Category:June 2, 2010

Monday, April 14, 2008

This weekend, April 12–13, the joint Development Committee of the World Bank Group and the International Monetary Fund (IMF) held its annual Spring Meeting in Washington, D.C.

The Group of Seven (G7), which is comprised of the economic policy makers from the United States, United Kingdom, France, Germany, Italy, Canada, and Japan, held its annual meeting on Friday, April 11. This meeting, which rotates locations, was also held in Washington, D.C.

The Development Committee meeting ended on Sunday, with a call from the economic leaders for assistance to the countries which been adversely affected by rising food prices. Economic growth has slowed to its lowest rate in five years, while the rising costs of food and energy have not slowed.

Robert Zoellick, the president of the World Bank, said, “We have to put our money where our mouth is. Now. So that we can put food into hungry mouths. It’s as stark as that.” He called for US$500 million in emergency funds for the United Nations’s World Food Programme by May 1, 2008.

“All that has been done [in the past decade] can be undone very rapidly by the crisis coming from the increase in food prices,” said Dominique Strauss-Kahn, the managing director of the IMF.

“Children will be suffering from malnutrition, with consequences for all their lives,” he said. He cited the growing use of land for biofuels as contributing to rising food costs. In the end growing violence and civil unrest could be a result.

Strauss-Kahn further warned that eventually it could become “not only a humanitarian question,” but could also affect developed nations by leading to trade imbalances.

Specifically cited as a current example, was Haiti, where just this weekend, violence escalated resulting in the death of a United Nations peacekeeper and the ousting of Prime Minister Jacques-Édouard Alexis.

United States Secretary of the Treasury Henry Paulson cautioned that affected countries “need to resist the temptation of price controls and consumption subsidies that are generally not effective and efficient methods of protecting vulnerable groups.”

Price controls and subsidies “tend to create fiscal burdens and economic distortions while often providing aid to higher-income consumers or commercial interests other than the intended beneficiaries,” Paulson said.

In their Friday statement, the G7 said “there have been at times sharp fluctuations in major currencies, and we are concerned about their possible implications for economic and financial stability.” This marked the first time since the February 2004 meeting in Boca Raton, Florida, that the wording on foreign exchange has been altered.

The G7 presented a plan to strengthen regulation of capital markets. They urged financial firms to “fully” disclose their at-risk investments and improve capital reserves. While the G7 did not outline new monetary or fiscal policies, it did promise action “as appropriate.” The timetable for the plan is 100 days.

The head of G7 Market Economics at Tullett Prebon, Lena Komileva, observed, “The implicit message is that the G7 is moving closer towards concerted action in the event that persistent volatility in the foreign exchange market presents new risk of systemic failure in the financial industry.”

“While action is unlikely in the short run, they are probably already considering a pre-emptive move in foreign exchange markets to slow the dollar’s decline,” added Komileva.

Economists at Goldman Sachs told their clients, “After a period where the possibility of G7 policy intervention seemed very remote, providing no counterweight to the dollar depreciation forces, we are moving towards a regime where G7 intervention is a more real possibility.”

Saturday, May 17, 2008

Construction workers and next of kin of deceased workers filed a lawsuit in Tokyo, Japan Friday seeking damages of approximately 6.6 billion yen (about US$64 million) from the government and manufacturers related to illnesses stemming from exposure to asbestos. 178 plaintiffs; including construction workers and family members filed the suit in Tokyo District Court against 46 building manufacturers and the Government of Japan.

According to the Mainichi Daily News, the class action suit is the first that has been filed in Japan related to health damages caused by asbestos exposure at construction sites. The plaintiffs hail from the Japanese prefectures of Tokyo, Saitama and Chiba.

The plaintiffs claim that the government and manufacturers knew of the dangers of asbestos inhalation but failed to take proper precautions, including ceasing to promote asbestos as a cheap fire retardant and banning production of the material.

They state that after inhaling asbestos in the workplace, 172 people have developed lung cancer or mesothelioma, and that almost half of those afflicted are now dead. Plaintiffs argue that the government and health ministry did not act quickly enough after international organizations issued warnings in 1972 that asbestos could be a carcinogen.

Plaintiffs also place blame with the Ministry of Economy, Trade and Industry for sanctioning the use of asbestos under Japanese Industrial Standards, and with the Ministry of Land, Infrastructure and Transport for approving the use of materials comprised of asbestos and other substances under Japan’s Building Standards Law.

“We will do our utmost until we win the suit,” said Kazuo Miyajima, 78, who heads the group of plaintiffs. Lawyers for the plaintiffs released a statement saying: “We seek complete relief for the victims by clarifying the liability of the state and the manufacturers.”

Approximately 40 construction workers from Kanagawa Prefecture plan to file a similar lawsuit in June in Yokohama District Court.

After a 2005 revelation that residents who lived near a factory in Amagasaki, Hyogo Prefecture developed diseases related to asbestos, the government implemented a law in 2006 which provides monetary assistance to asbestos victims and relatives of deceased family members. The plaintiffs argue that the amount of financial assistance given to families and victims of asbestos-related diseases is not sufficient.

Asbestos has been used in Japan as a fire retardant, for sound absorption, and for insulation. It was mixed in concrete and water and sprayed on walls and ceilings, but the practice of spraying asbestos in this manner was banned in Japan in 1975.

Thursday, January 4, 2007

Canadian PM Stephen Harper has shuffled his cabinet today.

The major change with this shuffle is Rona Ambrose, Minister of Environment, being replaced by Treasury Board President John Baird. When a reporter asked her earlier if she would be replaced she replied, “Yes — very excited.” Ambrose is the new intergovernmental affairs minister.

Vic Toews, the justice minister, is now President of the Treasury Board. Rob Nicholson, who was house leader, is now justice minister. Peter Van Loan, who was intergovernmental affairs minister, is now house leader. Monte Solberg, the immigration minister, replaces Diane Finley as Minister of Human Resources and Social Development. Diane Finley, loses the Human Resources portfolio and gets the Citizenship and Immigration ministry.

Six MPs were appointed “Secretary of State” roles, they are junior cabinet ministers. Secretary of States do not make part of the cabinet. These new Secretary of States are :

• Helena Guergis, MP for Simcoe—Grey, Secretary of State (Foreign Affairs and International Trade) (Sport);
• Jay Hill, MP for Prince George—Peace River, Secretary of State and Chief Government Whip.
• Jason Kenney, MP for Calgary Southeast, Secretary of State (Multiculturalism and Canadian Identity);
• Christian Paradis MP for Mégantic—L’Érable, Secretary of State (Agriculture) and
• Gerry Ritz, MP for Battlefords—Lloydminster, Secretary of State (Small Business and Tourism);

Marjory LeBreton who was the Leader of the Government in the Senate now also has the role of Secretary of State (Seniors).

The new cabinet still will consist of 27 ministers, 32 if you include the Secretaries.

A complete list of the new Ministers and Secretary of States is found at the Official office of the prime minister website.

Tuesday, April 27, 2010

Dale Ogden, a 2010 California gubernatorial candidate, talks with Wikinews reporter Mike Morales about his platform.

Ogden is a member of the United States’ Libertarian Party.

Saturday, August 24, 2013

A transgender woman attacked in Harlem, New York last week died on Thursday after being declared brain dead and taken off life support. Police are treating the death of Islan Nettles, 21, as a hate crime.

Nettles was walking with transgender friends early on August 17 when they met a group of men opposite a local police building. Police say a fight ensued after the men discovered the group was transgender and local man Paris Wilson, 20, was arrested at the scene.

Wilson was charged by prosecutors in Manhattan with assault and harassment. Prosecutors say more serious charges could be brought after police received allegations homophobic language was used, with a hate crimes team now investigating. The death has been ruled a homicide and a spokeswoman for the New York City medical examiner’s office said Nettles was killed by “blunt impact head injuries”.

The criminal complaint Wilson presently faces says a police officer found Nettles “unconscious on the ground with a swollen shut eye and blood on her face”. Wilson is accused of punching Nettles to the ground and then repeatedly hitting her while she lay there.

Nettles was interested in a fashion career, working as an intern for local fashion firm Ay’Medici. “Fashion became a definite decision for my life after my first show with my hand designed garments in highschool”, she wrote on LinkedIn, where she described herself as “anti-violence”. She has previously instructed fashion at Harlem Children’s Zone, undertaking studies at New York College of Technology and the Bread and Roses Integrated Arts High School.

Her mother, Dolores Nettles, told press Nettles and her friends were subject to transphobic insults. “They were called faggots, they were called he-shes, she-males, things of that nature,” she said.

Daniel L. Squadron of the New York State Senate said yesterday in a statement “Islan was 21 years old — 21 years old. And her life and future were stolen from her. Let’s be clear: intolerance, discrimination and hate have no place in New York or anywhere.” He called for the passage of a related bill he supports, the Gender Expression Non-Discrimination Act.

Wilson is presently free on bail, with a court hearing scheduled for October 4.

Thursday, May 13, 2010

Wikinews reporter Iain Macdonald has performed an interview with Dr Isabella Margara, a London-based member of the Communist Party of Greece (KKE). In the interview Margara sets out the communist response to current events in Greece as well as discussing the viability of a communist economy for the nation. She also hit back at Petros Tzomakas, a member of another Greek far-left party which criticised KKE in a previous interview.

The interview comes amid tensions in cash-strapped Greece, where the government is introducing controversial austerity measures to try to ease the nation’s debt-problem. An international rescue package has been prepared by European Union member states and the International Monetary Fund – should Greece require a bailout; protests have been held against government attempts to manage the economic situation.