KKE: Interview with the Greek Communist Party

Thursday, May 13, 2010

Wikinews reporter Iain Macdonald has performed an interview with Dr Isabella Margara, a London-based member of the Communist Party of Greece (KKE). In the interview Margara sets out the communist response to current events in Greece as well as discussing the viability of a communist economy for the nation. She also hit back at Petros Tzomakas, a member of another Greek far-left party which criticised KKE in a previous interview.

The interview comes amid tensions in cash-strapped Greece, where the government is introducing controversial austerity measures to try to ease the nation’s debt-problem. An international rescue package has been prepared by European Union member states and the International Monetary Fund – should Greece require a bailout; protests have been held against government attempts to manage the economic situation.

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Kelvin Lopez

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Filled Under: Finance
US Federal Reserve prepares to take over AIG

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.

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News briefs:January 06, 2008


  • 1 Wikinews News Brief 06 Jan 07 1800 UTC
    • 1.1 Introduction
    • 1.2 Nevada, Northern California struck by massive storm
    • 1.3 2008 Dakar Rally cancelled over terrorist threat
    • 1.4 Baby attacked by dog in New York
    • 1.5 Former Indonesian president, Suharto in critical condition
    • 1.6 President Bush urges progress on Palestinian state; Israel to welcome President Bush with ‘open arms’
    • 1.7 Extremist group claims responsibilty for killing of American diplomat in Sudan
    • 1.8 Lakota Freedom Delegation says spokesman Russell Means ‘hijacked’ organization
    • 1.9 Kucinich suggests tonight’s Democratic debate unfair, files FCC charges versus ABC
    • 1.10 Childhood pneumonia can be cured at home
    • 1.11 Queen voted Britain’s greatest band
    • 1.12 London Knights trade Steve Mason to Kitchener Rangers
  • 2 Footer


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Apple introduces iPhone and Apple TV

Wednesday, January 10, 2007

Apple Inc. today has introduced the much-anticipated iPhone at the Macworld Conference in San Francisco.

The iPhone is claimed to be “a revolutionary mobile phone” as stated on the Apple website. The device appears to be running a mobile version of the Apple operating system Mac OSX. It is approximately the same size as a 5th generation iPod, it has a 3.5-inch LCD touchscreen display that is used to access all features of the phone including number dial, as well as making phone calls. The iPhone plays music, movies, displays pictures and is able to connect to a wireless network.

Apple CEO Steve Jobs unveiled the device by walking onto the stage and taking the iPhone out of his jeans pocket. During his 2 hour speech he stated that “Today Apple is going to reinvent the phone, We are going to make history today”.

Today Apple also released their Media Center device – Apple TV. It will directly compete with Microsoft’s Media Center operating system. Apple has taken a different approach to the media center market; rather than storing content (such as movies, music and photos) on the device, Apple TV connects to a computer (Mac and Windows) over a wirless network connection and plays all content stored on that computer. This makes it substantially easier for users to organize their media content.

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byAlma Abell

Your mattress is much more than just a place to lay your head at night. According to many chiropractors and doctors in Des Moines, any medical conditions or back and neck pain issues you have should guide your mattress selection if you want the best night’s sleep possible. Whether you have arthritis or insomnia, keep reading for tips on finding mattresses in West Des Moines, IA that will help improve the quality of your sleep.

Insomnia Sufferers

According to the Better Sleep Council, insomnia often plagues couples because of a lack of space, not because of the construction or quality of their mattress. If you share a bed with a partner and find the quality of your sleep is poor, try upgrading to a larger mattress. Depending on the position you sleep in, queen or king-sized mattresses in West Des Moines, IA should be large enough to accommodate two people comfortably.

Lower Back Pain Sufferers

Those who suffer from chronic lower back pain should look for plenty of support from their mattress. Usually, this means a firmer mattress with stiffer padding that will stop the lower back from sinking into the mattress too deeply. According to a study published in Pain magazine, waterbeds may also help ease lower back pain if a firmer mattress fails to do so.

Upper Back Pain Sufferers

Unlike those who suffer from lower back pain, upper back pain sufferers typically fare better with a softer, padded mattress. This is because the extra cushioning provides better support for the head and neck. Look for a pillow-top mattress or a bed made of soft memory foam.

Arthritis Sufferers

According to Dynamic Chiropractic, the all-over joint pain associated with arthritis is best helped by a high-end mattress and box spring that provides both superior support and ample cushioning. The goal is to ease stress on the joints by dispersing body weight evenly. If you suffer from arthritis or another chronic pain disease, it’s important not to skimp when you purchase a mattress. Low-quality or bargain mattresses may only make your symptoms worse.

If you have chronic medical conditions or pain issues, you should choose a mattress that will help ease your symptoms. Talk to your dLess.com to find the right mattress for your budget.

California governor Schwarzenegger vetoes smoking ban in parks

Tuesday, May 4, 2010

California governor Arnold Schwarzenegger vetoed a bill that would ban smoking in California state parks and beaches, insisting that the bill would not help curb littering at parks and beaches.

California senator Jenny Oropeza, a Democrat and author of the bill, stated this is “already being done at more than 100 local cities and counties statewide.”

Oropeza wrote in a statement, “I’m sorry the governor did not agree with this widely supported effort to increase public awareness about the environmental threats carelessly tossed cigarettes are doing to our marine life and to the great outdoors”

The bill, called Senate Bill 4, would have allowed for a US$100 for potential violators.

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Christian church leader kidnapped in Pakistan

Christian church leader kidnapped in Pakistan
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Friday, December 14, 2007

On the eve of December 7, 2007 Dr. Reginald Humayun, a Christian doctor working for Pennell Memorial Christian Hospital in Bannu, Pakistan, was kidnapped along with his driver while returning from a trip to Dera Ismail Khan.

The doctor, a medical superintendent at that hospital, was also the General Secretary of the Church of Pakistan. The All Pakistan Minority Alliance, the Church of Pakistan and the Christian community as a whole have appealed to the Government to expedite efforts for the doctor’s safe recovery.

Dar Ali Khatak, leading the investigation by the Bannu Police has expressed deep concerns and vows to find the hostages though until now no progress has been seen. With the recent state of politics in Pakistan, it is becoming increasingly difficult for those who are providing humanitarian services.

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Pfizer and Microsoft team up against Viagra spam

Pfizer and Microsoft team up against Viagra spam
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Sunday, February 13, 2005

New York –”Buy cheap Viagra through us – no prescription required!” Anyone with an active email account will recognize lines like this one. According to some reports, unsolicited advertisements (spam) for Viagra and similar drugs account for one in four spam messages.


Spamming remains one of the biggest problems facing email users today. While users and systems administrators have improved their defenses against unsolicited email, many spammers now insert random words or characters into their letters in order to bypass filters. The Wikipedia article Stopping email abuse provides an overview of the various strategies employed by companies, Internet users and systems administrators to deal with the issue.

Ever since pharmaceutical giant Pfizer promised to cure erectile dysfunction once and for all with its blue pills containing the drug sildenafil citrate, spammers have tried to tap into male anxiety by offering prescription-free sales of unapproved “generic” Viagra and clones such as Cialis soft tabs. Legislation like the U.S. CAN-SPAM act has done little to stem the tide of email advertising the products.

Now Pfizer has entered a pledge with Microsoft Corporation, the world’s largest software company, to address the problem. The joint effort will focus on lawsuits against spammers as well as the companies they advertise. “Pfizer is joining with Microsoft on these actions as part of our shared pledge to reduce the sale of these products and to fight the senders of unsolicited e-mail that overwhelms people’s inboxes,” said Jeff Kindler, executive vice president at Pfizer.

Microsoft has filed civil actions against spammers advertising the websites CanadianPharmacy and E-Pharmacy Direct. Pfizer has filed lawsuits against the two companies, and has taken actions against websites which use the word “Viagra” in their domain names. Sales of controlled drugs from Canadian pharmacies to the United States are illegal, but most drugs sold in Canada have nevertheless undergone testing by the U.S. Food and Drug Administration. This is not the case for many of the Viagra clones sold by Internet companies and manufactured in countries like China and India. While it was not clear that CanadianPharmacy was actually shipping drugs from Canada, Pfizer’s general counsel, Beth Levine, claimed that the company filled orders using a call center in Montreal, reported the Toronto Star.

For Microsoft’s part, they allege that the joint effort with Pfizer is part of their “multi-pronged attack on the barrage of spam.” As the creator of the popular email program Outlook, Microsoft has been criticized in the past for the product’s spam filtering process. Recently, Microsoft added anti-spam measures to its popular Exchange server. Exchange 2003 now includes support for accessing so-called real-time block lists, or RTBLs. An RTBL is a list of the IP addresses maintained by a third party; the addresses on the list are those of mailservers thought to have sent spam recently. Exchange 2003 can query the list for each message it receives.

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Wikinews 2014: An ‘Original reporting’ year in review

Wikinews 2014: An ‘Original reporting’ year in review
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Wednesday, December 24, 2014With the English-language Wikinews continuing to increase the amount of original content published, we take a look back at some of the eighty-plus original reports from our contributors during 2014.

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