Iceland and United Kingdom in diplomatic dispute over financial crisis

Saturday, October 11, 2008

Relations between Iceland and the United Kingdom are deteriorating after the two nations fell out over the current financial crisis. When Iceland nationalised first Landsbanki and then Kaupthing Bank the Financial Services Authority only took on domestic assets, leaving British customers with subsidiary banks out of pocket. While Britain feels Iceland should also pay out to their citizens, Iceland blame the UK for triggering the crisis by using the Anti-terrorism, Crime and Security Act 2001 to freeze the UK assets of Icelandic banks.

UK Prime Minister Gordon Brown says Iceland should pay out up to €20,887 (£16,448) of UK investors’ money in the banks, particularly Icesave, an online company owned by Landsbanki which had around 300,000 accounts owned by UK customers. It will cost an estimated 2.4 billion pounds to compensate them, and it looks likely the UK will foot that bill.

Alistair Darling, the U.K. Chancellor of the Exchequer, has said that individuals with accounts will see their money again but other accounts are not guaranteed – leaving governmental, corporate and charitable deposits at risk of being lost. UK local authorities could lose £799 million.

HAVE YOUR SAY
Whose side are you on – Britain or Iceland?
Add or view comments

“The prime minister made clear the behavior of the Icelandic authorities had been unacceptable, and we had found it very difficult to get information from them,” said Michael Ellam, a spokesperson for Brown. A delegation has been sent to Reykjavik from the UK to try and solve the dispute amicably.

However, fears that the crisis may escalate have led to the pound becoming heavily devalued. The pound hit its lowest level for five years versus the US dollar after Brown threatened to freeze the assets of all Icelandic companies in the UK, which employ around 100,000 people.

The last time the two nations had a dispute, dubbed the Cod Wars, was in the 1970s. Iceland declared an exclusive fishing zone and began to cut the nets of British trawlers entering the area. That dispute came to a head in 1976 when a UK naval vessel with nuclear arms rammed an Icelandic ship that had been cutting nets. After this a compromise was reached to allow a limited number of British ships in the area.

China and South East Asian nations to create the world’s largest free trade area

Tuesday, November 30, 2004

VIENTIANE, Laos – The People’s Republic of China has signed an agreement with ASEAN to establish the world’s largest free trade area. Japan, South Korea, New Zealand, India and Australia are considering joining. ASEAN members include Myanmar, Laos, Thailand, Cambodia, Vietnam, Philippines, Malaysia, Brunei Darussalam, Singapore and Indonesia.

In the last four years China has become a major importer of oil and commodities, and a major exporter of finished goods. China has also strengthened relationships with oil suppliers in the Middle East and Africa. This pact lifts trade restrictions and removes tariffs from many imports and exports. It also allows China to continue manipulating the value of its currency in its own interests. The yuan is currently undervalued, making Chinese-made goods artificially cheap for foreign importers.

Stated in the agreement is ASEAN’s intention to create a unified economy–and by implication polity–similar to the EU. This agreement will cement China’s role as the center of the South Asian regional economy, and at the same time strengthening bonds between China and other countries in the region and ease their suspicions over a growing superpower.

Japanese Prime Minister Junichiro Koizumi and South Korean President Roh Moo-Hyun separately adopted accords with the 10-nation Association of Southeast Asian Nations, agreeing to launch the talks early next year. Both agreements aim for trade pacts within two years. Australia and New Zealand are expected to sign similar agreements with ASEAN before discussions close later Tuesday, although ASEAN remains wary of Australian Prime Minister John Howard’s refusal to sign its nonaggression treaty. Howard played down these concerns but said on record that he reserves the right to preemptively act against terrorists on foreign soil if they threaten Australia.

Crosswords/2005/February/2

Wednesday, February 2, 2005

Feel free to use the Wikimedia sites to solve our Wikinews crossword (Please do not fill it out online as it would spoil it for other people, print it out and fill it in at you own leisure!)

< Yesterday’s crossword.

Contents

  • 1 Quick crossword
  • 2 Across
  • 3 Down
  • 4 Yesterday’s solution

Wikinews interviews Stephen Murphy about the upcoming by-election in the Higgins electorate of the Australian parliament

Tuesday, December 1, 2009

With two by-elections coming up in Australia, many minor parties and independents will be looking to gain a seat in the House of Representatives. Stephen Murphy is one of the independents.

Mr Murphy is a computer programmer from the Melbourne suburb of Brunswick.

“After growing up in South-East Melbourne I studied Science at Monash with first class Honours, worked in Europe for 10 years and have recently returned to Australia. I work in finance as a computer programmer and speak five languages,” Mr Murphy said.

Wikinews reporter Patrick Gillett held an exclusive email interview with Mr Murphy, candidate for the Division of Higgins.

((WN)) Why do you want to get into parliament?

Stephen Murphy: I am standing up for what I believe is the correct course of action on the biggest issue in Australian politics in 100 years – Kevin Rudd’s flawed emissions trading scheme (ETS).

((WN)) What would the three main policies you are taking into this by-election be?

SM: I will oppose the emissions trading scheme, ensure that all government policy is based on accurate scientific evidence and return common sense to Canberra

((WN)) How would you address these policies?

SM: By asking for a Royal Commission into climate change so that the facts (such as that global warming stopped in 2001 and the emissions trading scheme will not change the climate one bit) are openly presented to the Australian people.

((WN)) Sending asylum seekers to Indonesia: good or bad?

SM: Any government policy that does not properly consider all implications (be it emissions trading, or any other issue) is a bad one.

((WN)) Is the Australian dollar’s near parity with the US dollar a sign that the Australian economy is healthy, the US economy in chaos or both?

SM: It’s a sign of both. Many countries around the world look with envy at how well (relatively) Australia is doing, to our credit! It is of concern that the American economy is in such bad shape and that their levels of debt seem unsustainable.

((WN)) How do you rate the governments economic stimulus package?

SM: The economic stimulus package was poorly targeted and poorly carried out. When we could have been building roads, dams, railways and hospitals yet instead we were paying for tattoos, PlayStations and overseas holidays.

((WN)) Should it be wound back?

SM: The question about levels of stimulus spending is a complicated one and requires expertise in economics, however one could say in general terms that all government spending should be well targeted and spent in the most efficient way.

((WN)) Is Kevin Rudd a better Prime Minister than John Howard?’

SM: Australian voters are the best judge of that and we will know in 2019 🙂

((WN)) Is the Carbon Pollution Reduction Scheme an effective solution to climate change? Why?

SM: Absolutely not. The CPRS will not change the climate by any amount that we can measure – it’s just a new tax that will hurt Australians and drive businesses and jobs overseas. Since 2003 there has been mountains of new scientific data which contradicts the popular theory that human carbon dioxide emissions are causing significant global warming. Recently, many of the scientists who wrote the IPCC report (on which the ETS / CPRS is based) have been reported as manipulating scientific data to create scary global warming scenarios. The science is definitely not settled

((WN)) Is there a better solution?

SM: We can very easily refocus the momentum and goodwill that has been generated on climate change and channel this energy into other worthwhile environmental projects in Australia that will make a difference.

((WN)) Why should the electorate vote for you?

SM: I will oppose the ETS and support responsible environmental policies instead of radical environmental policies that could end up costing every Australian taxpayer $4550 per year in new taxes.

Dell joins Microsoft-Nortel VoIP Team

Saturday, October 20, 2007

Dell Inc. announced on Tuesday that it will partner up with the Microsoft-Nortel Innovative communications alliance (ICA) team to sell Unified Communications and VoIP products.

The announcement on Tuesday the 16th of October 2007 includes Dell selling VoIP, data and wireless networking products from Nortel and the Microsoft Office Communications Server 2007 and other unified communications products.

The partnership with both manufacturers should allow Dell to provide a pre-integrated solution.

In March 2007, competitors IBM and Cisco announced they would join in the competition for developing unified communications applications and the development of open technologies around the unified communications and collaboration (UC2) client platform an application programming interfaces (APIs) offered by IBM as a subset of Lotus Sametime.

“We want to make it simple for our customers to deploy unified communications so their end users can get access to all their messages in one place – whether its e-mail, phone or mobile device. This will pave the way for more business-ready productivity tools,” said vice president of solutions, Dell Product Group, Rick Becker.

  • Customers have four options:
    • Core Office Communication Server 2007 – provides instant messaging and on-premise Microsoft Live Meeting.
    • Office Communication Server: Telephony – enables call routing tracking and management, VoIP gateway and public branch exchange (PBX) integration.
    • Audio and Video Conferencing – allows point-to-point conference, video conference and VoIP audio conference.
    • Exchange Unified Messaging – provides voicemail, e-mail and fax in Microsoft Outlook, and anywhere access of Microsoft Outlook Inbox and Calendar.

Demonstrations planned to protest internet censorship in Finland

Tuesday, March 4, 2008

On March 4, 2008 a demonstration against censorship is planned to be held at the Finnish Parliament, part of the continuing controversy over the Finnish Internet child porn filter. The organizers of the demonstration expect at least two-hundred participants, with representatives of the digital rights organization Electronic Frontier Finland (Effi) and several political parties will also present.

The controversy arose after the Finnish National Bureau of Investigation (NBI) blacklisted censorship critic Matti Nikki’s site. Matti Nikki himself is now under criminal investigation for aiding in the distribution of child pornography, as he published a large portion of the filtering blacklist on his still-censored website. MP Jyrki Kasvi has made an official inquiry in the Finnish Parliament on the matter, and Effi has filed an official complaint to the parliamentary ombudsman.

The Finnish Minister of Communication, Suvi Lindén, and the NBI have been severely criticized over the filtering system, which has been under heavy scrutiny by the media. After stating that she will not tolerate discussion criticizing the filtering system, as the situation is not a matter of freedom of speech, a petition was signed by over 12,000 people demanding her resignation. This was accompanied by a Thai civil rights group questioning the blocking as child porn of a memorial site dedicated to a member of the Thai royal family. Eventually the NBI removed the memorial site from the blacklist, explaining that the DNS based system blocks only whole sites, and that there was child pornography site under the same domain; this raised questions about the efficiency of the filtering system.

Lindén later admitted that she did not know the details of the filtering system, as it had been established by her predecessors, before the change of government in early 2007. She has nevertheless defended the system, citing the protection of children, but admitted that there are problems with the Finnish system, and in other countries with similar systems.

The NBI have published a statement explaining their actions, at the request of Lindén. In it the NBI stated that there are filtered sites that do not contain any child pornography, but claimed that it was not their fault, rather a side effect of the system. They also noted that they are planning to address this issue by switching from a DNS based filter to a URL based system.

According to a prominent Finnish expert of filtering technology, the planned URL filtering would cost least two million euros. This estimate comes at the same time that the government cut back funds for work against child abuse, causing further uproar.

The NBI’s official position is that they block pornographic sites where the actors look too young, and sites which link to these sites. The argument for the filtering is that there is a large amount of child pornography on the Internet, most of it based on servers in countries where the authorities are indifferent to the issue.

The general opinion after analysis by multiple people is that the list of at least 1,700 sites contains a handful of actual child pornographic sites, most of which are not located in Western countries. However, some sites in the list are located in countries like the United States, the Netherlands, United Kingdom and Germany, and very few of those contain even questionable or borderline material. Dutch journalist Karin Spaink reviewed 40 sites on the list which were physically located in the Netherlands. She concluded that some of the sites have illegal child pornography, and that four of those are also blocked in the Netherlands by their equivalent filtering system. She estimated that about half of the 40 did not contain any illegal material.

Effi’s response to the NBI’s statement was that the issue with censorship is not technical but that it has no place in an open, democratic society.

South Australian Premier Rann wants apology from Hicks

Tuesday, January 1, 2008

South Australian Premier Mike Rann has said that David Hicks, a convicted terrorism supporter, should apologise unconditionally to the Australian public for his actions.

Hicks, who was released from Yatala Labour Prison in Adelaide, was expected to make an apology upon release, but his lawyer read a prepared statement instead. He spent six years at Guantanamo Bay before being convicted of providing material support to terrorists.

Mr. Rann says it would be appropriate for Hicks to apologise.

“Rather than working for the Taliban, I think it’s appropriate for Mr. Hicks to make an apology to the people of Australia,” Rann stated.

Prime Minister Kevin Rudd has said that Hicks “should be treated no differently to any other Australian citizen in these circumstances”.

NASA celebrates 30th anniversary of first shuttle launch; announces new homes for retired shuttles

Wednesday, April 13, 2011

NASA celebrated the launch of the first space shuttle Tuesday at an event at the Kennedy Space Center (KSC) in Cape Canaveral, Florida. On April 12, 1981, Space Shuttle Columbia lifted off from the Kennedy Space Center on STS-1, the first space shuttle mission.

NASA held a ceremony commemorating the date outside the hangar, known as Orbiter Processing Facility-1, for Space Shuttle Atlantis, which is being prepped for its final mission which will be STS-135, which will be the last Space Shuttle mission.

At the ceremony, NASA Administrator Charles Bolden announced the locations that would be given the three remaining Space Shuttle orbiters following the end of the Space Shuttle program. The prototype orbiter, Space Shuttle Enterprise would be relocated from the Smithsonian’s National Air and Space Museum Steven F. Udvar-Hazy Center at Washington Dulles International Airport to the Intrepid Sea-Air-Space Museum in New York City.

Space Shuttle Discovery will take the place of Enterprise at the Udvar-Hazy Center. Discovery has already been retired following the completion of STS-133 last month, its 39th mission. Discovery is undergoing decommissioning and currently being prepped for display by removing toxic materials from the orbiter.

Space Shuttle Endeavour, which will launch on STS-134 at the end of the month on April 29, will be sent to the California Science Center in Los Angeles, California following its retirement. Finally, Atlantis will go on display at the Kennedy Space Center Visitor Complex following the orbiter’s last flight which launches June 28.

Columbia was lost tragically back on February 1, 2003 when it disintegrated during re-entry killing all seven astronauts aboard. Space Shuttle Challenger was lost when it exploded 73 seconds after liftoff back on January 28, 1986 killing all six aboard.

“We want to thank all of the locations that expressed an interest in one of these national treasures,” said Bolden to the gathered crowd which contained many KSC employees. “This was a very difficult decision, but one that was made with the American public in mind. In the end, these choices provide the greatest number of people with the best opportunity to share in the history and accomplishments of NASA’s remarkable Space Shuttle Program. These facilities we’ve chosen have a noteworthy legacy of preserving space artifacts and providing outstanding access to U.S. and international visitors.”

Over twenty locations looked to obtain one of the orbiters because of potential tourism booms from them.

This was a very difficult decision, but one that was made with the American public in mind. In the end, these choices provide the greatest number of people with the best opportunity to share in the history and accomplishments of NASA’s remarkable Space Shuttle Program.

Not all were pleased with the final choice of locations. U.S. Senator John Cornyn, Republican from Texas, issued a statement regarding the rejection of Johnson Space Center (JSC) in Houston, Texas as a location. “Like many Texans, I am disappointed with NASA’s decision to slight the Johnson Space Center as a permanent home for one of the Space Shuttle Orbiters. Houston has played a critical role throughout the life of the space shuttle, but it is clear political favors trumped common sense and fairness in the selection of the final locations for the orbiter fleet.”

Cornyn’s statement added, “There is no question Houston should have been selected as a final home for one of the orbiters—even Administrator Bolden stated as much. Today’s announcement is an affront to the thousands of dedicated men and women at Johnson Space Center, the greater Houston community and the State of Texas, and I’m deeply disappointed with the Administration’s misguided decision.” However, the JSC will recieve pilot and commander seats from the flight deck.

The Museum of Flight in Seattle, Washington was also proposed as another location for a shuttle, going so far as to build a new building to house an orbiter. In a statement, Governor of Washington Chris Gregoire said, “The Museum of Flight put a tremendous amount of effort into landing a retired shuttle in the Pacific Northwest. As the home of modern day air travel and the 747, which has gracefully transported shuttles for the last 30 years, Seattle would have been a perfect fit. While the Museum of Flight was in the top running, I’m disappointed that NASA did not choose them.

“However, the full fuselage trainer, that every astronaut including [former Museum of Flight CEO] Bonnie Dunbar has been trained on, will soon call the Museum of Flight home. The largest of the trainers, this addition will allow visitors to actually climb aboard the trainer and experience the hands-on training that astronauts get. Visitors will not be allowed in the other shuttles and this trainer is a true win for our dynamic museum. It will help inspire young people to the adventure of space and to the excitement of a career in science, technology, engineering and math.”

Today’s announcement is an affront to the thousands of dedicated men and women at Johnson Space Center, the greater Houston community and the State of Texas, and I’m deeply disappointed with the Administration’s misguided decision.

Other items include various shuttle simulators which will be given to the Adler Planetarium in Chicago, Illinois, the Evergreen Aviation & Space Museum of McMinnville, Oregon, and Texas A&M’s Aerospace Engineering Department. The nose cap assembly and crew compartment trainer for the National Museum of the U.S. Air Force at Wright-Patterson Air Force Base in Ohio and orbital maneuvering system engines for the U.S. Space and Rocket Center in Huntsville, Alabama, the National Air and Space Museum, and the Evergreen Aviation & Space Museum.

NASA is also offering shuttle heat shield tiles to schools and universities that want to share technology and a piece of space history with their students.

The 30th anniversary of the first shuttle mission coincided with the 50th anniversary of the first manned space flight when Yuri Gagarin lifted off aboard Vostok 1 into space.

Finance Your Business Plan Through Secured Business Loan

By Amanda Thompson

Basically for starting a business, two things are required that are – productive plan and sufficient finances. And, if you are sure that your business plan is productive and will do the best; however, you are just lacking sufficient finances, then don’t worry, as financial market will support you financially by means of secured business loan.

Secured business loan forms a part of secured personal loan, in which, there is a need to place asset as collateral against the loan amount. Here, collateral can be anything such as car, house or any fixed asset.

Secured business loan enables the borrower to procure larger amounts on low rates. This is also a reason that, why secured business loan are getting popular in the financial market.

This can be used for either of the following purposes:

[youtube]http://www.youtube.com/watch?v=D7VwxesPibM[/youtube]

— starting a new business or venture

— buying another business

— purchasing machinery and equipments

— consolidating business debts

— expanding an existing business

Secured business loan is considered as the fastest way of arranging funds for business. The borrower has an option to choose from the various type of interest rate being offered. Usually, two types of interest rate are offered, that are fixed rate of interest and flexible rate of interest. In fixed rates, the rate doesn’t fluctuate and remains same till the last payment of installment. And, flexible rate of interest fluctuates with the change in the market forces or any other factor. It has been observed that flexible rates are generally low in the beginning, but after that they totally depend on the market. So, they are considered as bit riskier than fixed rates.

While availing secured business loan, the borrower should make sure that he can easily meet all repayments. Since, failure of making timely repayments can put an asset, on risk of repossession.

In today’s scenario, even a bad credit scorer can avail secured business loan, but on little high interest rate. However, if they want to avail secured business loan on competitive rates, then, they must try to place collateral with high equity. Using co-signer is another way for bad credit scorers for availing secured business loan on competitive rates. Co-signer, act as assurance that, if the borrower fails to make repayments, then he will be liable for it.

Secured business loan is provided by majority of the lenders in the physical market. Other than lenders in the physical market, there are online lenders also, who offer secured business loan on low and better rates.

Thus, secured business loan converts your dreams in reality by supporting you financially.

About the Author: Amanda Thompson holds a Bachelor’s degree in Commerce from CPIT and has completed her master’s in Business Administration from IGNOU. She is working for chance for loans . To find a Secured business loan, Cheap rates, Unsecured personal loans, Personal loans visit

chanceforloans.co.uk

Source:

isnare.com

Permanent Link:

isnare.com/?aid=105657&ca=Finances

Canada’s Scarborough-Agincourt (Ward 39) city council candidates speak

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

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 Scarborough-Agincourt (Ward 39). Two candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Wayne Cook, Mike Del Grande (incumbent), Samuel Kung, Lushan Lu, Sunshine Smith, and John Wong.

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