Saturday, October 20, 2007

Some say history tends to repeat itself. Today marked a day in history, when 20 years ago, the United States Dow Jones Industrial Average market crashed, on what is known as ‘Black Monday‘. The crash sent the market tumbling down 508 points, losing nearly 24%. On Friday, the Dow Jones nearly broke that record when the market closed at -366.94 points, down almost three percent.

Several factors could be to blame for the loss, one being Turkey’s government approving a measure on October 18 to send Turkish troops into Iraq in an attempt to take out militants of the Kurdistan Workers Party (PKK). This sent oil prices skyrocketing to the highest prices in history, with the highest record being just over US$89.00, which was set on October 18.

Fears that the housing market in the U.S. has come to a standstill has also lead Caterpillar Inc., which manufactures and sells construction equipment to issue a warning that the standstill would cause profits to drop, and the American economy to be severely hurt. On Friday their stocks lost nearly six percent to close at $73.57.

Investors and experts of the markets are disturbed by the losses calling the situation ugly.

“It’s pretty ugly. A company like Caterpillar should be a poster child for global growth and benefits of the weak dollar. It makes you question: Is global growth really that strong? Has the earnings kick from the weak dollar played itself out?” said Bell Curve Trading chief strategy expert, Bill Strazzullo.

Others believe that the losses were a way of emotionally responding to the events of ‘Black Monday.’

“Some of the earnings reports were a little disappointing but not that bad. I think we’re responding emotionally to the 20th anniversary of the October 1987 stock market crash. I’d like to laugh except it hurts,” said T Rowe Price Head trader, Andy Brooks.

The NASDAQ also took heavy losses to close down 74.15 points or -2.64%, closing at 2,725.16. The S&P 500 was also hit hard, losing 39.45 points, or -2.56%, closing at 1,500.63.

Thursday, September 13, 2007

Having worked as an aide, advisor, and Executive Assistant to municipal and provincial politicians, Sheila White is running for the Ontario New Democratic Party in the Ontario provincial election, in the Scarborough-Rouge River riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Monday, June 21, 2010

Sweden’s first royal wedding since 1976 took place Saturday when Crown Princess Victoria, 32, married her long-time boyfriend and former personal trainer, Daniel Westling, 36. The ceremony took place at Stockholm Cathedral.

Over 1,200 guests, including many rulers, politicians, royals and other dignitaries from across the world, attended the wedding, which cost an estimated 20 million Swedish kronor. Victoria wore a wedding dress with five-metre long train designed by Pär Engsheden. She wore the same crown that her mother, Queen Silvia, wore on her wedding day 34 years previously, also on June 19. Victoria’s father, King Carl XVI Gustaf, walked Victoria down the aisle, which was deemed untraditional by many. In Sweden, the bride and groom usually walk down the aisle together, emphasising the country’s views on equality. Victoria met with Daniel half-way to the altar, where they exchanged brief kisses, and, to the sounds of the wedding march, made their way to the the silver altar. She was followed by ten bridesmaids. The couple both had tears in their eyes as they said their vows, and apart from fumbling when they exchanged rings, the ceremony went smoothly.

Following the ceremony, the couple headed a fast-paced procession through central Stockholm on a horse-drawn carriage, flanked by police and security. Up to 500,000 people are thought to have lined the streets. They then boarded the Vasaorden, the same royal barge Victoria’s parents used in their wedding, and traveled through Stockholm’s waters, accompanied by flyover of 18 fighter jets near the end of the procession. A wedding banquet followed in the in the Hall of State of the Royal Palace.

Controversy has surrounded the engagement and wedding between the Crown Princess and Westling, a “commoner”. Victoria met Westling as she was recovering from bulemia in 2002. He owned a chain of gymnasiums and was brought in to help bring Victoria back to full health. Westling was raised in a middle-class family in Ockelbo, in central Sweden. His father managed a social services centre, and his mother worked in a post office. When the relationship was made public, Westling was mocked as an outsider and the king was reportedly horrified at the thought of his daughter marrying a “commoner”, even though he did so when he married Silvia. Last year, Westling underwent transplant surgery for a congenital kidney disorder. The Swedish public have been assured that he will be able to have children and that his illness will not be passed on to his offspring.

Westling underwent years of training to prepare for his new role in the royal family, including lessons in etiquette, elocution, and multi-lingual small talk; and a makeover that saw his hair being cropped short, and his plain-looking glasses and clothes being replaced by designer-wear.

Upon marrying the Crown Princess, Westling took his wife’s ducal title and is granted the style “His Royal Highness”. He is now known as HRH Prince Daniel, Duke of Västergötland. He also has his own coat-of-arms and monogram. When Victoria assumes the throne and becomes Queen, Daniel will not become King, but assume a supportive role, similar to that of Prince Phillip, the husband of the United Kingdom’s Queen Elizabeth II.

Monday, November 29, 2004

HANOVER, Germany —Internet portal and mail-provider Lycos Europe has launched a program to increase spammers’ bills by having thousands of voluntary users’ computers repeatedly query websites from which spam originates. Such a tactic would increase the bandwidth costs for these websites. However, it also faces legal questions.

Spamming, the mass sending of unsolicited emails, is lucrative in part because each email can be sent for nearly insignificant costs. With such low costs, a commercial spammer needs only to have a very small number of recipients buy their product to make a profit. The goal of many anti-spam proposals has been to increase the cost of spammers sending messages. Lycos’ approach is to make it more expensive to maintain servers that send spam.

Volunteers may download the screensaver from the Lycos website for it. The program would run on a user’s computer in the background and request about three megabytes (3MBs) of data every day. The screensaver shows which spam server is being targeted by the user, where the server is located, and how many others are attacking it at that moment. Target email servers are selected from blacklists from anti-spam organizations, with Lycos’ own verification.

Legal issues arise over whether this can be interpreted as a denial of service attack. In such an attack, computers overwhelm a webserver with requests for data to the point where it does not have the resources to fulfill its normal function. Lycos, in explanatory material on the screensaver’s dedicated website ( http://makelovenotspam.com ), claims that its technology closely monitors the screensavers’ effects on targeted websites and prevents any of them from being completely shut down by information requests.

Lycos Europe operates in Germany where, according to Joerg Heidrich of Heise Zeitschriften Verlag, less than completely shutting down a server is not clearly illegal under the penal code. It may, however, be actionable under the civil code. But Lycos may be betting that no one will file a suit, as that would require those participating in illegal spamming to reveal their identity.

The website no longer allows downloads of the screensaver, and users of the screensaver cannot connect to spam sites, but are instead given the message ‘Stay Tuned’

Monday, July 17, 2006

The New Zealand government has withdrawn its Criminal Proceeds and Instruments Bill from Parliament, putting on hold its plans to introduce a non-conviction-based asset forfeiture regime.

The bill was introduced to Parliament in June last year, and was removed from the Parliamentary Order Paper in the last week, before it had even received a first reading vote.

A spokesperson for the Minister of Justice refused to give a reason for the bill’s withdrawal, saying only that there were “a couple of procedural issues that need to be dealt with”.

The bill would establish a non-conviction-based asset forfeiture regime, which would allow the government to confiscate the assets of those suspected of involvement in serious crime. Suspected criminals would be required to prove on the balance of probabilities that their assets were legally acquired or else forfeit them to the crown. No criminal conviction would be required.

The scheme has attracted criticism from both sides of the House, with the Green Party calling it “an affront to the principles of justice and law”, and the National Party demanding a much tougher regime. Given the stated positions of parties on the bill, the most likely reason for its withdrawal is that the government does not have a majority to pass it in its present form.

A compilation of brief news reports for Tuesday, January 13, 2009.

Thursday, February 28, 2008

The American Civil Liberties Union (ACLU) and the Electronic Frontier Foundation (EFF) have sided with Wikileaks.org and will defend them against a lawsuit which took the site off line in the United States. Wikileaks is a website dedicated to hosting leaked documents that are “anonymous, untraceable, uncensorable.”

On February 18, 2008, a permanent court injunction issued in the California Northern District Court in San Francisco by judge Jeffrey White, California to Bank Julius Baer (BJB), a Swiss Bank, took the domain name offline. However the site remained online via its IP address and alternative domain names. Wikileaks previously published hundreds of documents obtained from a whistleblower of the Swiss Bank, “purportedly showing offshore tax evasion and money laundering by extremely wealthy and in some cases, politically sensitive, clients from the US, Europe, China and Peru.”

“Blocking access to the entire site in response to a few documents posted there completely disregards the public’s right to know,” said Ann Brick a lawyer for the ACLU. At least 18 other organizations have signed documents in defense of Wikileaks. Those documents have been forged into a ‘joint Amici Curiae (“friends of the Court”) brief; which will be submitted to the court and used as defense evidence in a hearing scheduled for Friday February 29.

Despite the attempts by the ACLU and others, Bank Julius Baer says that their lawsuit has nothing to do with the rights of free speech.

“This action has been brought solely to prevent the unlawful dissemination of stolen bank records and personal account information of its customers. Many of those documents have also been altered and forged,” said the Bank.

Recently the Bank has made allegations that they have been “unable to negotiate with Wikileaks” at all before or during legal proceedings. Wikileaks, in a press release denies the allegations.

“Wikileaks at all times responded with grace and dignity to BJBs highly irregular demands and left communication open,” said Wikileaks which also adds that the correspondence with the Bank is available on its website on servers in Denmark. “BJB did not submit the correspondence tothe court, although it must be absolutely central to the issues held there. We wonder why?”