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Ireland’s Occupy Dame Street, Occupy Waterford camps cleared

Saturday, March 10, 2012

Occupy protests in two Irish cities have been cleared in the last two days. Dublin’s Occupy Dame Street was cleared by police while the local council cleared the abandoned Occupy Waterford site.

The early hours of Thursday saw the Dublin site raided and cleared by Gardai (police). Gardai cited health and safety concerns over the camp, with St Patrick’s Day festivities planned. Irish tourism minister Leo Varadkar previously called it “disappointing” the campers would not move while the celebrations were ongoing. “I understand they feel very strongly about their politics but I’m sure they don’t want to damage the festival,” Varadkar said.

“[Our] priority is to ensure that all of St Patrick’s Day events and celebrations pass off smoothly and that all participants and the large crowds of spectators at the parade can access and egress the parade route without a risk or threat to their health and safety,” said a Garda statement. They claimed to have asked for “assistance and co-operation, however this was not forthcoming,” and said it took hours to clear the site. The clearance began at 3:30 am local time.

A single arrest was made but the individual was released without charge. Around 100 officers cleared the site, which almost filled the plaza before the Central Bank. Cleaners later cleared all signs of the camp. It had been in place since October, but pallets and solid structures replaced the usual tents of Occupy protests earlier this year in response to local weather. Fifteen people who had been staying overnight were removed.

“We are not stopping any time soon, it’s all hands on deck now, we are going to carry on”, vowed protestor Saoirse Bennet, who was on-scene when police arrived.

Waterford City Council yesterday dismantled the empty camp in their city while Gardai looked on. The quayside protest was abandoned after internal disputes; only two youths and a homeless person were found in the 5:30 am raid, but at one stage the protest had 40 residents. Gardai took the youths “home to their parents,” said a spokesman. “The people we found there had nothing to do with Occupy Waterford.” Needles and drugs were found, but nobody was arrested.

Occupy Galway may be the next to go: After months of tolerance, Galway City Council have claimed “serious health and safety concerns” justify legal eviction proceedings if the camp does not pack up voluntarily. John Walsh of Occupy Galway said the camp was lawful and would remain.

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Borneo bridge collapse kills at least three as vehicles fall

Saturday, November 26, 2011

At least three people died today and seventeen more were injured after a road bridge collapsed on the Indonesian island of Borneo. At least three cars, several motorbikes, and a public bus all fell into the Mahakam River.

The bridge was constructed from concrete roughly a decade ago to resemble California’s Golden Gate Bridge, and links the East Kalimantan towns of Tenggarong and Samarinda. Police say there is no indication of why it failed. Completed in 2001, work started in 1995 and locals called it “Kalimantan’s Golden Gate Bridge.”

The wounded have been hospitalised, some with broken bones. The scene at the bridge, in Kutai Kartanegara district, was filled with screams in the aftermath of the collapse. The suspension bridge was erected by state-owned builders PT Hutama Karya and one segment has fallen into the water. Some vehicles are close to entirely submerged, and Indonesia Today suggests as many as 100 people may be injured. One damaged car was left inverted and suspended above the water.

Harmoni Adi, head of a search and rescue agency, said “[t]he death toll is likely to increase,” after the 4:30pm local time collapse, with rescuers in Tenggarong searching the river for survivors. Some people swam ashore after falling from the structure, which spanned 700 metres. An eyewitness described heavy traffic on the bridge when it came down.

 This story has updates See Borneo bridge collapse: death toll reaches four, many remain missing, November 27, 2011,Death toll from Borneo bridge collapse reaches eleven, November 28, 2011 
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Restrictions imposed in China textile trade with U.S.

Saturday, May 21, 2005

In an effort to ease complaints by the U.S. and Europe about a heavy influx of low priced Chinese goods, China will raise export tariffs on 74 categories of textile products in June. This follows plans from the U.S. to impose quotas on Chinese textiles and clothing.

Products likely to see an increase from the Chinese move include synthetic fiber shirts, trousers, knit shirts and blouses, cotton shirts, and combined cotton yarn. Last week, similar restrictions were imposed by the U.S. on cotton trousers, knit shirts, and underwear. Currently, a 2.5 cent charge per item is imposed; the new tariff will raise this to the equivalent of 12 cents per piece now. While this is a fourfold increase, it is not expected to affect consumer prices. Because of this, some doubt the tariff will have any effect on correcting the trade imbalance.

This move is in response to U.S. trade quotas imposed due to concerns that increased Chinese goods would put U.S. textile manufacturers out of business. According to Auggie Tantillo, executive director of the American Manufacturing Trade Action Coalition, a textile industry group in the U.S., the move will preserve 10,000 U.S. jobs. The new U.S. trade quota will limit the growth of Chinese textile imports to 7.5 percent compared with shipments over the past year.

Prior to January 1, a global quota system helped regulate the trade. With the quota system gone, fears have arisen that a flood of Chinese goods could undercut U.S. competitiveness in the market. China is able to market its goods cheaply due to an artificially weak yuan. The U.S. Treasury criticized the China yuan policy as “highly distortionary”, posing a major risk to China’s economy itself and to global economic growth. They challenged China to revalue its currency to bring it to a level they believe will allow fairer competition between global manufacturers.

China has disputed the charges of the U.S. Treasury. Chinese Commerce Minister Bo Xilai said, “I believe they are not reasonable”.

Laura Jones, a representative of large retailers, also criticized the move, saying “These restrictions on imports from China will do absolutely nothing to help the U.S. textile industry — and the government knows it.”

China has seen a boom in economic growth in recent years due to growing trade surpluses with the West, but economists worry that the trade gap will cause longer term global economic problems. China’s textile and apparel exports are the most noteworthy example, with exports up over 1,000 percent in some categories this year and the rapid loss of marketshare and jobs by U.S. textile manufacturers.

Beginning in 1978, the Chinese economy has been transforming from a Soviet-style centrally planned economy to more of a free market style system, under the rigid political control of Communist Party of China.

To this end, the government has leveraged foreign trade to stimulate economic growth. The result has been a fourfold increase in GDP, making China the sixth largest economy in the world. By 2012 the People’s Republic of China may have the highest GDP in the world.

According to U.S. statistics, from 1999 to 2004 China’s trade surplus with the U.S. doubled to $170 billion. Wal-Mart is China’s seventh largest export partner, just ahead of the United Kingdom.

However, the gains from their “socialist market economy” have not been without problems. The Chinese leadership has often experienced the worst results of socialism and capitalism: bureaucracy, lassitude, corruption, and inflation. Inflation rates have been an on-going challenge, reaching as high as 17% in 1995.

Environmental deterioration is a longer-term threat to economic growth. In 1998, the World Health Organization reported that China had seven of the 10 most-polluted cities on Earth. Another concern among some economists is that China’s economy is over-heating, and due to its global economic expansion this could have major repercussions among other nations.

Typically, wages have been low and working conditions poor, with workers living in restrictive dormitories and working at boring factory jobs. However, recent labor shortages have started improving conditions, and raising the minimum wage towards the equivalent of 100-150 US dollars per month. The labor shortages are in part a result of a demographic trend caused by strict family planning.

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Actress Virginia Mayo dies

Thursday, January 20, 2005Virginia Mayo, an actress famous for her movie roles of the 1940s and 1950s, died Monday, January 17, 2005 in a nursing home in Thousand Oaks, California, of pneumonia and heart failure.

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‘Jesus Camp’ shuts down

Thursday, November 9, 2006

The evangelical Christian summer camp “Kids on Fire ” featured in the documentary Jesus Camp will shut down for several years due to negative reactions to the film, negative e-mails, phone calls and letters. Many accuse camp leader Becky Fischer of “brainwashing” the children.

The documentary showed camp leader Becky Fischer acting as a “drill instructor” for young children preparing themselves for spiritual and political warfare. Fischer makes explicit comparisons between her camp and Islamist ‘jihad training camps’. It also shows children praying before a photograph of President Bush.

The film included scenes with disgraced preacher Ted Haggard, who resigned his leadership of the National Association of Evangelicals after he was accused of having sex with a male prostitute and using methamphetamine.

Haggard has criticized the film as mocking the evangelical movement and for using his statement that “If the Evangelicals vote, they determine the election.” The film makers responded that “Pastor Haggard is the only person in Jesus Camp who has a problem with how he was portrayed” and stated that they had been careful to avoid his more inflammatory and divisive comments.

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October

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Interview with Tony Ciufo, City Council candidate for Ward 10 in Mississauga, Canada

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Interview with Tony Ciufo, City Council candidate for Ward 10 in Mississauga, Canada
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Friday, September 22, 2006

The upcoming 2006 Mississauga municipal election, to be held November 13, features an array of candidates looking to represent their wards in city council.

Wikinews contributor Nicholas Moreau has contacted as many candidates as possible, including Tony Ciufo, asking them to answer common questions sent in an email. There is no incumbent in the newly created ward; the sixteen resident competing for the position are Shah Rukh Alam, John Briers, Jamie Dookie, Dale D’Souza, Prag Euclid, Adnan Hashmi, Elias Hazineh, Jack Janiak, Fasal Javaid, Craig Lawrence, Sue M. McFadden, Patrick Mendes, Barbara Polis, Graziano Roti, Ali Tahmourpour, and Scott Wilson.

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October

28

Investments Through Mutual Fund Sip Systematic Investment Planning.

Investments through Mutual Fund SIP Systematic Investment Planning.

by

Ryan Crown

There are a couple of ways that you can invest in a Mutual fund; one is a one time payment and the other through periodic investments. The later is termed to be Mutual Fund SIP. When you go for one time investments, you just hand over the cheque and you get your fund units depending on the value which is called Mutual NAV (Net Asset Value) of the units on that particular day. When you go in for this kind of investments a couple of factors creep in that determines the number of units you get. A small percentage of your investment is charged as an administrative fee and is termed as entry load. The other charge that is levied is the Mutual Fund NAV, which is the price of the unit of a fund. Say if you are investing Rs 9000/ and if one particular unit costs Rs 30/, then the total number of units that you get to purchase is 300. The other type of investment is done periodically instead of a one time down payment. This kind of investment planning is called Mutual Fund SIP (Systematic Investment Planning). This type of investment is done when you tend to go for high capital gains and you need to invest a bigger amount, but find it difficult to invest it at a single time.

[youtube]http://www.youtube.com/watch?v=rS1_BrcFvPo[/youtube]

It is then that the concept of Systematic Investment Planning creeps in. If you intend to invest a sum of Rs 10,000/ into a particular Mutual Fund, but your current financial obligations prevents you from doing so, then with the concept of SIP, you breakdown your investment principle into equal installments month wise. If a monthly investment of Rs 1000 is done at the end of the year you end up investing a sum of 12000/. Unlike general investment where you pay an entry load, SIP usually doesnt charge any fee, though as of late some companies have started to in the form of exit loads, which is a fee charged when you sell your units. The minimum amount that has to be invested during a one time investment is Rs 5000/, where as incase of a SIP it could be Rs 500/ or more (depending on the company). In most cases payments through SIP is done month wise, but companies also gives their customers the option of making the payments half-yearly or quarterly. Payments are basically made Electronic Clearance Service from your bank; this means the mutual fund will, as per your instructions, debit a certain amount from your account every month. If you dont have the required money in your account, then for that month, no units will be allocated to you. But, if this continues periodically, the mutual fund will discontinue the SIP. It is a compulsion that you state to the company as to how long you long you would want the SIP. After that during the course of the period if you realize that you cant continue with the SIP, all you have to do is inform the fund 15 days prior to the payout. The SIP will be discontinued. You can continue to keep your money with the fund and withdraw it when you want. The amount invested till then will be considered as the total investment made. Investing in Mutual Fund through SIP makes your budget more disciplined. Every month you are forced to keep aside a fixed amount. It helps you make money over the long term. Since you get more units when the NAV (charge/unit) drops and fewer when it rises, the cost averages out over time. So you tide over all the ups and downs of the market without any drastic losses. In case of SIP basically no fees are charged, but if you sell your units in a year time you pay and exit load. Hence it pays to invest in a longer run. The best way to enter a mutual fund is via an SIP. But to get the benefit of an SIP, think of at least a three-year time frame when you won’t touch your money.

Investment and Financial Planner for a leading Mutual Fund House in India. To read more about Investment planning with Mutual Fund SIP click

here

.

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Investments through Mutual Fund SIP Systematic Investment Planning.

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October

28

German retail giant Rewe to open Penny Market stores in Romania

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German retail giant Rewe to open Penny Market stores in Romania
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Wednesday, March 30, 2005German retail corporation Rewe plans to open several Penny Market discount stores in Romania in the middle of this year. Rewe is mainly interested in opening stores in cities such as Ploie?ti, Câmpina, Tecuci, Foc?ani, One?ti, Craiova, Caracal, Constan?a, Medgidia, Alexandria and Ro?iori de Vede. Most of these cities have populations of below 100,000 people, and Rewe is hoping to take advantage of a market that has not been highly tapped into, since most of Romania’s larger cities, such as Bucharest, Cluj-Napoca and Ia?i, already have multiple large supermarkets and discount stores.

Rewe also announced that, over the next few years, it intends to open a total of 50 Penny Market and XXL Mega Stores in Romania. Rewe already operates 14 several highly-successful Billa supermarkets throughout Romania, mainly in large cities, as well as 8 Selgros stores. Rewe has previously made announcements that it wishes to expand its Billa and Selgros brands more extensively. The total value of the company’s investment in Romania is around 200 million euro.

Romania is currently going through a retail boom, especially in the supermarket and discount stores area. Large corporations such as Rewe and Carrefour have established very successful branches in Romania, and other retail giants such as Tesco and WalMart have announced their intention to enter the Romanian market, which is the largest in Southeastern Europe.

The mini MAX discount company said it would open three stores in Romania, in April-May of this year, in the cities of Slatina, Târgovi?te and Urziceni. It plans to open up to 100 stores until the year 2010. Meanwhile, Tengelmann, Rewe’s rival, said it would invest 200 million euro in Romania to open 120 supermarkets in the next five years.

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October

28

Viktor Schreckengost dies at 101

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Viktor Schreckengost dies at 101
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Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

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October

28

Jawbone found in Aruba is not Natalee Holloway’s

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Jawbone found in Aruba is not Natalee Holloway’s
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Thursday, November 25, 2010

A jawbone found in Aruba is not that of missing American Natalee Holloway, who was a recent high school-graduate at the time of her disappearance. Officials confirmed the news after Dutch scientists completed tests on the bone. The jawbone, which also had a wisdom tooth with it, was found by an American tourist close to the Phoenix Hotel. A second bone had also been found by another tourist earlier this month.

The bone was sent to the Netherlands Forensic Institute where scientists completed tests. They compared the bone to dental records given to them by Natalee’s father, from which they confirmed the the bone was not that of Natalee, although it was human. It was said to be unlikely that the bone was Holloway’s as there is no physical evidence that she was murdered.

Beth accepts the forensic conclusions, is emotionally exhausted from the inexplicably long wait, and deeply disappointed in the time and manner in which she learned of the results.

Taco Stein, the Aruban Solicitor General, released a statement after the announcement was made. He commented on the speed of the identification; he said that they had quickly ruled out Holloway because her records had shown that she had her wisdom teeth previously removed.

Tim Miller, the Director of the Texas EquuSearch, released a statement after talking to Natalee’s father. He said “Dave [Natalee’s father] has been in contact with Aruban authorities and spoke with FBI this morning, the agent working the case. Dave believes it is Natalee.”

An attorney for Natalee’s mother, Beth Twitty, released a statement saying “Beth accepts the forensic conclusions, is emotionally exhausted from the inexplicably long wait, and deeply disappointed in the time and manner in which she learned of the results.” He commented on the Aruban authorities saying that “Apparently Aruban prosecutors were more sensitive to media concerns than the painful vigil of a mother.”

Natalee Holloway disappeared on the island in 2005 while on a school trip. She was last seen leaving a nightclub with three men, one of which was later identified as Joran van der Sloot. Van der Sloot was detained twice by police but has never been charged with Holloway’s disappearance. He is currently in Peru facing a different murder charge. Aruban authorities have said that they are checking neighboring islands to find a match for other missing persons.

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