Author: Admin

Sunday, January 10, 2010

Chinese officials have said that their country’s exports surged last December to edge out Germany as the world’s biggest exporter.

The official Xinhua news agency reported today that figures from the General Administration for Customs showed that exports jumped 17.7% in December from a year earlier. Over the whole of 2009 total Chinese exports reached US$1.2 trillion, above Germany’s forecast $1.17 trillion.

Huang Guohua, a statistics official with the customs administration, said the December exports rebound was an important turning point for China’s export sector. He commented that the jump was an indication that exporters have emerged from their downslide.

“We can say that China’s export enterprises have completely emerged from their all-time low in exports,” he said.

However, although China overtook Germany in exports, China’s total foreign trade — both exports and imports — fell 13.9% last year.

Wednesday, September 26, 2007

Suzanne Fortin is running for the Family Coalition Party in the Ontario provincial election, in the Nepean-Carleton riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Thursday, June 9, 2005

Canada’s top court has struck down Quebec’s bans on private health care insurance, citing an increased risk to the life and health of Canadians. [1]

The Supreme Court of Canada ruling looked into a patient’s right to pay for faster service in a system that currently treats patients on the basis of equal access to medical care, regardless of income. [2]

Quebec patient George Zeliotis, a chemical salesman who waited in pain for more than a year in 1997 to have his hip replaced, said he should have had the right to pay for surgery.

Under public health care, it’s forbidden to pay for services covered under the system.

Despite free medical treatment, there are often long waiting lists for operations and services with current public health care.[3]

Together with physician, Dr. Jacques Chaoulli, Mr. Zeliotis launched a challenge to the Supreme Court of Canada, after losing their fight in Quebec’s lower courts, arguing that having to wait for surgery violates a patient’s constitutional right to life, liberty, and security of the person. [4]

Mr. Zeliotis and Dr. Chaoulli argued that being able to pay for private medical services wouldn’t be detrimental to the public health care system.

The Quebec Superior Court and the Quebec Court of Appeal had dismissed the case, ruling that the provincial law’s intent was not to discriminate among patients and to provide health care based on need rather than a patient’s ability to pay.

The Canadian Medical Association said the Superior Court of Canada ruling could “fundamentally change the health-care system in Canada as we now know it” but declined to comment any further until it had time to study the decision. [5]

Wednesday, September 17, 2008

The Federal Reserve took over American International Group (AIG) on Tuesday in an US$85 billion loan, in exchange for a 79.9% stake in the company.

A press release issued Tuesday stated that “the Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance.”

The deal allows AIG to draw up to US$85 billion in loans over the next 24 months to shore up the orderly sale of various divisions of the company without further interruption to the economy. In exchange, the Federal Reserve will have a 79.9% equity stake, primarily in the form of equity participation notes. The loan carries an interest rate of LIBOR plus 850 points. Should AIG fail, the loan is covered completely by company assets. Should AIG recover however, taxpayers could potentially recover large profits.

This news comes on the heels of the Federal Reserve refusing to bail out Lehman Brothers, forcing the company to file for bankruptcy on Monday after Bank of America(BoA) and Barclays PLC pulled out of negotiations over the weekend. The fact that AIG has thousands of divisions engaged in business across the globe sets them apart from the recent problems with other banks. AIG was built up over the last several years via the buyouts and mergers of many companies around the world, offering AIG’s stockholders a diverse base of income which allowed it to steadily increase profits.

It is this interconnectedness that had the Federal Reserve worried. Should AIG collapse, it could set off a global chain reaction in multiple markets. In an interview with the New York Times, former Treasury official Roger Altman said, “It’s the interconnectedness and the fear of the unknown. The prospect of the world’s largest insurer failing, together with the interconnectedness and the uncertainty about the collateral damage — that’s why it’s scaring people so much.”

While AIG, like many other banks, found itself embroiled in the middle of the sub-mortgage lending crisis, AIG has also been struggling to deal with controversies in other complex financial instruments such as credit default swaps. These markets have been exploding for several years, but due to lack of regulation by the government, recent reversals have seen AIG’s stock value tumble by over 90 percent in the last year.

Monday, September 5, 2005

The nations hard hit by last year’s devastating tsunami are now lending advice to the United States on how to cope with the Katrina crisis.

Nopadol Somboonsub, the head of tsunami corpse identification in Thailand noted that the U.S. needs to “…examine the bodies slowly and put all the data into a computer,” and added that “It’s very important to get it right. You cannot assume that this or that body is the right body simply because a relative identified it.”

Somboonsub noted that life insurance and identity theft fraud are all matters to consider when dealing with body identification. Somboonsub speaks from a position of experience, his team having dealt with the identities of 5,395 corpses of various ethnicities in Thailand.

In India too, experts have advice for the U.S. For instance, one unnamed Indian official said that nations should not be arrogant when it comes to handling disasters. He also stated that “In India, for all its vastness, we have a very easily operable contingency plan for disasters at the grassroots level. It is not a highly complicated national response system.”

He emphasized that relief is most important on the local level: “A person at the grassroots level knows that sandbags have to be organized, identifies likely places of breaches, plans clearing debris and setting up relief camps and cooking centers.”

In Aceh, in Indonesia, Budi Atmadi, head of relief operations, said that humanitarian concerns must come first.

“In that period, the blame game is rampant because one person will always say the relief has been slow while another says there are so many limitations. The blame game will always be there so your ears need to be thick,” Atmadi stated, along with “The important thing is to stay committed and put humanitarian concerns at the top.”

The United States has so far only accepted help from other countries in the form of monetary aid and oil.

2009

[edit]

Friday, March 20, 2009

In the United States, a suspended Pennsylvania state trooper has been convicted of first-degree murder for killing his girlfriend’s estranged husband.

Kevin Foley, 43, faces a mandatory life sentence without parole for slashing to death John Yelenic, a Blairsville dentist who was in the final stages of divorcing his wife, Michele. Foley’s attorney said he plans to appeal the decision. Prosecutors did not seek the death penalty.

Foley previously said he “loathed Dr. Yelenic” and asked another fellow trooper to help kill him. During his testimony, which lasted several hours, Foley claimed he was joking and had no true intention of carrying out the threat, but the Indiana County jury rejected that defense after about six hours of deliberations.

John Yelenic was found dead in his home on April 13, 2006, one day before he was planning on signing his divorce papers. Charges were brought against Foley in September 2007, more than 17 months after the murder.

Foley, who had been on suspension from the Pennsylvania State Police, was himself the final witness to take the stand Wednesday in the trial. Foley insisted he was innocent during his testimony, and even made jokes that the jury laughed at on a few occasions.

“I never made a threat with the intention of carrying it out,” Foley said under cross-examination by the prosecution.

When Senior Deputy Attorney General Anthony Krastek pressed Foley for what was funny about asking another state trooper to help him kill Yelenic, Foley answered, “There isn’t any joke. It’s just my personality, my behavior (with co-workers).”

Prosecutors said Foley killed Yelenic after going to the dentist’s house to confront him over the terms of the divorce. Prosecutors claim Foley slashed Yelenic several times with a knife and pushed his head through a small window. Yelenic bled to death.

“John has his justice tonight,” Mary Ann Clark, a cousin of Yelenic, told MSNBC. “John deserved this; he was the most wonderful person in the world. He died the most horrible death and tonight, this is his night. The system worked.”

Foley had been living with Michele Yelenic for two years at the time of the homicide. Prosecutors previously said Foley and Michele helped perpetuate rumors that Dr. Yelenic molested their son. John and Michele Yelenic had been separated in 2002. Michele Yelenic stood to collect Dr. Yelenic’s estate and a US$1 million life insurance policy, and could lose about $2,500 a month in support if the divorce was finalized, a Pennsylvania grand jury previously determined.

Michele Yelenic, who has not appeared at the trial, may face legal action herself, media reports indicated. A sentencing hearing for Foley is scheduled for June 1.

Friday, April 29, 2005

With the UK general election on May 5, three party leaders from the largest parties in the election answered questions live on the BBC at 19:30 UTC Thursday. Charles Kennedy (Liberal Democrats), Michael Howard (Conservative Party, currently Opposition) and Tony Blair (Labour Party, incumbent) were asked questions by an audience representative of the British public. The politicians were given no advance notice of the questions. David Dimbleby hosted the discussion, as he has other Question Time debates.

Topics that were raised included taxation and the new 50% top rate of tax proposed by the Lib Dems, immigration and controls proposed by the Conservatives, the largely negative campaigning launched by the Tories, and the legality of the Iraq war. Also, bullying and discipline in schools, further education and public health were issues raised.

Charles Kennedy’s period in the “hot chair” was notable for the largely benevolent questions posed to him, and considerable support evident from applause and cheering at the end of several points made. He attacked the British First Past the Post electoral system as “perverse” and said that he would support a proportional voting system if he got into power. When questioned as to whether, upon pressure from the US, he would go to war again in the Middle East without sufficient evidence, he replied strongly “No.” Further, he said he could not see the Liberal Democrats in another coalition with any other party that may come into power.

In contrast, the opposition leader entered accompanied with less enthusiasm, including several cries of “Howard is evil!” by several unidentifiable members of the audience. Michael Howard revealed during the debate that, if that he knew all of the things he knew now, he would have supported the invasion of Iraq with Tony Blair. However, he still upholds the illegality of the war and the way it began, and the apparent lies on the part of the Prime Minister to the people as primary reasons to vote for his party.

Tony Blair’s interview period was highlighted by the decision to go to war on Iraq, and the Attorney General’s advice in a recently leaked dossier. Difficult questions relevant to the amount of consultation he made with his Cabinet members and the Intelligence groups, and the amount of division within his cabinet with regards to the Iraq War were raised. The Prime Minister was visibly under pressure, and was openly surprised at several statements made by the public present. Upon hearing that local surgeries did not allow appointments to be booked until less than 48 hours before an available time in order to meet government targets, he was unprepared and appeared surprised.

Toward the end of the discussion, hecklers in the front row interrupted the rounding up of the program.

Considering the content of Question Time, it would seem that the problem of Iraq, and whether the British public can trust the current Prime Minister, may overshadow political debate concerning domestic issues.

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.