Author: Admin

Tuesday, February 3, 2009

Sales of automobiles in the United States fell as much as 35% in January, compared to the same month a year ago, as manufacturers reported their January sales.

Ford Motor Company ^NYSE: F sales dropped 42% last month from the previous year. General Motors ^NYSE: GM reported a 49% decline. Chrysler was hardest hit among the domestically owned manufacturers with a plunge of 55%.

The decline in sales has not been limited to just US manufacturers. Japanese automaker Toyota ^NYSE: TM reported a 32% drop in US sales from a year earlier, Nissan Motors^{NASDAQ: NSANY} dropped 30%, and Honda ^NYSE: HMC sales dropped 28%.

Subaru and South Korean Hyundai Motor Company ^LSE: HYUD were two of the few auto firms that reported an increase in sales. They posted gains of eight and fourteen percent, respectively.

On an annual basis, sales overall have also been plummeting. Industry-wide US car sales dropped 18% last year to 13.2 million automobiles.

GM announced today that it will offer voluntary buyouts to 22,000 employees in the US, in an effort to reduce its expenditures.

Last month, GM and Chrysler were given loans worth US$17.4 billion from the government after they warned of imminent bankruptcy.

Friday, March 14, 2008

Two doctors who treated actor John Ritter for chest pain in Burbank, California were cleared of a negligence lawsuit on Friday. Ritter was an American television and film actor who died of aortic dissection on 11 September 2003.

Ritter’s children and widow (Amy Yasbeck) filed a US$67 million lawsuit claiming negligence by the doctors, both at the time Ritter fell ill and at a medical checkup two years earlier where problems with Ritter’s aorta could have been spotted.

A jury hearing the case at Los Angeles County Superior Court voted 9-3 to dismiss the claims, satisfied that the defendants, Dr. Joseph Lee and Dr. Matthew Lotysch, acted properly during their examination and treatment of Ritter.

Ritter’s last role was in leading the cast of the television series 8 Simple Rules for Dating My Teenage Daughter whose production was disrupted by his death.

Sunday, August 21, 2005

A robotic system at Stanford Medical Center was used to perform a laparoscopic gastric bypass surgery successfully with a theoretically similar rate of complications to that seen in standard operations. However, as there were only 10 people in the experimental group (and another 10 in the control group), this is not a statistically significant sample.

If this surgical procedure is as successful in large-scale studies, it may lead the way for the use of robotic surgery in even more delicate procedures, such as heart surgery. Note that this is not a fully automated system, as a human doctor controls the operation via remote control. Laparoscopic gastric bypass surgery is a treatment for obesity.

There were concerns that doctors, in the future, might only be trained in the remote control procedure. Ronald G. Latimer, M.D., of Santa Barbara, CA, warned “The fact that surgeons may have to open the patient or might actually need to revert to standard laparoscopic techniques demands that this basic training be a requirement before a robot is purchased. Robots do malfunction, so a backup system is imperative. We should not be seduced to buy this instrument to train surgeons if they are not able to do the primary operations themselves.”

There are precedents for just such a problem occurring. A previous “new technology”, the electrocardiogram (ECG), has lead to a lack of basic education on the older technology, the stethoscope. As a result, many heart conditions now go undiagnosed, especially in children and others who rarely undergo an ECG procedure.

Sunday, February 17, 2008

In a press release today, California-based Hallmark/Westland Meat Packing Co. indicated that it has voluntarily recalled just over 143 million pounds (65 million kilograms) of raw and frozen beef products, which is considered to be the largest single recall of beef products in U.S. history. The move follows an investigation by the United States Department of Agriculture (USDA) into allegations of animal cruelty and mishandling of cattle destined for the human food chain.

The USDA’s Food Safety and Inspection Service (FSIS) had determined that beef products produced by the Chino, California company were unfit for human consumption as the cattle had not received “complete and proper inspection.”

The recall has been designated as Class II, which the USDA describes as “a health hazard situation where there is a remote probability of adverse health consequences from the use of the product.”

On Friday, Secretary of Agriculture Ed Schafer indicated that charges had been laid against employees of the plant alleged to have taken part in the mistreatment of cattle. “Today [Friday], the San Bernardino District Attorney filed felony animal cruelty charges against two employees who were terminated by Hallmark/Westland Meat Packing Company,” said Schafer. “It is regrettable that these animals were mistreated and I am encouraged and supportive of these actions by the San Bernardino District Attorney in response to this mistreatment.”

The USDA learned of the possible inhumane handling of non-ambulatory (disabled) cattle at the packing plant on January 30 and has since suspended activities at the plant. “We continue to conduct a thorough investigation into whether any violations of food safety or additional humane handling regulations have occurred,” said Secretary Schafer in a press release. “On February 8, our Office of the Inspector General took the lead on the investigation. At that time, USDA extended the administrative hold on Hallmark/Westland Meat Packing Company products for the National School Lunch Program, the Emergency Food Assistance Program and the Food Distribution Program on Indian Reservations while the investigation continues,” said Schafer.

The FSIS reported that Hallmark/Westland had not contacted the FSIS public health veterinarian, as required, when cattle became ill or disabled after undergoing ante-mortem (slaughter) inspection, putting the company out of compliance with FSIS regulations. “Because the cattle did not receive complete and proper inspection FSIS has determined them to be unfit for human food and the company is conducting a recall,” explained Secretary Schafer.

The cruelty charges stem from an undercover video that reportedly showed sick cattle being moved by crews using forklifts.

“Words cannot accurately express how shocked and horrified I was at the depictions contained on the video that was taken by an individual who worked at our facility from October 3 thru November 14, 2007,” said Steve Mendell, President, Westland Meat Co. and Hallmark Meat Packing. “We have taken swift action regarding the two employees identified on the video and have already implemented aggressive measures to ensure all employees follow our humane handling policies and procedures. We are also cooperating with the USDA investigators on the allegations of inhumane handling treatment which is a serious breech of our company’s policies and training.”

The USDA stressed that it is “extremely unlikely” that the cattle involved were at risk for Bovine spongiform encephalopathy (BSE) or mad-cow disease due to the employment of multiple safeguards. The USDA felt the recall was required, however, as the plant had allegedly violated USDA regulations.

The recall involves raw and frozen beef products produced on various dates from February 1, 2006 to February 2, 2008. For further information about the recall, consumers, media, and distributors are encouraged to contact Hallmark/Westland’s Plant Manager Stan Mendell or Food Safety Consultant Steve Sayer at (909) 590-3340 or the FSIS website, www.fsis.usda.gov.

Wednesday, June 13, 2007

Wikinews will be attending The 2007 MuchMusic Video Awards this weekend, a popular annual event in Toronto, Ontario, Canada. True stars will be out to play, present, and else wise schmooze at the CHUM-City Building just above the city’s Entertainment District in the Queen Street West neighbourhood.

MuchMusic is the most popular music channel in Canada, and has been holding the event since 1990. Roughly 6000 fans line the streets surrounding Much headquarters each year, and 1200 more score “the wristband” and enjoy a free festival-style show in the parking lot, watching four outdoor performance areas spread out in the downtown location. New this year is a special roof-top stage, on the top of the building.

Last year’s show reached 3.5 million viewers in Canada and 100 million around the globe, with broadcasts in 65 countries.

Performing at the show will be Avril Lavigne, Fergie, Billy Talent, Hilary Duff, Alexisonfire, Maroon 5, Belly, The Used, and Finger Eleven.

On stage presenting will be Nickelback, Jay Manuel (Canada’s Next Top Model, America’s Next Top Model), Tara Reid (American Pie, this fall’s Land of Canaan), Joss Stone, Sum 41, Amber Tamblyn (Joan of Arcadia, Grudge 2), Hedley, Chris Bosh (Toronto Raptors), Sean Avery (New York Rangers), George, Sam Roberts, Emilie de Ravin (LOST), Marianas Trench, and Kardinal Offishall.

Photographer Robin Wong will be photographing the red carpet of the MMVAs for Wikinews and Wikipedia. He first helped the sites in April of this year, photographing Hilary Duff at MuchMusic. Wong’s extensive client list includes Fidelty Investments, Flare Magazine, Masterfile, First Light, Fashion Television, FCB Canada, Profit Magazine, Financial Post, and Publicis. His works have appeared in the 2004 and 2005 Applied Arts Awards Annual, the top publication for the creative industry.

Saturday, April 7, 2007

The former State Lunatic Hospital at Danvers better known as Danvers State Hospital in Danvers, Massachusetts suffered a major fire last night that could be seen for miles and led to temporary shut down of US Route 1 and Interstate 95 in the area.

The infamous American former mental hospital has been closed since 1992 is the site of a new condominium and apartment buliding complex being developed by Avalon Bay Communities. Four apartment units and four utilities bulidings went in up in smoke in the four-alarm fire. The units were not occupied, however, two were nearing completion which is a major financial setback for Avalon Bay. The fire did not spread to the famous Kirkbride building though, which is being renovated into apartments, aside from a cupola due to radiant heat.

Calls started coming just before 2:00 am EDT Saturday morning to report a fire on the hospital’s grounds which before the development sat unused, decaying and abandoned and became a popular target for ghost-hunters, vandals and urban explorers and also served as the focus of the 2001 thriller/horror film, Session 9 which brought renewed attention to infamous hospital which led to increased security at the site over the years. Reports of explosions before the fire started were noted by neighbors and residents.

About 20 residents on the other side of the 77-acre property were evacuated to Danvers High School as a precaution, they are expected to return later today. Their homes were not harmed by the fire, nor were any injuries reported from them. However, about seven firefighters suffered some minor burns from battling the fire, which took seven hours to bring under control. Firefighters will remain on the scene to make sure no hot spots flare up as the fire is still smoldering.

The cause of the fire is not yet known.

Monday, November 20, 2006

Otaki, a small town located in the North Island of New Zealand, has been subject to vandals who have smashed around 70 windows in the local primary school, Otaki Primary School.

The smashed windows resulted in the closure of the primary school today. It is expected that the school will be open tomorrow.

The primary school was not the only property damaged. The police are reporting that the library, memorial hall, law offices, tyre factor, butchery and the citizen’s advice bureau were all attacked, with other attacks possible.

The police say that the damage was done on Saturday night. Business owners are still reporting property damage. Sergeant Mark Toms said: “The damage seems to be widespread, and has not been confined to the school. Mr Toms said that they “are following strong leads as to who is responsible for the vandalism.”

Thursday, June 29, 2006

The United States Federal Reserve has announced an increase of 25 basis points (0.25%) in the federal funds rate bringing it to 5.25 percent. It also announced its approval of a 25 basis point increase in the discount rate to 6.25 percent.

The federal funds rate is the interest rate at which depository institutions such as banks lend balances they maintain at the Federal Reserve (called federal funds) to other banks overnight. The discount rate is the interest rate that an eligible bank is charged to borrow short term funds directly from the central bank through the discount window.

In its statement, the Fed said that growth is moderating from its quite strong pace earlier in the year, which it partly attributed to a cooling of the housing market and the delayed effect of increases in interest rates and energy prices. The Fed noted that inflation measures were “elevated” in recent months and that while productivity gains have held down increases in labor costs and inflation expectations “remain contained”. However, it pointed out that high levels of resource utilization and high energy and commodity prices have the potential to sustain inflation pressures.

In its outlook over its future moves, the Fed statement said “Although the moderation in the growth of aggregate demand should help to limit inflation pressures over time, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.”

Tuesday, September 16, 2008

The International Monetary Fund and the European Union approved aid packages to help Georgia recover from its conflict with Russia, which occurred in early August. The IMF approved a US$750 million loan which will allow Georgia to rebuild its currency reserves. The European Union also approved an aid package of €500 million in aid by 2010, which is expected to help internally displaced people (IDPs) and economic recovery in the form of new infrastructure. Only €100 million of the EU aid will be given to Georgia this year.

These loans are aimed to restore confidence in Georgia’s economy and send a signal to international investors that Georgia’s economy is sound. According to the IMF, international investors have been “critical to Georgia’s economic growth in recent years.”

Takatoshi Kato, Deputy Managing Director and Acting Chairman of the IMF executive committee, said the loan will “make significant resources available to replenish international reserves and bolster investor confidence, with the aim of sustaining private capital inflows that have been critical to Georgia’s economic growth in recent years.”

Georgia has requested $2 billion in international aid to help it recover from the conflict. So far, the United States has pledged $1 billion in aid. Further assistance and loans to Georgia are expected from other organizations. Kato noted that “…Georgia is expected to receive financial assistance from multilateral and bilateral donors and creditors in support of the reconstruction effort.” It is expected that an international donors’ conference will take place next month to solicit more aid for the country.

Georgia’s government expects that economic growth will be more than cut in half as a result of the conflict. Last year, Georgia’s GDP increased 12.4% and it is predicted by the IMF that growth will be less than 4 percent in the coming year.

Tuesday, September 16, 2008

The International Monetary Fund and the European Union approved aid packages to help Georgia recover from its conflict with Russia, which occurred in early August. The IMF approved a US$750 million loan which will allow Georgia to rebuild its currency reserves. The European Union also approved an aid package of €500 million in aid by 2010, which is expected to help internally displaced people (IDPs) and economic recovery in the form of new infrastructure. Only €100 million of the EU aid will be given to Georgia this year.

These loans are aimed to restore confidence in Georgia’s economy and send a signal to international investors that Georgia’s economy is sound. According to the IMF, international investors have been “critical to Georgia’s economic growth in recent years.”

Takatoshi Kato, Deputy Managing Director and Acting Chairman of the IMF executive committee, said the loan will “make significant resources available to replenish international reserves and bolster investor confidence, with the aim of sustaining private capital inflows that have been critical to Georgia’s economic growth in recent years.”

Georgia has requested $2 billion in international aid to help it recover from the conflict. So far, the United States has pledged $1 billion in aid. Further assistance and loans to Georgia are expected from other organizations. Kato noted that “…Georgia is expected to receive financial assistance from multilateral and bilateral donors and creditors in support of the reconstruction effort.” It is expected that an international donors’ conference will take place next month to solicit more aid for the country.

Georgia’s government expects that economic growth will be more than cut in half as a result of the conflict. Last year, Georgia’s GDP increased 12.4% and it is predicted by the IMF that growth will be less than 4 percent in the coming year.