Tuesday, September 30, 2008

George W. Bush vowed to get the USD 700 billion economic rescue plan through congress in a statement to the media made today.

“Yesterday, the House of Representatives voted on a financial rescue plan that had been negotiated by Congressional leaders of both parties and my administration,” Bush reminded the audience. “Unfortunately, the measure was defeated by a narrow margin. I’m disappointed by the outcome, but I assure our citizens and citizens around the world that this is not the end of the legislative process.”

“Producing legislation is complicated, and it can be contentious. It matters little what a path a bill takes to become law,” he continued. “We’re at a critical moment for our economy, and we need legislation that decisively address the troubled assets now clogging the financial system, helps lenders resume the flow of credit to consumers and businesses, and allows the American economy to get moving again.”

Market Data

“I recognize this is a difficult vote for members of Congress. Many of them don’t like the fact that our economy has reached this point, and I understand that. But the reality is that we are in an urgent situation, and the consequences will grow worse each day if we do not act. The dramatic drop in the stock market that we saw yesterday will have a direct impact on the retirement accounts, pension funds, and personal savings of millions of our citizens. And if our nation continues on this course, the economic damage will be painful and lasting.”World and US markets today are up after severe declines yesterday. Most have recovered 30% of their previous losses, meaning that the potential government expenditure was similar to the market losses.

Bush then said that he knows “many Americans are especially worried about the cost of the legislation.” He then attempted to justify the cost. “The bill the House considered yesterday commits up to 700 billion taxpayer dollars to purchase troubled assets from banks and other financial institutions. That, no question, is a large amount of money. We’re also dealing with a large problem. But to put that in perspective, the drop in the stock market yesterday represented more than a trillion dollars in losses.”

If passed, the bailout plan would have allowed for the United States government to purchase devalued mortgage backed securities, resulting from the subprime mortgage crisis, from troubled financial institutions. The US Treasury Secretary Henry Paulson said the plan could cost up to $700 billion.

Friday, March 28, 2008

2008 Taipei International Cycle Show (Taipei Cycle) & Taipei International Sporting Goods Show (TaiSPO) not only did a best reunion with conjunctions of the launch of Taipei World Trade Center Nangang Exhibition and the concurrent cycling race of 2008 Tour de Taiwan but also provide opportunities and benefits for sporting goods, bicycle, and athlete sports industries to establish the basis of the sourcing center in Asia and notabilities on the international cycling race.

Although the Taipei cycle was split from the TaiSPO since 1988, but the trends of sporting good industry in Taiwan changed rapidly and multiply because of modern people’s lifestyles and habits. After the “TaiSPO Innovation Award” was established since 2005, the fitness and leisure industries became popular stars as several international buyers respected on lifestyle and health.

For example, some participants participated Taipei Cycle and TaiSPO with different product lines to do several marketing on bicycle and fitness equipments, this also echoed the “Three New Movements” proposed by Giant Co., Ltd. to make a simple bicycle with multiple applications and functions. As of those facts above, Wikinews Journalist Rico Shen interviewed Ideal Bike Corporation and Gary Silva, designer of “3G Steeper” to find out the possibilities on the optimizations between two elements, fitness and bicycle.

Saturday, May 17, 2014

Power in India is set to transfer to the Bharatiya Janata Party (BJP) and the leader Narendra Modi following an election in the world’s largest democracy. The ruling Congress Party conceded defeat yesterday and BJP are set to win a healthy majority of seats. The success for the Hindu nationalist party in the election tracks predicted results from exit polls.

Following the victory, Modi posted on social networking site Twitter “India has won. Good days are about to come”. He then visited his mother to seek her blessing: he touched her feet, she put a vermillion mark on his head and gave him sweets. Thereafter, Modi travelled from his home in the Indian state of Gujarat to Delhi. In Delhi, a victory parade was held for Modi.

Conceding defeat, Sonia Gandhi from the Congress Party said: “We humbly respect the verdict of the people.”

US President Barack Obama and UK Prime Minister David Cameron have both congratulated Modi and invited him to visit Washington and London respectively. Nawaz Sharif, the prime minister of Pakistan, said BJP had won an “impressive victory”.

Modi has been Gujarat chief minister since 2001. Modi has been controversial since a violent riot erupted in Gujarat in 2002 which led to the death of about a thousand people, primarily Muslims. Modi’s critics allege he let the inter-religious violence happen without much effort to stop it. He was subsequently denied visas to travel to the United States, and the United Kingdom cut ties with him.

In 2012, a Special Investigations Team appointed by the Indian Supreme Court found no evidence for Modi’s role in the violence. Following this, the British high commissioner in India decided to reconnect with Modi and invite him to visit London to address the House of Commons. The United States has warmed up to Modi again and in February he met with Nancy Powell, the US ambassador to India. During the elections, Modi attempted to reassure Muslims that he would protect all religious groups in India, telling The Times of India: “I’ve to run the government. Governments run on the basis of Constitution. I believe a government has one religion and that’s India First”.

The outgoing Prime Minister Manmohan Singh released a statement: “As I have said on many occasions, my life and tenure in public office are an open book. I have always tried to do my best in serving this great nation of ours. In the last ten years, we as a country have seen many successes and achievements that we should be proud of. Today, India is a far stronger country in every respect than it was a decade ago.”

Monday, October 24, 2011

At least 264 people were killed, said Interior Minister Idris Naim Sahin, in a 7.2 magnitude earthquake that struck Turkey yesterday. The quake was the strongest to hit Turkey in ten years. The city of Van has been heavily affected. The death toll was expected to rise.

A number of aftershocks has rattled Turkey since then, with the strongest one having a magnitude of 6.0. Turkish Prime Minister Recep Tayyip Erdogan reported 55 buildings destroyed in Ercis, north of Lake Van. He said “because the buildings” in affected villages not yet reached “are made of adobe, they are more vulnerable to quakes. I must say that almost all buildings in such villages are destroyed.”

Rescue efforts are being affected due to power outages due to power line damage from the quake.

Over 1,300 people were reported injured.

Sunday, August 21, 2005

A robotic system at Stanford Medical Center was used to perform a laparoscopic gastric bypass surgery successfully with a theoretically similar rate of complications to that seen in standard operations. However, as there were only 10 people in the experimental group (and another 10 in the control group), this is not a statistically significant sample.

If this surgical procedure is as successful in large-scale studies, it may lead the way for the use of robotic surgery in even more delicate procedures, such as heart surgery. Note that this is not a fully automated system, as a human doctor controls the operation via remote control. Laparoscopic gastric bypass surgery is a treatment for obesity.

There were concerns that doctors, in the future, might only be trained in the remote control procedure. Ronald G. Latimer, M.D., of Santa Barbara, CA, warned “The fact that surgeons may have to open the patient or might actually need to revert to standard laparoscopic techniques demands that this basic training be a requirement before a robot is purchased. Robots do malfunction, so a backup system is imperative. We should not be seduced to buy this instrument to train surgeons if they are not able to do the primary operations themselves.”

There are precedents for just such a problem occurring. A previous “new technology”, the electrocardiogram (ECG), has lead to a lack of basic education on the older technology, the stethoscope. As a result, many heart conditions now go undiagnosed, especially in children and others who rarely undergo an ECG procedure.

Thursday, May 31, 2007

A semi-tractor carrying 9,000 gallons (34,000 litres) of liquid butane overturned at the weekend on the United States highway 50 east of Salida, Colorado, rupturing the tank and spilling its contents.

The road was closed to traffic for 20 hours during one of the busiest times of the year, and traffic rerouted along a three-hour diversion route.

Colorado State Patrol reports state the driver, Roger Meely, 62, was hauling a pressurised tank full of butane when he lost control and crashed near Mile Marker 228. Colorado State Patrol Sgt. William Holt described the accident, “He lost control of the vehicle in the curves, veered across the lanes and rolled it.” Meely was treated and released from the Heart of the Rockies hospital in Salida after the crash, but escaped serious injury.

The truck rolled at about 6:50 p.m. six miles from Salida, prompting closure of the highway. Although the driver escaped unharmed, 10-15 homes and an unknown number of campsites along the Arkansas River were evacuated as fumes began to drift downstream towards the town of Swissvale. Rafters were ordered away from the area, but Hazmat crews were able to prevent butane from contaminating the river.

Emergency workers were forced to allow the butane to vent itself through the night. Capt. Jack Cowert of the Colorado State Patrol said, “I would say those of us on scene were surprised it didn’t explode.”

In total, the following organisations responded: the Colorado State Patrol Hazardous Materials Unit, South Arkansas Fire Protection District, Howard Volunteer Fire Department, Arkansas Valley Ambulance, Chaffee County Emergency Services, Alpine Towing and the Colorado Department of Transportation.

An attempt was made at 9:00 a.m. Monday to right the tanker and tow it away, but in the process of securing it to the tow truck it slipped and a dolly axle buckled, further lengthening the delay.

The road was not reopened until 3:10 p.m. Monday. Sheila Johnson, a flagger working for Alpine Towing, later said of the commuters affected that they were mostly understanding, saying of them, “For the most part people were pretty good about the road being closed,”.

Holt blamed the driver for the accident, saying he “will be cited for something,” and that “anytime a crash like this happens, the driver either wasn’t paying attention or he was driving too fast.” It was later determined that the driver’s excessive speed was to blame. He was ultimately charged over the incident.

The incident sparked a full review evaluating the emergency response, which included about ten agencies.

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