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Wednesday, December 22, 2004

BAGHDAD —According to Defend America, US Department of Defense News website, USsoldiers members of the 256th Brigade Combat Team, the 199th Forward Support Battalion (FSB), with several units from Camp Liberty (18th Military Police Brigade, 16th MP Brigade, 617th MP Brigade, 307th Psychological Operations Battalion, and the Iraqi Highway Patrol) provided medical assistance to Iraq children at an elementary school in Bagdah.

US Major Alan Kabakoff, with the 16th MP Brigade, says humanitarianmissions are very important in winning the war on terror, although you can’t seethe importance sometimes: “It’s like fire prevention, everyone knowsthat it works, it’s just hard to prove, unless something bad happens. Thesepeople want the same things that we do, they want safe schools,safe homes, and safe areas to raise their kids.”

Staff Sgt. Jason Escoyne, Co. C, 199th FSB, who examined the children saidthat there was nothing seriously wrong with them.

This effort is part of the US reconstruction of Iraq. Till now according to USAID, U.S. Agency for International Development, in Iraq 2,405 schools were rehabilitated including the supply of chairs, cabinets, desks, chalkboards and kits for secondary and primary schools, about 8.7 million science and math textbooks have been distributed, 33,000 secondary school teachers have been trainned, high protein biscuits have been distributed to more than 450,000 children and 200,000 nursing and pregnant women, trainning have been provided to 700 physicians and 2,500 primary health care providers, over 3 million children under five have been vaccinated and more than 1.3 million children under five suspected of malnutrition have been examined.

Wednesday, December 10, 2008

Ghana’s electoral commission announced on Wednesday that a run-off election must be held for the Ghanaian presidency. The commission said that the New Patriotic Party (NPP) candidate Nana Addo Dankwa Akufo-Addo won 49.13% of the vote, slightly more than the other main candidate, John Atta Mills of the National Democratic Congress (NDC), who obtained 47.92%. However, neither candidate reached the 50% mark needed to declare an outright winner.

Six other candidates were also present on the ballot, stealing enough votes to prevent either candidate from winning half of the vote. The third-party candidate receiving the most votes was businessman Paa Kwesi Nduom representing the Convention People’s Party (CPP), who took 1.3% of the vote.

Out of some 8.6 million votes cast, more than 200,000, or 2.4% of the full total, were rejected, which also may have helped prevent either candidate from reaching 50%. Overall voter turnout in the election was 69.52%.

The presidential candidates are vying to replace the incumbent president John Kufuor, who will be stepping down in January of next year after serving a maximum of two terms.

The electoral commission did not announce results of the simultaneous parliamentary elections, but preliminary results suggest that the NDC obtained no less than 115 seats, out of a total of 230 in the parliament. It is probable that the NPP will lose the large parliamentary majority it had enjoyed.

The run-off election is scheduled for the 28th of December.

Thursday, November 25, 2021

The Reserve Bank of New Zealand (RBNZ) raised interest rates by 25 basis points to 0.75% during its last policy meeting of the year yesterday, after the rate of consumer price inflation was recorded at 4.9% in the third quarter, the highest since December 2007.

The hike to the national official cash rate (OCR) was widely expected by economists and the markets alike: 21 of the 23 economists surveyed in a November 15-19 Reuters poll predicted an increase of 25 basis points, while the other two projected an increase by 50 basis points, to 1%.

New Zealand’s handling of COVID-19 included injecting “huge amounts of fiscal and monetary stimulus” into the economy, according to The Guardian, in line with other major economies, which has pushed the unemployment rate to the lowest and inflation to its highest in over a decade. Stimulus spending and low interest rates, along with a shortage in housing led home prices to double in the last seven years, the least affordable of the OECD nations, according to Reuters.

A statement from the Reserve Bank said the “near-term rise in inflation [accentuated] by higher oil prices, rising transport costs and the impact of supply shortfalls” are risking “generating more generalised price rises”, as reported by ABC News. The RBNZ forecasts rates would rise to 2.5% by 2023, and still higher by 2024, according to Reuters; however, medians from a Friday article predicted the OCR would reach only 2% by year-end 2023, below what it was in 2014.

More recent projections include to 2% by mid-2022 according to economist at Capital Economics Ben Udy, to a high of 3% by Q3 2023 according to acting chief economist at Westpac Michael Gordon, including a 0.5% rate hike during the RBNZ’s next meeting in February, as reported by The Guardian.

Yesterday’s announcement came after a widely-expected rate hike from 0.25% to 0.5% on October 6, the first in seven years, as part of the RBNZ’s tightening cycle initially slated to begin August but pushed back due to the Delta variant of COVID-19 and lockdown in the capital city Auckland. Senior market strategist at the Bank of New Zealand Jason Wong told Reuters then: “We’re on a path towards a series of rate hikes and the market is well priced for that.”

RBNZ Governor Adrian Orr told reporters yesterday “we see steady steps of 25 basis points back to levels where the OCR is marginally above the neutral rate as the most balanced approach we can take”, though Reuters reports the bank had considered a range of options, including a 50 basis point hike.

Orr added on housing, “Homeowners who have just entered the market with extremely high leverage levels have to be incredibly wary and have to understand they have to weather the higher interest rates”, after earlier taxes levied on property investors failed to cool rising house prices, which Reuters reports the RBNZ believes are above their sustainable level, and at increased chance for a correction. He also defended the stimulus but noted the growth in household debt ensuing.

While countries globally are winding down pandemic-related stimulus measures, according to Reuters, there has been pushback from some countries when it comes to raising interest rates: in the United States, the inflation rate recently rose to 6.2%, the highest in 31 years, which has led some economists to put pressure on Federal Reserve chair Jerome Powell to accelerate the process of tapering its monthly bond purchases, according to the Associated Press. The Bank of England and European Central Bank (ECB) also both withstood criticism for a forecasted rise in inflationary pressures, according to The Guardian and Reuters.

ECB President Christine Lagarde told the European Parliament on November 15 “an undue tightening of financing conditions is not desirable, and would represent an unwarranted headwind for the recovery”, adding “[i]f we were to take any tightening measures now, it could cause far more harm than it would do any good”, as reported by Reuters.

Australia’s Reserve Bank of Australia (RBA) maintained its position that interest rates are not likely to rise until 2024. RBA Governor Philip Lowe told an Australian Businesses Economists lunch last week “the latest data and forecasts do not warrant an increase in the cash rate in 2022”, and for one to be considered by the board “[t]he economy and inflation would have to turn out very differently from our central scenario”, according to ABC News.

However, several central banks have increased rates ahead of even New Zealand: Reuters names Norway, the Czech Republic and South Korea, which is expected to raise rates again in a meeting today.

Reuters reports the New Zealand dollar fell 0.6% due to some investors predicting a higher hike, and both 2- and 10-year government bonds slipped by 10 basis points each.

Wednesday, June 20, 2007

A man who was trying to protect the driver of a vehicle that had hit a child pedestrian was killed by an angry crowd the evening of Wednesday, June 20, in Austin, Texas.

The man was identified today by Austin police as David Rivas Morales, age 40. The driver had just dropped Morales off at his sister’s townhouse moments before. Then while still in the parking lot, he allegedly bumped the toddler with the vehicle. The child was not injured and was not taken to the hospital. A group of 3 or 4 men confronted the driver and Morales came back to assist him. The assailants then turned on Morales. Police indicated the driver, who had escaped the scene of the crime, was cooperating with the investigation. Morales died at the hospital from injuries that included a cracked skull and brain hemorrhaging.

The neighborhood was crowded at the time with some 2,000 to 3,000 people who were participating in the annual Juneteenth celebration, which commemorates the day the emancipation of slaves was announced in Texas. It was not immediately known whether any of the attackers had been part of the celebration.

In a news conference on Wednesday, members of League of United Latin American Citizens called on the community not to assume the killing was racially motivated solely because Juneteenth celebrants are predominately African-American and the victim was Latino. Police officers stated that early reports were incorrect in implying thousands of potential witnesses, as investigations suggested only 10 to 15 people had been in the parking lot when the incident occurred and most of these were residents of apartments nearby.

Monday, October 11, 2010

Wikinews interviewed author Amy Scobee about her book Scientology – Abuse at the Top, and asked her about her experiences working as an executive within the organization. Scobee joined the organization at age 14, and worked at Scientology’s international management headquarters for several years before leaving in 2005. She served as a Scientology executive in multiple high-ranking positions, working out of the international headquarters of Scientology known as “Gold Base”, located in Gilman Hot Springs near Hemet, California.

Wednesday, August 22, 2007

Hurricane Dean hit the coast of Mexico’s mainland today as a Category 2 hurricane, with winds sustained at 100 mph.

Dean moved across the Bay of Campeche, eyeing over 100 oil platforms and several oil ports in the center of the country’s oil industry. Over 14,000 workers in the area had to be evacuated.

The eye of the storm hit Tecolutla, a major tourist town. Over 10,000 people were evacuated.

Currently, there are no reports of deaths or serious injuries following the landfall in Mexico. However, the storm caused major damage to some areas with very heavy rains shutting down many roadways and flooding many homes.

Overall Dean is being blamed for at least 20 deaths in the Caribbean.

The storm has since been downgraded to Category 1 status.

Wednesday, July 16, 2008

The James Bond film series is one of the most popular and successful, having grossed over US$4 billion worldwide. The suave, sophisticated secret agent has secured his place in popular culture as the definitive action hero that has appeared in twenty-three films between 1954 and 2006.

Daniel Craig was announced as the seventh actor to portray 007 in late 2005, making his debut in the 2006 smash hit Casino Royale. While fans await Craig’s second outing in Quantum of Solace, due later this year, they have been able to watch Shamelady, a fan film made by the French film production company Constellation Studios.

Shamelady is a tribute to Ian Fleming, the author of the James Bond novels on which many of the films are based, and EON Productions, the makers of the official 007 films. The film was first released in 2007 and runs just under an hour long. It can be downloaded from Constellation’s website or viewed on YouTube.

Legally, the filmmakers cannot profit from Shamelady, but they didn’t make it for the money, rather the thrill of creating an original Bond film. The plot is fairly simple, and reminiscent of Casino Royale. Bond is sent to a casino to nab a vicious crime lord, but gets betrayed by a fellow agent in the process. Viewer reaction to the film was positive for the most part, and Constellation Studios has now planned a sequel to Shamelady, which director Eric Saussine speaks of in the interview below.