Sunday, May 11, 2008

At the Pavilion of Taiwan Automotive Research Consortium during the AutoTronics Taipei 2008, in Taipei Time, the Next Consortium of Industrial Technology Research Institute (ITRI) unveiled a brand-new environmental-concept vehicle named “RoboScooter”. It was jointly designed by the Creativity Lab of ITRI, SYM Motors, and the Media Lab of Massachusetts Institute of Technology. This announcement was approved by industrial, governmental, and academical executives, but not just in Taiwan.

The ability for R&D to manufacture the electronic vehicles and bicycles was concerning to several automobile-related industries. There was concern not only from several trade shows, but also international competitions related to the design after winning several prizes back in Taiwan to establish the industrial position and brand image of “Made in Taiwan”. Since several industries like automobile are transformed to high-value industries, “creativity” progressively became a key element before unveiling any new products.

As of this sector, Wen-jean Hsueh (ITRI Creativity Lab General Director) hoped companies could do proper transformations on its R&D nature from “Made in Taiwan” to “Created in Taiwan” for best practice. This not only echoed “OBM” theory discussed at 2007 Taiwan Brands’ Trend Forum but also blended with a key element of production – “creativity”.

On the other side of SYM Motors, to solve the transportation problem for TWTC Nangang, SYM Motors Taiwan imported manufacturing technology from Kinglong Bus Co., Ltd. to manufacture several 4th-cycle low floor buses and sell them to Chung-hsing Bus Co., Ltd. and Kwang-huang Bus Co., Ltd. In this launch, the SYM Motors Taiwan hope this vehicle is energy-efficiency, easily-parked, and has creative functions which can improve the transportation habits of individuals.

A compilation of brief news reports forWednesday, October 4, 2006

October 1, 2006

The Brisbane Broncos have won the 2006 National Rugby League Telstra Premiership, defeating the Melbourne Storm 15-8, in front of almost 80,000 fans. The first all non-NSW final was contested between the first placed Storm, who were favourites to win and the third placed Broncos, almost unbackable at $2.25 at one stage.

Captain Darren Lockyer kicked the field goal which sealed Melbourne’s fate, however it was make-shift hooker Shaun Berrigan who won the Clive Churchill medal for most outstanding player on the field.

September 29, 2006

52 new species of marine life were found off the coast of Papua, Indonesia, one of the most biodiverse locations on Earth. One species found is a shark that appears to walk on its fins.

The area is a home to more than 1,200 known species of fish. The Research Team, Conservation International, is concerned that the life is threatened by fishing using dynamite and cyanide. As of September 26, 11% of the area is being protected by the Indonesian government.

September 29, 2006

IBM/Lenovo has announced the voluntary recall of over 526,000 laptop batteries due to manufacturing defects causing a few batteries to catch fire. The defective batteries were manufactured by Sony. This is the fourth recall due to Sony batteries, with prior recalls by Dell, Apple, and Toshiba. The batteries in this recall are believed to be manufactured between February 2005 though September 2006. This recall comes after an incident in a Los Angeles Airport where an IBM/Lenovo laptop caught fire.

Related news

• “Sony plans global replacement of laptop batteries” — Wikinews, September 29, 2006

Friday, December 12, 2008

Top broker and Wall Street adviser Bernard L. Madoff, aged 70, was arrested and charged by the FBI on Thursday with a single count of securities fraud, also known as stock fraud and investment fraud. He allegedly told senior employees of his firm on Wednesday that his $50 billion business “is all just one big lie” and that it was “basically, a giant Ponzi scheme (since at least 2005).” Mr. Madoff faces up to 20 years imprisonment and a fine of up to $5 million. FBI agent Theodore Cacioppi said Mr. Madoff’s investment advisory business had “deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in investors’ losses of approximately $50 billion dollars.”

The former chairman of the Nasdaq Stock Market is also the founder and primary owner of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. The firm is one of the top market maker firms on Wall Street. He founded his family firm with an initial investment of $5,000, after attending Hofstra University Law School. He saved the money earned from a job lifeguarding at Rockaway Beach in Queens and a part time job installing underground sprinkler systems.

A force in Wall Street trading for nearly 50 years, he has been active in the National Association of Securities Dealers (NASD), a self-regulatory organization for the U.S. securities industry. His firm was one of the five most active firms in the development of the NASDAQ, having been known for “paying for order flow,” in other word paying a broker to execute a customer’s order through Madoff. He argued that the payment to the broker did not alter the price that the customer received. He ran the investment advisory as a secretive business, however.

Dan Horwitz, counsel of Mr. Madoff, in an interview, said that “he is a longstanding leader in the financial-services industry with an unblemished record; he is a person of integrity; he intends to fight to get through this unfortunate event.” Mr. Madoff was released on his own recognizance on the same day of his arrest, after his 2 sons turned him in, and posting $10 million bail secured by his Manhattan apartment. Without entering any plea, the Court set the preliminary hearing for January 12.

Madoff’s hedge fund scheme may rank among the biggest fraud in history. When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets. The scheme would dwarf past Ponzis, and it would further be nearly five times the telecommunication company WorldCom fraud and bankruptcy proceedings in 2002.

The Securities and Exchange Commission filed a separate civil suit on Thursday against Bernard L. Madoff Investment Securities and its eponymous founder Mr. Madoff. It was docketed as “U.S. v. Madoff,” 08-MAG-02735, by the U.S. District Court for the Southern District of New York (Manhattan). SEC, New York associate director of enforcement, Andrew M. Calamari, asked the judge to issue seizure orders on the firm and its assets, and appoint a receiver. The SEC pleads, among others, that “it was an ongoing $50 billion swindle; our complaint alleges a stunning fraud that appears to be of epic proportions.” It further accused the defendant of “paying returns to certain investors out of the principal received from other, different investors” for years. Madoff’s hedge fund business had previously claimed to have served between 11 and 25 clients and had $17.1 billion in assets under management. But virtually all of the assets were missing.

United States District Court for the Southern District of New York Louis L. Stanton on Thursday appointed Lee Richards, a Manhattan lawyer, as the firm’s receiver. A hearing is set for Friday, for a ruling on the SEC’s petition to grant plenary powers to the receiver over the entire firm, and an absolute asset sequestration.

Doug Kass, president of hedge fund Seabreeze Partners Management said that “this is a major blow to confidence that is already shattered — anyone on the fence will probably try to take their money out.”

Tuesday, June 23, 2009

Authorities in the Mexican state of Sonora arrested 7 state officials, from the state finance department, yesterday; and charged them with negligent homicide for the deaths of 47 children in a fire at a daycare centre that occurred earlier this month.

In 2005, the Hermosillo, Mexico daycare was advised to carry out repairs in a safety inspection went unheeded. It is felt that negligence contributed to the massive fire Friday afternoon, June 5, taking the lives of 47 toddlers and infants and injuring the majority of the 142 children being cared for by six staff who were also hospitalized.

The ABC Daycare Centre installed a brightly coloured tarpaulin as a ceiling below the high roof. In 2005 the owners were advised to remove the tarp, and equip emergency exits and the main exit with larger and wider regulation sized doors. The daycare owners did not make the recommended changes, and continued to receive contracts to operate and also passed subsequent safety inspections including one a couple of weeks before the fire.

Officials have determined that the fire began in the neighboring warehouse which was used by the northern Sonora state Finance Department and contained license plates, tires, and paperwork. Nobody was working Friday and this warehouse was locked with the air conditioner left running. The air conditioner overheated, short circuited and melted its aluminum housing which began flames in the paperwork below. This neighboring warehouse had no fire alarms, fire extinguishers nor water sprinklers installed.

“The fire was caused by the overheating of an air conditioner due to continuous and prolonged use,” said Eduardo Medina Mora, the Attorney-General.

The fire and smoke rose above the wall connecting the daycare and Finance Department warehouse, and was trapped in the daycare between the tarp and the warehouse ceiling. The daycare fire alarms were installed below the tarp, and did not alert the staff to the fire trapped above the tarp until the tarp itself caught fire which instantly dispersed smoke and flames onto sleeping infants below. One of the emergency fire exits was padlocked shut and could not be used the day of the fire by rescue teams.

Seven finance department officials have been arrested on negligence and charges of negligence are to be laid also against seven others. “They are employees and officials with the Finance Department who have a direct responsibility for the warehouse where the fire started,” said Abel Murrieta, the state Attorney General.

The fire chief of Hermosillo has been removed from his position.

The wives of two high ranking state officials operated the privately run daycare under contract from the Social Security Institute. These two state officials have resigned. The owners will be charged with negligence by the state’s Finance Department. The Social Security Institute will also begin a civil lawsuit against the owners. The head of the Social Security Institute has stepped down and others have been suspended.

Sunday, August 5, 2012

The following is the ninth in a monthly series chronicling the U.S. 2012 presidential election. It features original material compiled throughout the previous month after a brief mention of some of the month’s biggest stories.

In this month’s edition on the campaign trail: the rules of third party candidate polling are examined, a third party activist causes four other parties to lose their place on the Illinois presidential ballot, and the new vice presidential nominee of the Justice Party speaks with Wikinews.

Wednesday, May 26, 2010

Authorities in Jamaica say that gunfights in the capital Kingston have left at least 30 people dead, as hundreds of troops and police search for an alleged drug kingpin wanted by the US. At least 25 people were injured as well.

The violence has been triggered by the Jamaican government’s efforts to extradite Christopher “Dudus” Coke, the alleged leader of the “Shower Posse” group. Armed security forces stormed the Tivoli Gardens slum of western Kingston on Monday in an effort to locate Coke, who has not been found. Last week, Coke’s supporters barricaded the area in an attempt to thwart his arrest.

The trouble has forced the closure of schools and businesses across the capital, and the government has appealed for blood donations for the wounded. A state of emergency is in effect for parts of Kingston.

The US has issued a travel alert to warn citizens against visiting the island nation. Jamaican Prime Minister Bruce Golding has promised “strong and decisive” action to restore order.

Tuesday, March 29, 2005 In a report from the Department of Homeland Security released on Friday, March 25, they allege the US Transportation Security Administration “made inaccurate statements” about its management of personal data belonging to passengers. The report claims, “TSA did not ensure that privacy protections were in place” as it handled data transfers to private contractors for use in the development of a computerized passenger screening application, called CAPPS II. While the report criticizes TSA for its inaccurate statements, it notes the “misstatements were apparently not meant to mischaracterize known facts,” but were instead “premised on an incomplete understanding” of the truth.

According to the report, the data at issue described passengers flying on the following airlines: America West Airlines, American Airlines, Continental Airlines, Delta Air Lines, Frontier Airlines, and JetBlue Airways. In most of the problematic transfers, the privacy violation occurred by allowing third parties to access passenger data that was not anonymized. In one case, passenger information was made public on the internet through a presentation prepared by Torch Concepts. According to the report, ” Torch Concepts’ subsequent efforts to remove the presentation from the internet have failed.”

In an AP report, Yahoo! News notes that TSA announced the launch of its “Secure Flight” system, saying, “Congress has said the agency can’t proceed with Secure Flight unless the Government Accountability Office reports that the technology ensures privacy and that the data are protected.” The report from the GAO was to be released Monday, March 27, 2005.