Ralph Nader calls out Democrats for financial bailout

 Correction — Aug 2, 2010 Nader referred to the 1999 repeal of the 1933 Glass-Steagal Act. The Wikinews article omitted the word “repeal” from the account of Nader’s speech. 

Sunday, October 5, 2008

Independent U.S. presidential candidate Ralph Nader had harsh words for the Democrats who engineered yesterday’s passage of the Emergency Economic Stabilization Act of 2008, a bailout of the U.S. financial system. At a campaign stop in Waterbury, Connecticut on Saturday, Nader said that Democrats passed up a chance to enact re-regulation of the financial system and instead gave Wall Street everything it wanted.

According to Nader, Senator Chris Dodd (D-CT), Representative Barney Frank (D-MA), and other Democrats considered but rejected measures such as a tax on transactions of derivatives (a “speculation tax”) because of their financial ties to Wall Street and its lobbyists. He said that Representative Chris Murphy (D-CT), who represents Waterbury, had “become a toady” of Nancy Pelosi. He drew enthusiastic applause by calling Murphy “a dynamic fraud”, and referred to Senator Joe Lieberman as “the Hermaphrodite of American Politics”. For Murphy and Representative Chris Shays (R-CT), Nader said, supporting the bailout despite the opposition of constituents was a “profile in betrayal”. Because there were no public hearings where taxpayers and experts could weigh in on the bailout, Nader characterized it as a return to “taxation without representation“—under “King George IV” 225 years after the 13 colonies were taxed under King George III.

Asked about causes of the financial crisis, Nader pointed to the deregulation of the financial sector with the 1999 Glass-Steagall Act and further deregulation in 2000, as well as the rise of overly complex financial derivatives. He outlined a four-part reform plan:

  1. Re-regulation of financial markets
  2. Increasing shareholder control of corporations
  3. Taxpayer equity as part of any bailout, as in the 1979 bailout of Chrysler Corporation
  4. Making speculators pay by enacting a 0.1% tax on derivatives transactions (which Nader said will amount to over $500 trillion this year)

Regarding the equity warrants included in the passed bailout, Nader relayed word from an unnamed source that Treasury Secretary Henry Paulson had told Wall Street executives “don’t worry, it’s not enforceable”.

Nader told reporters that he had abandoned the Green Party because “Greens are not disciplined, and they’re not mature”, and also lack the fund-raising capabilities to break into mainstream political discussions. “They bicker and bicker,” he said, pushing out their best people. However, he endorsed several local Green Party candidates, including Chris Murphy’s opponent Harold Burbank.

The virtual media blackout for third party campaigns by national newspapers and networks has been a source of continual frustration for the Nader campaign, as well as the campaigns of Libertarian Bob Barr and Green Cynthia McKinney and the post-campaign activities of Republican Ron Paul. According to Nader, reporters tell him that editors of national media are “very bigoted against third party and independent candidacies”. Even journalists for taxpayer-supported media, such as National Public Radio‘s Terry Gross and the Public Broadcasting Service‘s Jim Lehrer, have shut him out during this campaign. Debates, he lamented, are controlled by corporate interests through the Commission on Presidential Debates.

Nader spoke to a supportive crowd of about 60 people and his campaign raised over $2000 at the event, their third visit to Waterbury. The event took place in the former building of a closed-down bank.

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Polish mine explosion kills 8

Wednesday, November 22, 2006

Methane gas was blamed for the explosion deaths of 8 miners in southern Polish‘s Halemba coal mine Tuesday, November 21. Officials say at least 15 are missing.

Rescue efforts were halted because dangerously high levels of methane gas returned, according to Zbigniew Madej, spokesman for state-owned Coal Co., which operates the mine.

The missing miners’ locater devices were not emitting signals, increasing rescurers’ concerns for their well-being. Grzegorz Pawlaszek, head of Coal Co., said the 15 missing miners’ fate is “not known,” but added that “there is a chance to find someone still alive.”

“This is a tragedy. People have died here,” Polish Prime Minister Jaroslaw Kaczynski said when he came to Ruda Slaska to see the blast.

Earlier Wednesday, a reconnaissance rescue team descended 3000 feet toward the blast scene, only to retreat because of safety concerns related to high methane gas levels. Rescue digging efforts were also halted because of explosion concerns.

The missing men were aged 21-59. One of the miner’s family members, Andrzej Pytlik, 30, remained on scene with his sister, hoping and waiting for news of her husband, Krystian Gaszka.

Pytlik, also a miner, said through teary eyes that, “I work in the mines and I know that hope is scant because that’s the truth.”

The explosion occurred in a closed portion of the mine where the now-missing miners were working to retrieve abandoned equipment. According to Pawlaszek, the value of the equipment was $23 million, adding that “It was new equipment and that is why we decided to retrieve it.”

He indicated that the recovery work was performed under the supervision of gas detection specialists, and that the bodies of the recovered miners were difficult to identify because of the severity of burns and because their ID tags were blown away in the explosion.

The Halemba mine, located in Ruda Slaska, has produced coal for nearly 50 years, has been fraught with safety concerns and has a track record of serious accidents. One of the oldest mines in Poland, it is centrally located in the industrial Silesia region.

Earlier this year, a miner was trapped underground in the Halemba mine five days after a cave-in. In 1990, 19 miners were killed and 20 hurt in a gas explosion, and five were killed in collapse in 1991.

Inside, priests and mining officials were comforting and counseling with distraught relatives. Outside, eight white candles flickered on a main gate wall.

Retrieved from “https://en.wikinews.org/w/index.php?title=Polish_mine_explosion_kills_8&oldid=4480471”

Culture of creativity features at Furnal Equinox 2018

Sunday, March 25, 2018

Visual art, fabric art, photography, performance, dance, virtual reality, and music were all the subject of sessions at Furnal Equinox 2018, a conference held from March 16 to 18 at Toronto’s Westin Harbour Castle. Canada’s largest furry convention by attendance, the annual event offers dozens of subculture-specific programs.

The convention’s communications and public relations coordinator for the event, Ronnie, describes furries as “people that enjoy arts and culture centred around animals and animal-themed topics, essentially. Furnal Equinox in particular, we like to celebrate in a very visual and very […] artistic nature, where we have lots of arts and performances and crafts that go on, and people celebrate with lots of socialisation involved.”

Of the attendees, Ronnie told Wikinews “they come from all walks of life. They are people of all ages, sizes, all sorts of backgrounds, and they come together under one mutual interest, which is their love for animal culture.”

“Programming at Furnal Equinox involves[…] a lot of informational panels, so you can find out about topics from art and how to draw, or how to visually incorporate different elements into your artworks. You can also find panels that teach you how to write better, be a better fiction author for example,” explained the event representative.

At one panel Wikinews attended, members of its all-volunteer organising committee spoke of the year-long process of planning the event, and their reasons for committing such a significant amount of their time. Said one panelist, “if you’re happy, we’re happy.”

The largest hub of activity at the convention was a dealer’s room; nicknamed the “Dealer’s Den”, giving it an anthropomorphic twist. Vendors were selling original visual art, wearables like faux fur tails or ears, or things like jewellery or soap with motifs that would interest attendees.

The back area of the room was dedicated to a charity auction, with proceeds benefiting Happily Ever Esther Farm Sanctuary. According to the convention website, the charity is “dedicated to rescuing abused, neglected, and abandoned farmed animals. Their goal is to provide a safe, life-long home for all of their residents, and to educate the public about the true nature of farmed animals through tours, volunteer programs, and community outreach.”

Split into groups, some attendees played “Fursuit Games” in front of an audience, like trying to toss a ball into a garbage can. The activity made harder, of course, by the limited dexterity and vision the most of the costumes entail.

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Categories
Property Investment

Money Buildup Out Of Estate Investment

Money buildup out of estate investment

by

Christoper Cominsky

It truly is a beneficial habit to always to put aside cash in the bank to build up saving and for disaster use. Then again what will come about to your hard earned wealth after many years. The amount of cash to procure a service or good will cost further more. In effect your wealth has become lesser then your hard earned wealth can be wiped out much earlier. The interest you\’ll gain out of your saving ordinarily might be insufficient to catch up with the inflation rate. Saving more, the more you lost. By the time you retire, you\’ll be blessed if the bank account be able to last you until the time you breathe your last breath. For nearly everyone of us, we haven\’t any choice, we ought to make investments to our capital wisely to gather saving and overcome the rate of inflation. If you happen to be lucky to gather adequate saving, you may well wish to invest in estate.

Choosing the best property will be instrumental to ensure that our wealth shall be put in good use and growing instead of thinning. All kind of investment vehicle includes risk and property investment is no exemption. Choose a property in an area which has excellent rental occupation and good rental return. Choosing of such property might be a place which has lots of workplaces, high-quality educational institutions along with services inside the vicinity.

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A method to invest in property is to purchase a property with aim to sell it off within the near future to produce a pleasant profit. This method is helpful when price of property is moving up. Discover a property which is underpriced, after several month or years, the value of your property should have risen and it may be sold for gain. Nevertheless it is risky to speculate in property in such a manner. Ensure you own enough cash flow to tide over the bad time if you made a wrong decision. You could be required to hold the property and rent it out as an alternative.

Investing for a home for letting purpose is another type of property investment. This manner of investment decision can produce passive income and will be our goal. Lots of investors fancy this kind of investment. They like to keep properties for rental and hold them. The concern of such type of investment is that wealth accumulation is slower than acquiring and resell property. But this kind of investment is not as dangerous because the person doesn\’t have to fret if the value of the home drops after the purchase.

If the property is selected properly in a place with good rental demand, it will be good enough. The region must have good transport accessibility, nearby offices and amenities. Do confirm the rental transaction for comparable property in the area. If possible the property should give positive cash flow. If the home doesn\’t give positive cash-flow, you\’ll need sufficient cash flow from other sources to pay the mortgage. You may also take a look at other area to acquire a cheaper property or one that can generate better rental rate.

Be prepared to be hands on to keep the property that you rent out. Every one or two years, you have to look for tenant. If the property needs repair, you will be required to get service provider to perform the repair. If you are unavailable, it will be highly recommended to leave it with a trustworthy estate agent to look after the property while you are able to do what you are most excellent at – making more cash to acquire more property.

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Article Source:

ArticleRich.com

‘Each makes the other more difficult to recover from’: University of Sussex professor L. Alan Winters speaks to Wikinews on trade, COVID-19, Brexit

Wednesday, June 30, 2021

Earlier this month, Wikinews spoke with University of Sussex professor of economics L. Alan Winters regarding the decision of the United Kingdom to leave the European Union (EU) in the 2016 Brexit referendum and the subsequent negotiations leading up to and following the EU–UK Trade and Cooperation Agreement of December, which he has researched extensively. In a call, a Wikinews correspondent spoke with Professor Winters about recent developments in UK trade policy to learn more about his observations.

Winters is professor of economics at the University of Sussex, as well as founding director and fellow of the UK Trade Policy Observatory (UKTPO). His career spans over 15 years, including as chief economist at the Department for International Development, director of the Development Research Group of the World Bank, CEO of the Migrating Out of Poverty Research Programme Consortium and advisor for the Organisation for Economic Co-operation and Development, the Commonwealth Secretariat, the European Commission, the European Parliament, the United Nations Conference on Trade and Development, the World Trade Organization and the Inter-American Development Bank.

Three reports where Winters is listed as an author were used as reference during the interview: “COVID-19 will reinforce the Brexit shock”, “The Costs of Brexit” and “Taking stock of the new UK-EU Trade and Cooperation Agreement: governance, state subsidies and the level playing field”.

Winters was awarded the title “Companion of the Most Honourable Order of the Bath”, styled C.B., on June 16, 2012 as part of the 2012 Birthday Honours.

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Australian Paralympians cycling around Fiji for people with disabilities

Wednesday, June 12, 2013

Two Australian Paralympic wheelchair basketball players, Shelley Chaplin and Leanne Del Toso, are cycling around Fiji to raise money for people in Fiji with disabilities. They hope to cover the route, which is roughly 500 kilometers (300 miles) long, in just ten days. They started on June 7, 2013 and plan to finish by June 16.

Along the way, they intend to do outreach, and mentor people with disabilities. They hope to raise A$13,000. So far, they have raised over A$12,400. They are using crowdfunding to finance their sporting event.

Del Toso suffered muscle deterioration in her legs and hands due to a degenerative neurological condition when she was 19, and rides her bike with the aid of orthotics. Chaplin was born a paraplegic, and is using a handcycle.

They won silver medals at the 2012 Summer Paralympics in London with the Australia women’s national wheelchair basketball team, commonly known as the Gliders.

Both also played for Victoria in Round One of the Australia Women’s Wheelchair Basketball League (WNWBL) competition last weekend. Victoria won all four of its games. They expect to be back in action again in Round Two in Perth on June 21–23.

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Road accidents, suicide, pregnancy and violence among top killers of world’s youth

Saturday, September 12, 2009

A World Health Organisation study published in The Lancet has revealed the main causes of death for people aged 10–24. It has described the majority of these deaths as preventable and suggested solutions to the problems.

97% of the 2.6 million fatalities annually occur in low- and middle-income countries. The age group comprises 1.8 billion people, 30% of the total population. 15% of female deaths were down to “maternal mortality” which included pregnancy complications, unsafe abortions, and mutilation of genitals. Road traffic accidents accounted for 10% of deaths.

6.3% of the deaths were suicides and 6% were down to violence. Tuberculosis and similar lung infections took 10% of the lives and HIV/AIDS killed 5.5%. Most of the deaths were in sub-Saharan Africa and Southeast Asia. Africa and Southeast Asia were also the only places where male deaths were not above those of females, as much of the maternal mortality occurred there. The data came from 2004.

In developed countries, 32% of the deaths were down to road accidents. “There has long been an assumption that young people are healthy, fit and they don’t die,” explained the report’s lead author, Australian children’s health expert George Patton. He goes on to say “I’ve certainly heard politicians and policy-makers make statements of that kind… Some of these problems, related to emotion, are actually very prominent causes not only of death in adolescence, but health problems later in life.”

The study said safer speed limits, more use of helmets and seatbelts, and better enforcement of drunk driving law could greatly curb the road deaths. Maternal deaths and sexually transmitted disease rates could be cut by sexual education, safe abortion clinics, pregnancy support, HIV testing and treatment, and access to contraceptives.

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Violence and suicide could be reduced by education in life skills and an improved role of parents, the study found. It also sought reduction of availability of poisons, firearms, and other dangerous items. In the case of suicide, the study said more work was needed to help young people recover from acts of violence, sexual assault, and child abuse in both the short and long term. Alcohol access reduction was also requested.

The study was conducted by University College London’s Russell Viner, World Health Organization’s Krishna Bose and George Patton of the Royal Children’s Hospital in Melbourne, Australia.

Retrieved from “https://en.wikinews.org/w/index.php?title=Road_accidents,_suicide,_pregnancy_and_violence_among_top_killers_of_world%27s_youth&oldid=4460598”
Categories
Outdoor Kitchens

Harmonizing Kitchen And Living Rooms Siematic Kitchen

Harmonizing kitchen and living rooms Siematic Kitchen

by

Alok yadav

The contemporary world has been lacking the harmony between the kitchen and other part of the house as they considered it separate from the house, this delusion is not new, as in the past also kitchen designers have ignored this notion of kitchen designing, particularly kitchen has been considered a separate room altogether.

But in the recent past we have witnessed change in the concept and have seen designers screening kitchen as an incorporated branch of a larger entire unit rather than its own separate entity, offering a more fundamental approach to integrating as one of the most imperative room in the house.

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One of the main aspects of linking kitchen and living areas is lighting which have moved away from basic fluorescents to the LED lighting that is more pleasing to the eye unlike fluorescents and spotlights which gives over power light.

Siematic kitchens are captivating the interest of modern people as urban houses are very space accustomed consequently the kitchen designers are now using their designing skills in the kitchen to give it an absolutely innovative and soothing appearance. The idea of siematic kitchen is to make the kitchen and the living space blend jointly yet at the same time very delicately separated.

One more supportive instrument in this combat to bring together the kitchen and the living room is color, the colors of the cabinets wall and floor coverings is now significantly vital in giving kitchen a modern look. Even though the plain white kitchen will perhaps not at all go absolutely out of trend, a lot of new colors are now offered that can harmonize your kitchen with the living area to enhance your experience.

Kitchens in UK are certainly not behind of this new innovation in the design of kitchen bringing together kitchen and the living room. In fact large numbers of people in UK are considering siematic kitchens over the old conventional one and it would not be wrong to comment that kitchens in UK are now considered an imperative part of the house and people are more serious in turning their kitchen into a modern kitchen.

Arcade kitchens a best place for Kitchen solutions. Offering a large range of kitchen interiors, designer andbespoke kitchen at a affordable prices in Leeds. We offer a wide selection of styles and brands of Kitchens.

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ArticleRich.com

Australian researchers confirm stress makes you sick

Wednesday, December 7, 2005

Australian researchers say they have scientifically proven that stress causes sickness. The Garvan Institute in Sydney has discovered that a hormone, known as neuropeptide Y (NPY) is released into the body during times of stress. Their findings show the hormone can stop the immune system from functioning properly.

“Neuropeptide Y is one of those hormones that gets unregulated or released from neurones when stressful situations occur…it’s known for example that it regulates blood pressure and heart rates so your heart rate goes up but it hasn’t been known that it actually can affect immune cells as well,” said Professor Herbert Herzog, one of the researchers.

Herzog feels it is good to finally have proof of something people have suspected for so long.

“Now we have proven without doubt that there is a direct link and that stress can weaken the immune system and that makes you more vulnerable when you for example have a cold or flu and even in the more serious situations such as cancer can be enhanced in these situations,” said Herzog.

The Garvan Institute study centres on two key events that enable the human body to recognise foreign substances and control invaders. When our body encounters a pathogen (bacteria and viruses), the immune cells retain and interrogate suspects. Their activation is made possible by NPY. These cells then return to the lymph nodes, which are found all over the body, with information about the foreign invaders. The lymph nodes are where decisions about defence are made.

“Most of us expect to come down with a cold or other illness when we are under pressure, but until now we have mostly had circumstantial evidence for a link between the brain and the immune system,” said lead Garvan researcher, associate Professor Fabienne Mackay. “During periods of stress, nerves release a lot of NPY and it gets into the bloodstream, where it directly impacts on the cells in the immune system that look out for and destroy pathogens (bacteria and viruses) in the body.”

In the case of bacteria and viruses, TH1 cells are part of the attack team that is sent out on the ‘search and destroy’ mission. But when their job is done they need to be turned ‘off’ and the immune system reset. The same hormone, NPY, that activates the sentry cells now prompts the TH1 cells to slow down and die.

“Under normal conditions, circulating immune cells produce small amounts of NPY, which enables the immune cells on sentry duty and the TH1 immune cells to operate – it’s a yin and yang kind of situation. But too much NPY means that the TH1 attack is prevented despite the foreign invaders being identified – and this is what happens during stress,” added McKay.

The impact of stress on the body has been observed in athletes. Ph. D researcher at the University of Queensland, Luke Spence, together with the Australian Institute of Sport, studied elite and recreational athletes over five months.

They found elite athletes were more susceptible to respiratory diseases under stress.

“A lot of elite athletes put themselves through vast amounts of physical stress in their training, but also their emotional, psychological stress of feeling the pressure of Australia on their shoulders, wanting to compete and wanting to do their best,” said Spence.

It’s not just athletes who are prone to stress. Pressures at work and at home may cause emotional and mental stress that can be equally damaging. Almost a third of all work absenteeism in Australia is due to illness, costing employers over $10 billion a year.

“I think it has a huge impact for the work force and also for employers – if their employees are constantly stressed, constantly under pressure, they are more likely to get sick,” Spence said.

Further research could lead to the development of new drugs which may inhibit the action of the neuropeptide Y hormone.

Herzog warns people to minimise stress before it becomes a problem.

“Relaxation methods like yoga will help you to prevent that but there will still be people out there that are not responding to that and treatment by interfering with the system will be important,” he said. “There’s obviously some time until such a treatment will be available but this is something we will definitely work towards.”

The Garvan research will be published in the Journal of Experimental Medicine, Volume 202, No. 11.

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Wikinews Shorts: May 15, 2009

A compilation of brief news reports for Friday, May 15, 2009.


California governor Arnold Schwarzenegger proposed budget cuts and layoffs for California yesterday.

Californian education budgets would be cut by $3 billion USD for the next five years if California voters gave a yes votes to the budget-related measures for May 19’s special election.

Schwarzenegger is also ready to sell state properties including the San Quentin State Prison and the Los Angeles Coliseum to raise money for the state.

Sources

  • Associated Press. “Schwarzenegger Proposes Layoffs, Deep Budget Cuts” — FOXNews.com, 14 May 2009
  • Christie, Jim. “California governor sees $15.4 billion gap, urges deep cuts” — Reuters, 14 May 2009

Nintendo DS sales hit one million units last April. However, even with Nintendo’s moderate success with their DS gaming system, all video game sales have declined 17%.

GameSpot writer Tor Thorsen claims that Nintendo DSi, the current release of the Nintendo DS, is an acronym for “Dominating Sales in America.”

Sources

  • Thorsen, Tor. “NPD: US April sales slide 17%, DS tops 1 million” — GameSpot, 14 May 2009
  • “UPDATE 1-U.S. video game sales down 17 pct in April-NPD” — Reuters, 14 May 2009

Eight-time gold medalist Michael Phelps, in a recent conference Thursday, told reporters he will enter a swimming competition today.

This is Phelps’ first swim meet since he was photographed with a marijuana pipe in his mouth.

Phelps will swim the 200-meter freestyle and 100-meter butterfly races.

After the marijuana pipe photo was released, Phelps was unsure of whether he would swim again.

Sources

  • Crouse, Karen. “Phelps Has Company on Comeback Trail in Charlotte” — The New York Times, 14 May 2009
  • Newberry, Paul. “Phelps ready for 1st race since Beijing” — Associated Press, 14 May 2009

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