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Saturday, October 22, 2005

New Paltz, New York — More than 350 U.S. students took part in a demonstration Friday outside the SUNY New Paltz Student Union Building where student leaders used a bullhorn from the rooftop to rally the gathering on the concourse below. University police dispersed student leaders from the roof which was followed by more than 100 students storming the Haggerty Administration Building (HAB).

During the 2004–2005 academic year, students lobbied for a $10 million renovation project for their Student Union Building, which has not been renovated since its construction more than 30 years ago.

HAB spokesman Eric Gullickson said that the supplemental appropriation for the project is the largest in the history of the college and that the six-member advisory committee includes three students but that; “the Student Association, which was offered the first seat on this committee, declined the opportunity,” Gullickson said.

Student leaders, including Student Body President R.J. Partington III and Student Senate ChairJustin Holmes, who played a role in organizing this demonstration, testified during the Spring 2005 semester before the New York State Assembly Committee on Higher Education, eventually winning the renovation project. Holmes says that Gullickson’s assertions are; “an out-and-out lie. The SA was never offered such a seat. We were offered 1 seat on a seven seat committee, with the administration selecting the other six members.”

The major arguments for a capital project on the Student Union Building were that it:

• did not accommodate organizations and organization office needs
• lacked crucial technology for student mobilization
• was built for a student population less than half the size of 2005, and
• was one of the longest standing Student Unions in the SUNY system which had not undergone a renovation

During the Fall 2005 semester the HAB claimed that it would oversee the renovation project, citing the need for a larger lobby and bookstore.

The Kingston Daily Freeman reported:

The crystallizing issue for the demonstration was the upcoming $10 million renovation of the Student Union building. The renovation, scheduled to begin in about two years, will be the first major change to the building since it was built 34 years ago, according to college spokesman Eric Gullickson, who said the supplemental appropriation for the project in the state budget is the largest in the college’s history.

Gullickson also said that a six-member committee had been formed to guide the design process, but student leaders, including Partington, were told that the proposed committee would be seven members, including four non-students and two students who were appointed by the HAB.

“No matter the size and makeup of the HAB’s so-called renovation committee, it has nothing to do with the actual renovation process, which will be administered by a student committee, with input from other parties of course considered,” responded Holmes.

During the Fall 2005 semester, Student Body President R.J. Partington III attempted to negotiate with Administrators, including HAB President Steven G. Poskanzer, over the project.

The HAB refused to concede to student demands.

At this point, the Student Senate passed legislation proclaiming that the project would be overseen by a committee where students constitute a majority, and Partington announced that he “did not recognize and would not sit on” any committee that did not meet the needs of students.

Vice President of Acacdemic Affairs & Governance, Stephanie Adika said, “If the HAB won’t even listen to us about our own building, how are they going to listen to us about all the other problems the students have with SUNY New Paltz.”

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.”

Sunday, January 11, 2009

While it was just a joke, the Federación Nacional de Cafeteros de Colombia doesn’t find a recent “Mother Goose and Grimm” comic terribly funny.

In what the coffee growers association calls “an attack on national dignity and the reputation of Colombian coffee,” the characters in a comic strip by Pulitzer Prize-winning cartoonist Mike Peters call into question the relationship of Colombian coffee growers and the crime syndicates of Columbia.

The cartoonist is being sued not only for “damages [to] the intellectual heritage” of the coffee, but also “moral compensation. A public manifestation,” to the tune of $20 million.

At the start of a week-long series of strips, a dog character named “Ralph” finds out that part of chemist and food storage technician Fred Baur‘s remains was buried in a Pringles can, upon his last wishes. Baur’s best known innovation, among multiple, was the patented can and packing method for the Pringles potato chip. The character theorizes what other remains might be interred in their food packaging. Eventually, the dog states that “when they say there’s a little bit of Juan Valdez in every can, maybe they’re not kidding.”This play on an old advertising slogan refers to fictional character Juan Valdez, created by the Federación Nacional.

In a statement Peters says:

Julio Cesar Gonzalez, El Tiempo newspaper’s famous cartoonist, told the BBC that the lawsuit is “a real waste of time.”

In 2006, the Federación Nacional sued Café Britt over their advertising campaign titled “Juan Valdez drinks Costa Rican coffee. In a counter-suit, Britt presented an affidavit from a Costa Rican man named “Juan Valdez”, acknowledging that he drinks Costa Rican coffee, and that the name is too generic to be exclusive. A variety of legal challenges and charges from both sides were eventually dropped. The phrase was actually first used in a 1999 speech by Jaime Daremblum, then-Costa Rican ambassador to the United States.

Mother Goose and Grimm appears in over 800 newspapers worldwide; Peters has won the Pulitzer for his editorial cartoons for the Dayton Daily News. Thirty years ago, his editorial cartoon about electricity prices featured Reddy Kilowatt, an electricity generation spokescharacter. The Daily News defended that comic image in the United States Supreme Court, winning on the basis that “the symbol was not selling a product”, and thus the satire was legally permissible.

Peters drinks Colombian coffee.

Monday, January 2, 2017

On Friday, Tyrus Wong, a Chinese-US painter who inspired the style of Disney animated film Bambi, died at home of natural causes in Sunland-Tujunga, Los Angeles, according to his daughter Kim Wong.

Born on October 25, 1910 in Guangdong province, China, Tyrus Wong left the country with his father at the age of nine under fake names “Look Tai Yow” and “Look Get”. Wong’s father taught him the art of calligraphy using water instead of ink on newspapers.

Wong used to work as a houseboy after school in Los Angeles earning half a dollar per day. Wong’s principal in junior high school helped arrange a scholarship in Otis Art Institute for his art skills. At Otis, Wong studied Western art and graduated in 1935. In 1934, a landscape of Wong’s appeared in an exhibition organised by the Art Institute of Chicago which also featured a Pablo Picasso etching, “Two Nudes”. For two years, from 1934 to 1936, he worked for the Works Progress Administration to create paintings for public buildings.

In 1938, Wong began work in the Disney animation studio as an in-betweener — creating hundreds of intermediate images for the appearance of motion. Walt Disney noticed his work. Wong’s forest paintings of deer strongly influenced the style of Bambi. Wong worked at Disney for only three years before he was sacked in 1941, following an employee’s strike in which Wong did not participate. Next year, Wong became a Warner Bros. concept artist, drawing storyboards and set designs for live-action films. Films he drew concept art for included The Sands of Iwo Jima, Rebel Without a Cause, and The Wild Bunch. After more than a quarter century at Warner Bros., Wong retired in 1968. Wong gained US citizenship in 1946.

Wong influenced animator Andreas Deja, the creator of Lilo from Lilo & Stitch and Jafar from Aladdin. Wong also worked as a janitor, designed greeting cards, and picked asparagus during the lows in his career.

Wong was named a Disney Legend in 2001. Wong is survived by three daughters and two grandchildren.

Thursday, March 31, 2011

Edward Stobart, famed for his construction of the Eddie Stobart truck empire and being its chief executive officer for over thirty years, has died at the age of 56. In a statement, the Stobart Group commented: “It is with great sadness and regret that Stobart Group shares the news that Edward Stobart, son of Eddie Stobart, passed away at 8:10 AM this morning at University Hospital Coventry, after heart problems yesterday.”

When Eddie Stobart — Edward’s father, who is aged over eighty — created the company during the 1950s in Cumbria in northern England, it originally involved itself in the business of agriculture. In the 1970s, the business was given the name Eddie Stobart Limited and became a haulage service. Eddie Stobart then handed over the company to his son. The enterprise subsequently became the most popular of that industry within the United Kingdom, according to BBC News Online; it extended to include transportation by air and railways, as well as warehousing and management of logistics.

Due to the cult following that they had achieved via a fanbase of ‘Stobart spotters’, which involves the observation of their company’s uniquely named vehicles, the Stobart Group decided to create an official followers’ group, which now has in excess of twenty-five thousand members. Eddie Stobart-branded merchandise has also been released.

William Stobert — the brother of Edward Stobart — and Andrew Tinkler purchased the business from Edward in 2004. Edward subsequently relocated to the Midlands and took over what was to become an unsuccessful truck trailer building firm in 2009.

Edward Stobart experienced his death in Coventry, England at 0810 BST (0710 UTC) on Thursday. The Stobart Group have expressed their condolences to “Edward’s wife Mandy, his children and family at this difficult time.”

Haulage firm Preston’s of Potto’s chairwoman Ann Preston described Edward as “the most iconic figure that has ever been in this industry” and that the death of a man who “was very passionate about road transport” and “didn’t want to do anything else” since he was a child was “a massive loss”. The Stobart Members’ Club have stated: “The club’s members will certainly have fond memories of the man who started the phenomenon off, created the iconic Eddie Stobart brand and made it cool to spot lorries. Stobart Spotting will continue and the legacy of Edward Stobart will live on.”

Tuesday, March 22, 2005

Twenty-four cars of a west-bound Canada Pacific train were thrown from the tracks after the train collided with a semi tractor-trailer in poor weather and visibility near Regina, Saskatchewan around 11 a.m. Tuesday morning. The driver was rushed to hospital.

The accident took place on a level section of Highway 46 just north of Highway 1, about 25 kilometres east of Regina. The RCMP spokesperson reported the crossing is marked with lights, but weather may have played a role.

“Road conditions were wet and sloppy and it’s foggy,” RCMP Cpl. Brian Jones said to the CBC. The bad weather, including a heavy overnight snowfall, may have contributed to the accident.

Most of the 93 cars in the train were empty bulk transit cars, used for moving agricultural products such as grains. The RCMP report that neither train or truck were transporting any hazardous materials.

Monday, January 16, 2012

The Russian spacecraft Phobos-Grunt fell into the Pacific Ocean some 1,250 kilometers west of Wellington, Chile yesterday after circling in Earth orbit for two months. The spacecraft was designed to retrieve soil samples from the largest moon of Mars, Phobos, but its engines failed and it had remained in Earth orbit ever since.

According to the Russian Federal Space Agency (Roscosmos), the spacecraft was in a near-Earth orbit with perigee 113.8 km and apogee 133.2 km at 8.15 p.m. UTC yesterday. It fell into the Pacific ocean around 9.45 p.m.

Predictions had varied on whether any segments would reach the Earth’s surface, and it is still unknown whether any did so. People from New Zealand and London reported sighting the spacecraft glowing bright orange as it passed eastwards.

Russian authorities plan to determine the reasons behind the accident. The failure of the mission is being considered as a major setback in Russia’s interplanetary programme. Vadim Lukashevich, a space expert, commented, “Five and half billion rubles and all the hopes of Russian space science for a revival… today burn up without any glory in the earth’s atmosphere.”

Wednesday, November 28, 2007

Scientists at NASA have recently released the most detailed map of Antarctica ever. NASA’s Landsat 7 satellite took 10,000 photographs of the continent over a period of two years, from 1999 to 2001. 1,100 pictures were chosen to form the mosaic map. Officially titled the Landsat Image Mosaic of Antarctica (LIMA), the map reveals Antarctica’s geography in high definition and with accurate colors. Details as small as half the size of a basketball court are visible.

NASA created the map to coincide with the International Polar Year of 2007-2008. Robert Bindschadler, chief scientist of the Hydrospheric and Biospheric Sciences Laboratory at NASA’s Goddard Space Flight Center, remarked, “This innovation is like watching high-definition TV in living color versus watching the picture on a grainy black-and-white television.” The map represents a tenfold improvement over previous Antarctic imagery databases.

Landsat 7 managed to capture 80% of the continent in high definition. While the satellite was not able to take photographs of the South Pole due to its orbit path, lower-resolution images helped fill in the gap.

The map will help scientists plan and carry out expeditions on the notoriously difficult terrain. The new, intensely detailed information will also facilitate the tracking of environmental changes such as the calving of ice shelves. Researchers will be able to use such data to better understand phenomena like global warming in such amazing detail that even relatively small changes will be visible. Geologists, on the other hand, will be able to use the maps to study Antarctic rock formations.

The LIMA images are available to the public via the internet. The National Science Foundation contributed nearly US$1 million to create the website.

The Landsat 7 satellite will continue to document Antarctica from space through to 2011. Subsequently, NASA will launch the Landsat Data Continuity Mission. Information from both projects will update the map.