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Thursday, March 31, 2016

Businessman Rocky De La Fuente took some time to speak with Wikinews about his campaign for the U.S. Democratic Party’s 2016 presidential nomination.

The 61-year-old De La Fuente resides in San Diego, California, grew up in Tijuana, and owns multiple businesses and properties throughout the world. Since getting his start in the automobile industry, De La Fuente has branched out into the banking and real estate markets. Despite not having held or sought political office previously, he has been involved in politics, serving as the first-ever Hispanic superdelegate to the 1992 Democratic National Convention.

De La Fuente entered the 2016 presidential race last October largely due to his dissatisfaction with Republican front-runner Donald Trump. He argues he is a more accomplished businessman than Trump, and attacks Trump as “a clown,” “a joke,” “dangerous,” and “in the same category as Hitler.” Nevertheless, De La Fuente’s business background begets comparisons with Trump. The Alaskan Midnight Sun blog described him as the Democrats’ “own Donald Trump.”

While receiving only minimal media coverage, he has campaigned actively, and according to the latest Federal Election Commission filing, loaned almost US$ 4 million of his own money to the campaign. He has qualified for 48 primary and caucus ballots, but has not yet obtained any delegates to the 2016 Democratic National Convention. Thus far, according to the count at The Green Papers, De La Fuente has received 35,406 votes, or 0.23% of the total votes cast. He leads among the many lesser-known candidates but trails both Senator Bernie Sanders who has received nearly 6.5 million votes and front-runner Hillary Clinton who has just shy of 9 million votes.

With Wikinews reporter William S. Saturn?, De La Fuente discusses his personal background, his positions on political issues, his current campaign for president, and his political future.

Friday, April 3, 2009

General Motors (GM) and Chrysler will receive bridge loans from the government of Canada and the provincial government of Ontario, however no more will be forthcoming from either Canadian or US governments unless the companies can reinvent themselves.

“This is a regrettable but necessary step to protect the Canadian economy. We are doing this on the assumption that we obviously cannot afford either in the United States or Canada a catastrophic short-term collapse.” said Stephen Harper, Prime Minister of Canada.

“We cannot, we must not, and we will not let our auto industry simply vanish. This industry is, like no other, an emblem of the American spirit; a once and future symbol of America’s success,” said Barack Obama, President of the United States. “These companies – and this industry – must ultimately stand on their own, not as wards of the state.”File:Sinsheim quer.jpg

Chrysler will receive CA$1 billion and may in fact be eligible for as much as CA$4 billion. If Chrysler succeeds in the next 30 days with a restructuring plan it would be eligible for a US$6 billion loan. A part of Chrysler’s restructuring plan must include a partnership with Fiat within 30 days to appease the US administration. Fiat is a supplier of smaller fuel-efficient vehicles, and the merger will help Chrysler to be viable in the North American market. A Chrysler court bankruptcy would inevitably lead to it being sold off.

As a part of Chrysler’s restructuring plans, Tom LaSorda, the president of Chrysler announced that Canadian operations would fold if it does not receive both the US commitment of $2.3 billion of aid and a new Canadian Auto Workers CAW contract to reduce all-in costs by CA$19 per hour. As a result of this announcement Chrysler’s auto sales volume in Canada dropped 23% compared to March of 2008.

GM has until the end of May to restructure its company to receive up to CA$7.5 billion. As part of the companies restructuring, General Motor’s chief executive Rick Wagoner was replaced Sunday with Fritz Henderson, the current chief operating officer. Henderson spoke out on Tuesday that GM has submitted a restructuring plan which would close five plants, and this may be increased to meet the requirements for financial aid. He is in full compliance with Obama’s auto task force to seek bankruptcy if GM cannot negotiate with their unions, bondholders and others.

GM recently brought forward the “GM Total Confidence” program providing consumer purchase protection for customers who lose their job for economic reasons within the first two years from purchase. As a result of Chrysler’s restructuring announcement in Canada, GM’s Canadian vehicle sales volume fell only 17.3% compared to 2008, an increase from the previous month.

GM must reduce some of its legacy costs which include its pensions and union health care costs. A part of GM’s ailments arose from investing in supplying truck and SUVs during an economy of high gas prices when consumers were demanding fuel efficient vehicles.

Tony Clement, Canada’s Minister of Industry, is hoping that the CAW will support the restructuring process and re-negotiate their agreement. Whereas a United Auto Workers negotiator has said, “I don’t see how the UAW will do anything until they see what the bondholders will give up.”

The Obama administration is looking toward bankruptcy proceedings for the automakers, “as a mechanism to help them restructure quickly and emerge stronger. [It will] quickly clear away old debts that are weighing them down. What we are asking is difficult. It will require hard choices by companies. It will require unions and workers who have already made painful concessions to make even more. It will require creditors to recognise that they cannot hold out for the prospect of endless government bailouts.” said Obama.

The auto parts suppliers and IT software exporters in India have already been affected by the declining auto sales. GM and Chrysler software contracts provide US$300 to 350 million a year to vendors in India. As well these two major automakers usually award US$1 billion contracts to auto parts suppliers. “We are worried and closely watching the developments in the US to gauge the impact. The decline in auto sales in the US has already hit the order books of Indian suppliers,” said a Delhi auto parts supplier.

“Going forward, the industry will undoubtedly be smaller, but if our efforts are successful it will be viable and it will support good jobs for Canadians,” said Clements.

Betty Sutton, Ohio’s Congresswoman put forward the CARS act which provides a US$3,000 to 5,000 incentive for those who trade in their vehicle for a fuel-efficient car. “It clearly stimulates the economy, and it gets the consumer into the showroom and gets them buying again. But importantly — and this is what I particularly like about it — it really helps the environment quite a bit in two respects.” said William Clay Ford Jr., executive chairman of Ford Motor Co.

Ford Motor Company has not come forward with requests for assistance.

Since December GM and Chrysler have received US$17.4 billion government loans.

Saturday, November 17, 2007

Jokela High School in Tuusula, Finland, scene of the Jokela school shooting, has recommenced classes. Earlier this month, student Pekka-Eric Auvinen, 18, fatally wounded eight people with his handgun before turning the weapon on himself in the country’s worst ever school shooting. He died later in hospital, having never regained consciousness.

All last week repair teams have been working to eradicate all traces of the event, with large numbers of bullet holes in walls and doors being filled in, broken windows and torn blinds being replaced, and total renovation of one corridor which Auvinen had attempted to set fire to.

Students had previously been permitted into the school last week, in order to collect belongings left behind as they rushed to evacuate the school. On Monday, the school’s 450 pupils began to attend temporary facilities set up at nearby Tuusula Primary School as well as the local church.

Tuusula spokeswoman Heidi Hagman told reporters yesterday that at first school days would be considerably shortened, adding “Today the students will spend time getting used to the renovated and repaired school area.

“Students and teachers are getting support from Red Cross crisis workers and psychologists during the first days of school.”

Esa Ukkola, head of education in Tuusula, spoke to reporters about the fact that students had been shown around the renovated school. “We need to show there is nobody lurking in the cupboards any more. We’re trying to have as normal a school day as possible. There are dozens of extra people to ensure we can do everything in small enough groups.”

The shooting has prompted public anger in Finland at the media attention directed to it, with a feeling that it undermines the placid reputation of the country. People have questioned the decision of a survey last month to designate Finland as the world’s “most livable country”. Psycho-social service manager Anna Cantell-Forsbom from nearby Vantaa has spoken out about her view that the shooting was mainly caused by a lack of psychiatric care available to the Finnish youth and therefore did not reflect on Finnish society. The shooting has also prompted a move by the Finnish government to raise the legal age for gun ownership from 15 years to 18 years.

Finland is expected to set up a commission of inquiry this week to investigate the murders. The government will set aside resources for the ministry of social affairs, health and education as well as the local municipality for the investigation. Meanwhile, local authorities have shown a four-year response plan to the government, asking for five million Euro to fund it. Half will go towards therapy and occupational guidance for affected residents, while the other half would go to school guidance counsellors, psychologists, school healthcare personnel and other experts. The ultimate goal of the plan is the complete recovery of those adversely affected by the shooting.

Tuesday, January 29, 2008

The Internet-based group “Anonymous” released a new video on YouTube Monday, announcing international protests outside Church of Scientology centers set for February 10. The video “Call to Action” uses the same computer synthesized voice as a previous video titled “Message to Scientology”, which was posted to YouTube last Monday. The “Message to Scientology” video has been viewed over 1,400,000 times, and the “Call to Action” video has already been viewed over 237,000 times.

Anonymous is taking action against the Church of Scientology in response to what it sees as suppression of freedom of speech on the Internet. The group was first motivated after the Church of Scientology issued a copyright infringement claim to YouTube regarding a promotional video of Scientologist Tom Cruise speaking about his beliefs and using Scientology jargon. The Church of Scientology also issued a legal complaint to the website Gawker.com which is also hosting the video, but Gawker has stated it will not take the video down because it is newsworthy.

Anonymous set up a movement called “Project Chanology” to coordinate their efforts, and took down several Church of Scientology websites through denial-of-service attacks. Members of Anonymous have also participated in prank calls to Church of Scientology centers, as well as protests or “raids” outside Scientology buildings, and have posted some of their exploits to YouTube.

In the “Call to Action” video, Anonymous denies that they are composed solely of “super hackers”, stating “Anonymous is a collective of individuals united by an awareness that someone must do the right thing, that someone must bring light to the darkness, that someone must open the eyes of a public that has slumbered for far too long.” The video goes on to state “We want you to be aware of the very real dangers of Scientology,” citing what they term “gross human rights violations”.

Specific controversial events in Scientology history are cited in the video, including Operation Freakout and Paulette Cooper, and Operation Snow White. Operation Freakout was the name of a Church of Scientology operation whose goal was to “get P.C. [Paulette Cooper] incarcerated in a mental institution or jail or at least to hit her so hard that she drops her attacks.” Paulette Cooper had written a book critical of Scientology called The Scandal of Scientology. Operation Snow White was the name of a Church of Scientology operation where members of the Church’s secretive Guardian’s Office infiltrated United States government agencies in Washington, D.C. including the I.R.S. The F.B.I.’s investigation into Operation Snow White led them to discover the planning of actions taken against Paulette Cooper.

The video concludes by inviting the viewer to “take up the banner of free speech” and protest with Anonymous world wide. In an email to CNET News, Anonymous stated that cities where unknown activities are planned on February 10 include New York City, Montreal, Houston, London, Melbourne, and Los Angeles.

On Friday, two spokespersons for the Church of Scientology commented on the recent actions of Anonymous. A spokesman told News.com.au “These types of people have got some wrong information about us,” and Church spokeswoman Yvette Shank told Sun Media that she regarded members of Anonymous as a “pathetic” group of “computer geeks”. On Monday, Radar reported that the Church of Scientology has asked the U.S. Attorney General‘s office in Los Angeles, the F.B.I., and the LAPD to start a criminal investigation of possible criminal activity related to the Internet attacks. A source told Radar that the Church of Scientology is arguing that the Internet attacks are a form of “illegal interference with business.” Radar also reports that the Church of Scientology is emphasizing its status as a religious organization in the United States, in order to assert that the Internet attacks can be classed as hate crimes.

On Saturday, Mark Bunker of the website XenuTV.com posted a video to YouTube criticizing the illegal actions of Anonymous and suggested legal methods for them to retaliate against the Church of Scientology, including peaceful protesting, writing letters to their government representatives, and persuading the United States government to take away the Church of Scientology’s tax exempt status. In the video, Bunker states “I’m mainly concerned because you shouldn’t be doing things that are illegal, you just shouldn’t. It’s not morally right, and it’s not right when Scientology does it, it’s not right when we do it.” Bunker’s video post has been viewed over 156,000 times. On Sunday, Bunker posted a follow-up video to YouTube where he gives advice to Anonymous on how to peacefully picket. He also provides viewers with resources and weblinks to more information on how to hold a peaceful protest. He concludes this video by imitating Obi-Wan Kenobi‘s Jedi mind trick technique and voice from Star Wars, stating “And if I may, as Obi-Wan, tell you: You will do nothing illegal “.

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

Friday, September 9, 2022

On Tuesday, September 6, Cedar Point amusement park in Ohio, United States announced that Top Thrill Dragster, the second tallest-roller coaster in the world, has permanently closed. The ride was the first full-circuit strata coaster, a roller coaster exceeding a 400 feet (122 m) height limit, in the world.

Director of communications at Cedar Point, Tony Clark, released a statement that “after 19 seasons in operation … the world’s first strata coaster, Top Thrill Dragster … is being retired.”

The news comes after an accident on August 15, 2021, when an L-shaped bracket fell on the head of a guest in the queue line, causing a serious brain injury and leading to the closure of the attraction for the rest of the 2021 and 2022 seasons. The bracket was later identified as a sensor used to detect where the cars were on the track.

The park was cleared by Ohio officials in February 2022 of any wrong-doing or of having reason to believe that the ride was unsafe before operation. Prior to the August 2021 accident, two guest-related accidents occurred on the attraction.

Although the ride has been retired in its current form, park officials have stated that they are working on “creating a new and reimagined ride experience.” It was not confirmed if it was the accident that led to the permanent closure of the attraction.

Monday, January 21, 2008

Stock prices dropped sharply in Europe and Asia Monday, with fears of economic problems in the United States causing some of the biggest single-day losses in recent years.

In Hong Kong, the Hang Seng index fell 5.5 percent – its biggest fall since the September 11, 2001, terrorist attacks. Losses of between three and seven percent were recorded in India, China, Britain, France, Germany and Canada.

While there are many factors linking national economies, analysts blame recent losses on fears of a recession in the United States.

The United States is the main export market for many overseas businesses. Foreign investors also have bought large stakes in U.S. companies.

When American home loan companies began reporting large numbers of defaulting loans in late 2007, the losses spread to other financial institutions, tightening credit markets and sparking worries about Americans’ high levels of debt.

Last week, President Bush proposed a $145 billion stimulus plan to encourage more consumer spending. But analysts say the measure may not be able to prevent a recession – defined as a broad decline in a nation’s economy over a period of at least six months.

U.S. markets are closed on Monday for Martin Luther King Jr. Day, a national holiday, but stock futures trading indicates further losses are expected when markets reopen Tuesday.