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Sunday, September 11, 2005

The retail price of gasoline has risen higher than ever in the wake of Hurricane Katrina. The losses from the deadly hurricane include the destruction of oil refineries all around the Mexican Gulf area, and resulted in a cut of nearly 11 percent of U.S. refining capacity.

It is estimated that 897,605 barrels of oil production has been curtailed, an amount which accounts for nearly 59.8% percent of the Gulf of Mexico’s total daily output. Since Katrina, 17.1 million barrels have not been produced. There were 122 oil platforms shut down, out of 819 platforms in the Gulf.

The national average retail price for gas was $3.04 on Sunday. This exceeds the previous inflation-adjusted record of $3.03, set in March of 1981.

The survey was published by Trilby Lundberg, who publishes such surveys semi-monthly.

These prices are all “thanks to Katrina,” said Lundberg.

Lundberg also says that prices could drop in the next few weeks, as the hurricane damaged areas are repaired, and less gas is being purchased nationwide because of lowered demand due to higher prices.

Wednesday, July 11, 2007

A fire broke out earlier today at an Airlines ramp control tower at the Miami International Airport. The building is currently being constructed. The fire is believed to have been sparked by hot roofing tar that spilled. The building is part of an expansion at the airport.

There fire is confined to the upper deck of the tower. There are no reports of flight delays because of the fire.

Wednesday, November 4, 2015

The Volkswagen emissions scandal continued yesterday with the company announcing 800,000 mainly diesel vehicles may also be affected by carbon dioxide emissions problems.

The company stated “the safety of the vehicles is in no way compromised”. They estimated potentially this could cost them €2bn on top of the €6.7bn set aside to pay for the cost of correcting 11 million cars affected when the scandal broke, in addition to fines by regulators.

This follows Monday’s revelation that the emissions scandal has affected up to 10,000 vehicles sold in the USA by brands in the Volkswagen group, although the company refutes the allegation. The United States Environmental Protection Agency (EPA), the regulatory body which has been investigating Volkswagen, claims the company fitted a number of recent Audi, Porsche, and Volkswagen models with technology that initiates secret components during emission tests to ensure the results are favourable.

The scandal began with damaging revelations that the car manufacturer has been using illegal software to enable diesel cars to cheat on mandatory emissions tests. This lead to a public apology on September 20 by then-chief executive Martin Winterkorn and the promise of an outside inquiry. He then resigned on September 23, and was replaced by Matthias Müller. The new allegation about Porsche is of particular concern for Müller, because he had previously been in charge of Porsche.

The company is expected to foot the bill for the recall of close to 500,000 VW and Audi cars affected at the time. There is also the possibility of Volkswagen having to pay federal fines of up to US$18 billion dollars because the US Clean Air Act sets a maximum fine of US$37,500 for each vehicle that contravenes the requirements of the Act.

An investigation into alleged breaches of environmental law was originally initiated on the advice of the International Council on Clean Transportation, a European non-governmental organisation. The EPA requested tests be carried out by West Virginia University, where the secret software was discovered.

The software, known as a “defeat device”, enabled cars to identify when they were being tested and to switch on the emission control system. The devices may have been adding urea to the car exhaust because that would reduce the amount of nitrogen dioxide. The car would release a fraction of the nitrogen oxide compared to when they were being driven normally. Emissions of nitrogen oxide contribute to smog and are thought to have caused a rise in respiratory illnesses like asthma.

Sunday, April 24, 2005

New York Stock Exchange (NYSE) announced last Wednesday that it has agreed definitively to merge with Chicago-based Archipelago Exchange (ArcaEx) and form a new publicly traded, for-profit company known as NYSE Group. This announcement was followed two days later by NASDAQ®, which independently announced a definitive agreement to purchase Instinet Group.

Archipelago and Instinet are innovative e-trading (electronic trading) companies, and formerly were the two largest American rivals to NYSE and NASDAQ, in recent years taking increasingly large portions of their market share. The Securities and Exchange Commission (SEC) and other regulatory agencies still have to review and approve the transactions, particularly with respect to US securities law and antitrust law, in order to ensure that the marketplace remains lawful and competitive.

Other pending issues for NASDAQ include obtaining the approval of Instinet shareholders, as well as customary closing conditions. NYSE must obtain the approval of its members and Archipelago shareholders.

These changes, a reaction to increased e-trading competition and a changed regulatory environment, will result in NASDAQ and NYSE trading each other’s shares and attempting to grab market share, which many hope will drive down transaction costs and ultimately benefit consumers. However, at least one commentator, Dan Ackman writing in Forbes, has noted that the trading commission at the NYSE currently averages less than a nickel (US$0.05) per share, and was less enthusiastic about potential efficiency gains from electronic trading at the exchange.

The transactions are also intended to make the two leading American stock exchanges more globally competitive with such exchanges as the London Stock Exchange, the Frankfurt Stock Exchange, the Toronto Stock Exchange, and the Australian Stock Exchange located in Sydney.

The time is 18:00 (UTC) on August 27th, 2006, and this is Audio Wikinews News Briefs.

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Thursday, September 26, 2013

Tuesday, World Bank released the 2012 World Development Report on Gender Equality and Development. In discussing Iceland, it suggests mandatory paid parental leave for mother and father have played an important role in changing norms in the country. Parents have a government mandated nine months leave, three for the mother, three for the father and three to to distribute between the two. Leave is paid at 80% of their wages. The report describes the changes in gender relations in Iceland as “promising” in terms of impact at work and at home.

Iceland’s boys and girls mean scores for the Programme for International Student Assessment mathematics test were nearly identical with boys just edging out girls with both scores around 510. Girls outperformed boys on the literacy test with a mean score of approximately 525 to 480. Iceland’s girls mathematics performance was similar to that of girls from Estonia, Germany and Belgium. Their performance on literacy was similar to Sweden, Poland, Switzerland, Estonia and Belgium.File:MargretSverrisdottir.jpg

Mortality rates in Iceland for 1,000 people aged 15–60 sits at 56, significantly better than the United States at 107, China at 113, India at 213, Iraq at 285, Afghanistan at 479, Malawi at 481 and Zimbabwe at 772. One of the reasons the report cites for Iceland’s relatively low mortality rate is it not located in a conflict country or in an HIV/AIDS affected country.

Iceland was one of 23 countries that currently have over 30% of its Parliamentarians who are female. Other countries with over 30% representation include Rwanda, Argentina, Cuba, Finland, the Netherlands, and Sweden. In the mid-1990s, there were only 5 countries. The report cites the 1983 creation of the Women’s Alliance, an all women’s political party, as bringing additional attention to women’s issues and deliberately attempting to increase the representation of women in Icelandic politics.

Despite some of the good news highlighted in the report about Icelandic women, there exists a systematic gender difference in earning potential. Icelandic women in both the private and public sector earn approximately 22% less than their male counterparts. Icelandic men have slightly more access to the Internet than Icelandic women by about 2%. Despite this slight disadvantage for Icelandic women, it is much better than some countries where the percentage differences are much greater. These countries include Austria, Croatia, Greece, Italy, Portugal, Azerbaijan, Serbia, Turkey, and Macedonia.

Wednesday, December 24, 2014With the English-language Wikinews continuing to increase the amount of original content published, we take a look back at some of the eighty-plus original reports from our contributors during 2014.

Sunday, April 13, 2008

“2008 Boao Forum for Asia” started two days ago in Bo’ao, Hainan, China, and participated with government and industrial executives worldwide. Because revolutions in the Web 3.0 era have made a major impact on global economy, several elites from the Internet industry like Kai-Fu Lee provided forecasts for this key industry in the forum.

Furthermore, Vincent Siew, the vice-president elect, provided his comments in the forum. But two coalitions (Pan-Blues and Pan-Greens) declared different comments on Siew’s participation.

But due to a hot topic of environment and greenhouse effect, Rajendra Kumar Pachauri, winner of 2007 Nobel Peace Prize, commented on this forum: “There were several sectors on energy-saving, not governments, but the public should play a great role in this global warming era.”