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.

Monday, October 11, 2010

Wikinews interviewed author Amy Scobee about her book Scientology – Abuse at the Top, and asked her about her experiences working as an executive within the organization. Scobee joined the organization at age 14, and worked at Scientology’s international management headquarters for several years before leaving in 2005. She served as a Scientology executive in multiple high-ranking positions, working out of the international headquarters of Scientology known as “Gold Base”, located in Gilman Hot Springs near Hemet, California.

Saturday, February 24, 2007

A fast, but potent, snowstorm passing through the United States state of Colorado dropped more than a foot of snow and caused a 35-car pile-up on one of the U.S.’s major highways, Interstate 70.

The collision happened Saturday morning when white-out conditions, caused by 68 MPH sustained winds, hit the area. Despite the pileup, officials report that there were no major injuries.

Interstate 70 was closed in both directions on Saturday, on a route from Denver to the Kansas state border, according to the Colorado Department of Transportation. The storm also forced the closure of 125 miles of highway on Interstate 80.

A blizzard warning remained in effect for parts of Kansas and Nebraska.

Tuesday, October 23, 2007

It turns out that dogs may not be the only ‘man’s best friend.’ A parrot in Muncie, Indiana is being credited with saving the lives of its owners.

According to the owner 33-year-old Shannon Conwell along with his 9-year-old son were watching television when they both fell asleep on the living room couch when a fire began to spread through the house around 3:00 a.m. on Friday October 19.

The Amazon, yellow-headed Parrot named Peanut reportedly imitates the sounds of several objects and began to emit one very similar to a fire alarm, waking the family from their sleep.

“He was really screaming his head off. I grabbed my son and my bird and got out of the house,” said Conwell who also said that the fire alarm was also going off, but the bird woke her and her son. Conwell said that there were several pieces of medical equipment inside the house that also make a lot of noise. The equipment was there due to an accidental finger amputation which occurred only a few hours prior to the fire.

A bedroom, the kitchen and the dining room were all severely damaged in the fire, but no one was injured or killed. The fire department says that they are currently investigating the incident and have not said what the cause was.

Friday, May 26, 2006

Australian Minister for Education, Science and Training, Julie Bishop visited the Australian Nuclear Science and Technology Organisation in Lucas Heights, New South Wales today. The purpose of her visit was to inspect progress on Australia’s newest nuclear research reactor – OPAL. Whilst at the facility, she received a report on the economics and safety of a nuclear power industry in Australia.

OPAL, which stands for Open Pool Australian Light water reactor is expected to become fully operational by early 2007 and is in its final stage of development.

The reactor, which will replace Australia’s sole nuclear reactor – HIFAR will be used to research microbiology, biotechnology and gene therapy in addition to the production of agents used in nuclear medicine.

The report presented to Ms Bishop at ANSTO was written by Professor John Gittus and discussed the economics and safety of nuclear energy in Australia.

The major conclusion of the study was that new generation nuclear power plants would be as competitive as newer types of coal power plants in Australia. The report also found that nuclear energy is “the safest, most secure way of generating electricity with greater price stability in comparison to gas or coal power generation” according to Ms Bishop.

Prof Gittus’ report found that when the cost of environmental damage and carbon dioxide emissions from coal or gas fired power stations were considered, nuclear power becomes more attractive.

Speaking on the report, Ms Bishop said she wishes for an evidence-based debate about nuclear energy in Australia. “I welcome this report as a useful contribution to what I hope will be an evidence-based debate about nuclear power in Australia. The debate must focus on the facts and not be biased by emotion.” she said.

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Sunday, June 11, 2017

While Theresa May remains Prime Minister of Britain, her party, the Conservative Party, won Thursday’s general election but lost its majority in Parliament.

The next scheduled general election was not until 2020. May requested this general election, called a snap election, in April, when polls indicated it would strengthen the then-slight majority the Conservatives held in Parliament. Talks to establish the specifics of Britain’s departure from the European Union are set to begin June 19. Last year, British voters decided to leave the EU, but many of the specifics of the United Kingdom’s new relationship with the rest of Europe have yet to be established. May and the other Conservatives favor a “hard Brexit”, in which Britain would lose its current level of access to Europe’s single market and have to deal with higher tariffs and more complicated customs processes but it would regain full control of its borders with respect to trade and immigration. An increase in the number of Conservative Parliamentary seats would have supported this plan.

“Officially Theresa May is still the partner in Brexit negotiations,” said senior German MP Stephan Meyer, “but the political reality is different after this disastrous defeat. I can’t imagine that May will be able to remain prime minister.”

Jean-Claude Juncker of the European Commission said, “As far as the Commission is concerned we can open negotiations tomorrow morning at half past nine […] First we have to agree on the divorce and exit modalities, and then we have to envisage the architecture of our future relations. I do hope that the result of the elections will have no major impact on the negotiations we are desperately waiting for.”

A Parliamentary majority requires 326 of the organisation’s 650 seats. The Conservative Party holds 318 outright, including May’s own seat in Maidenhead, and the Labour Party holds 262, having gained about 30 in this election. In Britain, the leader of whichever political party has the most seats becomes Prime Minister, though they are also formally appointed by the monarch. Theresa May became leader of the Conservative Party on July 11 of last year and was appointed by Queen Elizabeth II two days later. Cases in which no political party wins outright are called a hung Parliament, and then two or more parties rule together in coalition. Britain had a coalition government from 2010 to 2015. Northern Ireland’s Democratic Unionist Party has pledged an unofficial alliance with the Conservatives, which would bring them up to 328.

This would make May the second Prime Minister in a row to call an election with unexpected results. David Cameron called for a referendum on Britain’s EU membership, not expecting the voters would reject it.

May’s current ministry said most of her senior officials, including Treasurer Philip Hammond, Foreign Secretary Boris Johnson, and Home Secretary Amber Rudd, will remain in the Cabinet.

May met with Queen Elizabeth II yesterday to request her permission to form a government in her name, a traditional formality.

Friday, March 28, 2014

Japan and the United States have co-signed an agreement to remove and dispose of over 300 kilograms of weapons grade plutonium and an unspecified amount of highly enriched uranium.

According to a statement released by the White House, the fissile material will be transported from the Fast Critical Assembly at the Japan Atomic Energy Agency to a “secure facility” in the U.S., and will be “fully converted into less sensitive forms”.

Barack Obama announced his aim to seek “the peace and security of a world without nuclear weapons” in Prague in 2009. He has been pressing his foreign counterparts, both in Asia and Europe, demanding they either get rid of their excess nuclear materials via the U.S., or tighten security on stockpiles at home. Belgium and Italy have also agreed to hand over excess nuclear material.

Elizabeth Sherwood-Randall of the US National Security Council says Japan’s pledge to hand over nuclear material to the U.S. shows leadership and dedication to the nonproliferation of nuclear material and nuclear weapons.

The deal is part of an ongoing U.S. goal to reduce fissile material worldwide. The U.S. hopes to convince more nations to use reprocessing and enrichment facilities in an effort to minimize proliferation risks.