Archive for July, 2018

Oil prices drop as inventories grow

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26
Jul

Thursday, October 16, 2008

  • NYMEX/WTI: $70.61/barrel $-3.93 (-5.27%)
  • ICE/Brent: $65.43/barrel $-4.15 (-5.96%)
16:00, 16 October 2008 (UTC)
Prices displayed in U.S. dollars.

International oil prices sank on Thursday as investors worried that a looming global recession will lower demand.

Crude oil for future delivery fell to below US$71 a barrel in electronic trading on the New York Mercantile Exchange, its lowest price in more than a year. In London, Brent crude oil for November dropped below $66 a barrel.

Oil prices have dropped more than 50 percent since hitting a record high of $147 a barrel in July. A report released today showed an unexpected increase in inventories. Analysts expected only a 1.9 million barrel increase last week, but the actual amount was 5.6 million barrels

The Organization of Petroleum Exporting Countries (OPEC) cut its estimate for crude oil demand next year in a report released Wednesday. OPEC, which was planning on having an emergency meeting next month on the issue of lower oil prices, pushed forward the meeting to next week. The cartel is expected to cut production by 500,000 barrels a day, in a bid to boost oil prices. Saudi Arabia, which initially did not support the cut a few weeks ago, now supports such a move.

Some Asian governments are under pressure to reduce domestic fuel prices in light of the decline of the price of oil. In China, some drivers are paying more for gas than drivers in the United States, which last occurred several years ago. India, China, and Indonesia appear to be to content to keep the price at the same level; however, some other Asian governments have lowered the price already. Malaysia and Vietnam have cut prices and are expected to do the same if oil drops some more.

Thursday, August 7, 2008

Across Easter weekend Wellington, New Zealand was host to Rock2Wgtn, an international two-day hard rock festival. Large crowds showed up at Westpac Stadium to see the various acts. The world has never seen an event of this kind before, and New Zealand has never had any kind of major rock festival or multi-day music festival.

Day one featured three theatrical acts. Finnish band Lordi, known for their monster costumes, opened the night. They were followed by the US shock rocker Alice Cooper, whose themed set included the horror theatrics regularly associated with him and a hanging stunt he recently restarted after a gallows collapse nearly killed him two decades ago. The night was headlined by the distinctively costumed band KISS, complete with their famed black-and-white makeup.

The first major act on the stage on day two was the American hard rock/glam metal band Poison. After Poison, British act Whitesnake took to the stage and performed their set to the crowd. British-born American rocker Ozzy Osbourne, who, as well as a solo career, fronts the world-famous Black Sabbath, was the second night’s headline act.

The festival’s entertainment did not stop at the six main acts. There was also support performances from three New Zealand bands – The Symphony of Screams, The Valves and Sonic Altar. Their sets were accompanied by a special effects package from award-winning studio Weta Workshops, who are known for their work on movies such as The Lord of the Rings film trilogy. This came in the form of ‘Drusila the Dragon’, which rose up to a height of six foot and wigspan and moved for the audience, shining lasers from its eyes and breathing red smoke. Flame Fire Productions were hired to put on a fire show featuring several dancers alongside the performers. Also performing were six local guitarists and a group of ‘zombie‘ cheerleaders.

Wikinews was able to secure two exclusive interviews with those responsible behind the scenes for putting on such a show. Weta Workshop’s Philip Sharpe, who supervised the project and Milly Bea, current manageress of Flame Fire Productions, discussed their roles. In the first installment, Milly Bea tells us about “a definite highlight” for Flame and lets us know everything from her thoughts on Gene Simmons’s tongue to just how much kerosene it takes to put on a fire show at a rock fest.

Votes in Sri Lankan presidential elections counted

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25
Jul

Wednesday, January 27, 2010

File:General Sarath Fonseka.jpg

Ballots are being counted in Sri Lanka, after a presidential election was held there, the first after the Tamil Tiger rebels were defeated during a 25-year-long civil war.

The incumbent president, Mahinda Rajapaksa, is expected to be in a close race against former army chief, General Sarath Fonseka; both candidates say they expect to win. There are twenty other candidates on the ballot, but none of them are expected to win.

Polls closed at 16.00 local time, or 10.30 GMT on Tuesday. There were claims of voter intimidation and sporadic acts of violence, and the BBC reports that there were some small bomb blasts. The independent operating organisation Centre for Monitoring Election Violence said it had confirmed close to a hundred violent incidents during the day, adding that it believes the number could rise to 150.

Tamil politician Dharmalingam Sithadthan, however, described the voting as “very peaceful”.

Polls were reportedly busy, with stations in the capital of Colombo being filled with lines of people half an hour before polls officially opened at 07.00 (01.30 UTC).

“I have been voting at this booth for over 20 years but never saw a crowd like this,” said businessman Mohamed Sallel, who had voted in the Borella district of the capital, as quoted by The Telegraph. Another voter, Doctor Nimalka Perera, gave an account of the crowds: “When I first came here, the queue was too long so I went back and came two hours later on my way to the hospital and found the line even longer.”

President Rajapakse, after voting in his home constituency, addressed reporters. “We will have a great victory. We must be ready to face the challenges of reaching new heights after this vote,” he said.

I have been voting at this booth for over 20 years but never saw a crowd like this

Fonseka, however, wasn’t able to cast a ballot, apparently because his name didn’t appear on the 2008 electroral register used for the elections.

“My name is not on the 2008 register and therefore I cannot vote at this election. The government is trying to use this to mislead the public at the last minute,” Fonseka stated, saying that he had filled out his voter registration forms.

Foreign minister Rohitha Bogollagama, as well as other politicians from the ruling party, suggested that Fonseka might be disqualified from the elections. “We are seeking a court order on the suitability of this candidate because he is not eligible to be declared as a candidate,” Bogollagama said, adding that the government wanted a ruling from the courts.

Independent elections commissioner Dayananda Dissanayake, however, remarked: “Not having one’s name on the electoral list is not a disqualification.”

The country’s electoral rules state that if neither candidate is able to obtain half of the ballots cast in the first count, then voters’ second preferences are to be used to determine the winner. Political observers commented that election was too close to call between the two.

Saturday, April 7, 2007File:Felipe Massa 2007.jpg

Ferrari driver Felipe Massa won the pole on the FIA Formula-1 2007 Malaysian Grand Prix on Sepang International Circuit. This occurred at the last possible moment. McLarenMercedes driver Fernando Alonso stayed in the lead for the most part of the third qualifying session, but was closely pursued by his rivals from Ferrari and by his teammate Lewis Hamilton who, after the fantastic debut in the previous race, surely has ambitions for the World Champion title.

A new interesting feature of the F1 cars was presented by Bridgestone, the tyre supplier. All tyres of softer compound will be marked by a white stria along the tyre groove starting from this race onwards. As intended, this will help audience to distinguish the tyres, it will be more helpful than the previous white heavy dot on the outer side of the tyre.

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Monday, October 12, 2015

Wikinews interviewed Australian painter Pricasso on his unique artwork created using his penis, and how his art relates to freedom of expression and issues of censorship. He is to be featured at the upcoming adult entertainment event Sexpo Australia in Melbourne this November 5 to November 8.

Category:May 27, 2010

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24
Jul
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Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “120 year-old documents threaten development on site of Buffalo, N.Y. hotel proposal” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Thursday, November 16, 2006

Buffalo, New York —A proposed hotel that was supposed to be built at the corner of Elmwood and Forest Avenues in Buffalo, New York is apparently off the table. The former proposal was going to be called The Elmwood Village Hotel and would have consisted of 72 rooms and cost between $7 to $10 million American dollars to build.

Today several unknown individuals were seen removing a sign that was dedicated to the “Elmwood Village Gateway,” which signifies the beginning of the Elmwood Village at the formerly proposed project’s location.

Nearly an hour later the men replaced the sign with a different and unexpected sign: “For Sale: 5 commercial parcels and 1 carriage house, By: Owner.” Those 5 “parcels” are 1109-1121 Elmwood and 999 Forest Avenue, which is located in an illegal alley, according to the City of Buffalo, behind the 5 other properties on Elmwood. Hans Mobius owns all properties named in the sale.

Sam Savarino, CEO of Savarino Companies never owned the properties and has repeatadly told Wikinews in exclusive interviews that he still had a “contract to buy the properties” and on October 2, 2006 told Wikinews in an exclusive interview that he “extended” the “agreement to purchase the property[s] and will have it under contract for what we hope is a sufficient period of time.”

“He [Mobius] is undoubtedly concerned because he has lost some tenants and is a bit impatient. I think he has properly portrayed the situation,” said Savarino in an exclusive interview with Wikinews.

Savarino also says that there may be “legal issues” to work out now, before anything else can move forward, regarding the proposal.

“There are some legal complexities that must be sorted out before anything can happen there,” added Savarino.

The welcome sign was; however, not removed entirely. The sign was placed, facing the same direction of north, on the side of the Forest Plaza Art Gallery, a new art gallery located on the corner of Forest and Elmwood.

Nancy Pollina, owner of Don Apparel which was located at 1109 Elmwood, but closed on October 14, 2006 considers this a possible “victory” in regards to the lawsuit filed against the hotel to stop it from being built, alleging that several laws were broken, including not performing an Environmental Impact Study before the proposal was approved by the city, during its approval and the proposal was “rushed.” Patricia Morris, who operates Don Apparel with Pollina, Angeline Genovese and Evelyn Bencinich, owners of residences on Granger Place which abut the rear of the proposed site, Nina Freudenheim, a resident of nearby Penhurst Park, and Sandra Girage, the owner of a two-family residence on Forest Avenue less than a hundred feet from the proposed hotel’s sole entrance and exit driveway, were also plaintiffs in the lawsuit. They filed the suit with a lawyer representing them, Arthur J. Giacalone, on April 25, 2006 in New York State Supreme Court, but the case has never gone to a courtroom.

Giacalone believes that a press release issued in July regarding the project was nothing but a statement to “save face,” but that the placement of the for sale sign might be a way of convincing Savarino to speed up the sale of the properties.

“I thought all along that Savarino’s July press release might be no more than an effort to save face. But we have no way of knowing. Similarly, Mobius might have put the for-sale sign up in an attempt to pressure Savarino into closing the deal. There’s no way to tell,” said Giacalone in an exclusive interview with Wikinews.

In regards to the lawsuit, Giacalone thinks it may now be in “limbo.”

“The lawsuit still sits in limbo,” added Giacalone.

Friday, June 15, 2007

An 11th man was arrested yesterday by U.S. federal agents in Fresno, California, on charges connected to the plot by 10 other men to overthrow the government of Laos.

Later yesterday, the federal grand jury Sacramento handed down indictments for the 11 men, including former Royal Lao Army general and Hmong leader Vang Pao.

Dang Vang, 48, was arrested at his Fresno home in an early morning raid by agents from the United States Bureau of Alcohol, Tobacco, Firearms and Explosives, or ATF.

Dang Vang, Vang Pao and the others are charged with violating the U.S. Neutrality Act, which outlaws using United States soil to conspire to overthrow a foreign government that has peaceful relations with the U.S.

“Federal law is without equivocation: you cannot conspire to overthrow a foreign government with whom our nation is at peace,” U.S. Attorney McGregor Scott said in a statement to reporters.

According to the ATF, Dang Vang put the group’s “action plan” to paper, summarizing its plot to blow up government buildings in Laos and assassinate government officials. The plot even had a name: “Operation Popcorn,” or “Political Opposition Party’s Coup Operation to Rescue a Nation.”

In addition to the 77-year-old Vang Pao and Dang Vang, 48, those charged are:

  • Harrison Jack, 60, a West Point graduate, retired California National Guard colonel and U.S. Army Ranger in the Vietnam War.
  • Lo Cha Thao, 34, of Clovis
  • Lo Thao, 53, of Sacramento
  • Youa True Vang, 60, of Fresno
  • Hue Vang, 39, of Fresno
  • Chong Vang Thao, 53, of Fresno
  • Seng Vue, 68, of Fresno
  • Chue Lo, 59, of Stockton
  • Nhia Kao Vang, 48, of Rancho Cordova, California

Most of the men indicted are prominent members of the Hmong immigrant community in California’s Central Valley. They were arrested last week in a sting operation as the group was trying to purchase a rifles, missiles, rocket launchers, mines and explosives from an ATF agent posing as an arms dealer.

In an 88-page criminal complaint, federal prosecutors detailed the plot, which included airlifting the weapons to Thailand, and had an estimated cost of US$27.9 million. Funds for the operation were raised from donations by the Hmong community and other supporters of Vang Pao from across the U.S.

During the 1960s and ’70s, Vang Pao led a covert army of Hmong people, backed by the U.S. Central Intelligence Agency, against communist forces in the Laotian Civil War, or “Secret War”, which paralleled the U.S. war in Vietnam.

Since the communist takeover of Laos in 1975, according to a March 2007 report by Amnesty International, Hmong people in Laos have taken to hiding in the mountains, on the run from a government that persecutes them for their role in the war.

U.S.-Laos diplomatic relations were strengthened in 1992, and in 2004, President George W. Bush extended normal trade relations to the southeast Asian country.

UEFA Euro 2008: Denmark-Sweden abandoned at 3-3

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24
Jul

Monday, June 4, 2007

On Saturday, June 2, referee Herbert Fandel abandoned the UEFA Euro 2008 qualification match between Denmark and Sweden. The match, which was being played at Parken Stadium in Copenhagen, was tied 3-3 with one minute to go in regulation time.

Denmark had fought back from a 3 goal deficit to tie the match, when Fandel awarded a penalty kick to Sweden and showed Christian Poulsen the red card for a flagrant foul. A Danish fan made his way onto the pitch and attempted to assault the referee, although he was at least partially restrained by Danish players. Sweden will likely be awarded a 3-0 victory by the UEFA. This and any other sanctions will be announced on Friday.

The fan, whose identity was protected by the judge at his arraignment, apologized to his countrymen, many of whom see him as a traitor. “People in Denmark hate me, but I have no feeling yet what the reaction in Sweden is, other than they of course believe I am an idiot,” said the 29-year-old Dane who claims to have consumed 15 to 20 beers before the incident.