Wednesday, April 1, 2009

General Motors Corporation (GM) announced on Wednesday that it saw a 45% drop in United States vehicle sales for its cars in March.

Executives from several auto firms, however, said that there was some hope for the auto industry to stabilise, as car sales rebounded in the last week of March.

“The market is starting to show small signs of life which need to be nourished like seedlings,” said the vice president and chairman of Chrysler LLC Jim Press. “It’s too early to see a trend, but spring shows signs of hope.”

Other automobile manufacturers also saw their car sales slip: Chrysler and the Japanese Toyota both reported a 39% loss, whilst Ford Motor Company sales fell 41%.

Annualised sales of vehicles in the car industry in the US are predicted to have dipped below nine million in March, compared to February’s 9.12 million, which was the lowest number since 1981.

“Auto makers are pulling every lever in their effort to attract buyers, as evidenced by the new programs from Ford and GM. The typical incentive programs simply do not resonate in today’s economy,” Jesse Toprak, an analyst for Edmunds.

Ford shares gained 2.3% to a level of US$2.69 in early trading at US stock markets on Wednesday, while stocks for Toyota’s US depository increased 5.9% to $67. GM shares slipped 1.6% down to $1.92.

Friday, June 20, 2008

Google Developer Day 2008 took place on June 18 at the Wharf 8 Venue Complex in Sydney, Australia. This is the fourth event after Japan, China, and Taiwan. Thirteen Google Developer days have been scheduled for 2008. About 650 local developers participated in this conference.

Internet APIs on websites and enterprises was emphasised at this event, in addition to discussions on Google Apps Engine, Google Maps, and Android.

Alan Noble, Engineering Director of Google Australia and New Zealand, hoped potential talents and developers can be discovered in this conference, and also commented about the Internet era to local media: “Developers took hold of the notion that the web itself is truly the platform of the future – an open playing field where anyone can build innovative applications.”

Friday, September 20, 2013

Cathedral Square, Sydney —The United States won the Wheelchair Rugby Tri-Nations Series against Australia and New Zealand at Cathedral Square in Sydney today.

Game Four, played at 12:30 yesterday, was played between the New Zealand Wheel Blacks and the Australian Steelers before a lunchtime crowd. Australia scored six straight goals in second quarter, to lead 29-44 at half time, and eventually came out the winners 41-57. The game featured an unusual duel between two 3.5-point players, Australia’s Ryley Batt and New Zealand’s Barney Konerferisi.

In Game Five, played under lights at 17:30 yesterday, the United States proved too good for New Zealand, winning 36-62. Game Six followed immediately after at 19:30. This game, between Australia and United States attracted a sizable and animated crowd that filled the venue. Australia had only beaten the United States once in the last seven years. The Steelers managed to win gold at the 2012 Summer Paralympic Games in London without having to play them.

Australia opened the game with three straight goals, but the United States caught up, and the score was 14-15 at quarter time, after a last second United States score was counted. While the United States frequently rotated its players, the Steelers had Ryley Batt, Chris Bond, Ryan Scott and Nazim Erdem on the court the whole time. Their strong defence caused timeouts and subsequent turnovers. Low-pointer Ryan Scott became an unlikely hero by prompting two turnovers. Australia won 64-53.

Game Seven was the Semi-Final, between Australia and New Zealand, and was played at 12:00 today. The weather was warm and sunny. The New Zealanders performed a Haka, but it did not bring victory. This time Australia rotated its players, and Bond and Batt were on the court together only briefly just before half time, and again in the last four minutes. Australia won handily, 62-45.

The Final game was therefore between the United States and Australia under lights at 17:00 on today. The commentators called it “Friday Night Footy”. Australia once again played Bond, Batt, Erdem and Scott together, and took off to a three-goal lead, but the United States fought back with good defensive plays, tying the score at 14-all at quarter time. The United States scored three goals straight in the second quarter to take a 29-25 lead at half time. Hopes that Australia could repeat its win of the night before were dashed. The United States team had tight discipline and made few mistakes, in the end, winning 58-54.

Medals were presented to the players, coaches and team staff by Greg Hartung, the President of the Australian Paralympic Committee. The players of all three teams voted for the Most Valuable Player of the series, which went to Ryley Batt.

This is believed to be the first time that an international wheelchair rugby tournament has been held outdoors.

Friday, January 9, 2009

The Florida Gators defeated the Oklahoma Sooners by a score of 24 to 14 last night’s FedEx BCS National Championship Game to win the Division I title of the National Collegiate Athletic Association‘s American college football league. Florida, ranked Number 1 in the nation, were led by Heisman Trophy-winning quarterback Tim Tebow. “I promised the guys that I would go out and play with all my heart. I was so motivated tonight,” said Tebow. They were matched up against a Number 2 ranked Oklahoma team with a powerful offense, including this year’s Heisman Trophy winner, quarterback Sam Bradford. The game took place at a sold-out Dolphin Stadium in Miami, as a stadium record 78,468 fans attended the match.

Both team’s defensed dominated each others’ offenses in the first half, forcing a 7 to 7 score when halftime came against a Florida offense that averaged 54 points a game and an Oklahoma offense that averaged 40 points. In total, both team’s defenses had 4 interceptions, 2 for Florida and 2 for Oklahoma. Florida’s defense stopped Oklahoma twice during a goal line stand, stopping them on a fourth-down rush once, and a forced interception out of the hands of Oklahoma wide receiver Juaquin Iglesias by Florida’s Ahmad Black.

On the offensive side of the ball, Florida was led by Tebow. Although throwing 2 interceptions, Tebow completed 18 put of 30 passes for 2 touchdowns, as well as rushed 22 times for over 100 yards. Oklahoma quarterback Sam Bradford helped the Sooners offense through the air, completing 26 out of 41 passes for 256 yards and 2 passing touchdowns, but also throwing two interceptions. In the fourth quarter, Tebow completed a key 4-yard touchdown pass to wide receiver David Nelson, making the score 24 to 14 and putting the game out of reach for Oklahoma.

Some college fans believe that Florida did not rightly win the national championship, though. Fans of the Utah Utes believed that their undefeated team should have at least earned a spot in the game against Oklahoma or Florida’s one-loss teams. Fans of the USC Trojans and the Texas Longhorns also believed that the teams could have earned a spot in the game, due to their similar records. On the matter, Florida head coach Urban Meyer said “This is one of the best teams in college football history. Let someone else worry about all that. The Gators are No.1.”

On the game, Oklahoma head coach Bob Stoops commented “In the end, I’ll be glad to try again next year. If that’s the biggest burden I have to bear in my life, I’m a pretty lucky guy.” Tim Tebow, in a post-game interview, said “I was already motivated for a national championship game. But you know, there was some trash talking going on, and it just gets me going during the game.” In a losing effort, Sam Bradford commented “In the first half, we had opportunities that we didn’t take advantage of. In the second half, when we needed to make the plays, we just couldn’t do it.”

Friday, April 29, 2005

• Sgt. Hasan Akbar of the United States army has been sentenced to death for his grenade attack on officers in the days preceding invasion of Iraq. His defense team plans to appeal the case, arguing for life imprisonment. article
• The new Wynn Las Vegas hotel-casino has opened as the most expensive casino resort development ever. At US$2.7 billion, the development cost more than $1 million per room. article
• Swedish packaging company Korsnas Packaging opens production lines in Romania. Further international investment is expected as Romania makes its tax system corporate-friendly and accedes to the European Union in 2007. article
• In the lead-up to May 5th elections, United Kingdom leaders from the three largest political parties were interrogated on the BBC’s ‘Question Time’, with continuing concerns regarding the legality of the Iraq invasion dominating the discussions. article
• In two separate attacks, four Afghan police and one U.S. soldier were killed in Afghanistan. The police officers were killed in a convoy ambush, while the soldier was killed when a patrol was fired on.
• A UCLA team has fused deuterium using a pyroelectric crystal to create a strong electric field accelerator. The system does not produce more energy than it uses, but it could make feasible a safer form of fission reactor than current designs. article
• The United States Central Intelligence Agency ends interrogations and search for Weapons of Mass Destruction in Iraq, according to an addenda to a report from the Iraq Survey Group. In the addenda, Charles Duelfer reports they have finished interrogating 105 Iraqi scientists. article
• Italy’s Prime Minister has warned the United States Italy will not accept a draft report from the U.S. Military exonerating soldiers involved in the shooting of Italian agent Calipari and journalist Sgrena. article
• Scientists are unsure as to the cause, but near Hamburg a pond’s toad population are bloating up and exploding. article
• Italian Prime Minister Silvio Berlusconi’s government received a vote of confidence from the Italian Senate Thursday, after it earning the confidence of the House yesterday. article
• Harvard University planners met with the Agassiz Neighborhood Council to update the community about Harvard’s construction and expansion plans, including the Northwest Science Building and expansion of the Harvard Law School. article
• Ezer Weizman, former President of the State of Israel died at the age of 81. Weizman helped established the Israeli Air Force and went on to a political career first as a hawk and then made a public conversion to a dove. article

Saturday, April 16, 2005

The Food and Drug Administration (FDA) has penned a stiff reminder to drug giants Bayer Pharmaceuticals Corp. and GlaxoSmithKline PLC: pull your 15-second “reminder” ad for the erectile dysfunction drug, Levitra, off TV.

FDA said there is no evidence Levitra is better than rival drugs Viagra from Pfizer, or Cialis, owned by Eli Lilly and Co., in producing results that make female partners happy.

Levitra and Cialis together control about 30 per cent of the market for such drugs, but Pfizer takes the majority share.

Reminder ads can only call attention to a drug, not claim it works better, or at all.

“In one of [the ad’s] scenes, the man strokes the woman’s hair and face as she affectionately puts her hand on his wrist,” the FDA wrote. “In the other, she puts her arms around his neck and they embrace.”

“The totality of the TV ad also represents or suggests that Levitra will provide a satisfying sexual experience from the female partner’s perspective,” the agency wrote.

Glaxo spokesman Michael Fleming said the drug makers would comply. Bayer developed Levitra and partnered with Glaxo to market the pills in 2001. Bayer recently turned its part of the promotion over to Schering-Plough Corp.

Shares of Bayer fell 75 cents to $32.96 on Friday. Shares of GlaxoSmithKline rose 32 cents to close at $47.82. Schering-Plough shares rose 8 cents to end at $20.65.

Tuesday, July 28, 2015

Yesterday, former Indian president APJ Abdul Kalam died at the age of 83 after collapsing at about 6:30 p.m. local time (0000 today UTC) while delivering a speech about Livable Planet Earth at the Indian Institute of Management Shillong, in Meghalaya, India. Abdul Kalam was taken to Bethany Hospital’s intensive care unit and was declared dead about an hour and a half later.

Some army doctors were sent from North Eastern Indira Gandhi Regional Institute of Health and Medical Sciences. According to doctors at Bethany Hospital, Kalam was dead by 7 p.m. but they waited for the arrival of Meghalaya chief minister V. Shanmuganathan, about an hour later, before announcing the death.

LC Goyal, home secretary, said the Indian government will declare a seven day national mourning for Kalam. Home minister Rajnath Singh tweeted, “He was an inspiration to an entire generation.”

Kalam’s presidential term completed in July 2007.

Tuesday, January 31, 2012

Queen Elizabeth II, the British monarch, has today withdrawn and annulled a knighthood given to Fred Goodwin in 2004, heeding the advice given to her by a forfeiture committee. Goodwin is the former chief executive at the Royal Bank of Scotland Group (RBS) and was awarded his knighthood by the British government of the time for services to banking. The committee concluded “that widespread concerns about Fred Goodwin’s decision meant that the retention of a knighthood for services to banking could not be sustained.”

Goodwin was chief executive of RBS when they purchased ABN AMRO, a Netherlands bank, in 2007. The British government subsequently bailed out RBS for £45 billion, amidst the late-2000s financial crisis.

British prime minister David Cameron stated about the annulment: “The proper process has been followed and I think we’ve ended up with the right decision.” Cameron and Ed Miliband, UK Leader of the Opposition, both believed Goodwin’s knighthood should be removed. Miliband called it “the start of the change we need in our boardrooms.”

Liberal Democrat leader and Deputy PM Nick Clegg considered it to be the “right decision”. “[A]ppropriate” was the word George Osborne, Chancellor of the Exchequer used to describe it. “RBS came to symbolise everything that went wrong in the British economy in the last decade,” Osborne stated. Alex Salmond, First Minister of Scotland stated the title was given “for services to banking which could not therefore be sustained”, calling the decision “correct”.

Goodwin does not have the right to appeal against the decision, nor had the right to provide the forfeiture committee with any representations. The monarch holds sole responsibility for withdrawing all knighthoods; on this occasion Elizabeth II followed the advice of the committee, who decided to recommend the withdrawal to her. The Cabinet Office announced the advice had been given to the queen on the understanding that “Goodwin had brought the honours system in to disrepute”.

Speaking of the “exceptional case”, the committee explained: “In 2008, the government had to provide £20 billion of new equity to recapitalise RBS and ensure its survival and prevent the collapse of confidence in the British banking system. Subsequent increases in government capital have brought the total necessary injection of taxpayers’ money in RBS to £45.5 billion.” The committee understood that “Fred Goodwin was the dominant decision maker at RBS at the time.”

Until this announcement, criminal conviction and professional expulsion were the only causes for which individuals had their knighthoods revoked.

Monday, March 21, 2005

Barry Diller’s InterActiveCorp (IAC) is near a US$2 billion deal to buy search engine Ask Jeeves, according to a report in Monday’s Wall Street Journal.

The corporate boards from both companies were in talks all weekend negotiating what appears to be an all-stock deal. If approved, the price tag would be a substantial premium over Ask Jeeves valuation of $1.4 billion as of Friday’s stock market close.

The acquisition of Oakland, California-based Ask Jeeves by IAC would mean they own a known brand name and get a foothold in revenues from search engine advertising. The company also would become a direct competitor with companies such as Google, Yahoo!, Amazon.com and Microsoft who also have launched their own high-profile internet search engines. Ask Jeeves also owns other brands, including Excite.com and iWon.com.

Diller has built InterActiveCorp on the backbone of the cash generated by Home Shopping Network, a company he used to bankroll the purchases of a large portfolio of internet and electronic commerce companies. These include Expedia, Ticketmaster, Match.com, CitySearch and the LendingTree.

He also bought and grew cable networks USA Network and Sci Fi Channel before selling them off to NBC Universal, of which he is the largest individual shareholder.