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Monday, October 15, 2007

Sam Brownback is perplexed. The U.S. Senator from Kansas and Presidential candidate is a Republican whose politics—he is against marriage for gay people, he is against abortion, and he has a clean image in a party tainted by scandal—should speak favorably to the party’s base. But it has not. “I’m baffled by that myself,” Senator Brownback told Wikinews reporter David Shankbone. “We haven’t been able to raise money.”

A recent poll in Iowa has put him in eighth place, with 2% supporting his campaign. “If we don’t finish fourth or better in Iowa…we’ll pull out.”

Senator Brownback’s relationship with God infuses almost every answer you find below. Although he doesn’t feel “competent” to explain why God would dislike gays, he does feel strongly that allowing two men or two women to enter into the union of marriage will destroy it for heterosexuals. Pointing to the research of Stanley Kurtz at the Hoover Institution, Brownback asserts that Northern Europeans have “taken the sacredness out of the institution.”

In the interview, Senator Brownback discusses the tug-and-pull that befalls him when his constituents show up at his office and say, “Look, I’m a conservative, but we need this bridge, we need this subsidy, we need this hospital.” Brownback feels this spending system needs to be changed; however, when it comes to energy policy, Brownback is there for his constituents. David Shankbone asked the Kansas Senator, a supporter of cellulosic ethanol, why he doesn’t support the lowering of tariffs on sugar since sugar ethanol delivers 8 times the energy output of cellulosic ethanol. Brazil, in particular, has become energy independent because of its sugar ethanol program. It’s cheaper to produce, and there is vastly more bang for the buck in sugar fuel than in corn fuel; an entire country no longer needs to import oil because of it. Federal tariffs currently make sugar ethanol too expensive in the United States. “You’re going to kill the ethanol industry here just as it gets going,” was Senator Brownback’s response. However, there is a debate over whether the process to make corn ethanol uses more energy than the ethanol itself produces.

Below is David Shankbone’s interview with Senator Sam Brownback.

Tuesday, April 25, 2006File:Tu 16019.jpg

A senior Russian air force commander has claimed that new, upgraded Tu-160 bomber aircraft were unchallenged by US air defense systems when they penetrated a radar zone near the Canadian coast in US territory during an April training exercise, reports the Russian news agency RIA Novosti.

Commander of Russia’s long-range strategic bombers, Lieutenant General Igor Khvorov said that the bombers successfully carried out four mock Tu-95MS cruise missile launches, 200 mock bombings, and 53 mock sorties during the exercise. The RIA Novosti reported that the United States Air Force is currently investigating how the Tu-160’s escaped detection.

Lieutenant General Igor Khvorov said, “They were unable to detect the planes either with radars or visually.”

Khvorov denies any link of the tests to the current US-Iranian tension, saying, “Of course, our exercises did not have anything to do with the situation in Iran, but their organization indirectly echoed in that region.”

The Tupolev Tu-160 is a strategic bomber introduced in 1987. It resembles the North American B-1B Lancer, but is larger and faster, being powered by four NK-32 afterburning turbofans, the largest in any combat aircraft. It is not considered to be a stealth aircraft due to its exposed engine inlets and broad wing gloves.

According to Khvorov over the course of this year, two additional Tu-160s will be commissioned for the long-range strategic bomber fleet with the numerous upgrades, including the ability to launch cruise missiles, aviation bombs, and satellite communication.

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Wednesday, October 3, 2007

Prior to the October 8 global launch of the political documentary film “Why Democracy?”, Public Television Service Taiwan (PTS Taiwan) held a preview seminar and invited some professionals at Eslite Bookstore Tung-nan Branch, Taipei City today.

“Because we noticed on the importance of the democratic process in Taiwan, PTS Taiwan imported this series film from Netherlands. I hope that citizens, governmental level, and academic professionals in Taiwan can learn some experiences from the series movie.” Yuan-huei Hu said. “Without democracy, Teng-hui Lee and Shui-bian Chen won’t be the elected President of the Republic of China.” Ron Chen remarked at opening.

At the Executive Panel, Thomas Peng pointed out problems of politics and democratic process in Taiwan, and mentioned the disadvantage such as bribery at voting and process of a election on the movie “Please Vote For Me” ever happened in Taiwan. “Democracy has its advantage or not.” Peng said. “A leader should play a suitable role after elected by supporters with their anticipation and understand what they need.” Chi-chang Hung said.

Even though the documentary film Please Vote For Me is directed by Wei-jun Chen (Producer of Wuhan Television), but due to the political problem, this film is available world-wide except China. “If we review this film without political factor, this series film exposed some experiences and problems in some of democratic countries.” Wen-tang Cheng (Film Director in Taiwan) mentioned after the highlights played at the seminar.

“This series film will be suitable for persons who has a great expect on politics and democracies in Taiwan. Governments in Taiwan should learn some valuable experiences from this series film whether those experiences are good or not. If governmental person can understand those meanings in this film, politics and democracy in Taiwan will have a good process.” Chien-jen Tsai (Chief Editor of Taiwan Lihpao) said at Executive Panel.

After the seminar, PTS Taiwan predicted that more than 300 million people in 200 countries will watch this series film and attract some discussions and topics on politics and democracy. The two sponsors of this series film are Taiwan Competitiveness Forum and New Taiwanese Cultural Foundation.

Tuesday, August 22, 2006

Numerous men have been charged in Canada and the United States with various crimes related to a plot to arm the Tamil Tigers who are listed as a terrorist organization in both countries. Some are accused of plotting to buy surface-to-air missiles and AK-47 rifles that would have been sent to the Tamil Tigers in Sri Lanka. Eight people, including three Canadian citizens, were charged in Brooklyn, New York yesterday with various offences. At the same time the Royal Canadian Mounted Police arrested a 26-year-old in Ontario in relation to the plot. He faces extradition to the United States.

Charges against the nine include fundraising and money laundering through US bank accounts and charitable organizations for the Liberation Tigers of Talim Eelam, or Tamil Tigers, who have been fighting the Sri Lankan military in a civil war since 1983.

Two of the men allegedly tried to bribe undercover US State Department officials with $1 million in order to remove the Tigers from the official list of terrorist organizations which bars the group from raising money, obtaining weapons or lobbying. A more extensive investigation ensued involving the Federal Bureau of Investigation’s Joint Terrorism Task Force.

The RCMP was brought in when the FBI learned of a Canadian allegedly being involved. Ultimately, the three Canadians arrested in the United States are accused of travelling to New York to purchase the military equipment including 50 to 100 SAM missiles, assault rifles, truck mounted missiles, aerial vehicles for jamming radio transmissions and radar, submarine design software as well as flight lessons and military training.

Wednesday, April 1, 2009

According to the payroll services company ADP, United States private sector employers cut 742,000 jobs in in March. The figures were almost 80,000 more than the average analyst prediction of 663,000 losses. This is the largest monthly payroll decline since January 2001, when the ADP began tracking job activity.

ADP also updated its job loss statistics for February, from 697,000 to 706,000.

“The sharp employment declines among medium- and small-size businesses indicate that the recession continues to spread aggressively beyond manufacturing and housing-related activities to almost every area of the economy,” said Joel Prakken, the chairman of the company that conducts the ADP survey, Macroeconomic Advisors LLC.

“Despite some recent indications that stock prices, consumer spending, and housing activity may be bottoming out, employment, which usually trails overall economic activity, is likely to remain very weak for at least several more months,” he added.

The US Labor Department‘s report for employment statistics for March is due to be out on Friday. Analysts predicted that the department will announce the unemployment rate increased to 8.5% with 660,000 jobs eliminated in March. However, the bad news from ADP has prompted some to think that the current forecasts are too optimistic.

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.”

Saturday, July 9, 2005

After a press conference in London from the Metropolitan Police and Transport for London, more details are emerging about the attacks in London on Thursday.

Data from the Underground system’s power and control systems have revealed that all three bombs went off within 50 seconds of each other, at 8.50am, with the managing director of Transport for London, Tim O’Toole saying the bombs went “bang bang bang, very close together”.

The first bomb to detonate was on the Liverpool Street train soon after it left for Aldgate on the Circle line, seconds before the others. The blast tripped out the power system, visible in the control room. The first call the police received that morning reported “a bang” at Aldgate East, coming within a minute of the blast.

The Edgware Road train, leaving for Paddington and also on the Circle, exploded opposite a train coming from the other direction, making people think at first that it was a derailment. The first call to the Police spoke not of an explosion, but of a person falling under the wheels of the train. The confirmation of a bomb did not come until 9.17am, but by that time the emergency services were already on scene.

Transport for London’s new TrackerNet software is fully opertational on the Circle line, which allows for precise tracking of trains, but is not yet fully installed on the Piccadilly line. The first indication of the Piccadilly line bomb was when the tunnel telephone system wires were cut by the blast, an event logged by other software. The cutting of the lines then tripped out the track current. The tunnel itself suffered only slight damage and is safe, but the train – which was packed with commuters heading for Russell Square – is very badly damaged.

London Underground declared a ‘code Amber’ within minutes, moving trains to platforms and opening all doors. A ‘code Red’ – full evacuation – was set at around 9.15am. O’Toole described the decision to evacuate as being “very grave, not taken lightly”. When questioned as to whether everything possible had been done on the day to save lives, the managing director of Transport for London was “very proud” of the choices made that morning.

As investigations continue, all bodies have been removed from the sub-surface Circle line trains, but the carriages themselves are still in situ while a painstaking forensic investigation takes place.

Currently, work is on-going to retrieve bodies and forensic evidence from the carriage of the train in the deep tunnel of the Piccadilly line near King’s Cross. Teams of rescue workers looking for human remains are working alongside forensics experts in a “meticulous” search to find evidence.

Conditions are described as being very difficult, with high temperatures and lots of dust. Work was halted over Friday night when conditions became too bad, and resumed this morning. Efforts have been made to improve the ventilation.

Work will continue throughout tonight and possibly into Sunday. The exact number of bodies still in the wrecked carriage is unknown.

Access from King’s Cross is impossible, so workers are taking the longer route from Russell Square station to get to the front of the train.

Police have revealed that the bombs were ‘high explosives’ – not homemade. However they are declining to be specific about their composition as the information could be useful when they interrogate suspects.

Police will not confirm or deny if any parts of a timer have been found, but have said that “any device will now be in a million pieces”. Police believe the use of timers more likely than suicide bombings as the blasts were so closely timed, but are not ruling out anything.