Worldwide markets fall precipitously

Monday, October 6, 2008

Stock markets around the world have fallen dramatically today. This is following the ongoing events in the financial world, including the US Government’s $700 billion bail out of the financial sector.

As of 14:48 UTC, the primary UK index, the FTSE 100, dropped in value by 6.50% (323.65 points) to a point even further below the 5000 mark at 4656.60. The Dow Jones, was down 3.76% at 16:08 UTC, a slight increase from earlier today. The Dow Jones currently has a value of 9936.94 points, below the ten thousand mark. The Nasdaq index has fallen by 100.12 points to 1847.27, while the DAX was 6.62% lower than the start of the day as of 16:08 UTC.

The Dow Jones index was one that fared particularly poorly today, as not one of its companies increased its share price. The same is true for the CAC 40 index. The Merval index is another one that fared badly today. It dropped in value by 10.12%, while the affiliated Merval 25 index dropped by nearly as much, 10.03%. One of the worst faring indexes of the day was the Brazilian Bovespa index. It has already fallen by 14.45% today, despite the fact that it is not even half way through the trading day.

20:15, 06 October, 2008 (UTC)
  • DJIA
  • 9.955,50 369,88 3,58%
  • Nasdaq
  • 1.862,96 84,43 4.34%
  • S&P 500
  • 1.056,85 42,38 3,86%
  • S&P TSX
  • 10.298,80 504,50 4.67%
  • IPC
  • 21.669,70 1,319,82 5,74%
  • Merval
  • 1.423,350 89.360 5,91%
  • Bovespa
  • 42.090,94 2,426.36 5,45%
  • FTSE 100
  • 4.589,19 391,06 7,85%
  • DAX
  • 5.387,01 410,02 7,07%
  • CAC 40
  • 3.711,98 368,77 9,04%
  • SMI
  • 6.458,72 421,10 6,12%
  • AEX
  • 312,56 31,46 9,14%
  • BEL20
  • 2.567,59 189,42 6,87%
  • MIBTel
  • 17.976,00 1,615,00 8,24%
  • IBEX 35
  • 10.726,00 692,50 6,06%
  • All Ordinaries
  • 4.544,70 158,10 3,36%
  • Nikkei
  • 10.473,10 465,05 4,25%
  • Hang Seng
  • 16.803,80 878,64 4,97%
  • SSE Composite
  • 2.173,74 120,05 5,23%

    Posted in Uncategorized

    Lobby groups oppose plans for EU copyright extension

    Tuesday, February 26, 2008

    The European Commission currently has proposals on the table to extend performers’ copyright terms. Described by Professor Martin Kretschmer as the “Beatles Extension Act”, the proposed measure would extend copyright from 50 to 95 years after recording. A vast number of classical tracks are at stake; the copyright on recordings from the fifties and early sixties is nearing its expiration date, after which it would normally enter the public domain or become ‘public property’. E.U. Commissioner for the Internal Market and Services Charlie McCreevy is proposing this extension, and if the other relevant Directorate Generales (Information Society, Consumers, Culture, Trade, Competition, etc.) agree with the proposal, it will be sent to the European Parliament.

    Wikinews contacted Erik Josefsson, European Affairs Coordinator for the Electronic Frontier Foundation (E.F.F.), who invited us to Brussels, the heart of E.U. policy making, to discuss this new proposal and its implications. Expecting an office interview, we arrived to discover that the event was a party and meetup conveniently coinciding with FOSDEM 2008 (the Free and Open source Software Developers’ European Meeting). The meetup was in a sprawling city centre apartment festooned with E.F.F. flags and looked to be a party that would go on into the early hours of the morning with copious food and drink on tap. As more people showed up for the event it turned out that it was a truly international crowd, with guests from all over Europe.

    Eddan Katz, the new International Affairs Director of the E.F.F., had come over from the U.S. to connect to the European E.F.F. network, and he gladly took part in our interview. Eddan Katz explained that the Electronic Frontier Foundation is “A non-profit organisation working to protect civil liberties and freedoms online. The E.F.F. has fought for information privacy rights online, in relation to both the government and companies who, with insufficient transparency, collect, aggregate and make abuse of information about individuals.” Another major focus of their advocacy is intellectual property, said Eddan: “The E.F.F. represents what would be the public interest, those parts of society that don’t have a concentration of power, that the private interests do have in terms of lobbying.”

    Becky Hogge, Executive Director of the U.K.’s Open Rights Group (O.R.G.), joined our discussion as well. “The goals of the Open Rights Group are very simple: we speak up whenever we see civil, consumer or human rights being affected by the poor implementation or the poor regulation of new technologies,” Becky summarised. “In that sense, people call us -I mean the E.F.F. has been around, in internet years, since the beginning of time- but the Open Rights Group is often called the British E.F.F.

    Contents

    • 1 The interview
      • 1.1 Cliff Richard’s pension
      • 1.2 Perpetual patents?
      • 1.3 The fight moves from the U.K. to Europe
      • 1.4 Reclaiming democratic processes in the E.U.
    • 2 Related news
    • 3 Sources
    • 4 External links
    Posted in Uncategorized

    California public school requires RFIDs on students

    Saturday, February 12, 2005

    Sutter, CA –An elementary school in northern California has been testing a radio frequency identification (RFID) tag-based identification program on its 7th and 8th grade students since January 18th, 2005. According to the ACLU, this is the first time that public school students in the United States have been required to wear devices that enable automatic identification. RFIDs have previously been used to track students in Japan.

    RFID tags contain antennas to enable them to receive and respond to radio-frequency queries from an RFID transceiver, enabling identification of pupils when they are in the vicinity of the detectors.

    Each student is required to wear an ID card on a lanyard around their neck. An RFID tag, manufactured by local Sutter corporation Incom, is attached to the card. The school has installed RFID detectors at the doors of seven classrooms as well as the bathrooms, though they claim that the bathroom units were not turned on, and subsequently been removed after complaints from parents.

    While some parents have complained about the system, local high school teacher Tim Crabtree told the San Francisco Chronicle, “It’s baffling why so many people are bothered by the district being able to tell them where their kids are at,”

    On the other side, the San Francisco Chronicle quotes the 13-year-old daughter of Michelle and Jeff Tatro as saying:”Look at this. I’m a grocery item. I’m a piece of meat. I’m an orange.” Another couple in Sutter, Michael and Dawn Cantrall, filed a complaint with the American Civil Liberties Union, or ACLU. The complaint centered on the violation of privacy and concerns about safety.

    Posted in Uncategorized

    Police ends demonstration of anarchist squatters in Belgium

    Saturday, June 23, 2007

    Last Monday, the police entered the abandoned house in Leuven, Belgium, that anarchist squatters had occupied for seven years. None of the squatters were present at the time, mostly due to exams. The premises was evacuated and the police dumped everything inside in containers. The house, which the squatters had baptised Villa Squattus Dei, belongs to the Catholic organisation Opus Dei.

    As a reaction, the anarchists had called for a non-violent demonstration on Friday, starting at 20:00 p.m. (UCT+1) in front of city hall of the Flemish university town near Brussels. One of the protesters, who wished to remain anonymous, told Wikinews that the protest was mainly because the squatters were filled with indignation by the way the eviction took place. He also criticised the hypocrisy of the town mayor and politicians in the way they treated the squatters. Several media outlets reported speculation this week that some cases of arson were a retribution to the eviction of the Villa Squattus Dei.

    The police had completely cordoned off the Great Market square with barb wire fences. All pubs were closed and the preparation for a festival taking place the next day on the square, were delayed. Well over 100 squatters, anarchists and supporters gathered next to the Great Market. The Flemish radio- and television station VRT reports that prior to the beginning of the demonstration, 10 people were already arrested.

    The protesters marched through the city’s main streets. At a students house, which according to the squatters belongs to Opus Dei, the protesters threw paint, and a window got broken. During the demonstration, mayor Louis Tobback and alderman Brepoels responsible for housing, the police and Opus Dei were disparaged with slogans which translate to “You can’t evacuate ideals, fuck the police, squatting continues” and “Opus Dei get lost, Tobback go to your grave.”

    The police blocked the crowd’s passage to the Court building, but besides a little pushing the demonstration was non-violent up to that point. A police helicopter started tracking the demonstration from the air.

    On the Fish Market square, the police were pelted with stones and fireworks. A cameraman from VRT was hit by one of the stones and sustained a minor head injury. A little further down the street, some demonstrators started pushing an officer, and the police used their batons on the assailants, which they arrested.

    Since the passage to the city centre was again blocked, the squatters led the protesters to a nearby park to get some rest and regroup. From there, the demonstration moved up a hill, and to the nearby ring road. The police could not prevent the crowd to get onto the busy road, stopping the traffic in both directions. The police decided to take decisive action, with police cars storming in, and officers chasing the scattered crowd through the nearby bushes of the nearby abbey. Dozens of protesters were arrested.

    Via dark muddy forest roads, what was left over of the squatters and anarchists ended up near the canal harbour, where some of them decided to hide in another squat, an empty house and hangar.

    As nearby inhabitants gathered, police reinforcements from several nearby cities arrived in front of the squat house. According to VRT journalists on the scene, some 250 officers pulled an extra shift that day.

    Around 22:40 p.m. the police gave their first order to the squatters to evacuate the house. The area around the canal was completely sealed off. Some of the protesters were still among the crowd watching the police force, and the police arrested several more teenage protesters.

    Meanwhile, the police shifted their actions to the city centre, where they hoped to arrest several groups who took part in the protest. All night long, police cars drove around in the city centre looking for anarchists and squatters.

    Around 23:30 p.m. the squatters were still in their hideout near the canal, but the police force started leaving. There were only a few dozen protesters left in the squat, and the procedure to get a court order to evacuate them from the house hadn’t started yet, according to the Chief Constable on the scene.

    This morning around 11:00 a.m., the only trace of the squatters left was graffiti on the squat and a flag with anarchist symbols and the words “squat the city”.

    Posted in Uncategorized

    Second Darwin’s sandwich shop opens in Cambridge, Massachusetts, USA

    Thursday, June 2, 2005

    Darwin’s Ltd. opened a second location of their sandwich shop at 1613 Cambridge Street in Cambridge, Massachusetts, in late May. It is situated across from Cambridge Rindge and Latin School. Previously limited to one location at 148 Mount Auburn Street, the second store seats approximately 30 people and sells sandwiches, coffee drinks, locally made pastries, as well as some produce and snack foods. The establishment also provides free wireless access through the WanderingWifi service. The shop plays music during the day; during this reporter’s visit to the shop, selections played ranged from David Bowie to The Strokes. The store is air-conditioned.

    Key differences between the original store and the new one include the unification of the cafe and the sandwich line now behind one counter, handicap accessible restrooms, no beer or wine sold at location, and a lack of a loyal customer base. Although the recent months have been slow, business is expected to pick up with the return of Cambridge area students this autumn.

    While the original location of Darwin’s was recently cited for lacking sneeze guards before the kitchen counter, according to the Cambridge Chronicle, the new Darwin’s has acrylic sheets along the front of their sandwich counter. The original Darwin’s has installed the sneeze guard at the kitchen counter the day following citation.

    This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
    This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
    Posted in Uncategorized

    Elwood Norris receives 2005 Lemelson-MIT Prize for invention

    Tuesday, April 19, 2005

    MIT has announced that Elwood “Woody” Norris, inventor of potentially revolutionary technologies of Hypersonic Sound beams and AirScooter flying vehicles, will receive this year’s Lemelson-MIT prize for invention this Friday, April 22. The prize comes with an award of US$500,000, making it the largest single award for invention given in the United States.

    Contents

    • 1 Hypersonic Sound beams
    • 2 AirScooter flying vehicles
    • 3 Woody Norris
    • 4 Sources
    • 5 Press Releases
    • 6 External links
    Posted in Uncategorized

    Smoke from massive warehouse fire in Buffalo, New York USA can be seen 40 miles away

    Monday, May 14, 2007

    Buffalo, New York —A massive warehouse complex of at least 5 buildings caught on fire in Buffalo, New York on 111 Tonawanda Street, sending a plume of thick, jet black colored smoke into the air that could be seen as far away as 40 miles.

    As of 6:40 a.m., the fire was under control, and firefighters were attempting to stop it from spreading, but could not get to the center of the fire because of severe amounts of debris. Later in the morning, the fire was extinguished.

    “The fire is mostly under debris at this point. It’s under control, but it’s under some debris. We really can’t get to it. We’re just going to have to keep on pouring water on it so it doesn’t spread,” said Thomas Ashe, the fire chief for the North Buffalo based fire division who also added that at one point, at least 125 firefighters were on the scene battling the blaze. One suffered minor injures and was able to take himself to the hospital to seek medical attention.

    Shortly after 8:00 p.m. as many as 3 explosions rocked the warehouse sending large mushroom clouds of thick black smoke into the air. After the third explosion, heat could be felt more than 100 feet away. The fire started in the front, one story building then quickly spread to three others, but fire fighters managed to stop the flames from spreading onto the 3 story building all the way at the back.

    According to a Buffalo Police officer, who wished not to be named, the fire began at about 7:00 p.m. [Eastern time], starting as a one alarm fire. By 8:00 p.m., three fire companies were on the scene battling the blaze. Police also say that a smaller fire was reported in the same building on Saturday night, which caused little damage.

    At the start of the fire, traffic was backed up nearly 4 miles on the 198 expressway going west toward the 190 Interstate and police had to shut down the Tonawanda street exit because the road is too close to the fire.

    At one point, traffic on the 198 was moving so slow, at least a dozen people were seen getting out of their cars and walking down the expressway to watch the fire. That prompted as many as 10 police cars to be dispatched to the scene to force individuals back into their cars and close off one of the 2 lanes on the westbound side.

    One woman, who wished not to be named as she is close to the owner of the warehouse, said the building is filled with “classic cars, forklifts, and money” and that owner “does not have insurance” coverage on the property. The building is not considered abandoned, but firefighters said that it is vacant.

    Officials in Fort Erie, Ontario were also swamped with calls to fire departments when the wind blew the smoke over the Niagra River and into Canada.

    It is not known what caused the fire, but a car is suspected to have caught on fire and there are reports from police and hazmat crews, that there were also large barrels of diesel fuel being stored in one building. Firefighters say the cause of the blaze is being treated as “suspicious.” The ATF is investigating the fire and will bring dogs in to search the debris.

    Posted in Uncategorized

    Canada’s Beaches—East York (Ward 32) city council candidates speak

    This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

    Friday, November 3, 2006

    On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Beaches—East York (Ward 32). Four candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Donna Braniff, Alan Burke, Sandra Bussin (incumbent), William Gallos, John Greer, John Lewis, Erica Maier, Luca Mele, and Matt Williams.

    For more information on the election, read Toronto municipal election, 2006.

    Contents

    • 1 Sandra Bussin (incumbent)
    • 2 William Gallos
    • 3 Erica Maier
    • 4 Luca Mele
    Posted in Uncategorized

    Toronto to have socialized city-wide wi-fi access

    Thursday, March 9, 2006

    Toronto’s public utility, Toronto Hydro Telecom, will make Canada’s largest city into a huge wireless hotspot.

    “This is both an exciting and very important initiative for the city of Toronto”, said Toronto’s mayor, David Miller. “It puts us on the leading edge of the telecommunications industry nationwide and globally.”

    Toronto Hydro Telecom will offer customers free access for the first six months. After that, it will begin to charge for services.

    “Wi-Fi technology is the new benchmark for urban living”, stated Toronto Hydro president David Dobbin. “It’s standard equipment in many electronic devices, from laptops to portable entertainment units.”

    Private telephone companies are questioning why a public utility needs to compete with the private sector.

    Mike Lee of Rogers Communications Inc. questioned why the city of Toronto wanted to enter the internet access business.

    “It will not be an easy business”, Lee told the National Post. “In this day and age, the focus should be on core operations more than anything. I was surprised to see they are looking to get into this business.”

    Brian Sharwood, a telecom analyst in Toronto, said the municipality will likely install the wireless transmitters and receivers on its lamp posts as a way to blanket the city, a process known as “wireless mesh networking”.

    Posted in Uncategorized

    Fuel leak prompts 17,000-vehicle recall by Toyota

    Sunday, June 27, 2010

    Toyota announced on Friday that it will recall around 17,000 Lexus vehicles in response to risks of the fuel tank in the cars leaking after a collision.

    The Lexus HS 250h model was subjected to the recall following a US National Highway Traffic Safety Administration (NHTSA) investigation. Despite previously passing Toyota safety inspections, the conclusions of an NHTSA sub-contracted investigator were that; when the vehicles in question collided with an object at more than fifty-miles-per hour, more than 142 grams of fuel, the maximum allowed by US law, leaked from the crashed car.

    According to Toyota, further tests did not show any additional failure of the fuel tank.

    In response to the findings, Toyota issued a recall of all affected vehicles, since the company had no solution immediately available. The recall includes 13,000 cars already sold, as well as another 4,000 still at dealerships.

    Toyota says it plans to conduct further tests to determine the cause of the leak. A Toyota spokesman, Brian Lyons, said that the company was “still working to determine what the root cause of the condition is.” It’s still unclear when exactly the recall will take place, or when dealerships will be allowed to sell this model again. Lyons said that Toyota is “working feverishly to get this resolved as soon as possible.”

    Toyota isn’t aware of any accidents stemming from the leaking fuel tank in the affected vehicles, first introduced in the summer of 2009.

    Posted in Uncategorized