Friday, July 1, 2005

Today, Romania introduces its new redenominated currency, the new leu (code: RON), which is valued at 10,000 old lei (code: ROL). The process, which is known as redenomination, started in March 2005 when Romania started dual-currency display and all prices had to be displayed in both the old leu and the new leu. Starting from today, the first notes and coins of the new leu will become legal tender, and the new leu will become the official currency of Romania.

The redenomination (or conversion from the old to the new leu) is simple — 10,000 old lei are replaced by 1 new leu. One US dollar will buy 2.98 new lei, while one euro will buy 3.6 new lei. After the similar redenomination by Turkey the old leu had been the world’s least valued currency unit, with the US dollar buying 29,891 lei and the euro buying 36,050 lei (on 30 June 2005). With the introduction of the new leu, Romania’s currency will be among the most highly-valued in the region.

The new leu notes and coins, introduced into circulation today, will circulate alongside the old lei until 31 December 2006, when the dual-currency period ends and all of the old lei are expected to be withdrawn. However, old lei can be exchanged at banks indefinitely.

The new notes come into denominations of 1, 5, 10, 50, 100 and 500 new lei. The largest note of the old leu was 1,000,000 lei, or 100 new lei. The largest note of the new leu is worth 500 new lei, or approximately US$167 and €139. New leu notes will also have the same dimensions as euro notes of similar value. Additionally, they will use the same colours and design as their corresponding old leu equivalent (for example, the 100 lei note will look similar to the 1,000,000 old lei note).

All notes will be printed on polymer materials. Romania was the first country in Europe to introduce polymer notes, in 1999.

Monday, November 23, 2009

A transport aircraft belonging to the Italian Air Force has crashed near Pisa. All five on board the C-130 Hercules were killed.

The aircraft was on a training mission when it went down onto a railway line close to a military airport. It had been approaching for landing when it swerved to one side and crashed, according to Pisa’s fire brigade. An electrical fire was triggered at the railway line, but no trains were endangered.

The plane left the airport at 2:10 p.m. and was returning shortly after at the time of the accident. As well as the fire service, police, ambulances and airport rescue workers attended the scene. The crash was away from the main city and no-one on the ground was injured. An investigation has been launched.

Sunday, September 9, 2007

At least 20 people have died and 20 more are injured after a partially constructed flyover (overpass) in Hyderabad, India collapsed onto traffic.

The disaster occurred at the Panjagutta junction, near Nagarjuna Circle. Two large concrete sections dropped onto oncoming cars and motorised rickshaws, damaging several severely.

A large emergency effort was immediately activated, but experienced severe difficulties in reaching the site due to congested traffic resulting from the collapse. Ambulances from the 108 EMRI Service and Appollo Hospitals attended the scene, and rushed the injured to a variety of nearby hospitals. All the region’s major hospitals, particularly the nearby Nizam Institute of Medical Sciences, have placed their medical staff on emergency alert. Rescuers are now using cranes and cutting equipment in an effort to reach anyone who may still be trapped. It is expected that the death toll could rise further as many vehicles remain trapped under tons of debris.

Various politicians also attended the scene, including the local district collector, Chief Minister of Andhra Pradesh Dr. YS Rajasekhara Reddy, Senior Congress Leader and MLA from Khairathabad P Janardhan Reddy and several other ministers.

Police have asked both the public and the press to keep away from the area, in order to prevent further collapse of the unstable structure. Preliminary investigations suggest the flyover had been been poorly constructed. The construction project had been carried out by leading contractor Gammon India Limited. It had been delayed, the original foundations having been built in 2005. After a successful request by the company to have the deadline for the project extended, work was slated to cease in November of this year, with the flyover entering operation by December. It is believed heavy rains in the area a few hours prior to the collapse may have contributed to the disaster.

Monday, March 21, 2005

Automobile industry pioneer, John DeLorean, died Saturday in a New Jersey hospital by complications from a stroke.

DeLorean was born in 1925 in Detroit, Michigan to European immigrant parents. He received an education in automotive engineering and quickly rose through the ranks of Packard and later General Motors (GM). DeLorean was credited with the development of the Pontiac GTO, which helped introduce the era of “muscle cars”. By 1965, DeLorean led the entire Pontiac division, and four years later was promoted to the prestigious position of leading GM’s Chevrolet.

In 1973, DeLorean quit General Motors and started his own company, the De Lorean Motor Company. The company’s product was the DMC-12, an unusual car featuring an unpainted, stainless-steel exterior and gull-wing doors. The company started production in 1981 but failed less than two years later, having produced under 9,000 vehicles. Despite the company’s failure and the car’s dismal sales, the car itself gained a cult following after the release of the 1985 movie Back to the Future which featured the car as a time-travel machine.

DeLorean himself was in nearly as much trouble as his company. In 1982 he was arrested for attempting to sell $24 million worth of cocaine to undercover police, and after his company’s failure, he became involved in a multitude of lawsuits alleging investor fraud. Though DeLorean successfully resolved the cocaine case after claiming entrapment, his other legal cases would drag on until 1999, when he declared bankruptcy.

Monday, May 21, 2012

Bruce, Canberra — This past week, an overstocked Australian Opals, the women’s national basketball team, prepared for the 2012 Olympic Games in London with a weeklong training camp at the Australian Institute of Sport (AIS) to be used to help narrow the nineteen member Opals squad down to the twelve that go to the Games, and provide players who rarely play together an extended period of time to play together in order to improve on court dynamics.

Camp started on Sunday, with players arriving from hometowns around Australia including Cairns, MacKay, Gladstone, Brisbane, Adelaide, and Melbourne.

The defending champions, the United States women’s national basketball team, are perceived as the Australian Opals’ main competitors. In the last three Olympic Games the Opals got silver medals. In each of these cases the United States got first place. Coach Carrie Graf said “thinking about the US too soon in inappropriate”, “Our focus is first and foremost, game by game winning our pool”. Amongst the Australian Opals’ competitors in the pool are Brazil, Russia, and Great Britain. Carrie Graf said Great Britain “will put up a fight on home turf” but there is a “world class [AIS] facility” and “world class medical support staff” supporting the team.

Australian Opal player Penny Taylor recently suffered injury from a torn anterior cruciate ligament, meaning she cannot play Olympics this year. In regards to the situation player Lauren Jackson, who is going into her fourth Olympics, said “you would never wish that upon anybody.” She says as a team they have to “move on, move through that” and “come together” to pick up their offence and defense. Despite the loss of one of their key players she says “we definitely have the talent there” and the team is all “on the same page.” She feels “pretty confident” and speaks of “very exciting” times ahead. Jenna O’Hea is going into her first Olympics with the team. She is still “pinching” herself and says she is taking it “day by day”.

A typical day at the camp might start with a 7.00am – 8.30am breakfast at the AIS Dining hall, before one and a half or two hours of court, gym, or swimming training. The middle of each day might consist of media meetings, medical checks, team meetings, and time to practise shooting. Around 12.00pm, the players meet to eat lunch and recover from the morning. The afternoon typically consists of more training, and some scrimmage games. Players usually finish around 7.00pm for dinner, and perhaps a massage.

The nineteen players in attendance this week at training camp were Suzy Batkovic, Abby Bishop, Elizabeth Cambage, Rohanee Cox, Cayla Francis, Kristi Harrower, Laura Hodges, Natalie Hurst, Lauren Jackson, Rachel Jarry, Kathleen MacLeod, Jenna O’Hea, Samantha Richards, Jennifer Screen, Belinda Snell, Marianna Tolo, Kristen Veal, Carly Wilson, and Hanna Zavecz. Basketball Australia has named fifteen players that are to attend the second phase of the camp: Suzy Batkovic, Abby Bishop, Elizabeth Cambage, Kristi Harrower, Laura Hodges, Lauren Jackson, Rachel Jarry, Kathleen MacLeod, Jenna O’Hea, Erin Phillips, Samantha Richards, Jennifer Screen, Belinda Snell, Marianna Tolo, and Hanna Zavecz.

Thursday, June 4, 2009

The fourth annual Maker Faire took place this past weekend at the San Mateo Fairground in San Mateo, California located in the United States. The first Maker Faire, which took place in 2006, had approximately 20,000 people in attendance. This year, more than 80,000 people were expected to attend; quadruple the attendance of just four years prior. On Saturday night, it was reported that attendance was up considerably over last year’s event.

Maker Faire, the self-declared “World’s Largest DIY Festival”, offers a forum where hundreds of makers and crafters alike man booths where they display their work. In the main halls alone, there were hundreds of booths. Outside the expo halls, the surrounding area was also filled with many interesting projects, some of which were mobile. In addition to all of the projects on display, there were a number of on-stage presentations. The biggest presentation of the weekend was given by Adam Savage who spoke on the topic of his “Colossal Failures”. During his talk, the Fiesta Hall was filled to capacity.

The theme for this year’s fair was “Remake: America” after President Obama‘s call to “begin again the work of remaking America”. In addition, “going green”, alternative fuel vehicles, crafting, steampunk and sciences for the young, were common themes found throughout the fair.