Author: Admin

Thursday, February 5, 2009

Pirates in Somalia have released the MV Faina, a Ukrainian ship carrying a cargo of 33 T-72 tanks, along with 20 of its crew of 21, the Russian captain having been killed by hypertension during the hijack.

A ransom of US$3.2 million was paid for the ship’s release, compared to the $20 million previously demanded and also down from the initial request for $35 million after the capture in September. By January 16 the ransom sought was $5 million, with negotiations occurring directly between the pirates and the ship’s owner. In October the pirates threatened to blow the ship up unless this was paid within days, and stated they were willing to die and take the crew with them, but this threat was never carried out.

The ransom came in on Wednesday, and after counting the money the pirates left the vessel on Thursday. One pirate, Segule Ali, said of the payment that “no huge amount has been paid, but something to cover our expenses.”

The ownership of the cargo, which includes ammunition, rocket launchers, small arms and spare parts as well as tanks, is uncertain. Although the shipment was said to be for Kenya, as acknowledged by the Kenyan government, the pirates claim to have documents proving they were destined for Sudan, currently the subject of a United Nations arms embargo. Sudan denies this.

At one point, with the ship anchored off Harardhere, the pirates claimed they had put down an attempted revolt by the crew. However, the Faina’s owner has expressed doubts about the veracity of this report, which originated with the pirates themselves.

The remaining crew are reported to be healthy by the Ukrainian Presidency and the ship is now heading to Mombasa under US Navy escort. There are 17 Ukrainians, two Russians and a Latvian on board.

Sunday, February 3, 2008

The first two days of New York Fashion Week have debuted fashions similar to past years. Since Friday’s opening of what is the world’s largest fashion show, many designers have unveiled their newest designs. These include turtleneck sweaters and miniskirts. However, the ubiquitous fashion staple seen on the runway has been incorporated in designs that are even shorter than in past years.

Major labels Nicole Miller, Lacoste, BCBG, and Baby Phat debuted their styles in the first two days of the week-long extravaganza, nominally the official unveiling of the Fall 2008 styles and leading up to similar fashion shows in Los Angeles, London, Paris and Milan. If the first two days of Fashion Week are any indication, another year of miniskirts are in vogue, partnered with tights, which were widely expected to go out of fashion for 2008.

Day one kicked off with a Red Dress Campaign fashion show, aimed at educating people on the dangers of heart disease. Among the celebrities to walk in red gowns for the Red Dress fashion show were Rita Moreno and Liza Minnelli.

Talk of a budding recession in the United States has sparked fears in the couture world, in which a lackluster fashion season can make or break many designers, both up-and-comers and established names. New York designer Nanette Lepore has led the charge to save money by only debuting two different collections a year.

New York Fashion Week runs until Friday. Designers yet to unveil their fall lines include Oscar de la Renta, Anna Sui, Bill Blass, Michael Kors, Vera Wang, and Diane von Fürstenberg.

Thursday, August 25, 2005

Created by the Brampton Arts Council and the City of Brampton, the Studios of Brampton studio tour will allow residents a chance to view works by dozens of local artists at twelve locations.

The tour will run October 1 & 2 from 10 pm until 4 pm ET.

On the tour are the personal studios of watercolourist Jack Reid, sculpture Marion Bartlett, woodworker Rick Bino, ceramicist Eric Wong, calligrapher and fashion illustrator Rosemarie Gidvani, abstract painter Karen Darling, oil painter John Cutruzzola, stain-glass artist Darlene Robichaud, and watercolourist Gordon Stuart.

Also on the tour is the Art Gallery of Peel, which will be exhibiting Sydney Drum, a Canadian artist based in New York, and Kelly McNeil.

Visual Arts Brampton and Beaux-Arts Brampton will both have line-ups of local artist members. VAB has confirmed displays by William Band, Bridget Doughty, Betty Jean Evans, Marguerite Finlayson, Conrad Mieschke, Keith Moreau, Mary Noble, Olga Rudge, and Elizabeth Patrick.

Sample works representing each location on the tour will be shown at the Brampton City Hall’s Atrium Gallery.

Friday, January 20, 2006

US stocks suffered their biggest declines in more than two years on concerns about oil supplies from Iran and Nigeria. Crude oil prices jumped to more than $68 a barrel, levels not seen since September last year. Gold hit a 25 year peak and last traded at $553.50 an ounce.

The Dow Jones Industrial Average (DJIA) slumped 213+ points today amid fears of Iran and terrorism. The index has now given up all its gains since the beginning of the year. Among its 30 components, only McDonalds ended the day in positive territory. Disappointing earnings dragged down shares of General Electric Co. and Citigroup Inc.

Since the start of the Q4 earnings season, many analysts have been reducing their earnings expectations. S&P 500 companies are now expected to report a profit growth of 12.7 percent, compared with earlier expectations of 15.5 percent. This analysis was done by Bloomberg using data from Thomson. Earnings growth is expected to slow down to 9.9 percent in the first quarter of this year.

Shares of GE gave up $1.35 to end at $33.33 after the firm reported its smallest earnings gain since 2004. GE is the world’s second largest firm by market value. Q4 earnings rose to 55 cents a share from 54 cents while revenue rose 2.6 percent to $40.7 billion, below analysts’ estimates.

The DJIA was dragged down by Citigroup, largest bank in US. Its stock fell $1.98 to $45.96. The company reported fourth-quarter earnings of $4.97 billion, or 98 cents a share. The earnings were below consensus estimates of $1.

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.

A compilation of brief news reports for Monday, May 7, 2007.

A 30 meter section of a gas pipeline in Luka (near Kiev) in Ukraine has been destroyed by an explosion. Although supplies to Europe via this pipeline have stopped, Ukrainian Energy Minister Georgi E. Boyko said that supplies to Europe would not be affected.

“There are no changes in volumes of gas being transported,” Yuri Korolchuk said. “Volumes due to pass through the damaged section are being redirected through the Soyuz pipeline.”

Normal flows are reported in the Czech Republic, Hungary, Poland and Romania.

Sources

• “Blast damages pipeline in Ukraine” — Russia Today, May 8, 2007
• Natalya Zinets, Reuters. “Blast hits Ukraine gas pipeline” — The Scotsman, May 7, 2007

Copper prices are rising. Between record copper imports from China, and a mining strike in Peru, the prices have climbed to over $8100 (United States dollars) a tonne, for a gain of $575 dollars over the last week. However the upward trend is not new, it has been climbing for quite some time. In April 2003, the price of copper was under $2000 a tonne.

The metal market has been tending up due to growth in the Chinese industrial production. This trickles down to the local level, where the buying price at scrap yards is ever climbing, making scrap metal collection a more profitable endeavour for individual people using pick up trucks or other such vehicles to collect and cash in the scrap metal at metal buying yards. It can be collected via agreements with businesses, from the garbage, or, sometimes, by theft.

Copper prices fell today on the NYMEX commodity exchange from US$3.7545 per pound to US$3.7125 based on the July futures contract.

Sources

• “Copper up but crude oil down” — Financial Express, May 6, 2007
• Millie Munshi. “Metals Bubble Poised to Burst on Increasing Supplies” — Bloomberg L.P., May 7, 2007
• “Commodity Futures” — Bloomberg L.P., accessed May 7, 2007

One man was killed and another injured by an exploding backpack in the parking lot of the Luxor Hotel in Las Vegas, Nevada. The explosion happened at 4 a.m. PDT when the victim tried to remove a the object left on top of his car.

Agents from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) are on the scene. Aerial images did not show any apparent damage.

“We believe the victim was the intended target of this,” Bill Cassell said, spokesperson for the Las Vegas Metropolitan Police Department. “This is being treated as a homicide in which the weapon used to cause death is a non-traditional weapon.”

Both of the victims worked at the Luxor.

Sources

• Associated Press. “1 dead, 1 hurt in Las Vegas parking lot blast” — MSNBC, May 7, 2007
• “Explosion kills man in Vegas outside Luxor hotel” — Reuters, May 7, 2007