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Saturday, March 28, 2009

The 108-floor central component of the new World Trade Center in New York City has been officially renamed 1 World Trade Center, ending the Freedom Tower moniker it had sported since 2003.

Freedom Tower was envisioned as a symbol of America’s victory over terrorism. It is currently on track for completion in 2013, with 10 floors partially finished so far.

Port Authority Chairman Anthony Coscia commented on the change, “It’s the one that is easiest for people to identify with — and frankly, we’ve gotten a very interested and warm reception to it.”

Former Governor George Pataki, who revealed the Freedom Tower name nearly six years ago, was critical of the switch, saying “The Freedom Tower is not simply another piece of real estate and not just a name for marketing purposes.”

1 World Trade Center has been the building’s legal name and address for the past two years, with the public change precipitated by the ramp up of construction and the commencement of lease marketing.

Mayor Michael Bloomberg seemed ambivalent to the change, saying “I would like to see it stay the Freedom Tower, but it’s their building, and they don’t need me dumping on it. If they could rent the whole thing by changing the name, I guess they’re going to do that, and they probably, from a responsible point of view, should. From a patriotic point of view, is it going to make any difference?”

The change was approved following the signing of a two-decades-long lease by a Chinese real estate company, which plans to occupy floors 64 through 69. Other future tenants include the U.S. General Services Administration and the New York State Office of General Services.

Friday, February 16, 2007

Tigger costumed character actor Michael J. Fedelem, 31, has been cleared by the Florida state attorney’s office. After reviewing tape of an incident where Tigger appears to bop a 15-year-old in the face, the office decided that the allegations were false.

Jerry Monaco Sr. and his family, including Jerry Monaco Jr., were visiting the Walt Disney World theme park early this year. The tape of Junior being hit in the face, distributed to the media by Senior, quickly went international, with Junior telling the press that the attack was completely unprovoked.

While the short clip the media aired of this scenario would seem to prove his statement, the full-length video shows Junior pulling on the Tigger costume’s tail, thus blocking proper air flow. Even earlier in the clip, Senior is heard mocking the character, sarcastically apologising for supposedly sitting on its head.

The DA commented to television station Local6 that “The family didn’t react like they wanted justice, they reacted like they wanted cash.”

Jean Erik Redrupp, general manager of Park Operations at Disney-MGM Studios, had phoned to apologise after the incident, but Senior repeatedly demanded Fedelem himself reply.

“Everybody will come up and apologize to me but Tigger. He won’t be a man about it and get out of the costume and come out and apologize to my son. I didn’t want VIP treatment. I didn’t want an extra day at Disney. I didn’t want any of that. I wanted him to apologize and that is the one thing that they won’t do.”

Some reports say that Disney has made no decision on Fedelem’s employment status, while the Associated Press claims a “telephone call placed to Disney officials … early Friday to find out Fedelem’s employment status was not immediately returned”.

Wikinews has contacted Teamster’s Union Local 385 for comment; Teamster’s represents Fedelem and many of the other costumed character employees.

Monday, December 8, 2008

More details have emerged over the weekend after the surprise announcement last week of Honda‘s intention to sell its Formula One racing team, Honda Racing F1. The team management, Nick Fry and Ross Brawn, have already announced confidence in their ability not only to find a buyer for the team but also to deliver the performance expected of Honda’s 2009 car. Prices as low as £1 have been put forward as possible prices tags for the Northampton based team, with Honda CEO Takeo Fukui stating that “Just to make the team possible to exist, a small price tag is acceptable”.

On Saturday the Japanese car giant said that before selling the team it was going to offer British driver Jensen Button, who had given the Honda team its only victory, a way out of his recently signed multi-million pound contract with the team so he could try to get a drive with other teams. However, Ross Brawn appears eager to retain the Briton and either retain Brazilian Rubens Barrichello or sign GP2 driver Bruno Senna, nephew of legendary racer Ayrton Senna. At an industry awards dinner, Button indicated his desire for a buyer to be found for Honda, saying any buyer would get “… a great team with excellent facilities. And with the leadership of Ross Brawn, and the whole team as they are, we can come through this and be on the grid in 2009”. Button has also spoken of his shock and pain at Honda’s decision.

Ross Brawn, who was brought into the Honda team with much fan fare before the 2008 season, has spoken of his shock at finding out about the sale of the team. Brawn, who is credited with helping Michael Schumacher and Ferrari dominate Formula One for much of the last decade, indicated he was expected funding cuts and had prepared a reduced budget but hadn’t expected the full withdrawal of support that Honda announced. Brawn has also indicated understanding of Honda’s reasoning, with their sales down 40% in some markets and Honda F1’s £200m+ budget a cost they were unwilling to bear.

Though Honda has committed to providing a budget for the team until March, the budget is lower than that which had been expected and so the team has had to pull out of the crucial winter tests at Jerez. This has denied Formula One hopeful Bruno Senna another test with the team and has combined with the engine implications of Honda’s withdrawal to push the new car’s final testing from January to March, just weeks before the first Grand Prix in Australia. Ross Brawn however remains confident of competing with new Formula One frontrunners BMW Sauber and Formula One supremo Bernie Ecclestone has tipped the team as a great buy, saying “I’ve no doubt Honda would have been in top four next year without any problems. They’ve spent a lot of money to put themselves in that position so if anyone does want to be in F1 this is a team they should look to buy. It’s a big opportunity for any company that’s run efficiently to benefit”.

Wednesday, April 30, 2014

File:Donald Sterling.jpg

Los Angeles Clippers owner Donald Sterling has received a lifetime ban from the NBA (National Basketball Association) and has been fined $US2.5million for his racist comments this week. Sterling, who has owned the team since 1981, was overheard telling a woman, identified as girlfriend V. Stiviano, not to bring black people to games or associate with them.

The comments have caused an uproar, not just in the NBA, but within the Clippers team. In protest, players wore their warm-up jerseys inside out before their Game 4 playoff loss against the Golden State Warriors, while in other games throughout the league the San Antonio Spurs played in black socks and the Miami Heat practiced with their warm-up shirts inside out to mimic the LA Clippers.

Former NBA player Kevin Johnson, now mayor of Sacramento, said the league needed to hand out the maximum possible penalty. While NBA legend Michael Jordan, owner of the Charlotte Bobcats said there is no room in the NBA, or anywhere, for this kind of hatred.

The conversation took place on April 9, when a man’s voice, later identified as Sterling’s, told the woman not to pose for photos with black men, including Hall of Famer Ervin “Magic” Johnson. Sterling goes onto say it annoys him that she has to promote her association with black people.

It isn’t the first time Sterling has caused controversy with racist comments. Back in 2009 he was sued by his former General Manager Elgin Baylor who criticised Sterling’s attitude and quoted him as saying “I’m offering you good money for a poor black kid” when negotiating a contract with Danny Manning.

The situation is far from over as Sterling is refusing to sell the team, and the other teams have lobbied against him to force him to sell. NBA Commissioner Adam Silver needs 75% support, or 23 out of the 30 teams, to force Sterling out of the league permanently.

“The fine will be donated to organisations dedicated to anti-discrimination and tolerance efforts that will be jointly selected by the NBA and the Players’ Association” Mr Silver said.

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.