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Monday, May 21, 2007

Do you have a hard time finding a parking space? Take the bus or tram if you go to the city. That’s the message Belgian bus company De Lijn (The Line) is sending to promote public transport as a solution for car parking problems. As a part of their media campaign, they have jokingly suggested that people use the top of the busses as parking space.

Another idea they are using in their media campaign: maybe you could park your car on the bottom of a canal? The bus company is using an invented diving company called Cardive, which has divers that offer to dump your car in the canal. The divers walk around in cities and hand out free bus tickets and maps of the bus network.

To reach car drivers who are not using public transport, the media campaign has several radio commercials that present other solutions to the car parking problem. You could use “asphalt-spray” to camouflage your car, making it invisible for policemen (although you then need to remember where you’ve parked). Or you could use the “flat tire kit”, which comes with a fake flat tire and an inflatable dummy, so it looks like you’re replacing your flat tire. The final idea the bus company has is to use a View-Master to fool parking guards into believing that your car has been stationed correctly.

A survey among 4000 customers of De Lijn shows that two out of three car owners who use public transport, do so to avoid parking space troubles, and in cities this percentage rises to 90%. The survey further shows that 39% use the bus to go shopping.

During the month of May, the auto-bus and the divers tour several cities in Flanders (Leuven, Hasselt, Ghent, Bruges and Antwerp).

Tuesday, July 4, 2006

The Space Shuttle Discovery has been launched from Kennedy Space Center, on mission STS-121. This is 115th Space Shuttle Flight and the second since the loss of Space Shuttle Columbia on February 1, 2003.

The ascent was described as “smooth”, however NASA engineers will be looking for traces of damage to the shuttle’s heat shield that may be caused by foam falling from the external tank.

Launch occurred on schedule at 2:38 p.m. EDT (18:38 UTC), with the spacecraft reaching orbit 8 minutes later.

Around 3 minutes into the launch, an on-board camera showed numerous pieces of insulation foam break away from the fuel tank. However, they are not thought to have caused any damage to the shuttle. NASA’s shuttle program chief N. Wayne Hale Jr. said the foam had fallen “after the time we are concerned about.”

This is the first time an American manned spacecraft has added its own launch fireworks to Fourth of July celebrations in the United States.

Thursday, March 17, 2005

Visibly relieved and sobbing as the verdict was read, Robert Blake was acquitted on all counts and walked out of the courtroom yesterday a free man.

Charged with murdering his wife, the jury acquitted Blake due to lack of evidence. He was also charged with two counts of soliciting to have his wife Bonnie Lee Bakley killed. The jury acquitted him on one count, and the judge dismissed the second after the jury became deadlocked in an 11-1 vote.

He was greeted by a crowd of cheering supporters outside the courthouse. The star of the television series Baretta crushed out one of his trademark cigarettes and spoke to the gathering, thanking his lawyers and private investigators who he described as, “This small band of dedicated warriors that saved my life.”

In a speech that lasted 30 minutes, he talked of having to spend $10 million for his defense and said that he was now a poor man who needed a job. The 71 year-old actor also said he was ready to “cowboy it…Get in a motor home or van, feel the wind in my hair and find a little bar in Arizona or someplace.”

The prosecution, which did not seek the death penalty, painted Blake as caught in a loveless marriage with Bakley. Tricked into marrying her by his love of their daughter Rosie, now 4, they claimed that he had felt trapped by a woman who had a history of being a low-life grifter. They alleged that Blake, frustrated after trying to find someone to kill his wife for him, killed her himself. They also claimed that he was the trigger man who, after dining with his wife in their favorite restaurant, put two bullets in her head as the two of them sat in their car outside.

The jury foreman in the trial, Thomas Nicholson, described the prosecution case against Blake as “flimsy.” He said “they could never connect all the links in the chain. We couldn’t put the gun in his hand.” Blake’s defense team was also able to successfully discredit witnesses who testified on the solicitation charges.

Thursday, September 27, 2007

The long awaited finale in the “Halo” series, “Halo 3”, has beaten the previous record of opening day sales held by “Spiderman 3” of US$151 million. In the United States, “Halo 3” got $170 million worth of retail sales in the opening day alone.

The game by Bungie Studios is available in 37 countries, which means the exact opening day figure will be much higher.

More than one million Xbox Live subscribers logged on to play “Halo 3” against each other over the Internet in the first 20 hours of launch, according to Microsoft Game Studio’s corporate Vice-President, Shane Kim.

In comparison, “Halo 2”, only sold $125 million on its first day of retail sales back in 2004. The first two “Halo” games have sold a combined total of 15 million copies.

It has been reported that Microsoft spent millions of dollars on marketing the third installment of the popular “Halo” series.

“Halo 3” was launched on September 25 at midnight in each time zone, New Zealand being the first country to play the game, followed by Australia.

Saturday, December 17, 2005The leaders of the European Union have struck a deal on the 2007-2013 budget. Negotiations were characterized by host country’s Prime Minister Tony Blair as “extraordinarily complicated”.

The biggest issues were different views between France, the UK and rest of the EU. UK wanted to keep it’s high membership discount, negotiated before economic growth made it one of the richest members, while other members wanted it to participate with relatively equal net payment. France’s primary issue was maintaining farming subsidies. Rest of the Europe was mostly interested in modernizing European economy by decreasing both UK’s discounts and France’s subsidies. Germany appeared as a pulling force between France and UK to secure the deal.

France continues to receive it’s highly criticized subsidies. The UK gave up 10.5 billion euros in exchange for a review of farm subsidies in 2008-2009, but the net membership discount will actually increase. Small member states such as Sweden increased their role as largest net payers in relative to output.

Key features in the reached deal:

• Total budget will be 862.36 billion euros, equaling to 1.045% of the EU’s total GDP
• Development aid will be 157 billion euros
• Farm budget will be 293 billion euros

Most see the resulted budget as a poor comproromise, but necessarily for the state of union and financial planning in the new member states.

A compilation of brief news reports for Sunday, April 1, 2007.

Five former Maoist rebels were sworn in as ministers as part of a peace pact designed to end a decade-long insurgency that has killed more than 13,000 people in Nepal. The new government has announced assembly elections for late June, 2007. Thereafter, the new assembly is due to write a new constitution for the Himalayan nation.

Related news

• “Nepal civil war ended by peace deal” — Wikinews, November 21, 2006

Sources

• AP. “Former rebels join Nepal government” — CNN, April 1, 2007
• “Nepal elections set for June” — Al Jazeera, April 1, 2007

Under a new law that went into effect today, non-Russians will not be allowed to work as salespeople in shops and markets. The ban was presented by Vladimir Putin as a way of improving employment prospects for Russian citizens. Russian media warns that it will increase the labor costs for retailers and drive up inflation. The Federal Migration Service, a government agency, reported nearly full compliance in Moscow.

Sources

• “Trading ban targets non-Russians” — BBC News Online, April 1, 2007
• “Russia bans expats from trading” — Al Jazeera, April 1, 2007
• “Moscow markets fully meet demands of new immigration legislation” — ITAR-TASS, April 1, 2007

Today, Sunday, Google “released” their Google TiSP service. This April Fool appears on their homepage as “New! Get FREE breakthrough broadband with Google TiSP (BETA).” This directs you to a page with details of Google’s TiSP package, a package that will give you broadband after you flush a fiber-optic cable down your toilet. Google issued a press release at midnight on April 1st, 2007.

Sources

• Press Release: “Google announces free in-home wireless broadband service” — Google, April 1, 2007
• Asher Bramwell. “Google April Fools!” — Geekzone, April 1, 2007
• Garrett Rogers. “Google launches TiSP — Free wireless broadband” — ZDNet, March 31, 2007

External links

• Google TiSP

Between 100 and 200 students gathered outside the British embassy in Tehran to protest the alleged incursion into Iranian waters by the Royal Navy.The protesters threw rocks, chanted “Death to Britain” and called for the expulsion of the ambassador. Police prevented the protesters from entering the compound.

Sources

• Nasser Karimi, AP. “Protest in Iran Targets British Embassy” — Guardian Unlimited, April 1, 2007
• Edmund Blair. “Protesters pelt UK embassy as Iran row worsens” — Reuters, April 1, 2007
• “Students condemn UK navy violation of Iran’s waters” — Islamic Republic News Agency, April 1, 2007

Saturday, April 2, 2005

Chicago city inspectors closed the landmark Lithuanian restaurant Healthy Food on Thursday, after finding mouse feces on the meat slicer and cutting board, and a dead mouse in the cooler.

The restaurant has operated at 3236 S. Halsted, on the south side of the city in the Bridgeport neighborhood, since the 1930s.

Wikinews reporter David Vasquez placed a call to the restaurant to inquire if they were open. The call was answered by a woman who said, “No, we’re closed. There’s some technical difficulties. I’m sorry. Thank you for calling.” A second phone could be heard ringing in the background.

Streets and Sanitation spokesman Matt Smith told the Chicago Sun-Times, “To reopen, they’re going to have to present us with a revamped game plan for not only rodent control but also housekeeping, they’ll have to make all the corrections that our inspectors point out,” he continued, “and pass a very stringent follow-up inspection.”

Patrons have praised the restaurant’s sauerkraut soup and other dishes over the years. Before it was closed, the restaurant had a lot of traffic from the nearby Cook County Circuit Court. The restaurant was once voted “Best Ethnic Eastern European Restaurant in Chicago”, according to New City.

Sunday, December 7, 2008

Filipino WBC Lightweight Champion, Emmanuel “The Pacman” Pacquiao (48-3-2, 36 KOs) stopped American boxer and promoter Oscar “Golden Boy” De La Hoya (39-6, 30 KOs) after eight rounds of the “The Dream Match” in MGM Grand Garden Arena, at Las Vegas, Nevada on December 6, 2008. De La Hoya’s corner threw in the towel before the start of the 9th round of the 12-round, non-title fight at the 147-pound welterweight limit. It was officially a technical knockout.

“Pacman” dominated the fight, from the opening bell, landing his straight left hand to the American’s face, and later opens up with combinations in the seventh and eighth rounds. Two of the three judges scored all eight rounds for him, while a third gives De La Hoya the first round. Finally, Pacman gives De La Hoya a beating and closes his left eye in the eighth round. Pacquiao said, “You’re still my idol.” De La Hoya replied, “No, you’re my idol.”File:Oscardelahoya vs pacquiao.jpg

The camp of Manny Pacquiao has previously claimed that “Golden Boy” had weaknesses the Filipino boxer would exploit. Trainer Freddie Roach accurately foretold the outcome when he earlier said, “I’m not saying we’re not going to knock him out. If it happens, fine. We’ll take it. What we’re going to do is break him down round by round. We’re working on staying away from the jab and the left hook. The hook is a power shot. But Oscar makes a mistake with his jab. I’m not saying what it is, but I’ve seen it.”

Meanwhile, sportinglife.com reported that Pacquiao “confirmed he’s up for a showdown with Ricky “Hitman” Hatton, telling Sky Box Office: “My job is to fight in the ring, that’s the promoter’s job. I can fight any time, anywhere. I can go to England to fight Hatton, no problem.” Hatton replies: “Manny’s proved again that he’s pound-for-pound the number one in the sport and I still might get my dream of becoming the best pound-for-pound fighter in the world.”

Pacquiao stands to earn nearly US$15 million, which also includes his share of the pay-per-view earnings while De La Hoya is guaranteed $20 million for the fight.

Friday, December 12, 2008

Top broker and Wall Street adviser Bernard L. Madoff, aged 70, was arrested and charged by the FBI on Thursday with a single count of securities fraud, also known as stock fraud and investment fraud. He allegedly told senior employees of his firm on Wednesday that his $50 billion business “is all just one big lie” and that it was “basically, a giant Ponzi scheme (since at least 2005).” Mr. Madoff faces up to 20 years imprisonment and a fine of up to $5 million. FBI agent Theodore Cacioppi said Mr. Madoff’s investment advisory business had “deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in investors’ losses of approximately $50 billion dollars.”

The former chairman of the Nasdaq Stock Market is also the founder and primary owner of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. The firm is one of the top market maker firms on Wall Street. He founded his family firm with an initial investment of $5,000, after attending Hofstra University Law School. He saved the money earned from a job lifeguarding at Rockaway Beach in Queens and a part time job installing underground sprinkler systems.

A force in Wall Street trading for nearly 50 years, he has been active in the National Association of Securities Dealers (NASD), a self-regulatory organization for the U.S. securities industry. His firm was one of the five most active firms in the development of the NASDAQ, having been known for “paying for order flow,” in other word paying a broker to execute a customer’s order through Madoff. He argued that the payment to the broker did not alter the price that the customer received. He ran the investment advisory as a secretive business, however.

Dan Horwitz, counsel of Mr. Madoff, in an interview, said that “he is a longstanding leader in the financial-services industry with an unblemished record; he is a person of integrity; he intends to fight to get through this unfortunate event.” Mr. Madoff was released on his own recognizance on the same day of his arrest, after his 2 sons turned him in, and posting $10 million bail secured by his Manhattan apartment. Without entering any plea, the Court set the preliminary hearing for January 12.

Madoff’s hedge fund scheme may rank among the biggest fraud in history. When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets. The scheme would dwarf past Ponzis, and it would further be nearly five times the telecommunication company WorldCom fraud and bankruptcy proceedings in 2002.

The Securities and Exchange Commission filed a separate civil suit on Thursday against Bernard L. Madoff Investment Securities and its eponymous founder Mr. Madoff. It was docketed as “U.S. v. Madoff,” 08-MAG-02735, by the U.S. District Court for the Southern District of New York (Manhattan). SEC, New York associate director of enforcement, Andrew M. Calamari, asked the judge to issue seizure orders on the firm and its assets, and appoint a receiver. The SEC pleads, among others, that “it was an ongoing $50 billion swindle; our complaint alleges a stunning fraud that appears to be of epic proportions.” It further accused the defendant of “paying returns to certain investors out of the principal received from other, different investors” for years. Madoff’s hedge fund business had previously claimed to have served between 11 and 25 clients and had $17.1 billion in assets under management. But virtually all of the assets were missing.

United States District Court for the Southern District of New York Louis L. Stanton on Thursday appointed Lee Richards, a Manhattan lawyer, as the firm’s receiver. A hearing is set for Friday, for a ruling on the SEC’s petition to grant plenary powers to the receiver over the entire firm, and an absolute asset sequestration.

Doug Kass, president of hedge fund Seabreeze Partners Management said that “this is a major blow to confidence that is already shattered — anyone on the fence will probably try to take their money out.”