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Friday, July 15, 2011

On Tuesday, the Euro fell to a new record low in relation to the Swiss Franc, and to multi-month lows against the U.S. Dollar and Japanese yen; all considered by investors to be safe currencies during times of economic turmoil.

The Wall Street Journal reported earlier that recent comments from the newly installed head of the International Monetary Fund, France’s Christine Lagarde, resulted in a sell-off of the Euro. At a roundtable discussion in Washington, Lagarde noted that the IMF had not yet reached discussion of terms and conditions of a second Greek bailout plan. In fact, a representative from the IMF is currently meeting with Eurozone policymakers to draft such a new proposal. The yield differential between Italian bonds and German bonds has spread to more than 300 basis points, something not seen in over a decade and evidence of investors’ concern.

Adding to the Euro’s woes is the upcoming release of the bank stress tests on Friday. The European Bankers Association said that they expect the data release to shed new light on the Eurozone’s banking situation. Representatives of several of the Eurozone’s governments, including Germany, have requested that the association consider releasing fewer specific details for fear that investor panic will ensue. The inadequacy of the capitalization rates has been an issue with the European Central Bank, whose president recently called upon Eurozone banks to make every effort to put their balance sheets in order.

For the time being at least, an unsubstantiated rumor reported by the Wall Street Journal states that the Eurozone’s central banks’ purchase of periphery debt has helped to quell the downward momentum of the Euro.

Thursday, August 28, 2008

The Stamford, Connecticut-based company World Wrestling Entertainment issued a press release last night, stating that wrestling performer John Cena is expected to recover from his injuries, after a surgery.

WWE Medical Program head, described in a press release as a “renowned neurosurgeon” Dr. Joseph Maroon performed the operation on Cena, after he sustained injuries during the SummerSlam match on Sunday August 24. He suffered a herniated disc in his neck, in a lost match against a wrestler named Batista.

Just hours after surgery, he visited the locker room of the SmackDown/ECW taping, commenting to the WWE website that: “I feel great. Dr. Maroon is fantastic. He explained every possible procedure he could and could not perform, and the potential risks of all of them. I explained to Dr. Maroon not only my immediate goals, but also my long-term goals. He took them all into consideration and recommended the most commonplace procedure with the least amount of side effects.”

While the option of fusion surgery was chosen previously by other WWE wrestlers (Edge, Steve Austin, Chris Benoit), Maroon removed a fragment from Cena’s spinal cord, which had been blocking a nerve.

The operation lasted 90 minutes; recovery is expected to take three months, instead of a previously suggested 12-14 months.

In his WWE career, Cena is a three-time WWE Champion, a three-time United States Champion, and a two-time World Tag Team Champion. He also won the 2008 Royal Rumble. Before being promoted to the main WWE roster, Cena trained in and wrestled for Ultimate Pro Wrestling and Ohio Valley Wrestling, holding the top titles of both promotions.

Wednesday, March 7, 2007

At least one person is seriously wounded and one dead after a 17 year-old male opened fire and shot his ex-girlfriend, Jessica Forsyth, 17, four times outside the Herbert Henry Dow High School located in Midland, Michigan before turning the gun on himself. The shooter was pronounced dead on the scene and according to Midland Police Chief, James St. Louis, the shooter died in the parking lot of the school while the girl is in a local hospital. She is said to be in stable but serious condition at Hurley Medical Center in Flint, Michigan.

Chief St. Louis says that the boy pulled out a gun and began to shoot the girl after the two had a conversation. He then shot himself. St. Louis also said that the mother of the girl, who had dropped her daughter off at school for the day, tried to stop the incident from happening by driving her car in between the girl and boy, but was not successful. The boy, whose name is not known, apparently had stored the gun inside his backpack.

According to Midland Deputy Chief, Bob Lane, the boy was not a student at the school and was not granted access into the school. Lane also stated that the boy then placed a phone call to Forsyth telling her to meet him outside the school just before 11:00 a.m. [EST].

The school hosts nearly 1,500 students. The school was in lockdown, but according to a statement on the school’s website, the lockdown was cancelled.

“This morning a shooting incident took place at Dow High outside the building near the cafeteria. A Code Red lock-down was issued, but has been lifted,” said the statement.

Tuesday, February 12, 2008

This year, four breeds of dogs are competing for the first time in the Westminster Kennel Club Dog Show, at Madison Square Garden in New York City, United States.

The new breeds making their Westminister debuts this year, are the Plott, a hunting hound originally bred by two German immigrant brothers in North Carolina; the Tibetan Mastiff, once described by Marco Polo as “tall as a donkey with a voice as powerful as that of a lion.”; the Beauceron, a herding dog originally bred to herd flocks of sheep in France, later used to sniff out landmines and send messages during the World Wars; and the Swedish Vallhund, a breed dating back to the time of the Vikings, used on farms to catch vermin, herd cattle, and as a guard dog, noted for its double coat and harness markings.

This brings the number of unique breeds competing in the famous dog show to 169.

The Plott, the Beauceron, and the Vallhund were shown on Monday. The Tibetan Mastiff will be shown tonight as part of the Working Group.

Friday, September 14, 2007

A preliminary report by the Danish civil aviation authority, SLV, has shed light on the events leading up to a Scandinavian Airlines System (SAS) airliner experiencing a landing gear failure upon landing in Denmark, one of two similar crashes that have resulted in the grounding of more than 60 of the model in question across the world.

The aircraft, a Bombardier Q400 (alternatively known as a de Havilland Canada Dash 8), crashed due to a landing gear failure after a nut worked loose, due in turn to rusting on the threads of its bolt, according to the SLV’s aircraft accident investigation committee report on Scandinavian Airlines Flight 1209. The nut and bolt were vital to the locking mechanism for the starboard landing gear, and consequently the structure collapsed.

The SLV does not specifically address why this occurred, but according to SLV spokesman Thorbjoern Ancker the problem is a design flaw, and not a maintenance issue as previously suspected. In his own words, ‘All speculation that this was an error by SAS is now shown to be wrong… It’s a constructional weakness.’ He explained that Bombardier maintenance documents supplied with the aircraft did not require maintenance personnel to inspect the bolt in question, and that accordingly this had not been done.

Pending completion of landing gear inspections by SAS, Norwegian, Swedish and Danish authorities will make a decision regarding whether the air carrier’s Q400 fleet should remain grounded, or be permitted to resume operations.

A spokesman for Bombardier refused to comment on the findings when contacted by reporters, preferring instead to wait until the publication of the final report into the accident. He did, however, make one comment regarding speculation that SAS would be compensated if the accident was proven to be the responsibility of the supplier, saying, “That will be part of the discussions between Bombardier and airlines.”

Scandinavian Airlines have canceled 111 flights today as their Q400s are grounded per Air Transport Canada orders, while SAS have concealed 110 flights today and tomorrow while their aircraft are grounded.

Bombardier have circulated a document to all operators of the type, containing advice recommending a revised inspection program.

Shares in Bombardier fell 14 cents, or 2.2%, to CA$6.21 and most recent reports have them at $6.25. The company is therefore currently valued at $11 billion. Goodrich, who manufactured the equipment, fell 9 cents, or 0.1%, to US$65.11. SAS, who own Scandinavian Airlines, fell 2.25 kronor, or 1.9%, to 115.75 kronor. A continuing fall in SAS shares prices over the last six weeks has almost negated all gains this year.

Tuesday, May 29, 2007

Five British citizens have been seized in the Iraqi capital, Baghdad. The group, comprising a finance expert and four bodyguards, were captured from the finance ministry by kidnappers wearing police uniforms and driving police vehicles. The BBC is reporting that over 40 police vehicles were involved in the incident.

In separate incidents, at least 22 people were killed and 55 injured in a bus explosion elsewhere in the city, and at least 15 people were killed in a car bomb which injured a further 36, possibly more.

It is believed the four bodyguards are employed by Canadian GardaWord, a subsidiary of Garda.

Saturday, October 27, 2007

Gay Talese wants to go to Iraq. “It so happens there is someone that’s working on such a thing right now for me,” the 75-year-old legendary journalist and author told David Shankbone. “Even if I was on Al-Jazeera with a gun to my head, I wouldn’t be pleading with those bastards! I’d say, ‘Go ahead. Make my day.'”

Few reporters will ever reach the stature of Talese. His 1966 profile of Frank Sinatra, Frank Sinatra Has a Cold, was not only cited by The Economist as the greatest profile of Sinatra ever written, but is considered the greatest of any celebrity profile ever written. In the 70th anniversary issue of Esquire in October 2003, the editors declared the piece the “Best Story Esquire Ever Published.”

Talese helped create and define a new style of literary reporting called New Journalism. Talese himself told National Public Radio he rejects this label (“The term new journalism became very fashionable on college campuses in the 1970s and some of its practitioners tended to be a little loose with the facts. And that’s where I wanted to part company.”)

He is not bothered by the Bancrofts selling The Wall Street Journal—”It’s not like we should lament the passing of some noble dynasty!”—to Rupert Murdoch, but he is bothered by how the press supported and sold the Iraq War to the American people. “The press in Washington got us into this war as much as the people that are controlling it,” said Talese. “They took information that was second-hand information, and they went along with it.” He wants to see the Washington press corp disbanded and sent around the country to get back in touch with the people it covers; that the press should not be so focused on–and in bed with–the federal government.

Augusten Burroughs once said that writers are experience junkies, and Talese fits the bill. Talese–who has been married to Nan Talese (she edited James Frey‘s Million Little Piece) for fifty years–can be found at baseball games in Cuba or the gay bars of Beijing, wanting to see humanity in all its experience.

Below is Wikinews reporter David Shankbone’s interview with Gay Talese.