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Friday, October 5, 2007

Johan Boyden is running for the Communist Party in the Ontario provincial election, in the Toronto Centre riding. Wikinews interviewed him regarding his values, his experience, and his campaign.

Tuesday, March 13, 2007

Just two weeks after China sent global markets into a tumble, growing worries about sub-prime mortgage lenders in the United States are sending jitters through stock exchanges around the globe. The three major US stock market indices each fell two percent from Monday’s closing price, marking the second-biggest loss of 2007. London’s FTSE 100, Paris’ CAC 40 and Frankfurt’s DAX 30 indices each closed down more than 1 percent.

As the Mortgage Bankers Association reported that late payments on mortgages and home foreclosures in the US homes rose in the fourth quarter to their highest level in years, investors are concerned that not only US banks but also multi-national banks around the globe could have exposure.

More than two dozen sub-prime lenders have closed or sold operations as defaults on those mortgages have risen. “The delinquencies and defaults have started to soar,” said Nicolas Retsinas, director of Housing Studies at Harvard University. “A lot of these lenders started to make loans and lost track of some of the fundamentals.”

New Century Financial Corporation, the second largest sub-prime lender in the US, has recently revealed that its creditors were no longer providing funds and, further, it has become subject of an SEC investigation. The New York Stock Exchange has said it will delist New Century. Accredited Home Loan Lending, another major sub-prime mortgage specialist, said it was seeking fresh capital and waivers on its lending covenants.

Sub-prime lenders provide mortgages to people who do not qualify for loans from mainstream lenders, typically due to their credit histories. The lenders then bundle these mortgages as collateral for loans that they obtain from other financing firms, such as GMAC. Such firms can then repackage these loans and sell them as mortgage-backed securities. These securities may end up in the hands of major multi-national banks such as Citibank, HSBC, and Commerzbank. Each level of lending assumes a level of financial risk, but trouble can arise when the risk tolerances are exceeded. If too many homeowners default on their mortgages, the sub-prime lender can end up defaulting. If too many of these lenders default, as it is feared may be happening now, the defaults can cascade upward. While no one is predicting major bank failures at this point, it is feared that their profits could be hurt.

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 Gaithersburg, Maryland’s Richard H. Clark (b. 1960), a senior software engineer and member of MENSA.

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Monday, November 2, 2020

The following is the sixth and final edition of a monthly series chronicling the 2020 United States presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

This month’s spotlight on the campaign trail: the Free and Equal Elections Foundation holds two presidential debates, three candidates who did not participate in those debates give their final pleas to voters, and three political pundits give their predictions on the outcome of the election.

Thursday, April 7, 2005

Sony’s recently introduced Playstation Portable has proved popular with curious geeks who discovered various talents hidden within the new handheld video console.

The biggest ‘hack’ so far has been the manipulation of a web browser embedded within the PSP game ‘Wipeout Pure’, which can be easily coaxed into accessing the majority of Internet via a suitable portal. Jonathan Terleski was able to monitor the digital conversation held between his PSP and Sony’s website when the browser in his game ‘Wipeout Pure’ would try to download new software from Sony via the Internet. Using a suitably set up DNS server, Terleski configured his handheld console to access his own custom PSP portal, instead of Sony’s website, and then invited other owners to use his gateway to the web. [1]

From this discovery, Robert Balousek later created a web based IRC interface that allows people to talk to each other and hold conversations in real time via the Internet on their PSP consoles. According to Reuters, his IRC website has to date been used by as many as 100,000 visitors and Balousek now plans to introduce a web based interface to the AOL instant messaging network for PSP users.

Other notable recent ‘hacks’ include reading ebooks and comics and watching pre-recorded television shows, taken from a TiVo, on the Sony PSP.

None of the ‘hacks’ have yet employed writing custom software for the device. So far, most are spin-offs of Jonathon Terleski’s web browser hack. Other hacks, like the ebook reader and television show viewer, are made possible through use of the PSP’s built in tools for viewing video and images. Sony has not yet released an SDK which would allow end-users to write ‘homebrew’ software, therefore hackers are tied to manipulating software included with the PSP or available through the games purchased separately.

Speaking to Wikinews, Jacob Metcalf, who documented the web comic’s hack on his website, explained his motivation: “Web comics are already designed for on-screen reading and they have some of the same audience as people who play games – lots of the most popular web comics are about gamers, like PVP and Penny Arcade.”

He added: “I do wish that [Sony] would come out with an actual web browser like the Dreamcast had. South Korea is going to get a real web browser and I have a feeling in my gut that there is going to be Internet software for the PSP like a web browser and email announced at E3 this year.”

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley West (Ward 25). Three candidates responded to Wikinews’ requests for an interview. This ward’s candidates include John Blair, Robertson Boyle, Tony Dickins, Cliff Jenkins (incumbent), and Peter Kapsalis.

For more information on the election, read Toronto municipal election, 2006.

Wednesday, April 1, 2009

The United Stated Department of Justice has asked for corruption charges against former Alaska Senator Ted Stevens to be dropped because evidence was withheld from the defense team by the original prosecutors. The Justice Department has stated that they will not retry Stevens.

In a statement, US Attorney General Eric Holder said, “After careful review, I have concluded that certain information should have been provided to the defense for use at trial. In light of this conclusion, and in consideration of the totality of the circumstances of this particular case, I have determined that it is in the interest of justice to dismiss the indictment and not proceed with a new trial.”

Stevens was convicted in October on seven felony counts of lying on senate disclosure forms about gifts, largely in the form of free renovations to his home, received from an oil service company; his conviction is thought to have been a large factor in his November electoral defeat to former Anchorage mayor Mark Begich, the current junior Senator from Alaska. Stevens immediately appealed his conviction and has maintained his innocence.

The prosecution case has met with a number of procedural difficulties, with US District Court judge Emmet G. Sullivan holding the prosecution in contempt in March for failing to turn over documents concerning an FBI whistleblower’s reports of mishandling of the case. The Justice Department has since replaced the case’s prosecutors, and the allegations of misconduct have held up sentencing from the original convictions.

The filed papers indicate that notes were never turned over from an interview that has the oil contractor estimated the house renovation for far less then he specified at trial.

The original trial team was removed, but in the end Attorney General Eric Holder thought it would be best if the case was dropped. NPR’s source indicate that Holder wish to forcefully transmit that prosecutorial misconduct will not be tolerated. The trying prosecutors are under investigation by the Justice Department for their conduct in the matter.

Stevens, now 85, served as Alaska’s Senator from 1968 to 2009.

Tuesday, August 23, 2011

A 5.8 earthquake struck 4 miles southwest of Mineral, Virginia, 80 miles south of Washington D.C., at 1:51 p.m. EDT (17:51 UTC) and lasted for 15–30 seconds. The quake had a magnitude of 5.8 with an epicenter 27 miles (43 km) east of Charlottesville, Virginia. A 2.8 aftershock was reported at 2:46 pm EDT (18:46 UTC).

According to Twitter reports, the quake was felt inland as far as Cleveland and Toronto and along the coast from Boston to Georgia. Police sergeant James Ryan, from South Brunswick, New Jersey stated that “The 911 line is flooding with calls right now. People want to know what happened. They want to know if there was an explosion.”

The United States Capitol and The Pentagon in Arlington were evacuated, as were police headquarters and city hall in New York City. Numerous minor injuries have been reported in Washington, D.C.; however, none of them are serious. There have been confirmed reports of damage at the Washington National Cathedral and the Smithsonian Castle. The Pentagon was also damaged when a burst pipe caused flooding. The North Anna Power Station lost offsite power and had to shut down, turning to four diesel generators to maintain cooling of the facility. Both the JFK and Newark airports were briefly shut down and the control towers were evacuated. A release from Amtrak stated that trains will be operating at reduced speed, but no damage has been found on any rail lines. The Washington Metro is also operating on reduced speed, with some stations closed down, while lines are evaluated.

In Boston, it was reported that the building at 111 Devonshire Street appeared to be leaning onto the adjacent building at 50 Milk Street, with fears that it could collapse. The street was blocked off while the Boston Fire Department investigated. However, it was determined that the buildings had always appeared like that. Nevertheless, the Boston Fire Department investigated the roof and the inside of 111 Devonshire St. After 30 minutes, the building was determined to be safe.

This is the second strongest earthquake to originate in Virginia since records have been kept, after the one recorded on May 31, 1897, near Giles County, which was estimated at a magnitude of 5.9.

The Dow initially dropped 50 points after the earthquake struck, but later increased over 100 points.

Friday, September 29, 2006

Diamond Brownridge, a 5-year old girl from Chicago, Illinois, has died after a visit to the dentist. Children’s Memorial Hospital officials say that the girl was rushed to the hospital when she never woke up after being sedated for a dental procedure. She had been in a coma, on life support, since being admitted to the hospital early in the weekend.

“She passed very peacefully and beautifully,” said the hospital in a statement that the family issued.

Ommettress Travis, the mother of the girl, was asked not to remain inside the room while dentists were operating on the girl to repair two cavities and to have at least two caps replaced. Travis says after thirty minutes she was asked to come back in and found Brownridge not breathing, in the dentist chair.

Hicham Riba, a specialist and professional in anesthesia, who was also licensed, was the dentist in charge of the procedure.

“My family and I are so sad. May God bless Diamond and her family. Every time you have a tragedy like this, you pray more. I don’t think I will ever go back to a normal life after an experience like this,” Riba said in a statement on Wednesday, September 28.

According to the family, the girl had been given at least a triple dose of medicine that sedated her. Those drugs include: nitrous oxide gas, a single dose of an “oral agent” and an IV.

A judge has ordered that all equipment and materials used during the operation be protected and examined. The girl’s medical records have also been ordered to be examined.

There is no word on whether or not any charges will be filed against Riba or any of the dentist’s staff.

Saturday, February 5, 2005

On Saturday NATO and Afghan troops located the wreckage of the Kam Air Boeing 737 missing since Thursday.

Afghan interior ministry spokesman Latfullah Mashal announced the discovery. “The debris of the plane was found around 25 kilometers east of Kabul in a mountainous area called Band-e Ghazi.”

The jet had been enroute to Kabul from Herat when it was diverted due to heavy snow. The crew then sought clearance to land across the border in Peshawar, Pakistan before it lost contact with air control. 104 persons are reported to have been aboard, including 8 crew members; there are no signs of survivors reported.

The weather conditions have hampered search and rescue efforts. NATO-operated helicopters located the crash site. Afghan police and units from Afghanistan’s foreign peacekeeping force are investigating the scene of the crash, according to Mr. Mashal.