Saturday, December 6, 2008

Takeo Fukui, the President and CEO of Honda made a statement on Friday that the company will leave Formula One before the 2009 season.

Among the causes of this decision were the problems in the global auto industry, and the general economic crisis. It is estimated that Honda had an annual budget of US$500m for the team in 2008.

The team Honda Racing led by Nick Fry (CEO) and Ross Brawn (Team principal) will have three months to find a new owner. It may still be using Honda’s engines, as, previously, the BAR-Honda team. Nick Fry said three potential bidders had already emerged.

Honda’s 2008 race drivers, Jenson Button and Rubens Barrichello, still are not confirmed for 2009, nor is the GP2 star Bruno Senna, the nephew of Ayrton Senna, his prospects to enter the Formula One now faded but still exist.

The pullout has raised fears that another major Japanese automotive giant, Toyota, may also quit its team Toyota F1.

Earlier Dietrich Mateschitz‘s Red Bull became the sole proprietor over Toro Rosso after Gerhard Berger sold his shares of the team. It was said to be done to make selling the team easier.

The 2009 Formula One season will begin on March 29, with the Australian Grand Prix in Melbourne.

Friday, November 17, 2006

Microsoft, along with MetroFi, are set to construct a community wide Wi-Fi network in Portland, Oregon. Craig Mathias, founder of Farpoint Group, believes that one day Wi-Fi will offer a viable alternative to Cable and DSL.

“I think muni Wi-Fi will become enormous,” said Mathias.

Currently 68 cities in the United States have city wide Wi-Fi with 132 more planning deployments.

Saturday, August 12, 2017

Yesterday, the state government of Victoria, Australia announced their decision to trial self-driving vehicles on two of the state’s major connecting motorways, the CityLink and Tullamarine Freeway. The trial is to use autonomous vehicles from automobile companies including BMW, Mercedes-Benz, Volvo, and Tesla. The two-year trial is to have three phases.

The cars are to drive alongside commuters, but in public testing a driver is always to be present, as Victorian law requires drivers always keep a hand on the steering wheel. However, in occasional closures of the Burnley Tunnel, with no other drivers to endanger, the cars are to be tested with nobody in the vehicle.

Lane assist, cruise control, and recognition of traffic signs are in the trial’s first phase, expected to complete before the end of the year. This includes monitoring how the driver-less cars respond to road conditions, including lane markings and electronic speed signs.

“Victoria is at the forefront of automated vehicle technology — we’re investing in this trial to explore ways that this technology can be used to reduce crashes and keep people safe on our roads”, said Luke Donnellan, the Victorian Minister for Roads and Road Safety. He noted, “Ninety per cent of the fault of accidents is human error […] so we know that if we can take out human error we will have less accidents”.

Tim Hansen, Victoria Police’s Acting Assistant Commissioner, said that police had founded a project team to investigate how self-driving vehicles would change policing on roads. “Can we intercept vehicles more safely to avoid pursuits and ramming?”, he asked.

The trial is a partnership between the state government, Victoria’s road management authority VicRoads, owner of the CityLink toll road Transurban, and insurance company RACV.

Saturday, June 23, 2007

Inflation in Zimbabwe is now the world’s highest at 11,000 percent and rising. Reports first came in that the value of the Zimbabwean dollar had reached an all-time low two days ago, at which point the official inflation rate was 4,500 percent. Even though this was already high enough to be the world’s highest, to make matters worse, independent financial sources estimated the figure to be closer to 9,000 percent. Yesterday, reports came in that inflation had risen to 11,000 percent.

US Ambassador to Zimbabwe Christopher Dell is reported to have told The Guardian newspaper over the telephone that he believes inflation “will hit 1.5 million percent by the end of 2007, if not before,” adding that he “know(s) that sounds stratospheric but, looking at the way things are going, I believe it is a modest forecast.” Dell went on to predict that president Robert Mugabe would be forced out of power by the hyperinflation, a prediction also made by opposition leader Morgan Tsvangirai.

Dell added that he felt Mugabe would be out in “a matter of months, if not weeks” and justified his comments with the rationale that “It destabilises everything. People have completely lost faith in the currency and that means they have completely lost faith in the government that issues it.” Tsvangirai comments to the Associated Press were that: “He’s got an economy that’s down on its knees, he knows he cannot sustain it.” Despite this, Mugabe has expressed intentions to stand for the next election.

Exchange rates for the U.S. dollar have reached an official 15,000-1, but on the black market, according to one anonymous illicit money trader, deals have reached 140,000-1 in cash, with a shortage of bank notes creating a 200,000-1 premium on bank transfers and large overseas deals reaching as much as 300,000-1. Meanwhile, in the course of a week the black market exchange for the UK£ has risen from 160,000-1 to 400,000-1. Despite these increases, Mugabe remains adamant that his currency should not be devalued, and is keeping official exchange rates fixed, with the rate for the US$ fixed at 250-1.

The dealer said that added uncertainty had arisen from talks held between the current government and the opposition party, the Movement for Democratic Change. The official press services published propaganda describing the talks as the opposition negotiating “in bad faith” for its own political gain.

Shops are running out of goods due to the huge cost of imported goods and the lack of local ones due to the closure of inflation-crippled factories. “If it goes on like this, we’ll have nothing to sell, we’ll have no staff and we’ll have to close down completely,” said one store manager, who was unnamed because he feared retaliation by the state for being a “prophet of doom”. Other shops have been closing down temporarily to change their prices.

Hyperinflation is also worsening already crippling poverty in Zimbabwe, with people unable to afford the necessary goods for survival. State regulations limit bank money withdrawals to Z$1.5 million per day, hopelessly inadequate given current currency values. One person’s pension company informed him he would no longer receive statements because the value of his pension fund had decreased to less than that of a postage stamp.

The state daily Chronicle in the second city of Bulawayo reported that Western countries were planning to become involved with the situation upon Mugabe’s departure with a rescue package valued at US$3 billion. Western officials have confirmed that budget proposals exist relating to, according to the Associated Press, “food support, public services reform and the rebuilding of agriculture and general infrastructure over five years in a new political landscape led by reformist Zimbabwean politicians.” However, state media again ran propaganda-based stories, saying that Western powers and their close political friends, who state media call the “Fishmongers Group”, were “working overtime to destroy the economy, mutilate the Zimbabwe dollar, foment civil unrest and then dangle a rescue package to win the support of gullible politicians.”

Tuesday, February 19, 2008

While nearly all cover of the 2008 Presidential election has focused on the Democratic and Republican candidates, the race for the White House also includes independents and third party candidates. These parties represent a variety of views that may not be acknowledged by the major party platforms.

As a non-partisan news source, Wikinews has impartially reached out to these candidates, throughout the campaign. The most recent of our interviews is Laurens, South Carolina‘s John Taylor Bowles. Mr. Bowles is running with the endorsement of the National Socialist Order of America, a Minnesota-based Neo-Nazi party created after a recent rift in the National Socialist Movement.

[edit]

Monday, November 28, 2005

U.S. Representative Randy “Duke” Cunningham (R–CA) pled guilty today to conspiring to take bribes in exchange for using his influence as a member of the House Appropriations Committee to help a defense contractor get business. In total he pled guilty to one count of income tax evasion and four counts of conspiracy, namely mail fraud, wire fraud, bribery of public official and accepting bribes. U.S. District judge Larry A. Burns scheduled Cunnigham to be sentenced on February 27. He is facing up to 10 years in prison and nearly $500,000 in fines, as well as forfeiture of unspecified amounts of cash and property.

In the court hearing, Cunningham admitted to accepting “bribes in exchange for performance of official duties” between “the year 2000 and June of 2005”, taking “both cash payments and payments in kind” and following up by “trying to influence the Defense Department”.

The federal investigation against Cunningham was triggered by his sale of his California residence to defense contractor Mitchell Wade in late 2003. However, Wade never moved in and sold the house at a $700,000 loss three quarters of a year later. At the same time Wade’s company MZM won tens of millions of dollars in defense contracts. Subsequent investigations discovered more questionable business transactions, including interactions with the defense contractor ADCS. In his plea agreement he testified that, among other charges, he “demanded, sought and received at least $2.4 million in illicit payments and benefits from his co-conspirators in various forms, including cash, checks, meals, travel, lodging, furnishings, antiques, rugs, yacht club fees, boat repairs and improvements, moving expenses, cars and boats.”

Cunningham announced his resignation after the hearing. In a written statement released by his law firm O’Melveny & Myers LLP he declared “The truth is — I broke the law, concealed my conduct, and disgraced my high office. I know that I will forfeit my freedom, my reputation, my worldly possessions, and most importantly, the trust of my friends and family.”

Thursday, March 24, 2011

Both the Dravida Munnetra Kazhagam (DMK) and the All India Anna Dravida Munnetra Kazhagam (AIADMK) parties have announce “freebies” as part of their election manifestos in the lead-up to the vote in the south Indian state of Tamil Nadu. Freebies have been a success from the 2006 Tamil Nadu elections when DMK lured voters by announcing free colour televisions to households. That triumph led the major opposition AIADMK to announce similar freebies in their manifesto published Thursday.

DMK has announced free laptops to college students, kitchen appliances and modern networks to rural regions. The AIADMK, publishing their manifesto later, expanded on each of the promises of the DMK, plus offering 4g gold mangalsutra for the poor, monetary help for rural households and fishermen, free rice, and more.

AIADMK manifesto addresses larger issues, such as taking on the near-monopoly of the cable industry television industry, starting new Power generation plants to address power shortages in recent years.