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Friday, July 22, 2005

Administrators PriceWaterHouseCoopers (PWC) have announced that the British car company MG Rover and its engine manufacturer Powertrain Ltd has been sold to Chinese company Nanjing Automobile for an unknown sum of money. The company beat bids from Shanghai Automotive (SAIC), despite being the smaller of the two.

MG Rover collapsed this Spring, after struggling to make a profit for several years.

SAIC had tried to buy only the engine plant and then transfer it to China, but in June Nanjing Automobile approached PWC with a combined bid for both the car manufacturing company and Powertrain. This Monday SAIC bid for both but the offer was inferior to Nanjing’s.

Nanjing has indicated that it too will move the engine production plant to China, along with some car manufacturing. However it also intends to continue building cars in Britain, and establish an engineering research and design centre there in an effort to expand its sales globally. Nanjing intends to start hiring at once.

Monday, November 14, 2016

On Wednesday, India demonetised ?500 (about US$7.50) and ?1000 notes, announced as a measure to fight corruption, fake notes, and black money. Prime Minister Narendra Modi addressed the Indian citizens late Tuesday, and said 500 and 1000 rupee notes would cease to be legal tender at midnight.

To minimise possible difficulties to citizens, transactions using old 500 and 1000 rupee notes were accepted at government hospitals, railway ticket bookings, government buses, and airports. The notes were also accepted at public-sector petrol-pumps, government-authorised consumer co-operative stores, milk booths authorised by State governments, and cremation grounds till Friday midnight. These shops were obliged to have a record of their stocks and sales.

In his announcement, Modi said, “For your immediate needs, you can go to any bank, head post office or sub post office, show your identity proof like Aadhar card, voter’s card, ration card, passport, income tax PAN card number or other approved proofs and exchange your old 500 or thousand rupee notes for new notes.”

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Modi also announced those who failed to change their currency till December 30 can exchange the notes at Reserve Bank of India (RBI)’s office along with a declaration form till March 31. The notes can be exchanged till December 30 at any branch of any bank across India.

By Saturday, Finance Minister Arun Jaitley said demonetised money equivalent to almost US$30 billion was deposited in banks across India. According to estimate, the old notes accounted for 85% of the total money in circulation. New 500 rupee and 2000 rupee notes are to be issued. Modi said RBI would exercise caution from past experience and limit the circulation of large-value notes.

International tourists could purchase up to 5000 rupees using the old notes at airport exchanges till Friday.

A limit was imposed on cash withdrawal; a maximum of 10000 rupees each day, and 20000 rupees each week, can be withdrawn. Moreover, from Thursday (November 10) till November 24, 4000 rupees can be exchanged in the banks and post offices. The amount is credited to the bank account.

Government workers were informed about demonetising when the announcement was made. Modi announced all banks would remain closed for public work on Wednesday.

In the United States, Donald Trump won the 2016 presidential election on Tuesday, immediately after which stock markets dropped globally. Following the US election and demonetising the money, the Indian stock market fell by 1700 points on Wednesday. Sensex lost 1,688.69 points and Nifty lost 111.55 points on the same day. Indian technology sector companies experienced loss. TCS suffered 4.93% loss and Infosys lost 2.74%.

The Indian rupee is also used in the neighbouring countries of Bhutan and Nepal. The border area uses Indian currency for day-to-day transactions. The Royal Monetary Authority of Bhutan (RMA) has announced the exchange of old notes will be facilitated till December 15. RMA governor Dasho Penjore informed Indian news site The Wire, “We do not know exactly how much Indian currency of Rs 500 and Rs 1,000 is in circulation in Bhutan. We will get a better idea after the deadline to deposit their amount”. RMA has 30% of its international exchange reserve in Indian rupees. Nepal Rastra Bank directed all Nepali banks to stop conducting transactions using the Indian rupee.

On Thursday, there were long queues in front of ATMs and banks to exchange the old notes and withdraw money. BBC reported some banks ran out of cash. Police were called to some banks to maintain discipline. Banks were open on Saturday and Sunday for money exchange.

Shops did not accept the old 500 and 1000 rupee notes. Some emphasised cash-less transaction as well. BBC reported some traders and small business owners in Delhi threatened to call a strike as this move affected their business.

eRetail websites like Amazon and Flipkart announced they would not accept the old 500 and 1000 rupee notes on Cash on Delivery orders. Amazon also announced 15% discount on gift cards worth 500 or 1000 rupees.

The government ceased all transactions using the old 500 and 1000 rupee notes before Saturday. But a Wikinews correspondent noticed a jeweler shop accepting the demonetised notes on Saturday. When questioned, the jeweler said they were accepting the old notes only on purchase. When the correspondent, who did not identify as a reporter to the shop owners, said the old 500 and 1000 rupee notes were not legal money, they said they will exchange the notes in a bank since there were 50 days to exchange with a new and legal tender. They refused to exchange old 500 rupee notes with change, asserting the customer needs to buy merchandise from their shop.

Saturday, September 22, 2007

The Los Angeles City Attorney’s Office said yesterday that pop music super-star Britney Spears was facing charges for a hit and run offence and driving without a valid drivers’ license.

Charges were filed following an accident in which police allege Spears smashed her car into another vehicle in a parking area in August of 2007.

She could face a maximum of six months in jail and US$2,000 in fines if convicted.

A group of paparazzi recorded a video Britney steering her car into another vehicle on August 6 as she tried to pull into a parking spot in a Studio City lot.

Kim Robard-Rifkin was the owner of the other car and she filed a police report three days after the accident. The 59-year-old nurse found out that it was Spears who ran into her car after watching a video on a celebrity website.

Robard-Rifkin said, “I simply want my car fixed, the same as I would fix somebody’s car if I had done that.”

Spears will be arraigned on October 10.

Friday, May 6, 2005

At 21:00 UTC yesterday, the polls closed in the United Kingdom general election. With only a handful of seats left to declare, Labour reached the 324 seats necessary to form a majority in the House of Commons, with the result in Corby at 03:28 UTC.

The Conservative Party remains the Opposition party, with the Liberal Democrats being the third largest party in the House of Commons.

Both the Labour victory and the reduced majority were widely predicted by opinion polls before the election. The BBC/ITV exit poll predicted Tony Blair a majority of 66 seats, which continued to be forecast as the final result as declarations were made. Some early results in the north-east indicated a bigger swing away from Labour than the opinion polls had been suggesting, but later results confirmed the survey.

Overall, there has been no clear swing in votes between the parties. Many seats have seen large swings, but in many different directions, with perhaps the national swing of 5% from Conservative to Liberal Democrat being the most dramatic with many much larger local swings.

The new Labour government has been elected with the lowest proportion of the popular vote ever – just 35.2%. However, the Tories only gained 32.3% barely more than the last election in 2001. The biggest winners in terms of popular vote were the Liberal Democrats led by Charles Kennedy, who secured 22.1% of the vote. With 645 of 646 seats declared so far, this has given the Liberal Democrats another 11 seats in Parliament, but the Conservatives have gained another 33 seats. Labour have lost 47.

As a result, Tony Blair is forecast to be governing with a majority of 66 in the new Parliament. However, on some major issues such as university fees and anti-terror laws, many Labour MPs have voted against their leadership. With a greatly reduced majority, Tony Blair may be forced to water down many more controversial policies in order to guarantee their passage through the House of Commons. Speaking on BBC News, commentator David Dimbleby pointed out the uncertainty of such possibilities, and noted that a majority of 66 was larger than the 43 seat majority won by Margaret Thatcher in the United Kingdom general election, 1979.

One surprise vote was the election of ex-Labour member George Galloway in Bethnal Green & Bow, in East London. The area has a very high number of Muslims in it, and Galloway moved from his home in Scotland in order to gain their anti-war support. He ousted Britain’s only second female black MP, Oona King, in the process.

Robert Kilroy-Silk, the ex-talkshow host who was sacked from the BBC after writing racist newspaper articles, only came fourth in his election in Erewash in the East Midlands. His party, Veritas, which fielded 65 candidates across the country, stood for withdrawing from the European Union and blocking immigration.

Turnout in the general election is 60%, up 2% on 2001.

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Wednesday, March 12, 2008

The Service Employees International Union, a trade union in the United States and Canada, was trying to unionize 8,300 workers in nine different Ohio hospitals through elections that were scheduled for this Wednesday and Friday. But then organizers from a second union, the California Nurses Association, visited the hospitals to encourage the workers to vote not to join the S.E.I.U. These actions led to the service employees union on Tuesday asking to postpone the vote by workers at the nine hospitals, all which are a part of the Catholic Healthcare Partners system.

Andy Stern, the service president is quoted as saying, “nothing more than a flimsy cover for out-and-out union busting that we normally see from employers, not organizations that claim to care about workers.”

The California Nurses Association, said it dispatched organizers to Ohio because in its view the unionization efforts were part of a “sweetheart deal”.

Rose Ann DeMoro, executive director of the nurses association, condemned this agreement. She called it “a rigged scam” in which the service union would bargain without care if they won the vote.

“This was a top-down deal between an employer and a hand-picked union,” Ms. DeMoro said. “There was a gag order on everyone, and as a result this was a banana republic election.”

“As for the future,” DeMoro said, “no election is planned.” She said that delaying the election was “a significant victory for employee rights.”

Dave Regan, president of a service employees’ local representing 35,000 health care workers in Ohio, West Virginia and Kentucky, called the nurses union’s conduct as, “Their conduct is indistinguishable from that of the most vicious anti-union employers,” Mr. Regan said. “It violates every principle of unionism. Real people are worse off today as a result of their behavior.”

Orest Holubec, spokesman for Catholic Healthcare, said the system’s hospital in Lima had obtained a restraining order to bar the California nurses from entering restricted patient-care areas and aggressive leafletting outside hospitals. “They were doing exactly the kind of things we were trying to avoid,” Mr. Holubec said. “They poisoned the well to the degree that we didn’t have the conditions that we tried to establish for a pressure-free environment.”

Monday, May 28, 2007

Four people were killed and about two dozen injured in a bombing at a crowded market in Saba Yoi, Songkhla Province, Thailand.

The day before, a series of bombings in Songkhla’s main city Hat Yai injured 13 people. Police are investigating those attacks, which occurred at around 9 p.m. (1400 GMT) on Sunday, when seven coordinated explosions went off at stores, hotels and restaurants in a city that is popular with tourists.

In Monday’s bombing, the dead were two women and two girls, ages 4 and 8. The bomb, which exploded shortly after 4 p.m. local time (0900 GMT), was hidden in a motorcycle parked in front of the market next to a railway station.

Authorities have not concluded if the blasts are linked to the ongoing insurgency by Muslim separatists in southern Thailand. The past year has seen an escalation of violence, with almost daily fatal shootings of civilians and frequent ambush attacks on soldiers. Since early 2004, more than 2,200 people have been killed, mainly in the southernmost provinces of Yala, Pattani and Narathiwat. Thailand is predominantly a Buddhist country, but in those three provinces, the majority of residents are Islamic.

Council for National Security chairman General Sonthi Boonayaratkalin said he believed Sunday night’s bombings were only meant to cause a disturbance. Other officials compared the Hat Yai blasts to the Bangkok New Year’s Eve bombings, which they say were caused to create political tensions, though in those blasts, three people were killed.

Business analysts believe Sunday night’s bombings will hurt Hat Yai’s tourist trade, which has been struggling since a spate of bombings in 2005, including one that killed two people at Hat Yai International Airport, as well as blasts in a department store and hotel, with about 70 people wounded. In September 2006, four people were killed in a series of bombings in Hat Yai.

The latest bombings come at a tense time for Thailand. In the nation’s capital, Bangkok, security forces are on alert ahead of a court ruling expected on Wednesday that could lead to the dissolution of the former ruling Thai Rak Thai party and the main opposition Democrat Party. Since a military-led coup d’état last year, in which prime minister and Thai Rak Thai leader Thaksin Shinawatra was ousted, all political activity has been banned by the junta.

Last week, King Bhumibol Adulyadej made a rare televised address as he granted an audience to the administrative court judges. He urged them to use care in their verdict. “You have the responsibility to prevent the country from collapsing,” he told them.

Authorities believe supporters of the political parties may cause trouble if they are displeased with the verdict.

Meanwhile, the nation’s constitution is being rewritten, and Buddhists are demanding that Buddhism be made the national religion, a move that experts believe will lead to an even bigger increase in violence in Muslim-dominated southern Thailand.

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