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Tuesday, March 13, 2007

Just two weeks after China sent global markets into a tumble, growing worries about sub-prime mortgage lenders in the United States are sending jitters through stock exchanges around the globe. The three major US stock market indices each fell two percent from Monday’s closing price, marking the second-biggest loss of 2007. London’s FTSE 100, Paris’ CAC 40 and Frankfurt’s DAX 30 indices each closed down more than 1 percent.

As the Mortgage Bankers Association reported that late payments on mortgages and home foreclosures in the US homes rose in the fourth quarter to their highest level in years, investors are concerned that not only US banks but also multi-national banks around the globe could have exposure.

More than two dozen sub-prime lenders have closed or sold operations as defaults on those mortgages have risen. “The delinquencies and defaults have started to soar,” said Nicolas Retsinas, director of Housing Studies at Harvard University. “A lot of these lenders started to make loans and lost track of some of the fundamentals.”

New Century Financial Corporation, the second largest sub-prime lender in the US, has recently revealed that its creditors were no longer providing funds and, further, it has become subject of an SEC investigation. The New York Stock Exchange has said it will delist New Century. Accredited Home Loan Lending, another major sub-prime mortgage specialist, said it was seeking fresh capital and waivers on its lending covenants.

Sub-prime lenders provide mortgages to people who do not qualify for loans from mainstream lenders, typically due to their credit histories. The lenders then bundle these mortgages as collateral for loans that they obtain from other financing firms, such as GMAC. Such firms can then repackage these loans and sell them as mortgage-backed securities. These securities may end up in the hands of major multi-national banks such as Citibank, HSBC, and Commerzbank. Each level of lending assumes a level of financial risk, but trouble can arise when the risk tolerances are exceeded. If too many homeowners default on their mortgages, the sub-prime lender can end up defaulting. If too many of these lenders default, as it is feared may be happening now, the defaults can cascade upward. While no one is predicting major bank failures at this point, it is feared that their profits could be hurt.

Saturday, April 28, 2007

The Canadian Food Inspection Agency (CFIA) has issued border alerts for specific protein ingredients, imported from China, that may be incorporated into products destined for human consumption.

Inspectors from the Canada Border Services Agency (CBSA) will hold products, such as wheat and corn gluten, as well as soy and rice proteins until they can be tested for melamine, the contaminant found to have sickened pets through its use in pet food. If determined to be free of melamine, the ingredients will be released to the intended recipient. Materials such as glutens and protein powders are used commonly in many forms of food products.

The CFIA said it was not acting on specific information, but rather taking a cautious approach to human protection. “That’s why we have the border lookout for the ingredient, so that we can proactively assess any potential that the product is contaminated,” Paul Mayers of the CFIA told CBC News.

Since the border alert for melamine is a new procedure, the government can’t be sure if the contaminant made it into the food chain previously. The CFIA acknowledged that the same Chinese company under suspicion in the tainted pet food affair had shipped wheat gluten to a Canadian company, which in turn used it in food for fish farms. Although the fish were subsequently eaten by people, the CFIA believes the health risk from such consumption would be low.

In related news, Canadian researchers at the University of Guelph believe they may have determined the mechanism of how melamine caused illness in cats and dogs.

Both cyanuric acid and melamine were found in urine samples from pets that died after consuming contaminated pet food. The two compounds react with one another to form crystals that may block kidney function, researchers at the university said. The researchers observed crystals formed in cat urine by the addition of melamine and cyanuric acid. The composition of these crystals matches those found in the urine of affected pets when compared by infrared spectroscopy (FTIR).

“You wouldn’t normally expect to find those compounds in pet food, and hence nobody was really looking for it,” said John Melichercik, director of analytical laboratory services. “It’s just another piece of the puzzle along the way in this particular pet-food issue.”

Tuesday, August 29, 2006

Prosecutors have withdrawn their case against John Mark Karr, the man who confessed to killing JonBenet Ramsey in 1996, as DNA tests do not place him at the crime scene.

“The people would not be able to establish that Mr. Karr committed this crime despite his repeated insistence that he did,” District Attorney Mary Lacy said in court papers. Lacy also said that prosecutors found no evidence placing Karr in Boulder at the time of the killing. She also vowed to keep pursuing leads in the murder, saying, “This case is not closed.”

Karr will remain in custody in Boulder until he can be sent to Sonoma County, Calif., to face child pornography charges dating from 2001.

According to reports by MSNBC and KUSA, a local television station in Denver, Colorado, tests performed on DNA samples taken from Karr do not match samples recovered from Ramsey’s body.

On its website, KUSA says it “has confirmed from two sources that the DNA taken from John Mark Karr, 41, does not match the DNA samples taken from the crime scene in the JonBenet Ramsey murder case. No charges will be filed against Karr in connection with the Ramsey case by the Boulder County District Attorney’s office.”

DNA from Karr’s hair and saliva were tested in the Denver, Colorado Police Department’s lab over the weekend.

“This information is critical because … if Mr. Karr’s account of his sexual involvement with the victim were accurate, it would have been highly likely that his saliva would have been mixed with the blood in the underwear,” said Colorado District Attorney, Mary Lacy. Lacy noted that Karr had become a suspect after exchanging e-mail with a professor in California.

Karr’s attorney has requested that all DNA evidence be handed over to the defense for examination. His attorney has also requested additional testing of Karr’s DNA; however, there is confusion about who represents Karr. Seth Temin, a public defender claims to represent Karr, but at least two other attorneys in California, Jamie Harmon and Patience Van Zandt, are also claiming to represent him.

“The warrant on Mr. Karr has been dropped by the district attorney. They are not proceeding with the case,” said Timen. “We’re deeply distressed by the fact that they took this man and dragged him here from Bangkok, Thailand, with no forensic evidence confirming the allegations against him and no independent factors leading to a presumption he did anything wrong,” added Timen.

JonBenét, a beauty queen, was found beaten and strangled to death in her Colorado home on the day after Christmas in 1996.

In a press conference earlier this month, Karr confessed to being with JonBenét when she died, adding that her death was an accident. “I was with JonBenét when she died. I loved JonBenét. She died accidentally. I am so very sorry for what happened to JonBenét. It’s very important for me that everyone knows that I love her very much, that her death was unintentional, that it was an accident.”

Despite his confession, Karr’s then ex-wife said that he was in Alabama with her when the murder occurred.

Wednesday, May 17, 2006

Former world champion boxer Anthony Mundine has beaten long-time rival Danny Green on a unanimous points decision in a non-title World Boxing Association (WBA) super middleweight bout. Mundine, an ex-rugby league star promoted the much-anticipated fight that attracted around 40,000 spectators and a national record for a pay-per-view television event.

“Who’s the man, who’s the man?” Mundine asked the crowd after the fight. Western Australia’s Danny Green (the “Machine”) was defeated after 12 rounds at the Sydney Football Stadium by “the Man” Mundine. Mundine has improved his overall record to 26 wins and three losses. His victory sets up a world title bout against Denmark’s Mikkel Kessler.

After the bout Mundine praised his opponent’s tenacity: “I just wanna’ thank Danny for a great fight… I was starting to get loose man, Danny was starting to put a lot of pressure on me, he’s got a good long jab, I had to evade that,” said Mundine. “I utilized my speed to catch him and it paid dividends. I was looking for the knockout, I caught him with a few great shots, [and] he can take a great punch. He put up a good performance. He come around, he come prepared – I was the better man tonight Dan, thank you very much. We can do it again maybe, soon.”

Green agreed that Mundine fought the better fight. “He just beat me fair and square. I have no excuses at all, I trained unbelievable, my preparation was great… Anthony was the better man tonight,” said Green.

The WBA fight consolidated six years of taunts and hyperbole to settle a long-running feud between the men and their supporters. According to media reports the battle was personal from the outset with Mundine’s mother Lyn yelling at her son from ringside to “Knock him out Choc, shut him up my baby”.

Sports media commentators reported that the pace remained hectic in the first four rounds as Mundine stood firm and used his jab as Green mixed his trademark “power punches.” As the fight wore on, Mundine appeared in greater control and in better condition. However, Mundine did end up on the canvas in the seventh round, after being pushed through the ropes by Green.

Throughout the fight, Green’s power punches “missed, missed and missed again”. In the final “ferocious” round, Mundine rocked Green with a combination to the head, taunting Green to “Come on.” Green attempted plenty of combinations, but Mundine’s speed caused problems. After 12 rounds, Judge Pinit Prayadsab from Thailand gave the fight to Mundine 118-11, South Korean Michael Lee scored it 116-113 and Australian Derek Milham had it 118-112.

Australian newspapers report that the appreciative crowd included corporate CEOs, former world heavyweight champion Joe Frazier, bikie gangs, peroxide blondes and rugby league players. Referee Terry O’Connor described the event as a fight Australia can be proud of. “They both gave their all, it was a great fight.” He described the atmosphere at Aussie Stadium as “fantastic” “It was the greatest fight I have refereed, it was brilliant,” O’Connor said.

The “Man v Machine” event fight, promoted by Mundine’s Boxa International and the “Green Machine” promoters is believed to have beeen the “biggest boxing match in Australian history”, grossing an estimated $20 million. Each boxer is reported to be earning a seven-figure sum, while spectators have paid up to A$1000 for a seat at the bout. Foxtel reported record sales for their exclusive pay-per-view event, claiming that subscriptions outsold the Lennox Lewis v Mike Tyson heavyweight bout. Heavy betting ensued with one punter laying a $500,000 bet on Mundine to take the honours.

Of his upcoming bout with Denmark’s Mikkel Kessler, Mundine said: “It was a close fight last time. I think he’s the best fighter out there, but I’ve shown I can match it with him. I’m ready.”

Tuesday, June 12, 2007

North America’s largest outdoor dog festival came back to Toronto last weekend for its fifth year. It ran from the 9th of June to the 10th of June at Toronto’s historical St. Lawrence Market. A Wikinews reporter was there on Sunday to report on some of the events that happened on the last day.

The “Woofstock” dog festival attracted as many as 140,000 people with their dogs. The festival had tons of accessories, sold under tents, to buy for dogs; food, toys, designer clothes, and more. About 400 vendors and exhibitors were there to promote their products, which also gave private dog companies or groups a chance to show their new products. The local SPCA and some animal rescues were under tents answering questions from visitors. While walking, all visitors could see the CN Tower and other very tall buildings.

One of the local TV stations, Citytv, was there. They hosted a live event at the show which was broadcast on TV. People came up on the stage and asked questions regarding their dogs and the host and co-host answered them.

A man, who called himself the “Chalk Master”, drew two pictures on pavement with chalk. He did it for free but donations were welcome. One was a picture of a girl’s head beside a dog’s head, and another with a wolf.

“Hello Humans. I’ve been invited here to provide your eyeball(s), with some pretty colours. I don’t get paid as I work this weekend strictly for tips… so, if you like what you see please make a DONATION. If you don’t like it simply reach into the pocket of the person next to you and give me their money. CHALK MASTER.”

A contest called “Canada’s top dog” had its own tent with a professional photographer taking pictures of dogs behind a white screen; the winning photo is to be published on the cover of “Puppy and dog basics” magazine.

Large “Gourmet” dog bones were also served from a cart and table.

Next year’s festival is expected to be bigger and better with even more attractions.

Tuesday, January 19, 2010

A Scottish woman who set out before Christmas to purchase a turkey finally made it home on Monday, after being cut off by snow for a month. Kay Ure left the Lighthouse Keeper’s cottage on Cape Wrath, at the very northwest tip of Great Britain, in December. She was heading to Inverness on a shopping trip.

However on her return journey heavy snow and ice prevented her husband, John, from travelling the last 11 miles to pick her up. She was forced to wait a month in a friend’s caravan, before the weather improved and the couple could finally be reunited.

They were separated not just for Christmas and New Year, but also for Mr Ure’s 58th birthday. With no fresh supplies, he was reduced to celebrating with a tin of baked beans. He also ran out of coal, and had to feed the couple’s six springer spaniels on emergency army rations.

“It’s the first time we’ve been separated”, said Mr Ure in December. “We’ve been snowed in here for three weeks before, so we are well used to it and it’s quite nice to get a bit of peace and quiet.”

Monday, September 8, 2008

According to the Electronic Frontier Foundation (EFF), a rights group called the American Rights Counsel LLC has attempted to have at least 4,000 anti-Scientology videos removed from the video sharing website YouTube. Upon further investigation, Wikinews found that most videos and clips were added to YouTube by the copyright holders of the material; as DMCA requests are for the purposes of requesting removal where service providers host material that infringe on the copyright of the complainant, the merit of these requests remain questionable. It was also discovered that the alleged rights group does not exist as a physical entity. In an in-depth report, Wikinews investigated the incident and obtained exclusive information and comments from individuals, including XenuTV producer Mark Bunker.

Within the past 24 hours, according to the EFF, the Counsel “sent out over 4000 DMCA takedown notices to YouTube, all making copyright infringement claims against videos with content critical of the Church of Scientology.” A DMCA notice, or Digital Millennium Copyright Act notice means an attempt to limit the use of copyrighted material that is often infringing on the rights of an alleged copyright.

Wikinews made attempts to contact American Rights Counsel LLC for comment on the take-down notices, but was unable to obtain contact details for the alleged organisation. One post on a YouTube discussion page related to the organization states that they “do not appear to exist outside of these claims on YouTube.” Wikinews contacted YouTube several times asking them if they have a process of verifying DMCA requests from individuals or entities claiming copyright infringement, but when they responded, they directed Wikinews to their terms of service saying, “item 8 addresses the DMCA and 8 B addresses counter-notice procedures.”

YouTube’s terms of use in regards to filing DMCA requests states that only “A physical or electronic signature of a person authorized to act on behalf of the owner of an exclusive right that is allegedly infringed” can make such claims. It also goes on to say, “Identification of the copyrighted work claimed to have been infringed, or, if multiple copyrighted works at a single online site are covered by a single notification, a representative list of such works at that site.”

The EFF says the videos attempting to be removed had shown clips from Anonymous protests of the Church and news footage from Australia and Germany which were critical of Scientology. Some videos were also messages from Anonymous to Scientology, and vice versa. Others were also video clips from a City Commission meeting in Clearwater, Florida. Accounts hosting the material were “suspended by YouTube in response to multiple allegations of copyright infringement.”

YouTube does, however, have a process for users that wish to file a counter-notice against a take-down under the DMCA. After the DMCA notices were sent, YouTube users began to revolt, by sending “DMCA counter-notices” to YouTube. The EFF states that the counter attack resulted in many of the accounts being reinstated and their videos restored.

One user claimed that he had shot and uploaded one of the videos that was taken down. “How can someone else file a claim against a video I MADE?,” said ShadowVsScientology, one of the YouTube users who had a video deleted. Since he owned the rights to the video, he alleges that the American Rights Counsel had no legal grounds to request its removal.

A video posted on YouTube by a user called ‘Church0fScientology’, who was responsible for the original ‘Message to Scientology’ in January of 2008 created after the Church had a video of a Tom Cruise interview removed from the site, states that the organization responsible for the DMCAs does not exist and is run by a man named Dr. Oliver Schaper. They state that he “fronts” the organization for Scientology. It also calls Schaper’s actions “deceptive”. Schaper also had an account on YouTube which has since been suspended. Wikinews obtained a cached version of his account page in which he states to the group Anonymous, “I respect your efforts as long your efforts remain within the limits of the law and remain fair. Although I don’t censor any postings, I would appreciate if any conversation could remain civil and insult free.” Schaper also states that he “will not censor because I strongly believe in the freedom of speech.” They accuse him of running and owning media companies that distribute gay pornography, something Schaper later admits, but only that it’s an “adult television network.” Homosexuality is not accepted within the Church of Scientology and is not tolerated. Scientology believes that homosexuality is a disease and can be cured.

A user named “Oschaper” has written articles on the online encyclopedia Wikipedia about Peephole TV and Volksmusik TV. Oliver Schaper is the founder of Peephole TV, and is also involved with Volksmusik TV. In an e-mail to Wikinews, Wikipedia user Oschaper claims that his first name is Olaf, and that he is “not related” to Oliver Schaper. “Olaf” writes: “My name is Olaf Schaper and I use the handle oschaper on Wikipedia. I’m not related to Oliver Schaper and we share only the last name … If you like to contact Oliver Schaper please see his companies website at www.acos.tv”. When asked how he managed to get an e-mail address with that last name, Olaf replied, “I got the email because my best friend works for his networks hence the creation of my postings on Wikipedia.”

Wikinews contacted Schaper for exclusive comments. Schaper replied saying that he is a “very strong advocate for the Church of Scientology, the religion of Scientology and a free speech advocate” and “I don’t need to go into details but I felt that my family and myself have been direct targets and in an attempt to control the situation, I started to track down and remove online links between me and my religion. This included postings made by HouseSpiderAnon on his videos, who publicly connected the dots and made them available to a larger audience.”

“I requested several times to have my information removed from his videos as I wanted no association with his work but he refused, even after I stated several times that he has the right to protest but that I would like to enforce my right of privacy. He refused and demanded documentation of the attacks, something I refused because it was not my attention to allow more documents to be available online in public hand,” added Schaper who also said he has been a victim of identity theft and now has the FBI involved in investigating his claim.

“Tustin PD [police department] has been on the case and now the FBI is involved as well. Social Security has been notified and we have seen about 200 attempts to use the SSN [social security number] for fake credit cards applications,” Schaper told Wikinews.

Schaper admits that he contacted YouTube to have videos which contained images of him that were being used without permission and videos “which violated [his] privacy removed.” Those requests made by Schaper were eventually accepted by YouTube but “videos that contained just a text messages directed against me or my church remained,” he added. He also admits to owning “several broadcasting companies, ACOS Broadcasting Corp. (eight mainstream television and two radio networks) & Media House Enterprises, Inc. (adult television network PEEPHOLE TV).”

“I had the power to go fully against copyrighted material because we own or licensed large amounts of content. But it was not my responsibility to enforce all copyright violations on YouTube. In addition with the attacks on our servers, websites and infrastructure, no time would have been available to take on a fight,” added Schaper.

Schaper also denies any involvement with the alleged rights group and also states he was just notified that it doesn’t even exist.

“As many other people, and even members of the Church of Scientology received information about a company that removed anti-Scientology content from YouTube, shit hit the fan and members of Anonymous went on a full attack on me. I still have to this date no information about the American Rights Counsel and I have no connection, knowledge or involvement in this company which I have been informed of does not even exists,” Schaper told Wikinews.

One critic of Scientology, television producer Mark Bunker also had his accounts deleted by YouTube, but had them quickly restored. Bunker also believes that the American Rights Counsel does not exist.

“American Rights Counsel LLC does not exist. When I got my take-down notices from YouTube I tried to file a DMCA counter-notice but in order to do that you need to get the name of the contact person to be served with the notice and the contact information of the company which the government lists on the web,” said Bunker to Wikinews who also added that their name is not registered with the United States copyright office.

“I next did a google search for American Rights Counsel LLC which brought up absolutely no results so clearly this was fraud from the beginning. I contact[ed] YouTube and they quickly restored everything to my account and others,” added Bunker.

Wikinews has also learned that a contributor on Wikipedia, claiming to be a member of Anonymous, has posted what is allegedly personal information of Schaper. The edit, made to the article Peephole TV states that he is a lawyer, employed with a firm on Ricklinger, Stadtweg in Hanover, Germany. It also stated that he is affiliated with the “Tustin Org” in California. In what seems to be a gathering of information on Schaper from other online sources, according to Enturbulation.org, the result of releasing the information has resulted in legal and physical threats from Schaper to someone, known as ‘HouseSpiderV2’ on Enturbulation, who has claimed to have released e-mail correspondence between him and Schaper.

“Don’t think I will not be able to track you down and serve you with papers. I would make the case so expensive for you that you would not be able to even fight this on your own funding as I have the money at my disposal,” allegedly states Schaper to ‘HouseSpiderV2’ in an e-mail. “You have 24 hours to remove the postings or I will start to make this a legal issue. That makes it simple,” he added.

Despite the claims that the Wikipedia contributor is Oliver Schaper, he claims to have never registered an account with Wikipedia. He also says he has never made any threats of physical harm to members of Anonymous.

“I had not the need to register an account with Wikipedia and after all this trouble will not get involved at all. There has never been any threat of violence against Housespideranon or any other member of Anonymous made by me,” Schaper told Wikinews.

Bunker, who recently spoke with Schaper, says he believes Schaper is not involved, but that he also doesn’t know who or what was responsible for filing the DMCA requests.

“I had never heard of Schaper before he was accused of this. I don’t know anything about him other than he contacted me and said he was not involved. I don’t know who was responsible. 4000 deletions in a matter of hours is a pretty major feat. It would be worth a subpoena to find out who committed this crime. I wouldn’t blame Schaper without knowing he did it,” Bunker added.