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.

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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.

Wednesday, January 9, 2008

This year Israel turns sixty and it has embarked upon a campaign to celebrate its birthday. Along with technology writers for Slate, PC Magazine, USA Today, BusinessWeek, Aviation Weekly, Wikinews was invited by the America-Israel Friendship League and the Israeli Foreign Ministry to review Israel’s technology sector. It’s part of an effort to ‘re-brand the country’ to show America that there is more to Israel than the Palestinian conflict. On this trip we saw the people who gave us the Pentium processor and Instant Messaging. The schedule was hectic: 12-14 hours a day were spent doing everything from trips to the Weizmann Institute to dinner with Yossi Vardi.

On Thursday, the fifth day of the junket, David Saranga of the foreign ministry was able to arrange an exclusive interview for David Shankbone with the President of Israel, Nobel Peace Prize recipient Shimon Peres. For over an hour they spoke about Iranian politics, whether Israel is in danger of being side-lined in Middle Eastern importance because of Arab oil wealth, and his thoughts against those who say Israeli culture is in a state of decay.

Shimon Peres spent his early days on kibbutz, a bygone socialist era of Israel. In 1953, at the age of 29, Peres became the youngest ever Director General of the Ministry of Defense. Forty years later it was Peres who secretly gave the green light for dialogue with Yassir Arafat, of the verboten Palestine Liberation Organization. It was still official Israeli policy to not speak with the PLO. Peres shares a Nobel Peace Prize with Yitzak Rabin and Arafat for orchestrating what eventually became the Oslo Accords. The “roadmap” that came out of Oslo remains the official Israeli (and American) policy for peace in the Palestinian conflict. Although the majority of Israeli people supported the plans, land for peace was met with a small but fiery resistance in Israel. For negotiating with Arafat, former Prime Minister Benjamin Netanyahu shouted at Peres, “You are worse than Chamberlain!” a reference to Hitler’s British appeaser. It was during this time of heated exchanges in the 1990s that Yitzhak Rabin was assassinated by Yigal Amir, a Jew who thought it against Halakhic law to give up land given by God (Hashem).

Peres is the elder statesman of Israeli politics, but he remembers that he has not always been as popular as he is today. “Popularity is like perfume: nice to smell, dangerous to drink,” said Peres. “You don’t drink it.” The search for popularity, he goes on to say, will kill a person who has an idea against the status quo.

Below is David Shankbone’s interview with Shimon Peres, the President of Israel.

Sunday, April 24, 2011

The California Controller’s office reports that eleven state agencies have given US$13.3 million in pay and travel advances that have not been collected.

Governor Jerry Brown issued an executive order to recover uncollected loans by the agencies. A press release from the governor’s office states, “The Governor’s Executive Order seeks to recover taxpayer dollars by directing state agencies and departments to clear salary and travel advances within 30 days through an expense claim.” Any outstanding balance will be deducted from employees’ paychecks under the governor’s order after the 30 days.

Under California state law, state employees are permitted to receive advances for hardship, travel, and other circumstances. These advances cannot be collected by agencies after three years without the employee’s consent.

State Controller John Chiang said in a statement, “The state’s poor debt collection and accounting practices are fleecing public coffers at a time when vital public programs are being decimated by unprecedented budget cuts.” Chiang’s office expects there will be more money unaccounted for, including some from the California Highway Patrol (CHP). California state law mandates that anyone convicted of driving under the influence of alcohol is required to pay for the investigation. The CHP has not collected this money.

The California Department of Transportation, also called Caltrans, has the largest debt of the eleven agencies: $3.2 million. Cal Fire, or the California Department of Forestry and Fire Protection, “had an outstanding balance of $1.44 million as of June 30, 2008. An overwhelming portion of that balance was related to employee salary and travel advances,” according to a controller’s office audit.

Chiang’s office had informed former California governor Arnold Schwarzenegger there were outstanding debts, but Schwarzenegger’s administration did not take action.

All eleven agencies have agreed to hand over any delinquent accounts to the controller’s office, who will collect these debts.

Tuesday, May 10, 2005

Google News submitted patent applications both in the United States and world-wide in September 2003 for a system of ranking search returns. The patent protection filings seek to control Google’s approach that filters headlines through a complicated algorithm, including the quality of the news organization. How much of this system is currently in use by the search engine giant is unknown.

Primitive search engines are expected to organically evaluate links based on how closely the keywords typed in the search field match an object link, and how many other links are attached to the object. Then a measure of relevance is calculated before returning a reply.

It seems some measure of the work being done at Google is a reaction to search engine optimization (SEO) campaigns which can, if done effectively, skew results to certain domains. A challenge for Google is to develop its technology to nullify efforts on the dark side of SEO and link-spamming.

What also seems to be coming out from this, according to research from the Internet Search Engine Database, is that Google does indeed have a ‘sandbox’ where domains are evaluated first by a human factor before being released into its algorithms.

In its first ever Securities and Exchange Commission filing since the company went public last year, Google indicated that it intends to spend US$500 million on technology development, more than double the $177 million it spent two years ago.

The language used in the lengthy patent application itself is difficult to understand. An excellent article titled “Google United – Google Patent Examined” found below, describes some of the nuts and bolts of Google’s techniques.