Brent spoke about hoping to reach a “goal” of “2.5 million dollars” by selling thousands of postcards to “schools and churches”.

On January 19, 2009, ABC News.com reported that McKay claimed Anonymous was sending him and his family hate e-mail and death threats, nearly 50,000 per day, “almost all of them filled with obscenities” and spam. On the NCC’s website, McKay calls himself the “most cyberbullied kid on the planet” because of Anonymous’s attacks.

“A lot of people were saying I was taking away their freedom of speech,” said McKay to ABC News on January 16. “All I was trying to do was raise awareness.” He says he formed the club because his schoolmates were sick of hearing people swear in public. Wikinews contacted the NCC to confirm or deny the reports, but would only say that “the FBI is [working] on it [the case]” including “our attorney and we will press charges” against those who are responsible for the crimes.

Anonymous is known to prank and hack websites and e-mail accounts. In September 2008, the group hacked into BillOreilly.com, the official website of Fox News Channel commentator Bill O’Reilly, exposing personal information of the site’s users in a document posted on the internet.

The NCC is located in South Pasadena. According to the California Penal Code §502 part C of the computer hacking laws, depending on the offense if caught, punishments could be a “fine not exceeding ten thousand dollars ($10,000), or by imprisonment in the state prison for 16 months, or two or three years, or by both that fine and imprisonment, or by a fine not exceeding five thousand dollars ($5,000), or by imprisonment in a county jail not exceeding one year, or by both that fine and imprisonment”.

On October 20, 2008, Dmitriy Guzner, aged 18 from New Jersey, admitted to the charges related to carrying out the DDoS attack on Scientology’s website. He was subsequently charged with computer hacking crimes and faces a maximum sentence of ten years imprisonment.

Monday, December 29, 2008

At least nine people have been killed in a two-story house in Covina, California, after a man dressed in a full Santa Claus outfit opened fire at a Christmas Eve party and then set the house ablaze. Covina is a city in Los Angeles County, California about 22 miles (35 km) east of downtown Los Angeles.

According to local police, the Christmas party at the 1100 block of East Knollcrest Drive was attended by about 25 people. Trend News Agency said that the gunman fired two semi-automatic handguns and used an apparently home-made pressurized device to spread some kind of accelerant. As the guests tried in vain to escape, the gunman used his ‘present’ to spray inflammable liquid that started the raging blaze. Reports from the scene said Molotov cocktails were also used by the madman.

Media reports said the gunman was plotting vengeance against his ex-wife. Prime suspect, Bruce Jeffrey Pardo, age 45, six-foot-three-inch, 250 pound (1.9 meter, 113 kilogram), an electrical engineer, is long time Roman Catholic church usher and a laid-off aerospace worker. He worked with ITT Electronic Systems, Radar Systems, in Van Nuys from February 2005 to July 2008, and as an engineer at Northrop Grumman for five months in 2005, according to Court records. He had also worked for about nine years at NASA’s Jet Propulsion Laboratory in Pasadena until 1994.

Pardo’s ex-sister-in-law, who escaped from the Covina house alive with her injured daughter, called 911. Police on Friday released her 911 audio.

Msnbc.com has reported that Pardo “has brown hair and blue eyes, and known to frequent La Crescenta and La Verne.” Court records reveal that Mr Pardo’s wife acrimoniously divorced him last September. The divorce decree was finalized December 18. Until earlier this year, he lived in the Sylmar house with his ex-wife and her three children. The marriage lasted barely a year. However, Pardo held no criminal record and had no history of violence.

There is some speculation that the divorce may have been caused by Pardo concealing a paraplegic child from a previous relationship. Matthew, his nine-year-old son, by another former girlfriend, Elena Lucano, became brain damaged when he fell into a backyard swimming pool on Jan. 6, 2001. Pardo kept this child a secret from his wife. Pardo owed her $10,000 as part of the divorce settlement, according to court documents that detailed a bitter split. He also lost a dog he doted on and did not get back a valuable wedding ring. Pardo complained in a court declaration that Sylvia Pardo was living with her parents, not paying rent, and had spent lavishly on a luxury car, gambling trips to Las Vegas, meals at fine restaurants, massages and golf lessons.

After the mass murder, Pardo put on his street clothes and drove his rental Dodge Caliber car to the house of his brother, Jimmy Pardo, in Sylmar, approximately 30 miles away from the crime scene, where he committed suicide from a self-inflicted gunshot wound to the head. His brother was not present in the home and he broke inside to enter in. It was believed that Pardo intended to flee to Canada by plane as he had bought an airline ticket to a flight there from Los Angeles to Moline, Illinois. However due to suffering from severe third-degree burns on both arms stemming from the blaze, he decided to go against the initial plan.

Police had found $17,000 cling-wrapped on his legs inside a girdle, the car key, and his rental car that had been parked on Herrick Avenue, one block from his brother’s house, which had been rigged by remnants of his Santa suit that would ignite a flame and detonate the car with black powder if removed. Also recovered from the scene were four 13-round capacity handguns that were each empty, and at least 200 rounds of ammunition. Suggesting that what had been inside the car was being treated as a threat, police fired an incendiary device into it, destroying and burning it.

The police found on early Thursday, Mr Pardo bore a single gunshot wound to the head. According to LA County coroner’s official Ed Winter, the bodies found in the ashes were “extremely charred and burned.” All three of Sylvia Pardo’s children — Selina, Sal and Amanda — survived. According to the Scott Nord, the Ortega family lawyer, “the entire family was wiped out, and there’s basically like 16 orphans.”

Three other party guests have injuries, according to police. A 16-year-old girl was shot in the back, and an eight-year-old girl suffered facial gunshot wounds that were not life-threatening, while a 20-year-old woman had a broken ankle, after jumping from a second-story window, the police specified. About 80 firefighters put off the fire that soared fifteen metres (40 to 50 feet) high for more than one hour. The police discovered two handguns at the scene, and found two more in the in-laws’ house. Media reports on Friday said the 16-year-old daughter of Sylvia Pardo was released from Los Angeles County-USC Medical Center.

Meanwhile, investigators served a search warrant at Pardo’s Montrose house, where they retrieved evidence of high-octane racing fuel, five empty boxes for semi-automatic handguns, as well as two shotguns.

Covina police Lt. Pat Buchanan on Saturday said they are looking for Pardo’s rented gray 1999 RAV4, with California license plate 5RYD562. Police have found the second rental car Saturday night in a Glendale, California but found no bombs nor any explosives.

The police also revealed Saturday the names of nine people missing since the Christmas Eve massacre occurred. They are Pardo’s ex-wife, Sylvia Pardo, 43; her parents, Joseph Ortega, 80, and Alicia Ortega, 70; Alicia Ortiz, 46, and her son, Michael Ortiz, 17; Sylvia’s brother, Charles Ortega, 50, and his wife, Cheri, 45; another brother, James Ortega, 52, and his wife, Teresa, 51, according to Lt. Buchanan. “Hopefully, we’ll get positive identifications early next week,” Covina Police Chief Kim Raney said.

A murder-suicide is an act in which an individual kills one or more other persons immediately before, or at the same time as, killing him or herself. According to the psychiatrist Karl A. Menninger, murder-suicide or murder and suicide are interchangeable acts – suicide sometimes forestalling murder, and vice versa.

Thursday, March 10, 2022

The shipwrecked remains of Endurance, which carried the British 1915 expedition led by Sir Ernest Shackleton to Antarctica, were rediscovered beneath the Antarctic waters on March 7, it was announced yesterday.

The find by the Endurance22 expedition comes over a century after the vessel was marooned off the Antarctic coast and pushed by sea ice to the bottom of the Weddell Sea.

The vessel appeared to be in excellent condition, preserved by the frigid waters. The ship’s timbers seem intact, and the name Endurance is clearly visible below the stern and above the five-pointed star Polaris — both unchanged after so much time.

Submersible craft launched by Endurance22, formed and funded by the Falklands Maritime Heritage Trust, laid cameras on the Endurance at a depth of about 3,008 meters (9,868.8 ft). The probing vehicles were launched from the main hub of the expedition, the South African icebreaker S.A. Agulhas II.

The Endurance was originally the main vessel of the Imperial Trans-Antarctic Expedition by the United Kingdom, which sought to complete the first land crossing of Antarctica. Sir Ernest, a pioneer in British Antarctic exploration in the early twentieth century, and his expedition were stranded when the Endurance became trapped by sea ice and was slowly crushed.

They camped on the ice until able to launch lifeboats to eventually reach safety. All survived, but the Endurance sank.

For years, it had been nearly impossible for explorers to locate the ship’s remains, as the Weddell Sea is covered by thick sea ice year-round. However, the past month has seen the lowest recorded level of Antarctic sea ice since satellite records began. This allowed the multinational team of experts assembled by the Falklands Maritime Heritage Trust to make its uncovering.

Expedition leader Dr. John Shears said of the successful expedition: “We have made polar history… and successfully completed the world’s most challenging shipwreck search” and that it was “what human beings can achieve and the obstacles they can overcome when they work together.”

Director of exploration Menson Bound said: “It is not all about the past; we are bringing the story of Shackleton and Endurance to new audiences, and to the next generation, who will be entrusted with the essential safeguarding of our polar regions and our planet. We hope our discovery will engage young people and inspire them with the pioneering spirit, courage and fortitude of those who sailed Endurance to Antarctica.”

Sunday, December 13, 2009

Italian Prime Minister Silvio Berlusconi is in San Raffaele Hospital overnight in Milan following an assault during an autograph session at the end of a rally.

The 73 year-old media mogul received a punch in the face from an assailant who police named as 42 year-old Massimo Tartaglia, a local man who has been undergoing mental health treatment for ten years. Tartaglia was holding a replica of Milan’s famous Domo Cathedral as he struck the premier; the composition of the replica is unknown, but eyewitnesses suggest it may have been made from marble, iron or another heavy material.

The assailant is currently in custody at a police station somewhere in Milan; police have confirmed he has no prior criminal record.

The attack on Berlusconi left him requiring treatment for damage to his mouth, a broken nose, cuts to his face and, according to reports from BBC News, at least two broken teeth. He has undergone a precautionary CT Scan. This is not the only attack Berlusconi has received; several years ago a man hit him with a tripod, leaving him with a cut to his forehead.

Monday, January 9, 2006

Honda’s Civic and Ridgeline truck won the North American Car and Truck of the Year awards at the International Auto Show in Detroit. This is the first time a company has won both awards in the same year. The finalists were the Ridgeline, the Ford Explorer SUV and the Nissan Xterra. The awards are intended to recognize vehicles for their innovation, design, safety, handling, driver satisfaction, and value.File:Ford Explorer.jpg

Honda also unveiled its latest model the Fit, a US version of the Honda Jazz sold in nonUS markets. The Fit comes with a 109 horsepower engine, antilock brakes, six air bags, fold flat seats, full iPod connectivity, 90.1 cubic feet of passenger and cargo space, and 33 mpg for the city 38 mpg for the highway. A sport package will also include Honda’s first steering wheel mounted paddle shifters. The car will go against another two new Japanese subcompacts, the Toyota Yaris, Nissan Versa and will have to wrestle away sales from the category’s current top seller Chevrolet’s Aveo.

The car will start selling in April for around $13,000 to $14,000 as a 2007 model. The company plans to sell 33,000 units of the hatchback in 2006.

Many automakers expect industry wide sales in the US to be between 16 and 17 million units. Honda, which is Japan’s third largest automaker, hopes to gain US market share with the redesigned Civic and the Fit. Honda hopes that the company’s auto sales will rise 4% this year. The fuel-efficient Civic helped increase US market share to 8.6 percent last year, some of those sales were taken from Ford as gas prices rocketed to $3 a gallon. The US market is extremely important for Honda as it receives 64% of its operating profit from the US.

• “Honda vehicles win Car, Truck of the Year” — Xinhuanet, January 9, 2006
• Kae Inoue. “Honda Expects to Gain U.S. Market Share in 2006 With Civic, Fit” — Bloomberg, January 8, 2006
• Nick Buntley. “Honda introduces its new small car, the Fit” — The Detriot News, January 8, 2006

Tuesday, February 13, 2007

In Vancouver, a 20-year urban success story may yet have a sad ending. The city’s downtown population has doubled to 80,000 in the last 20 years thanks to Vancouver’s “Living First” policy – a planning strategy that favors residential development over commercial. And planners are expecting the population to reach more than 120,000 by 2030. But while downtown booms with people, business is busting. The International Herald Tribune reports that the city’s recently-released jobs and land-use study is estimating that downtown Vancouver may run out of commercial and office space within 5 years.

The ‘Vancouver problem’ is one that many cities in the United States could only hope to have. On the contrary, much effort has been put into bringing residential life back into the city centres. In Los Angeles, San Diego, Miami, and Washington, D.C. there has been a condominium boom in recent years, but these cities are far from the situation Vancouver faces now.

To counter the trend in Vancouver, planners are proposing changes to the city’s zoning regulations, including the passage of more lenient building height restrictions. But because residential developments are so much more profitable than commercial and office space, some public officials are proposing offering better incentives to the developers willing to build commercial. Another option is to expand the moratorium that was placed on new housing development in the central business district two years ago.

Translink is currently involved in a major expansion of the 49.5 km (30.8 mi) Skytrain system centred on downtown Vancouver. Construction of the Canada and Evergreen lines is underway. The former will be complete in 2009, and the latter in 2011.

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