Sunday, July 5, 2009

The United Kingdom’s Serious Fraud Office is to launch an investigation into the collapse of car manufacturer MG Rover. The move follows the conclusion of a four-year enquiry started immediately after the firm became insolvent.

The group of four who owned MG Rover — John Towers, Nick Stephenson, Peter Beale and John Edwards — have been accused of asset stripping. The quartet, known as the Phoenix Four, paid a symbolic £10 (approximately €15) for Rover in 2000. At that time the company received an interest-free loan from former owner BMW for £427 million (approximately €700 million) and came with a large amount of unsold stock.

Between then and Rover’s April 2005 bankruptcy, by which time there were unpaid debts of £1 billion (approximately €1.5 billion), the Phoenix Four had removed an estimated £40 million worth of assets including pensions and salaries. An enquiry was launched by ministers that was expected to take a year, but the final report was not delivered to business secretary Lord Mandelson until three weeks ago.

The government used taxpayer’s money to fund a £6 million loan to MG Rover and attempted to negotiate a deal with a Chinese company, but these efforts failed. MG Rover’s collapse caused the loss of an estimated 15,000 jobs, including with various suppliers. A former MG Rover factory does still build a small number of MG sports cars in Longbridge by Shanghai Automotive Industry Corporation, who bought most of the designs.

The Phoenix Four released a statement criticising the criminal investigation. “There has never been any suggestion of improper conduct by the directors and this was confirmed in a report by the administrators PWC six months after they took over the running of the company. Four years on, any suggestion [of] another further investigation is frankly ridiculous and smacks of kicking this issue into the long grass. If the government has been so concerned to get to the heart of the matter why has it flatly refused more than 30 requests under the Freedom of Information Act which would have revealed correspondence and documents the directors believe would have shed some light on the government’s role in the affair?”

Friday, March 9, 2012

On Super Tuesday, Samuel Joseph Wurzelbacher, known more commonly as ‘Joe the Plumber’, won the U.S. Republican Party primary for Ohio’s 9th congressional district, which represents Toledo. He defeated real estate agent Steve Kraus, 51 percent to 48 percent, and will now face incumbent Democratic Representative Marcy Kaptur, who has held the seat since 1983.

Wurzelbacher received notice during the 2008 presidential election, when he asked a question about taxes to future president Barack Obama. Obama, who at the time was the Democratic Party presidential nominee, famously responded, “when you spread the wealth around, it’s good for everybody.” After this, Republican presidential nominee John McCain used Wurzelbacher as a representation of the average American worker, and attacked Obama’s response as socialist.

Following the exchange, students from the University of Massachusetts tried to draft Wurzelbacher to run against Kaptur in the 2010 congressional race, calling on him to “Plunge the crap out of Washington.” He initially expressed interest, but at that time did not run. In 2011, though, he announced his candidacy for 2012.

In the Republican primary, Wurzelbacher out-raised his opponent $60,000 to $10,000 and benefited from the endorsement of former 2012 Republican presidential candidate Herman Cain. Wurzelbacher said of partisanship, “Democrat, Republican…it’s something that the media uses to try to divide us as Americans…I’m not working for the Republican Party or Republicans, I’m working for the American people, and that includes all of us.”

In the Democratic primary, Kaptur defeated Representative Dennis Kucinich, who challenged her after his district was redrawn. Kaptur argues that Wurzelbacher is “going to have his own issues dealing with the electorate as he moves forward…I think the nature of the District is quite different than his value set.”

Wurzelbacher concedes that he lives in a largely Democratic and pro-Union community, but says the people are “all really good friends of mine…we agree on a lot of things, and ultimately what it comes down to [is] we want jobs, we want security, we want stability.”

Friday, February 17, 2006

Buffalo, New York —Savarino Construction Services Corp. has proposed a $7 million hotel project at the Forest and Elmwood Avenue intersection, according to The Buffalo News. The proposal calls for a 5-story, 45,000 square-foot 80-room hotel with underground parking for at least 50 vehicles, and 4,500 square-feet of retail space on the lower level.

Hans Mobius, the owner of the five properties to be purchased in the plan (1109 to 1121 Elmwood), reportedly signed a contract with Savarino to assemble the development.

“We saw a huge opportunity to bring something to the Elmwood Village that will make sense and bring a service that’s currently not available,” said Eva Hassett, vice president of Savarino. “Elmwood is such a wonderful place to eat, shop, walk and spend time. We believe this project will add to that vibrant environment.”

Some business owners in the area see it differently. Wikinews interviewed 2 of the 4 owners whose business’s would be demolished if the development goes through.

Nancy Pollina, of Don Apparel at 1119 Elmwood, who found out about the development only yesterday, said she is “utterly” against the proposal. Her apparel shop has stood at the same location for nearly 14 years. She has volunteered in the community, and helped create several gardens around bus shelters in the city, and served on Forever Elmwood Board for six years as head of Beautification. Patty Morris co-owns Don Apparel with Pollina.

“To say this is a good looking project, I want to say the emperor has no clothes. This [project] does not take into consideration the needs of the college students. I have been told by college students, these shops here, are the reason they leave the campus,” said Mrs. Pollina.

Buffalo State College is 500-feet from the intersection.

Michael Faust, the owner of Mondo Video said, “Well, I do not really want to get kicked out of here. The landlord was very open, and the deal he made with me when I moved in here was ‘the rent is cheap and I [the landlord] will not fix anything and that will not change.'” Faust said he first learned of the development plan, “about 48 hours ago. I found out on Tuesday when the Buffalo News called and asked for my opinion on this.” Faust has not said if he will make plans to relocate. “We have to see if this [house] is going to get knocked down first,” said Faust.

An “informational” meeting, where citizens can voice opinions and learn about the proposal, will be held on Tuesday February 21, 2006 at 5:00pm (eastern), at the Burchfield-Penney Art Center Gallery at Buffalo State College, Rockwell Hall.

Executive director of Forever Elmwood Corporation, Justin P. Azzarella would not comment on whether or not the organization supports the development, saying, “you will just have to come to the meeting.”

Forever Elmwood Corp. is designed to preserve and protect the unique and historic nature of Elmwood Avenue and its surrounding neighborhoods and encourage neighborhood commercial revitalization. The organization was founded in 1994.

Nearly two years ago, the Forever Elmwood Corp. assisted in the blocking of the demolition of the Edward Atwater house at 1089 Elmwood next to Pano’s Restaurant which is at 1081 Elmwood. Owner Pano Georgiadis wanted to expand his restaurant onto the property where the house now stands, but the Common Council denied his permit to demolish saying the house is a historical landmark and needs to be protected. Georgiadis, who has a bleeding ulcer, said that all the court cases landed him in the hospital. “I got a bleeding ulcer, and since then, I don’t care about this house anymore, or this city. I just go to work every day. I think [preservationists] are parasites,” said Georgiadis.

Georgiadis will not be attending Tuesday’s meeting saying, “I will be out of town.”

In 1995 Hans Mobius proposed a plan to develop a Walgreens, that was to be placed in the same location, but residents and business owners shot down the proposal. Walgreens eventually withdrew its request for a variance after pressure from the community.

Friday, September 18, 2015

Mr Justice Saunders today imprisoned a man for eight years at the Old Bailey in London after an FBI sting in which he tried to buy ricin on the Dark Web.

Mohammed Ali, 31, from Liverpool, was convicted at trial of attempting to possess a chemical weapon. He told the jury he was “curious” about the Dark Web, which is a largely hidden and difficult to police section of the Internet. Ali said he didn’t realise he had done anything illegal.

Ali was prosecuted under the Chemical Weapons Act 1996 after sending an undercover agent a message reading “Hi, would you be able to make me some ricin and send it to the UK?” He bought 500mg, which has the potential to kill about 1,400, but was sent a dummy package. Counter-terror police in the UK liaised with the FBI.

The powder, which Ali paid for in BitCoin, was actually harmless. Hidden inside a toy car, the package was treated with markers and his face glowed under ultraviolet light, indicating he had handled it. The judge said today there was “real risk” involved.

Ali told his trial he had discovered drugs and guns for sale. Computer analysis showed he had looked up ricin and other poisons; he said he went for ricin simply because it had appeared in Breaking Bad. He also searched for small animals after being advised to test it on a rodent; a to-do list on his computer included “paid ricin guy” and “get pet to murder”.

Mr Justice Saunders said the case called for “a deterrent sentence”, which “will appear harsh to the defendant and his family.” “Everyone needs to know that the possession of a chemical weapon is extremely serious and long prison sentences will follow.”

Friday, January 25, 2008

B2B Trade Area of Taipei Game Show, criticized by trade buyers last year, but accompanied with 2008 Taiwan Digital Content Forum, moved to the second floor at Taipei World Trade Center for world-wide participants with a better exchange atmosphere this year.

Not only local OBMs (Softstar Entertainment, Soft-World International Corp., International Games System Corp., …, etc.) but also companies from New Zealand, Canada, Japan, Hong Kong, and South Korea showcased different specialists with multiple styles. Especially on South Korea, participated members from G? Trade Show (Game Show & Trade, All-Round, aka Gstar) showcased gaming industry of South Korea and the G? upcoming at this November with brochures.

In the 2-days Digital Content Forum, world-class experts not only shared industry experiences, members from Taiwan Gaming Industry Association also discussed and forecasted marketing models for gaming industry. With participations from governmental, industrial, and academical executives world-wide, this forum helps them gained precious experiences of digital content industry from several countries.

According to the Taipei Computer Association, the show and forum organizer, the digital content industry in Taiwan was apparently grown up recent years as Minister of Economic Affairs of the Republic of China Steve Ruey-long Chen said at Opening Ceremony yesterday. Without R&Ds from cyber-gaming, and basic conceptions from policies and copyright issues, this (digital content) industry will be fallen down in Taiwan. If this industry wanted to be grown up in sustainability, gaming OBMs in Taiwan should independently produce different and unique games and change market style to market brands and games to the world.

Tuesday, January 22, 2008

Buffalo, New York —A woman in Buffalo, New York in the United States is in critical condition tonight at Sisters Of Charity Hospital after she accidentally set herself on fire.

The unnamed elderly woman was receiving oxygen for medical problems in her home and lit a cigarette, and the oxygen coming from her mask facilitated the ignition of her clothing, setting her on fire.

Despite her “severe” burns as described by firefighters on radio communications, she was still able to dial the emergency line in the U.S., 911.

In the U.S. only 4% of all residential fires were reportedly caused by smoking materials in 2002. These fires, however, were responsible for 19% of residential fire fatalities and 9% of injuries. The fatality rate due to smoking is nearly four times higher than the overall residential fire rate; injuries are more than twice as likely. Forty percent of all smoking fires start in the bedroom or living room/family room; in 35% of these fires, bedding or upholstered furniture are the items first ignited.

Thursday, October 29, 2009

The naming rights for St James’ Park, the home ground of English football club Newcastle United F.C., are to be put up for sale. The club stated that the club would be “welcoming offers for the stadium naming rights next season”. The move was part of a new drive to “maximise its commercial revenues”, after the announcement that owner Mike Ashley was not selling the club, which had been up for sale since May 2009.

St James’ Park is the largest and oldest football stadium in North East England. Football had been played at St James’ Park since 1880, with Newcastle United using it as their home ground since their inception, in 1892. Despite Newcastle being in the second tier of football, St James Park is the third largest club football stadium in England, behind Old Trafford and the Emirates Stadium.

Naming rights is not unprecedented in English football, including the Premier League grounds the Britannia Stadium, DW Stadium, Emirates Stadium, KC Stadium and Reebok Stadium. Bookmakers Ladbrokes named sportswear company and current club sponsor Addidas favourites to secure the rights. In order to stop the move, BBC Radio Newcastle football commentator Mick Lowes suggested that the Newcastle United Supporters Trust‘s used part of its reported £25m funds to pay Ashley not to sell the rights.

Ex-Newcastle striker and local sports pundit Malcolm Macdonald said of the decision:

they thought they had got on the wrong side of the people of Tyneside then just wait and see what happens if they go through with their plans to re-name St James’ Park because there will be an almighty uproar and outcry. It would upset people so much because it everyone’s second home. That is how people feel about it. It has been St James’ Park forever and a day and it should remain that way.

Lee Ryder, the Evening Chronicle‘s chief sportswrite blogged:

We need to make Coors Light Park a fortress” – to even imagine a future Toon player uttering such words will make many physically sick…Renaming St James’s Park is simply bad taste in the eyes of most Geordie fans – and many will feel that even the injection of silly money to do it will do nothing to make up for another piece of heritage being ripped away from the Tyneside streets….Renaming St James’s Park to Coors Light Park, Bwin Park or even the McDonalds Arena shows that Newcastle’s top brass have again got it so seriously wrong

George Caulkin of The Times wrote of the decision:

Renaming St James’ Park is a muddle-headed, flawed and divisive notion which must not and cannot stand. In an era of recession, there may be a need for Newcastle, in their own words, to “maximise their commercial revenues,” but if it comes at the expense of goodwill (what little there is left of it), hope and a sense of community, it would also come at a bitter, prohibitive, self-defeating cost.

There has been debate over the correct spelling and pronunciation of the stadium name, with differing accounts based on its meaning and origin. In 2008, the club insisted to the BBC programme Look North that the the correct spelling of the Stadium is St James’ Park, with no following ‘s’ after James’, because the stadium is not named as “the park of St James”, rather, it is named after the nearby St James Street, which predates the ground.

The announcement came on the same day as it announced Chris Hughton as the club’s permanent manager, and that owner Mike Ashley was taking the club off the market for a second time.