Author: Admin

Monday, February 28, 2005

Cambridge, Massachusetts —The planning board of Cambridge, Massachusetts voted in unanimous approval of Harvard University’s plan to build a 410,000 ft² (38 090 m²) science center at 24 Oxford Street, according to the local newspapers, The Harvard Crimson and the Cambridge Chronicle. More than half of the space in the building will be constructed underground.

The Northwest Science Building, as it will be called, will house the laboratories of roughly 30 Harvard science faculty members, as well as a chilled water plant and an electrical substation. The building was designed by Craig Hartman, an architect in the San Francisco office of Skidmore, Owings and Merrill, who also completed Harvard University Master Plan in 2002, according to the firm’s website. Skidmore, Owings, and Merrill also designed such notable buildings as Chicago’s Sears Tower and the recently completed international terminal at the San Francisco airport.

The vote to approve the plan occurred at the February 15, 2005, meeting of the Cambridge Planning Board at the City Hall Annex, 344 Massachusetts Avenue in Cambridge. In what the Harvard Crimson called a “departure from the norm,” there were no comments from residents at the hearing. The Crimson reported that the Harvard officials at the meeting took this as “a signal that the community was well-informed about the project prior to the presentation.” The sign advertising the hearing can be seen at right.

In related news, the Director of Urban Design for Skidmore, Owings, and Merrill’s New York office, Vishaan Chakrabarti, will be speaking at the Harvard Graduate School of Design on March 1, 2005.

Saturday, April 29, 2006

The first “visual issue” of the Emir of al-Qaeda in Iraq, Abu Musab al-Zarqawi, was issued April 25, 2006, by the Mujahideen Shura Council. A thirty-four minute video containing an approximately twenty minute oration by Zarqawi, footage of him leading mujahideen in training on the battlefield and in a war room, and seated amongst local leaders of al-Anbar province. His speech touches upon a variety of topics, including the purportedly victorious and successful state of the mujahideen in Iraq, waging jihad in Iraq while steadying eyes on Jerusalem, and Usama bin Laden’s proposed truce with the West. In fact, the video proper opens with an excerpt of a speech by bin Laden urging Muslim youth to jihad. On the refusal of the proposal, he warns U.S. President George W. Bush, his allies of the “Crusaders, Shi’ites and the converters” that they will never enjoy life as long as blood courses through the veins of the mujahideen.

Zarqawi also speaks of the alleged lies of the administration and the true state of the American soldier in Iraq. He states: “Why don’t you tell about the reality of your soldiers and their failure to fight… why don’t you tell your people about the soldiers who commit suicide, why don’t you tell your people that your soldiers can not have any sleep without taking drugs which makes them like animals… and they are driven by your generals, who are like the Crusaders and evangelists, to the slaughterhouse.” He also condemns the Iraqi political process, and those who speak falsely of being one of the mujahideen, trying to convince Muslims that the government is an attempt to apply Shari’a law.

Concerning the Mujahideen Shura Council, which appeared on the Iraqi land following the seeming disappearance of Zarqawi, he admits to “being one of them” and continues to hold title as the Emir of al-Qaeda in Iraq, part of the umbrella for the mujahideen in that state. “They all stretch their hands and stand on the same line,” Zarqawi argues. Other portions of the video show Zarqawi inspecting local areas, using a rocket with a range of 50 kilometers, and a final image of him firing an automatic weapon, and stating: “American will go out of Iraq, humiliated, defeated.”

A Full transcript of the video has been provided below:

In the name of Allah the most Gracious the most Merciful

Mujahedeen Shura Council of Iraq

Then fight in Allah’s cause thou are held responsible only for thyself and rouse the believers. It may be that Allah will restrain the fury of the disbelievers; for Allah is the strongest in might and in punishment (Alnisa’a:84)

O’ Banner’s holders stand,Where are the lions of Anbar?Where are the lions of Salah Aldeen?Where are Baghdad’s men?Where are the knights of Ninawah and the champions of Dyalah?Where are the courageous of Kurdustan?Where are you the lions of Monotheism?

Be fully aware of the apostate media sources.

I swear by Allah, that they have nothing with us except the sharp swords, and between them and us will only be the frightened nights.

I swear by Allah that America will be defeated in Iraq.

(Field commander is talking):

As for the developing and manufacturing, the brothers, by the grace of Allah have developed and improved two missiles in Alanbar province in particular.

(When missile was fired):Against the make ready your strength to the utmost of your power, including steeds of war, to strike terror into (the hearts of) the enemies, of Allah and your enemies, and others besides, whom ye may not know, but whom Allah doth know. (Alanfal:60)

A message for Mankind

(Osama)I focus this call to the young men of Islam; gather together in fighting the crusades and the Jews, and remember Allah at all times repeatedly, by Allah, it’s either victory or martyrdom. No one will surpass his fate, and he who ever turns out to be a martyr, his sole will freely be flying around the paradise as it wishes, close to the throne of Allah; what a great difference between being near his family and/or near his lord.O’ young men of Islam every where, especially those near the battles, where the obligation is further; O’ young men in Aljazeera, Egypt, and Sham; O’ siblings of Salah Aldeen, O’ knights of Mohammad Alfateh, continue your support to your brothers in Iraq, whereby the gravest of the wars is continues, and its fire is on the rise, the crusades have invaded them, killed thousands of them, and abducted thousands, whishing to eliminate them. And they are instead, by the grace of Allah, fighting the crusades patiently, giving up all they’ve got for the sake of Allah and in order to defend themselves. May Allah be with them and those who support them.

(Abu Musaab)All praise be to Allah granting might to his religion with his victory, lowering the infidels with his supremacy. Sorting circumstances by his order; Plotting for the disbelievers with his arrangement; He who alternated the days with his divine justice.And peace be upon who Allah raised the minaret of Islam with his sword.

My treasured nation,I am conversing to you not with falsehoods, hoping to find with you open ears and prudent hearts, for the honest man does not deceive his family.

The crusade enemy, when invaded Iraq, meant to control this nation and reinforce the Zionist state, from the Nile to the Euphrates. However, Allah granted your sons the Mujahedeen by standing firm before the strongest crusaders attack to the Islamic land.They stood strong against this attack for over three years, disbursing their soles and their wealth. They stood against this massive military, media, and economical attack not for anything except to defend you, your religion, your sons, and your honor.Allah dispersed the enemies’ gathering and their defeat became clearer to who ever has eyesight and prudent heart.Here are your sons, by the grace of Allah, indulging into one battle after another, and attack after attack; they by the will of Allah hold the upper hand in the battle field now.

If it wasn’t for the continuous and ongoing media muting, you would’ve seen the astonishing. By Allah it’s the championships and the victories coming to us, and you my nation should thank Allah for this great bounty, that Allah prepared a group of your sons the Mujahedeen defending you and protecting your honor, otherwise the Sunnah in Iraq would’ve been in between a revulsion crusade and a betraying Shiite. And the women of the Sunnah would’ve been on the laps of the revulsion crusades and the betraying Shiites; Abu Ghraib and the interior ministry jails remain memorable.

My treasured nation,We are in Iraq a stone throw from the Masjed Alaqsa, we fight in Iraq and our eyes are on Alqsa which will never be freed except with a guiding Quraan and a prevailing sword; “but enough is thy Lord to guide and to help” (Alforqan:31)

The history and experience had showed that you have no one after Allah except your Mujahedeen sons; they are your protection, your strong shield, and your beating heart. They become happy to your happiness and sad to your sadness; they stay up all night for your protection and have jealousy for you. Their hearts burst in sorrow for your state, and their tongues never stop chanting: O’ Allah elevate the state of humiliation and defeat away from my nation, O’ Allah bring back victory to my nation.

As for the American administration, and to its chairman the cross banner’s holder Bush, we say to him and to whoever is swimming in his space from the Jews and the crusades and form the Shiites and others, we say that you will never be safe in the Islamic land, and by Allah you will never feel secured so long we still have a beating nerve and a moving eyelash.Previously, our leader Osama Bin Laden may Allah protect him, had offered you a long truce. It could’ve been better for you and those who are with you if you’d have accepted, but your arrogance pushed you to refuse. Here you are today, running from east to west trying to find solutions “will not stand except as stands one whom the evil one by his touch hath driven to madness” (Albaqarah:275). You turned to be a grave liar, betraying your own people that everything is under control, and then soon everyone finds out about your lies and so on. You became like the one who’s treating himself from alcohol by alcohol. You were never at any time truthful with yourself or your people, although it’s found some truth in your great grandparents you are fully detached from.Why don’t you show the truth about your soldiers and their inferior state of struggle?Why don’t you tell your people about the continuous suicides amongst your soldiers?Why don’t you tell your people that your soldiers can never go to sleep unless they take the hallucinating and drugging pills? So they become like cattle driven by your war generals, the Neozionists, to the killing fate.Why don’t you tell your people about the congregational escape and the defiance among your troops?

Listen you grave liar and insolent one; your dreams will never come true, our blood and bodies are between you and your imaginings. And what is coming your way is much greater than what passed by the will of Allah.

The game of rotten democracy that you brought to Iraq, after you gave hope to people about freedom, happiness, and the economical/personal security; all of these lies went with the winds and will never come back by the will of Allah.

There we see you today, trying with all what you got to bring together the clusters, the parties, the partners from your tails to bring about a handicapped government that it might pull you out from your crucial pitfall.

We believe that any government you place in Iraq, whether be it from the betrayal Shiites or Zionist Kurds, or your tails from the Sunnah; it will only be an apostate government that will aid the crusades, and it came only to be a poisoned dagger stabbed in the heart of the Islamic Nation.

America learned today that its planes, tanks, momentous troops, and its tails from the Shiites army will never be able to finalize the battle with Mujahedeen. Therefore, it’s trying to surround the Jehad by pushing its tails from those who are counted to Sunnah, those who accepted to play the role and be a rope that tightens around the Sunnah’s necks and pull the Americans from their defeat. They used those who use the Islamic slogans as a mask to spread their masters’ propaganda on the importance of organizing the military and the police, and confuse the Muslims with their mixed messages injecting poison in honey, forgetting intentionally or not that every occupier throughout history used a cover up face from the occupied to use them in order to establish a solid base and embezzle the wealth of the country and its people.Allah has said: “And he amongst you that turns to them (for friendship) is of them” (5:51)That is by constituting for this life and the hereafter.And Allah has said: “for Pharaoh and Haman and (all) their hosts were Men of sin” (28:8)

Therefore, we repeat our warning to whoever is trying to reorganize and spread the military and the police forces, which was established only to be a tool for the occupier in their bigger plan, and to implement laws other than the law of Allah.Be extremely aware, those who join these apostate forces have nothing with us except the sharp swords, and between them and us will be nothing except grave days and nights.Allah has said;” Those who believe fight in the cause of Allah, and those who reject faith fight in the cause of evil: so fight ye against the friends of Satan: feeble indeed is the cunning of Satan” (4:76)

Having said the previous, and having mentioned the defeat of the enemy and his paraphernalia. The enemy is trying today to seduce two kinds of people to the alleged parliamentary game to harvest the fruits of the Mujahedeen whom only trying to make the word of Allah prevails.The first kind of which is the one trying to attach oneself with the Mujahedeen, although they never lived the Mujahedeen life nor they ever supported them at the occupation time. The second of which is those who had at the beginning the honor of fighting the crusades, however what counts is the end; their efforts won’t be accepted by the law of Islam unless they strive with action to make the word of Allah prevails, using what Allah lawfully guided us with, the clean means, not by using evil parliaments striving to have the word of Allah mixed with other man made constitutions and laws. The aim does not justify the means here.Although these two kinds, and whoever follows their footsteps, allege that they are trying with these parliaments to implement the law of Allah. However, the actions and the historical experiences oppose their myth. Anyone that is following the political map in Iraq knows that the majority of the parliaments’ members are from the Shiites and the atheists of Kurds and Sunnah, not to mention those of the mixed motion believes. Therefore, the heavy side in the balance of the parliaments will always be in the hand of evil.Allah has said: “beware of them lest they beguile thee from any of that (teaching) which Allah hath sent down to thee” (5:49)

And Allah has said: “Fast thou not turned thy vision to those who declare that they believe in the revelations that have come to thee and to those before thee? their (real) wish is to resort together for judgment (in their disputes) to the evil one, though they were ordered to reject him but Satan’s wish is to lead them astray far away (from the right” (4:60)

As for you patient truthful Mujahedeen, may Allah accept from you and us the best of deeds, and may Allah bless your Jehad. You were able by the will of Allah and his support to stop this crusades’ attack and you’ve bounded him with injuries. Thus, continue your Jehad and operations, and elevate your hits, it’s only the sign of victory and it’s the last breath of the cross worshipers in the land of two rivers. The low fighting self-esteem of the crusades’ soldiers is an only obvious sign in Iraq. Therefore, renew your intentions, and correct yourselves, and carry on together against your enemy. Your enemy is uncovered, by the will of Allah, weakened, unprotected, and broken in pieces. Do not give him a chance to take its breath, continue your stabbings one after the other, O’ Banner’s holders stand,

Where’s are the lions of Anbar?Where are the lions of Salah Aldeen?Where are Baghdad’s men?Where are the knights of Ninawah and the champions of Dyalah?Where are the courageous of Kurdustan?Where are you the lions of Monotheism?O’ siblings of Khaled and Muthananh, Saad and Meqdad and Salah Aldeen.Where are the immigrants? Where are the supporters?Where are the people of Surat Altawbah and Alanfal?Where are the people of Alfath and Alqital?

O’ leaders of this nation; who is for the crying women, who is for the jailed dignified women, who is for the purified women in the jails of the Shiites.O’ Allah, there is no life except the life of the hereafter, O’ Allah grant victory to immigrants and their supporters.

Be very aware from the embezzlers, with their masters the crusades, trying to surround you. Be aware and extremely aware from putting down your weapons, and then you will harvest nothing but the defeat, beat and crush in this life and the hereafter.You were always supplicating to Allah day and night to ease the way for you to join the Jehad in Afghanistan and Chechnya or other places. After that, Allah chose you for the trade of Jehad at your own land, and opened for you the doors of paradise. Be extremely aware of closing these blessed doors, be aware “And be not like a woman who breaks into untwisted strands the yarn which she has spun, after it has become strong”(16:92)

Do not let the trade of Jehad depart your land; otherwise you will be disgraced and you’ll be only ruled by the scum; “they set you hard tasks and punishments, slaughtered your sons and let your women folk live” (2:49)

“If ye turn back (from the Path), He will substitute in your stead another people; then they would not be like you” (47:38)

Finally, I glad tied the nation by establishing the Mujahedeen Shura Council of Iraq, which will be by the grace and will of Allah as the kernel for the establishment of an Islamic State, in which, the word of Allah prevails. All praise be to Allah, the efforts are being joined, and the hands are being extended and shaken for the obedience of Allah and his messenger and the Jehad in the cause of Allah. And this Council will be, by the will of Allah, an umbrella for every truthful Mujahed. I am honored to be one member of this blessed Council under its blessed leadership. At the same time remaining the Ameer (leader) of the Alqaeda Organization in the land of two rivers (Iraq).

The servant of Jehad and Mujahedeen, glorifying Allah, your brother Abu Musaab Alzarqawi.Friday, 23 Rabii Awal 1427,April 21, 2006.

All praise be to Allah.

(One of the commanders in Anbar speaking)

In the name of Allah the most gracious the most merciful, and peace be upon our prophet Muhammad his family and companions.

I welcome our beloved sheikh in the land of Anbar, the land of Jehad. And we ask Allah to keep it a thorn in the eyes of the disbelievers.

I would like to inform about the great victory in the battles of Ramadi, killing many of the disbelievers and taking over the center and headquarter of the infidels.Taking over the city for several days, preventing the crusades from even coming near it.And this operation was a clear message against the visit by the infidels’ ambassadors ( Rice and Straw).In general, the self esteem of the Mujahedeen is high, in opposite to the infidels whom are always in continuous deterioration.

As for the developing and manufacturing, the brothers, by the grace of Allah have developed and improved two missiles in Alanbar province in particular, that will be used soon, one has the ability to travel 40km with a 50kg warhead, here’s a picture of it…

Then fight in Allah’s cause thou are held responsible only for thyself and rouse the believers. It may be that Allah will restrain the fury of the disbelievers; for Allah is the strongest in might and in punishment (Alnisa’a:84)

And the other is anti armored vehicles, is carried on the shoulder and has been internally modified to penetrate armored vehicles, and here’s a picture of it.

“It is part of the mercy of Allah that dost deal gently with them. Wert thou severe or harsh hearted, they would have broken away from about thee: so pass over (their faults), and ask for (Allah\’s) forgiveness them in affairs (of moment). Then when thou hast taken a decision, put thy trust in Allah. For Allah loves those who put their trust (in him” (3:159)

If Allah helps you, non can overcome you: if he forsakes you, who is there, after that, that can help you? in God, then, let believers put their trust (3:160)

Sheikh Ayman Alzahahre’s voice:O’ Islamic Nation, the turf of Iraq now is the most dangerous field of Jehad in this century. Therefore, the nation must support the courageous Mujahedeen that are fighting in the very forefront defending the honor of Islam and its dignity.

Sheikh Abu Musaab: by Allah, American will be defeated in Iraq, by the will of Allah, and it’ll leave Iraq humiliated, crushed, and defeated by the will of Allah.

Tuesday, January 15, 2008

The Bush administration officially notified Congress Monday of its intention to sell sophisticated precision-guided bombs to Saudi Arabia. The action, coinciding with President Bush’s visit to Saudi Arabia, is part of a broader U.S. effort to bolster Gulf allies in the face of a more assertive Iran. VOA’s David Gollust reports from the State Department.

The Bush administration has already briefed Congress on its arms sales plans for Saudi Arabia. Monday’s announcement sets in motion a 30-day period in which the House and Senate can block the plan with a joint resolution – an action that appears highly unlikely.

Under the proposed deal, worth more than $120 million, the United States would provide Saudi Arabia with 900 kits and associated equipment to convert conventional gravity bombs into GPS-guided smart-bombs, known as JDAMs.

The weapons are a mainstay of the U.S. military arsenal and their accuracy would vastly enhance the capability of the Saudi Air Force, which has top-of-the-line U.S.-made fighter-bomber aircraft.

The sale is part of a broader $20-billion arms package for Saudi Arabia and other Gulf states announced by Secretary of State Condoleezza Rice and Defense Secretary Robert Gates last August on a mission to the Gulf, aimed at shoring up U.S. allies concerned about Iranian influence in the region.

Several elements of the broader package including sales of Patriot anti-missile systems to Kuwait and the United Arab Emirates, and upgrades for Saudi Arabia’s AWACS airborne command and control planes, have already gotten congressional assent. Officials here say they also expect the Saudi J-DAMS sale to proceed despite concerns expressed by some congressional supporters of Israel.

At the time the Gulf weapons sales package was announced last year, the Bush administration also committed to a 10-year, $30-billion arms package for Israel, representing a 25 per cent increase in annual U.S. arms aid to that country.

Briefing reporters, State Department Spokesman Sean McCormack said the administration has assured Congress it would do nothing to upset Israel’s military edge over potential enemies in the region.

“We’ve spent a lot of time assuring that we abide by our commitments to a qualitative military edge for Israel,” said Sean McCormack. “This is something that President Reagan first talked about and it’s been reiterated and reconfirmed by each successive president after that. We’re committed to maintaining that qualitative military edge for Israel.”

Israel itself has not protested the pending sale. Israeli officials have said they anticipate being provided with a new-generation U.S. smart bomb more capable than J-DAMS, which have been in service for more than a decade.

A spokesman for House Foreign Affairs Committee Chairman Tom Lantos, a prominent advocate for Israel in Congress, said he does not intend to push a resolution of disapproval.

However one House member, New York Democrat Anthony Weiner, said he would introduce such a measure and already has more than 30 co-sponsors.

Critics of the package have faulted Saudi Arabia’s record in combating terrorism and advancing political reform. Under questioning here, Spokesman McCormack said the Saudi government has made “quantum leaps” in action against terrorist cells and financing in recent years and has begun the process of reform, though not necessarily at a pace that would please some critics.

Two-thirds majorities of the members in both houses would be required to block the sale and officials here say chances for that appear nil.

Saturday, January 28, 2006File:TragediaKatowice06.jpg

The roof of a trade hall in Metropolian Katowice (district Chorzów and Katowice), Poland has collapsed. Officials said there are at least 67 fatalities and at least 160 people were injured. More than 125 people are still believed to be trapped inside the building.

“Luckily nothing happened to me, but I saw a macabre scene, as people tried to break windows in order to get out. People were hitting the panes with chairs, but the windows were unbreakable. One of the panes finally broke, and they started to get out by the window,” said survivor Franciszek Kowal.

Victims have been transported to hospitals in the mining area.

The trade hall was holding a pigeon exhibition [1] and the collapse is believed to have been caused by large amounts of snow on the roof. At least 500 people were believed to be inside when the roof collapsed.

Jaroslaw Wojtasik a spokeman for the Katowice fire brigade said, “the weight of snow likely caused the roof to cave in at about 5:30 p.m., less than two hours before the event was scheduled to close for the evening.”

“From our crisis centres, we have found there are about 20 fatalities. We don’t know if foreigners are among them,” said Andrzej G?ska, spokesman for the regional police department.

Rescuers are concerned that people trapped may die from hypothermia due to the freezing temperatures (currently about -15 degrees Celsius in Chorzów ).

People standing outisde the building were helping rescuers and those that were injured into emergency vehicles.

Thursday, August 23, 2012

Yesterday, 1964 Summer Paralympic swimmer Trevor French died. News of his death was shared with Wikinews through the Australian Tax Office and Tony Naar of the Australian Paralympic Committee.

French, who lived in Penrith, New South Wales, was one of fifteen athletes to compete at Australia’s second Paralympic Games in 1964 in Tokyo when he won a silver medal in the men’s 25 metre freestyle event. It was the only medal he earned at the Games and one of 30 Australia earned that year. In 2000, his medal was displayed at the Our Sporting Heritage exhibition at the Arms of Australia Inn Museum.

His legacy of participation can be seen in the upcoming 2012 Summer Paralympics in London. Australia are sending 161 athletes to the Paralympics this year. The Paralympic team is expected to finish the Games having earned the country’s one thousandth medal.

Thursday, June 19, 2008

Buffalo, New York —Judge Justice Christopher Burns of the New York State Supreme Court has ordered a halt to an emergency demolition on a 19th century stable and livery on 428-430 Jersey Street in Buffalo, New York that partially collapsed on Wednesday June 11, initially causing at least 15 homes to be evacuated. At least two homes remain evacuated.

Burns orders that both the city and the group Save The Livery (www.savethelivery.com) have to come to an agreement on what to do with the building, and try to work out ways of saving at least some portions if it including the facade, side walls and a lift tower. Save The Livery is comprised of concerned area residents who have grown to love the building’s historic and unique character. On June 14, they won a temporary restraining order to stop demolition. The court ruled that the city was only allowed to remove material in immediate danger to residents and pedestrians, but stated that the demolition could only be performed with “hand tools.” The court also ordered that any rubble which had fallen into neighboring yards when the building collapsed, to be removed.

“It is in the interest of the city to have a safe environment–but also important to maintain a sense of historical preservation,” stated Burns in his ruling. Burns has given the sides until tomorrow (Friday June 20) to come to an agreement and has ordered both parties to return to court at 9:30 a.m. (eastern time) “sharp.” Activists of Save The Livery urge supporters of the stable to “fill the courtroom” to show “continued and ongoing support.” The hearing is scheduled to take place at 25 Delaware Avenue in the Supreme Court building, 3rd Floor, trial part 19.

Currently the building is owned by Bob Freudenheim who has several building violations against him because of the buildings poor condition. He has received at least five violations in three months and residents who live near the building state that Freudenheim should be “100% responsible” for his actions. Many are afraid that if the building is demolished, Freudenheim’s charges of neglect will be abolished.

On June 17, developer and CEO of Savarino Companies, Sam Savarino was at the site of the stable, discussing the building with residents and preservationists. In 2006, Savarino proposed and planned The Elmwood Village Hotel, a ‘botique’ hotel on the Southeast corner of Elmwood and Forest Avenues. The project was later withdrawn after residents filed a lawsuit against Savarino and the city. Wikinews extensively covered the story, and contacted Savarino for his professional opinion on the building.

“[I would] love to see it preserved. I was there to see if there was anything we could do to help, to see if anything can be salvaged. I just want to see the right thing happen, and so does the city,” stated Savarino to Wikinews who added that he was allowed inside the building for a brief period.

“The side walls are beyond repair. The roof has rotted and it could come down at any time,” added Savarino who also said that the building “below the second floor appears to be stable.” He also states that the back wall of the building, which borders several homes, appears to be intact.

“Eliminating the back wall could be a problem for the neighbors. It is not unreasonable to leave at least 12 feet” of the back wall standing, added Savarino.

Savarino did not say if he was interested in buying the property, but did state, “I am sure there are a couple of people interested” in buying the property. On Thursday, Buffalo News reported that a “businessman” might be interested in purchasing the property, though Wikinews is not able to independently confirm the report. Savarino says that with the property still slated for emergency demolition, a potential buyer could face tax fees of nearly US$300,000.

Freudenheim gave the city permission to demolish the building on Thursday June 12 during an emergency Preservation Board meeting, because he would not be “rehabilitating the building anytime soon.” Freudenheim, along with his wife Nina, were part-owners of the Hotel Lenox at 140 North Street in Buffalo and were advocates to stop the Elmwood Village Hotel. They also financially supported a lawsuit in an attempt to stop the hotel from being built. Though it is not known exactly how long Freudenheim has owned the stable, Wikinews has learned that he was the owner while fighting to stop the hotel from being built. Residents say that he has been the owner for at least 22 years.

The building was first owned by a company called White Bros. and was used as a stable for a farm which once covered the land around the building for several blocks. The Buffalo Fire Department believes the building was built around 1814, while the city property database states it was built in 1870. Servants and workers of the farm were housed inside resident quarters situated at the rear of the building on what is now Summer Street, but are now cottages where area residents currently reside. Some date as far back as 1829.

At about 1950, the stable was converted into an automobile body shop and gasoline station.A property record search showed that in 1950 at least four fuel storage tanks were installed on the property. Two are listed as 550 square feet while the other two are 2,000 square feet. All of the tanks are designated as a TK4, which New York State says is used for “below ground horizontal bulk fuel storage.” The cost of installing a tank of that nature according to the state, at that time, included the tank itself, “excavation and backfill,” but did not include “the piping, ballast, or hold-down slab orring.” It is not known if the tanks are still on the property, but residents are concerned the city was not taking the precautions to find out.

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.”