Lobby groups oppose plans for EU copyright extension

Posted on February 4, 2019February 4, 2019Categories Uncategorized

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

Bank of America leads Consumer Financial Protection Bureau complaints about mortgages

Posted on February 3, 2019February 3, 2019Categories Uncategorized

Thursday, October 3, 2013

A review this week by Wikinews of US Consumer Financial Protection Bureau (CFPB) complaints about mortgages in the United States shows Bank of America leads all lending institutions in complaints.

Since mortgages complaints were recorded in December 2011, 77,622 total have been added to CFPB’s database. 29.2% of these complaints involved Bank of America, with the second most received by Wells Fargo, accounting for 15.5% of all complaints. JPMorgan Chase ranked third by volume of complaints with 9.8%. Ocwen was fourth with 8.7% and Citibank was fifth with 4.8%. Nationstar Mortgage; Green Tree Servicing, LLC; HSBC; PNC Bank; U.S. Bancorp; OneWest Bank; SunTrust Bank; Flagstar Bank; and Select Portfolio Servicing, Inc. each had between 1.0 and 3.8% of total complaints. The remaining 14.4% of all complaints about consumer mortgages were divided between about 530 other lending institutions.

The Motley Fool reported last month that for the past fiscal quarter, the biggest US based mortgage lenders were from first to fifth Wells Fargo, JPMorgan Chase, Bank of America, Quicken Loans and U.S. Bancorp.

According to the US Federal Reserve, debt for family residences stands at US$10.706 trillion for the second quarter of 2013. As of the end of June of this year, Bank of America is the United States’s second largest commercial bank with US$1.343 trillion in domestic assets. Wells Fargo is the fourth largest commercial bank with US$1.251 trillion in domestic assets. JPMorgan Chase is the largest US commercial bank with US$1.329 trillion in domestic assets and US$1.947 trillion in total assets.

The mortgage complaints in the CFPB report include several subproducts. Conventional fixed mortgages account for 27.1% of all complaints. Conventional adjustable mortgages account for 10.0%. FHA mortgages account for 7.7% of all complaints. Home equity loans or lines of credit account for 3.8% of all complaints. VA mortgages are 1.4% of all complaints. Second mortgages and reverse mortgages each account for 0.6% of complaints. The remaining 48.7% of complaints are about other mortgages or other mortgage issues. A few years ago, FHA loans accounted for about 10% of all US mortgages while VA loans accounted for about 3%. Prime loans accounted for over 75% of the market and the rest were subprime mortgages.

California leads all states by volume of complaints with 14768. It is followed by Florida, New York, Georgia and Texas. When complaints are divided by a state’s total population, New Hampshire leads. The state is followed by Washington D.C., Maryland, Georgia and Florida. Complaints do not correlate with national rankings for August’s foreclosure rate by state where Nevada topped the list, followed by Florida, Ohio, Maryland and Delaware.

Two zip codes account for over 1,000 total complaints between them. 565 complaints originated in the 48382 zip code, which is in Commerce Township, Michigan, located in suburban Detroit. 553 complaints originated in the 33071 zip code, in Coral Springs, Florida. According to real estate website Zillow, there are currently 1,033 properties in foreclosure in Coral Springs while Commerce Township only has 131 properties currently in foreclosure. Four other zip codes have 100 plus complaints originating from them. 91730, in Rancho Cucamonga, California, had 158 complaints. 33409, in West Palm Beach, Florida, had 132. 92626, in Costa Mesa, California, had 125 complaints. 92660, in Newport Beach, California, had 122 complaints. Respectively, the towns had 534, 1,068, 153, and 134 properties currently in foreclosure. These numbers are higher than for the cities of a few sampled zip codes where there was only one complaint, such as Gold Hill, Oregon which has 4 properties in foreclosure, and Decatur, Illinois which has 6 properties in foreclosure.

The CFPB categorizes complaints into six categories: “Loan modification, collection,foreclosure” or problems when a person is unable to pay; “Loan servicing, payments, escrow account” or problems with making a payment; “Application, originator, mortgage broker”; “Credit decision / Underwriting”; “Settlement process and costs”, and “Other”. The CFPB says the complaint types indicate consumers “appear to be driven by a desire to seek agreement with their companies on foreclosure alternatives. The complaints indicate that consumer confusion persists around the process and requirements for obtaining loan modifications and refinancing, especially regarding document submission timeframes, payment trial periods, allocation of payments, treatment of income in eligibility calculations, and credit bureau reporting during the evaluation period.” Currently, 59.6% of all complaints against lenders deal with being unable to pay. 25.1% deal with problems in making a payment. 7.0% have to do with the application process.

Of the complaint-heavy zip codes, for 48382 in Commerce Township, Michigan, 98.9% of all complaints have to deal with being unable to pay. Accounting for 23.4% of all mortgage complaints in Commerce Township, 132 of the complaints for being unable to pay were made regarding Bank of America, accounting for 97.8% or all but 3 complaints against them from the zip. 121 of the Bank of America responses in Commerce Township were closed with explanation and 12 were closed with non-monetary relief. 33071 in Coral Springs is different, with 537 of the 553 complaints being categorized under other. Only 11 complaints relate to foreclosure and issues with being able to pay. 92626 in Costa Mesa, where 32% of the mortgage complaints were about Bank of America and 26.4% were about Wells Fargo, had 93.6% of its complaints dealing with being unable to pay. 5 total complaints dealt with payment issues and 3 dealt with applications.

Beyond regional variance in complaint types lodged, the top five mortgage lenders by volume of complaints all had being unable to pay as their top complaint category, ranging between 55.8% for Citibank and 69.4% for Bank of America. Problems with payment accounted for the second largest area of complaints, with Ocwen having the largest percentage of complaints at 31.9% and Bank of America having the smallest at 18.8%. Foreclosure was the top area of complaints for a number of other lending institutions including 1st Alliance Lending, OneWest Bank, Ally Bank, Banco Popular de Puerto Rico, Bank of the West, BMO Harris, BOK Financial Corp, Caliber Home Loans, Inc, Capital One, Deutsche Bank and EverBank.

Nationally, complaints reached a high of 5,840 for January 2013, 1,107 more than the next highest month of April 2013. The total emerging for September is the second lowest since records were first kept in December 2011. On a state by state level, this pattern largely repeats with a major exception for Florida which saw a peak of 849 complaints in June 2012. Then, as now, Florida was one of the top five states in the nation in its foreclosure rate. The national January spike came as the Qualified Mortgage standard required by the The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 came into play. It required mortgage lenders to take steps to insure borrowers could repay their mortgages.

Bank of America’s complaint volume follows the national trend, with a spike in January 2013 with 1,925 total complaints. Unlike nationally, the next month by volume of complaints was February of this year with 1,598 complaints. Prior to that, the highest month was May 2012 with 1,418 complaints. The lowest volume of complaints is September this year with 334.

Wells Fargo matched national trends for volume of complaints by month, with the exception of the current month being the lowest on record for number of complaints with 197 compared to the next lowest month, December 2011, when they had 221. JPMorgan’s complaint volume by month spiked in January and March of this year with 504 complaints. April of this year was the next highest month with 493 complaints, edging out May of last year with 488 complaints. September this year is on track to be the lowest month by complaint volume.

The federal government shutdown is unlikely to impact the current mortgage situation in the United States directly for most consumers, though mortgage processing by the Federal Housing Administration could be slower, resulting in fewer mortgages processed.

Truck loses control in Andhra Pradesh, kills more than a dozen

Posted on February 2, 2019February 2, 2019Categories Uncategorized

Sunday, April 23, 2017

More than fifteen people were killed near the police station in Yerpedu, Andhra Pradesh, India after a heavily loaded truck lost control on Friday afternoon at about 1:45 P.M. IST (0815 UTC).

People, mostly from the village of Munagalapalem, were gathered to protest local illegal sand mining. The truck hit an electric pole, and destroyed nearby shops and vehicles causing a short-circuit and fire. Tirupati Urban Superintendent of Police R Jayalakshmi said the truck crushed some people under its wheels; six people were killed that way according to Renigunta deputy superintendent KS Nanjndappa. Other people died due to the short circuit and the fire. More than fifteen people were injured including the police station’s chief inspector and the sub-inspector. Reportedly at least ten were in a critical condition.

The driver fled after the accident. Victims were taken to hospitals in Tirupati, and Chennai and Vellore in Tamil Nadu. N Chandrababu Naidu, Andhra’s Chief Minister, said via Twitter, “State Cabinet has announced a compensation of Rs 5 lakh [0.5 million] to the families of the deceased.”

G20 protests: Inside a labour march

Posted on February 2, 2019February 2, 2019Categories Uncategorized
Wikinews accredited reporter Killing Vector traveled to the G-20 2009 summit protests in London with a group of protesters. This is his personal account.

Friday, April 3, 2009

London – “Protest”, says Ross Saunders, “is basically theatre”.

It’s seven a.m. and I’m on a mini-bus heading east on the M4 motorway from Cardiff toward London. I’m riding with seventeen members of the Cardiff Socialist Party, of which Saunders is branch secretary for the Cardiff West branch; they’re going to participate in a march that’s part of the protests against the G-20 meeting.

Before we boarded the minibus Saunders made a speech outlining the reasons for the march. He said they were “fighting for jobs for young people, fighting for free education, fighting for our share of the wealth, which we create.” His anger is directed at the government’s response to the economic downturn: “Now that the recession is underway, they’ve been trying to shoulder more of the burden onto the people, and onto the young people…they’re expecting us to pay for it.” He compared the protest to the Jarrow March and to the miners’ strikes which were hugely influential in the history of the British labour movement. The people assembled, though, aren’t miners or industrial workers — they’re university students or recent graduates, and the march they’re going to participate in is the Youth Fight For Jobs.

The Socialist Party was formerly part of the Labour Party, which has ruled the United Kingdom since 1997 and remains a member of the Socialist International. On the bus, Saunders and some of his cohorts — they occasionally, especially the older members, address each other as “comrade” — explains their view on how the split with Labour came about. As the Third Way became the dominant voice in the Labour Party, culminating with the replacement of Neil Kinnock with Tony Blair as party leader, the Socialist cadre became increasingly disaffected. “There used to be democratic structures, political meetings” within the party, they say. The branch meetings still exist but “now, they passed a resolution calling for renationalisation of the railways, and they [the party leadership] just ignored it.” They claim that the disaffection with New Labour has caused the party to lose “half its membership” and that people are seeking alternatives. Since the economic crisis began, Cardiff West’s membership has doubled, to 25 members, and the RMT has organized itself as a political movement running candidates in the 2009 EU Parliament election. The right-wing British National Party or BNP is making gains as well, though.

Talk on the bus is mostly political and the news of yesterday’s violence at the G-20 demonstrations, where a bank was stormed by protesters and 87 were arrested, is thick in the air. One member comments on the invasion of a RBS building in which phone lines were cut and furniture was destroyed: “It’s not very constructive but it does make you smile.” Another, reading about developments at the conference which have set France and Germany opposing the UK and the United States, says sardonically, “we’re going to stop all the squabbles — they’re going to unite against us. That’s what happens.” She recounts how, in her native Sweden during the Second World War, a national unity government was formed among all major parties, and Swedish communists were interned in camps, while Nazi-leaning parties were left unmolested.

In London around 11am the march assembles on Camberwell Green. About 250 people are here, from many parts of Britain; I meet marchers from Newcastle, Manchester, Leicester, and especially organized-labor stronghold Sheffield. The sky is grey but the atmosphere is convivial; five members of London’s Metropolitan Police are present, and they’re all smiling. Most marchers are young, some as young as high school age, but a few are older; some teachers, including members of the Lewisham and Sheffield chapters of the National Union of Teachers, are carrying banners in support of their students.

Gordon Brown’s a Tory/He wears a Tory hat/And when he saw our uni fees/He said ‘I’ll double that!’

Stewards hand out sheets of paper with the words to call-and-response chants on them. Some are youth-oriented and education-oriented, like the jaunty “Gordon Brown‘s a Tory/He wears a Tory hat/And when he saw our uni fees/He said ‘I’ll double that!'” (sung to the tune of the Lonnie Donegan song “My Old Man’s a Dustman“); but many are standbys of organized labour, including the infamous “workers of the world, unite!“. It also outlines the goals of the protest, as “demands”: “The right to a decent job for all, with a living wage of at least £8 and hour. No to cheap labour apprenticeships! for all apprenticeships to pay at least the minimum wage, with a job guaranteed at the end. No to university fees. support the campaign to defeat fees.” Another steward with a megaphone and a bright red t-shirt talks the assembled protesters through the basics of call-and-response chanting.

Finally the march gets underway, traveling through the London boroughs of Camberwell and Southwark. Along the route of the march more police follow along, escorting and guiding the march and watching it carefully, while a police van with flashing lights clears the route in front of it. On the surface the atmosphere is enthusiastic, but everyone freezes for a second as a siren is heard behind them; it turns out to be a passing ambulance.

Crossing Southwark Bridge, the march enters the City of London, the comparably small but dense area containing London’s financial and economic heart. Although one recipient of the protesters’ anger is the Bank of England, the march does not stop in the City, only passing through the streets by the London Exchange. Tourists on buses and businessmen in pinstripe suits record snippets of the march on their mobile phones as it passes them; as it goes past a branch of HSBC the employees gather at the glass store front and watch nervously. The time in the City is brief; rather than continue into the very centre of London the march turns east and, passing the Tower of London, proceeds into the poor, largely immigrant neighbourhoods of the Tower Hamlets.

The sun has come out, and the spirits of the protesters have remained high. But few people, only occasional faces at windows in the blocks of apartments, are here to see the march and it is in Wapping High Street that I hear my first complaint from the marchers. Peter, a steward, complains that the police have taken the march off its original route and onto back streets where “there’s nobody to protest to”. I ask how he feels about the possibility of violence, noting the incidents the day before, and he replies that it was “justified aggression”. “We don’t condone it but people have only got certain limitations.”

There’s nobody to protest to!

A policeman I ask is very polite but noncommittal about the change in route. “The students are getting the message out”, he says, so there’s no problem. “Everyone’s very well behaved” in his assessment and the atmosphere is “very positive”. Another protestor, a sign-carrying university student from Sheffield, half-heartedly returns the compliment: today, she says, “the police have been surprisingly unridiculous.”

The march pauses just before it enters Cable Street. Here, in 1936, was the site of the Battle of Cable Street, and the march leader, addressing the protesters through her megaphone, marks the moment. She draws a parallel between the British Union of Fascists of the 1930s and the much smaller BNP today, and as the protesters follow the East London street their chant becomes “The BNP tell racist lies/We fight back and organise!”

In Victoria Park — “The People’s Park” as it was sometimes known — the march stops for lunch. The trade unions of East London have organized and paid for a lunch of hamburgers, hot dogs, french fries and tea, and, picnic-style, the marchers enjoy their meals as organized labor veterans give brief speeches about industrial actions from a small raised platform.

A demonstration is always a means to and end.

During the rally I have the opportunity to speak with Neil Cafferky, a Galway-born Londoner and the London organizer of the Youth Fight For Jobs march. I ask him first about why, despite being surrounded by red banners and quotes from Karl Marx, I haven’t once heard the word “communism” used all day. He explains that, while he considers himself a Marxist and a Trotskyist, the word communism has negative connotations that would “act as a barrier” to getting people involved: the Socialist Party wants to avoid the discussion of its position on the USSR and disassociate itself from Stalinism. What the Socialists favor, he says, is “democratic planned production” with “the working class, the youths brought into the heart of decision making.”

On the subject of the police’s re-routing of the march, he says the new route is actually the synthesis of two proposals. Originally the march was to have gone from Camberwell Green to the Houses of Parliament, then across the sites of the 2012 Olympics and finally to the ExCel Centre. The police, meanwhile, wanted there to be no march at all.

The Metropolitan Police had argued that, with only 650 trained traffic officers on the force and most of those providing security at the ExCel Centre itself, there simply wasn’t the manpower available to close main streets, so a route along back streets was necessary if the march was to go ahead at all. Cafferky is sceptical of the police explanation. “It’s all very well having concern for health and safety,” he responds. “Our concern is using planning to block protest.”

He accuses the police and the government of having used legal, bureaucratic and even violent means to block protests. Talking about marches having to defend themselves, he says “if the police set out with the intention of assaulting marches then violence is unavoidable.” He says the police have been known to insert “provocateurs” into marches, which have to be isolated. He also asserts the right of marches to defend themselves when attacked, although this “must be done in a disciplined manner”.

He says he wasn’t present at yesterday’s demonstrations and so can’t comment on the accusations of violence against police. But, he says, there is often provocative behavior on both sides. Rather than reject violence outright, Cafferky argues that there needs to be “clear political understanding of the role of violence” and calls it “counter-productive”.

Demonstration overall, though, he says, is always a useful tool, although “a demonstration is always a means to an end” rather than an end in itself. He mentions other ongoing industrial actions such as the occupation of the Visteon plant in Enfield; 200 fired workers at the factory have been occupying the plant since April 1, and states the solidarity between the youth marchers and the industrial workers.

I also speak briefly with members of the International Bolshevik Tendency, a small group of left-wing activists who have brought some signs to the rally. The Bolsheviks say that, like the Socialists, they’re Trotskyists, but have differences with them on the idea of organization; the International Bolshevik Tendency believes that control of the party representing the working class should be less democratic and instead be in the hands of a team of experts in history and politics. Relations between the two groups are “chilly”, says one.

At 2:30 the march resumes. Rather than proceeding to the ExCel Centre itself, though, it makes its way to a station of London’s Docklands Light Railway; on the way, several of East London’s school-aged youths join the march, and on reaching Canning Town the group is some 300 strong. Proceeding on foot through the borough, the Youth Fight For Jobs reaches the protest site outside the G-20 meeting.

It’s impossible to legally get too close to the conference itself. Police are guarding every approach, and have formed a double cordon between the protest area and the route that motorcades take into and out of the conference venue. Most are un-armed, in the tradition of London police; only a few even carry truncheons. Closer to the building, though, a few machine gun-armed riot police are present, standing out sharply in their black uniforms against the high-visibility yellow vests of the Metropolitan Police. The G-20 conference itself, which started a few hours before the march began, is already winding down, and about a thousand protesters are present.

I see three large groups: the Youth Fight For Jobs avoids going into the center of the protest area, instead staying in their own group at the admonition of the stewards and listening to a series of guest speakers who tell them about current industrial actions and the organization of the Youth Fight’s upcoming rally at UCL. A second group carries the Ogaden National Liberation Front‘s flag and is campaigning for recognition of an autonomous homeland in eastern Ethiopia. Others protesting the Ethiopian government make up the third group; waving old Ethiopian flags, including the Lion of Judah standard of emperor Haile Selassie, they demand that foreign aid to Ethiopia be tied to democratization in that country: “No recovery without democracy”.

A set of abandoned signs tied to bollards indicate that the CND has been here, but has already gone home; they were demanding the abandonment of nuclear weapons. But apart from a handful of individuals with handmade, cardboard signs I see no groups addressing the G-20 meeting itself, other than the Youth Fight For Jobs’ slogans concerning the bailout. But when a motorcade passes, catcalls and jeers are heard.

It’s now 5pm and, after four hours of driving, five hours marching and one hour at the G-20, Cardiff’s Socialists are returning home. I board the bus with them and, navigating slowly through the snarled London traffic, we listen to BBC Radio 4. The news is reporting on the closure of the G-20 conference; while they take time out to mention that Canadian Prime Minister Stephen Harper delayed the traditional group photograph of the G-20’s world leaders because “he was on the loo“, no mention is made of today’s protests. Those listening in the bus are disappointed by the lack of coverage.

Most people on the return trip are tired. Many sleep. Others read the latest issue of The Socialist, the Socialist Party’s newspaper. Mia quietly sings “The Internationale” in Swedish.

Due to the traffic, the journey back to Cardiff will be even longer than the journey to London. Over the objections of a few of its members, the South Welsh participants in the Youth Fight For Jobs stop at a McDonald’s before returning to the M4 and home.

Markets down across the world; Dow Jones falls below 9,000

Posted on February 2, 2019February 2, 2019Categories Uncategorized

Thursday, October 9, 2008

20:45, 09 October, 2008 (UTC)
  • DJIA
  • 8.579,19 678,91 7,33%
  • Nasdaq
  • 1.645,12 95,21 5.47%
  • S&P 500
  • 909,92 75,02 7,62%
  • S&P TSX
  • 9.600,18 456,13 4.54%
  • IPC
  • 20.310,20 368,77 1,78%
  • Merval
  • 1.287,330 67.650 4,99%
  • Bovespa
  • 37.089,29 1,504.25 3,90%
  • FTSE 100
  • 4.313,80 52,89 1,21%
  • DAX
  • 4.887,00 126,62 2,53%
  • CAC 40
  • 3.442,70 54,19 1,55%
  • SMI
  • 5.798,84 274,61 4,52%
  • AEX
  • 281,97 3,69 1,29%
  • BEL20
  • 2.240,88 83,07 3,57%
  • MIBTel
  • 16.519,00 274,00 1,63%
  • IBEX 35
  • 9.902,90 394,70 3,83%
  • All Ordinaries
  • 4.291,30 78,50 1,80%
  • Nikkei
  • 9.157,49 45,83 0,50%
  • Hang Seng
  • 15.943,20 511,51 3,31%
  • SSE Composite
  • 2.074,58 17,64 0,84%

    Stock markets across the world fell dramatically this week on worries that recent government moves might not prevent a global recession. The largest drop was with the Dow Jones (DJIA), which fell 678 points or more than 7.3% to below 9,000, closing at 8,579.19. The index fell over 2,000 points in the past nine days to reach its lowest level since 2003. The S&P 500 was down more than 7%.

    The U.S. markets opened on the positive side, but with bad news coming from several different areas such as uncertainty over whether the 700 billion USD bank bailout bill passed by the United States House of Representatives and the Senate will be effective. Concerns over the lack of trading within the credit market was a primary cause of the drop.

    This was the seventh straight day of markets closing in severely negative numbers.

    HAVE YOUR SAY
    Do you think stock markets will continue to drop?
    Add or view comments

    One of the biggest stocks to drop was General Motors, which lost more than 33% of its value.

    In the UK, the FTSE 100 dropped from a day high of 145 points to 52.9 points lower, at a 4 year low. The biggest drop was Barclays, which dropped 13.1%.

    The only major world indexes that gained any value were the Hang Seng in Hong Kong, which closed up 511.51 points or 3.31%, and the Russian RTS, which partly recovered from yesterday’s fall with a 10.91% increase.

    “Markets are still sceptic with regards to the international coordination to face the problems of the financial system,” explained Barclays Capital economists, and they predicted stocks would continue to be volatile.

    Investors are awaiting the outcome of several meetings that will be held this weekend. Finance ministers from the G7 will be gathering in Washington, and the International Monetary Fund and the World Bank will be holding their autumn meetings.

    In response to the financial tsunami, the European Central Bank (ECB) opened an unlimited emergency credit line on Thursday to stimulate liquidity in the institutions that are facing bankruptcy. Through six-day credits, the ECB plans to financially aid the 15 countries which are part of the Eurozone. Furthermore, it injected $100 billion dollars into the market, duplicating the figure it had originally offered.

    Iceland nationalized Kaupthing Bank, the most important bank in the country. The Nordic state – whose economy is highly dependent on the banking system – is having great financial problems after the government nationalized the three most important banks, and could face bankruptcy.

    Central banks in Argentina, Brazil and Mexico also decided to intervene in the market to stop the rapid devaluation of their currencies, fearing a capital flight out.

    Germany’s Chancellor Angela Merkel did not rule out nationalizing banks.

    Iraqi, American forces raid insurgent training camp, killing 85

    Posted on February 1, 2019February 1, 2019Categories Uncategorized

    Thursday, March 24, 2005

    Iraqi and American forces raided a training camp in a remote, rural region 160 kilometers north of Baghdad on Wednesday, killing 85 insurgents. Seven Iraqi commandos were killed in the raid and six were injured, according to the US military.

    In addition to placing the insurgent death toll at 85, the Iraqi government also said that between 500 and 700 Iraqi commandos took part in the raid.

    After encountering heavy fire from an estimated 100 insurgents as they approached the camp, the Iraqi commandos called in support from the American 42nd Infantry Division, which sent in ground troops and attack helicopters. The battle began at approximately 11a.m. local time (0800 UTC) and lasted seven hours.

    The training camp, located in a remote region near Lake Tharthar, which is adjacent to the predominantly Sunni Anbar and Salahuddin provinces, is the largest guerilla training camp that has been discovered in the war so far, according to Iraqi officials.

    The insurgents had planned to attack the city of Samarra, located 55 kilometers east of the lake, with a large number of car bombs, according to the Iraqi Interior Ministry.

    Iraqi officials claimed that most of the insurgents came from Arab countries, though men from the Philippines were also among the deceased insurgents. They also claimed to have captured one Algerian.

    “The Arab countries are sending fighters into Iraq because they want to destroy our democratic movement,” said General Rashid Flaiyeh, head of Iraqi police in Salahuddin Province, in an interview broadcast on state-run television network Al Iraqiya.

    Contador wins 2009 Tour de France; Cavendish wins six stages

    Posted on January 30, 2019January 30, 2019Categories Uncategorized

    Sunday, July 26, 2009

    Spaniard Alberto Contador of team Astana has won the 2009 Tour de France after crossing the line in a final time of 85:48:35 for the 21-stage grand tour. Andy Schleck from Luxembourg came in second place. Schleck, riding for Team Saxo Bank also won the maillot blanc for the young riders’ classification.

    American Lance Armstrong of Astana claimed the final podium spot, 5:24 behind Contador. The seven-time Tour-winner returned from retirement after winning the 2005 Tour de France.

    Winning the final stage at Champs-Élysées in Paris, France, was Mark Cavendish in a time of 4:02:18. The British cyclist won six stages this year, topping his achievement of four stage wins last year.

    The points classification was won by Thor Hushovd of Norway with 280. The Cervélo TestTeam rider finished ahead of Team Columbia-HTC‘s Cavendish, despite the latter’s multiple stage wins.

    The King of the Mountains winner is Italian Franco Pellizotti, riding for Liquigas, who also got the additional honor of being the most aggressive rider. Team Astana, with two men on the podium, won the team classification.

    Cheap Hotels Can Make Your Vacation Affordable And Fun

    Posted on January 30, 2019January 30, 2019Categories Boutique Hotels

    Submitted by: Jessica Nielson

    If you feel like going to a vacation, the place to stay in is an essential decision you must always take into consideration. In order to have a memorable and enjoying vacation, finding an affordable place to stay is a must. This is because the cost you incur in accommodation can play a significant chunk to your total vacation expenditure. Also if you stay in a cheap hotel, you can always spend the spare money to your other tourist destinations you want to visit; thus, maximizing your fun time and the number of places to visit.

    In addition to this, if you are spending a vacation together with your family, it is very important that you keep an eye to the hotel you are going to stay in. Look for hotels that offer the best deals so that you can always cut down the costs of your vacation. Finding these kinds of hotels can be really easy. You can do this by searching the hotels in the Internet. You can choose from a lot of hotels in the place. You can always choose if you want to stay near the airport, near the railway stations, tourist attractions and the city proper. Yet, above all, it is important to compare the hotels, the rates and the kind of accommodation they offer. Also, when you look at the internet, you can also find a list of vacation packages and other discount deals that you can avail. Another thing to be able to know the hotel rates and other hotel deals is by subscribing to their newsletters.

    [youtube]http://www.youtube.com/watch?v=PBLTkHqbqrM[/youtube]

    Truth be told, staying in cheap hotels is not just for budget vacationers. Cheap hotels can really help you stay in your budget and would let you enjoy more the place since you will have enough money to visit the places and buy souvenirs. Yet, when I say cheap accommodation, it does not really mean that you should have it roughed out. Cheap hotels mean that the price is just with the kind of accommodation they offer.

    To be able to land in an affordable place, a research is all you need. However, researching is not the only thing to do; you also need to consider some other things. A number of hotels would offer cheaper rooms which are taken quickly, that is why it is advisable that you book the room in advance. To be able to save more, go on vacation when it is off-season since the rates are lower. Also, if you have inquired for a room and then it has already been taken, it is really not bad if you inquire again some other time. In addition to this, if the hotel tariffs have lowered after a reservation has been made; other hotels will in fact give accommodations at the revised rates.

    Put in mind that when looking out for hotels, do not lose your bargaining skills as this can also help you land a good accommodation at lower rates. Some hotels are in fact often negotiable too! To be able to practice your bargaining skills, you must at first talk to the higher positions in the hotel like the sales manager. Also, it is an advantage if you will be informed about the facilities that the hotel have as well as the rates for each facility so you will know what amount to have in hand.

    About the Author:

    Cheap holidays 24

    will not only provide you guides but will also provide tricks on how to get a good accommodation. She even wrote an article about

    Hotel Tricks

    that you would surely benefit.

    Source:

    isnare.com

    Permanent Link:

    isnare.com/?aid=367382&ca=Travel

    US Senate Majority leader Harry Reid criticized over “Negro” comments

    Posted on January 30, 2019January 30, 2019Categories Uncategorized

    Monday, January 11, 2010

    Harry Reid, the Nevada Democrat who is US Senate Majority leader, is under a lot of criticism over comments he made during the 2008 United States presidential election, toward US President Barack Obama. The highlighted comment made by Reid was calling Obama a “light-skinned” black man “with no Negro dialect unless he wanted to have one.” The remarks were released in a book co-written by Time magazine reporter Mark Halperin, and New York magazine reporter John Heileman.

    Reid has since apologized for “using such a poor choice of words.” President Obama quickly accepted the apology. Reid has been a partner with the Obama Administration on issues such as health care reform. Democratic Party chairman Tim Kaine told Meet the Press “the comments were unfortunate and they were insensitive”, but “I think the case is closed because President Obama has spoken directly with the leader [Reid] and accepted his apology. […] We’re moving on.”

    Members of the Republican Party have called on Reid to resign over his comments. Party chairperson Michael Steele told Fox News Sunday “There is this standard where the Democrats feel that they can say these things and they can apologize when it … comes from the mouths of their own. But if it comes from anyone else, it’s racism,”. Having appeared alongside Kaine, where the Democrat Party chairman stated the case was closed, Steele argued that there was a double standard, on the basis of then-Senator Obama calling in 2002 calling for Trent Lott, at that time the majority leader, to be ousted for supporting the views of Strom Thurmond, who stood as a segregationist Presidential candidate in 1948.

    The book Game Change published today, also says that New York Senator Chuck Schumer encouraged Barack Obama to run in early 2006, even though he later endorsed his former colleague Hillary Clinton. Other revelations included that John McCain’s aides were concerned about Sarah Palin’s failure to understand basic facts prior to her ABC News interviews with Charles Gibson, including why North Korea and South Korea are separate countries.

    Co-authors Halpern and Heileman have a history of vocal criticism of media coverage of the 2008 Presidential election. In late 2008, Daily Kos reporter Jed Lewison drew attention to comments by Halpern, on-stage with Heilmen, asserting the reportage was, “extreme bias, extreme pro-Obama coverage”; he characterised election coverage as, “the most disgusting failure of people in our business since the Iraq war”. Halpern’s centrepiece example was an analysis of New York Times profiles on the prospective First Ladies; overlooking earlier NYT coverage that reported on Obama’s Caucasian ancestors being slave owners.

    Brazilian President Lula met Chavez, military and economic cooperation

    Posted on January 30, 2019January 30, 2019Categories Uncategorized

    Thursday, February 17, 2005

    CARACAS, Venezuela –The Brazilian President Luiz Inácio Lula da Silva met the Venezuelan President Hugo Chavez on February 14, 2005 in Caracas, Venezuela. Brazil and Venezuela signed agreements of cooperation on many areas. According to the Brazilian government this was a strategical encounteur. This meeting is the first of three meetings that President Lula will have with South American Presidents in three days. The scheduled meetings are with the presidents of: Venezuela (February, 14), Guiana (February, 15) and Suriname (February, 16).

    President Lula was accompanied by the following comitiva: the Minister of Development, Industry, and External Trade Luiz Fernando Furlan, the Minister of Finance Antônio Palocci, the Minister of Foreign Relations Celso Amorim, the Minister of Health Humberto Costa, the Minister of Mines and Energy Dilma Roussef, the Minister of Tourism Walfrido Mares Guia, the President of Petrobras José Eduardo Dutra, the President of National Economic and Social Development Bank (BNDES) Guido Mantega, the President of Eletrobrás Silas Rondeau Cavalcante Silva and the Special Secretary for Aquaculture and Fisheries José Fritsch. In addition a delegation of executives representing enterprises from Brazil accompanied the President.

    The Brazilian Ministry of External Relations told the trip aims the construction of a strategical alliance and commercial integration between both countries. The Brazilian Presidential Advisor Marco Aurélio Garcia said:”With this gesture, Brazil will consolidate one of its major political goals, which is the constitution of a South American community of nations”. He added: “These agreements with Venezuela are strategical. We want this agreement as a model for other agreements in the region.”

    According to President Lula the integration of the Latin America is the priority number one of his government. Days before the arrival in Venezuela and commenting about the trip Lula said: “We’re going to do the same thing in Colombia and in other countries in which integration is no longer a campaign speech but part of the way we deal with real things, day to day”.

    The integration of the Latin America is the politics repeatedly proposed by Lula during the meetings of the Foro de São Paulo. According to him and the others members of the Foro there must be a integration among all the left parties and governments of Latin America. The union aims to be an alternative and opposing force to the politics and influence of the richest countries, mainly the United States. Among the organizations which are usually participants of the Foro de São Paulo are: Communist Party of Cuba, Colombian Communist Party, Communist Party of Bolivia, Communist Party of Brazil, Workers’ Party, Paraguayan Communist Party, Peruvian Communist Party, Socialist Party of Peru, National Liberation Army, Revolutionary Armed Forces of Colombia, Farabundo Martí National Liberation Front, Guatemalan National Revolutionary Unity, Tupamaros.

    On December 4, 2001 during the 10th edition of the Foro de São Paulo in Havana Lula said:”A shoal of small fish may mean the finishing of the hungry in our countries, in out continent. We should not think as the History ended on our journey by the Earth. Even it happens just once, or with one gesture, let’s effectively contribute to the improve the life of millions of human beings who live socially excluded by this neoliberal model.”[1]

    In Venezuela, once again, he brought out the integration wish: “This is the biggest dream I am carrying, that we can negotiate collectively, not like one country, but like a set of countries so we can do that our people may have the chance to conquer the full citizenship.”

    Contents

    • 1 Economic cooperation
    • 2 Military cooperation
    • 3 See also
    • 4 References