fuzhong.org

Friday, April 1, 2011

The fallout from earthquake and tsunami catastrophes in Japan will cost Australia about A$2 billion in lost export earnings in the near term due to lower Australian exports to Japan, according to estimates in a Treasury brief released Thursday. After China, Japan is Australia’s largest export market, making up 15 percent of its total exports.

“The tragic events in Japan—together with the impact of floods and Cyclone Yasi at home—will clearly mean revenues take a substantial hit in the near term”, Treasurer Wayne Swan said in the brief.

Short term exports of “non-rural bulk commodities” are predicted to be lower as Japanese port facilities, coal-fired power stations and steel-making plants were damaged. Businesses whose export products are designated for Japan must find other customers to replace Japanese clients, the brief said. The loss of Japanese markets has been a contributor to a 6 percent drop in the price of iron ore and an 8 percent drop in the price of coal. Japan imports account for 27 percent of Australia’s iron ore and coal exports.

Also on Thursday, Japan’s manufacturing production index experienced its sharpest fall in the decade since data has been collected, indicating a steep fall in output for most businesses in Japan in March. Recently, Japanese industry seemed to be rebounding from the global financial crisis.

In Asia, concern is mounting that the electricity shortages and other disruptions to Japan’s manufacturing sector will affect manufacturing in various areas of Asia, since the manufacturing of many goods are dependent on the integrated network of supply chains.

Saturday, March 1, 2008

Wikinews held an exclusive interview with Max Riekse, one of the candidates for the Constitution Party nomination for the 2008 United States presidential election.

Riekse is a retired decorated United States Lieutenant Colonel in the United States Army who served in both the Vietnam War and the Iraq War. He is also a former public school teacher and Assistant Professor of Military Science at Western Michigan University. He has a B.A. in Political Science and International Relations from the University of South Florida as well as two M.A.s, one in Political Science and International Relations, the other in Eductaion and History. Both are from Western Michigan University.

We asked him if he thinks he has a good shot at winning the Constitution Party nomination and ultimately the presidency. He replied, “I will give it my best shot because I think I can do better then all previous Constitution Party presidential candidates….As to being in the White House in 2009, realistically, its a long shot; but so was Abe Lincoln in the new Republican Party.”

When asked about America’s public school system he said, “Local school boards and the people they are responsible to are the best judge of what is needed; this with state oversight, will help boost public school quality & education.”

Riekse is running for president because he has been “very tired of our Republican and Democratic choices for president for many years. With a population of some 300 million people to draw from, I would think we could do much, much better then we have been doing in regards to having a choice for president.”

Friday, June 30, 2006

STRASBOURG, France — T-Mobile suspended the Tour de France contestants Jan Ullrich and Oscar Sevilla, and they will not participate in the Tour de France. Ullrich’s mentor, Rudy Pevenage, is also suspended.

The news was published at today’s press meeting.

It is the first consequence of the big Spanish doping-scandal. The 32-year old Jan Ullrich won Tour de France in 1997. He was together with Team CSC’s Ivan Basso the favorite winner in Tour de France, and the Spaniards Oscar Sevilla was one of Ullrich’s most important helpers.

All three have to prove their innocence before they can be released, said the German crew who will try to get the two new bikers in the game.

Team CSC-owner Bjarne Riis said friday, when he was on his way to meet the other sports executives, and the Tour-management:

– “It is sad news. I just heard it. It is of course a shame.”

Altogether 22 riders are mentioned on the list.

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.

Saturday, July 31, 2010

The US government announced yesterday that economic growth in the USA has slowed to 2.4% in the second quarter as the economy struggles with high unemployment and the aftermath of the worst recession since the 1930’s.

This slower rate compares with a newly revised number of 3.7% for Q1, and 5% in Q4 of last year. Economists had been expecting economic growth of 2.5% for Q2.

For this year’s second quarter, the Bureau of Economic Analysis’ report on the economy carried more disappointing news. Consumer spending growth in the North American country slowed from 1.99% in Q1 to just 1.6%. Also, businesses and retailers stocked shelves at a slower pace, and America’s trade deficit, the largest in the world, widened as the country imported more goods.

The US Commerce Department also revised some of their estimated economic growth statistics. The Department revised their estimate of Q1 economic growth from 2.7% to 3.7%, and also revised their estimate of the severity of the 2007–2009 recession from a real-GDP contraction of 2.5% to an new figure of 2.8%. Also, there were some economic bright spots in Q2. State and local governments, who have been cutting spending for months, spent 1.3% more than in Q1. Residential investment grew 27.9% from ?12.3% in Q1. Nonresidential building investment rose for the first time in two years, and disposable personal incomes rose 4.4%, though it appears that people are not spending it.

Monday, December 31, 2007

What would you tell your grandchildren about 2007 if they asked you about it in, let’s say, 20 year’s time? If the answer to a quiz question was 2007, what would the question be? The year that you first signed on to Facebook? The year Britney Spears and Amy Winehouse fell apart? The year author Kurt Vonnegut or mime Marcel Marceau died, both at 84?

Let’s take a look at some of the international stories of 2007. Links to the original Wikinews articles are in bold.

Sunday, March 15, 2009

200,000 litres of oil leaked into waters off the coast of Brisbane from the Pacific Adventurer when their fuel tanks were damaged in rough seas on Wednesday. The figure is about ten times higher than the original estimate of twenty thousand litres of oil. The devastating diesel oil spill has spread along 60 kilometres (37 miles) of the Queensland coast. In addition, 31 containers with 620 tonnes of ammonium nitrate fertiliser flew overboard during the violent storm.

Questions are being asked why the Hong Kong cargo ship was out in seas with nine meter waves caused by Cyclone Hamish, a Category 5 tropical cyclone, as well as why the fertiliser containers were not properly secured. One of the overboard containers ruptured the hull of the Pacific Adventurer, causing between 30 to 100 tonnes of oil to spew from the severely damaged ship.

If the ammonium nitrate mixes with the heavy oil, an explosion could occur. None of the containers have been recovered. Some of these may float, but it is believed that they may have sunk which then may cause algal blooms.

Disaster zones have been declared at Bribie and Moreton Islands, and along the Sunshine coast.

The vessel’s owner, Swire Shipping, reported that a second leak began on Friday, when the ship began listing after docking at Hamilton for repairs. “As full soundings of the vessel’s tanks were being taken at the port to determine how much oil had leaked from the vessel, a small quantity of fuel oil escaped from the Pacific Adventurer,” it stated. The ship was brought upright, and a recovery vessel was used to suck up the oil from the water. The leak produced a 500m-long oil slick down the Brisbane River. Booms were placed around this oil spill so that a skimmer could clean up the second spill.

Swire Shipping could face clean up costs of AU$100,000 a day as well as fines up to AU$1.5million (US$977,000; £703,000) if found guilty of environmental breaches or negligence.

Sunshine Coast beaches are slowly starting to be reopened. The beach of Mooloolaba was still closed following reports of burning sensations from swimmers. 12 beaches remain closed; however, 13 have been reopened.

Over 300 state government and council workers are using buckets, rakes and spades in the clean up effort. Sunshine Coast Mayor Bob Abbott says the majority will be gone by Sunday afternoon. The full environmental impact on wildlife is not yet known. One turtle and seven pelicans have been found covered in oil.

There are concerns that the drinking water of Moreton Island is at risk, as the island uses water from the underground water table near the oil spill site.

“Every bucketload of contaminated sand has to be removed from the island by barge, and each bucketload from a front-end loader weighs about one tonne. It’s just an impossible task,” said Mr Trevor Hassard of the Tangalooma Dolphin Education Centre.

The commercial fishing industry has suffered from the incident. Trawlers won’t resume operations until Sunday evening, and any catches will be tested for human consumption.