Wednesday, September 17, 2008

The Federal Reserve took over American International Group (AIG) on Tuesday in an US$85 billion loan, in exchange for a 79.9% stake in the company.

A press release issued Tuesday stated that “the Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance.”

The deal allows AIG to draw up to US$85 billion in loans over the next 24 months to shore up the orderly sale of various divisions of the company without further interruption to the economy. In exchange, the Federal Reserve will have a 79.9% equity stake, primarily in the form of equity participation notes. The loan carries an interest rate of LIBOR plus 850 points. Should AIG fail, the loan is covered completely by company assets. Should AIG recover however, taxpayers could potentially recover large profits.

This news comes on the heels of the Federal Reserve refusing to bail out Lehman Brothers, forcing the company to file for bankruptcy on Monday after Bank of America(BoA) and Barclays PLC pulled out of negotiations over the weekend. The fact that AIG has thousands of divisions engaged in business across the globe sets them apart from the recent problems with other banks. AIG was built up over the last several years via the buyouts and mergers of many companies around the world, offering AIG’s stockholders a diverse base of income which allowed it to steadily increase profits.

It is this interconnectedness that had the Federal Reserve worried. Should AIG collapse, it could set off a global chain reaction in multiple markets. In an interview with the New York Times, former Treasury official Roger Altman said, “It’s the interconnectedness and the fear of the unknown. The prospect of the world’s largest insurer failing, together with the interconnectedness and the uncertainty about the collateral damage — that’s why it’s scaring people so much.”

While AIG, like many other banks, found itself embroiled in the middle of the sub-mortgage lending crisis, AIG has also been struggling to deal with controversies in other complex financial instruments such as credit default swaps. These markets have been exploding for several years, but due to lack of regulation by the government, recent reversals have seen AIG’s stock value tumble by over 90 percent in the last year.

Saturday, September 7, 2019

Adam Kokesh, an Iraq War veteran, activist, radio show host, and currently a candidate for the US Libertarian Party’s 2020 presidential nomination, spoke with Wikinews to discuss his background, political positions, and campaign for President of the United States.

Kokesh, who hails from Arizona, has been active in the anti-war movement since returning home from combat in Iraq. After an initial honorary discharge from active duty with the US Marine Corp in 2006, Kokesh was given a general discharge from the Marine Forces Reserve in 2007 after images of him wearing his uniform while participating in a protest with the Iraq Veterans Against the War were published in The Washington Post. Kokesh has also been involved in demonstrations in support of free speech, gun rights, and marijuana decriminalization. Some of these activities have resulted in his arrest. Kokesh previously hosted a show on RT and currently hosts a show on internet radio.

Politically, Kokesh supported the 2008 and 2012 presidential campaigns of Ron Paul. He was a featured speaker at Paul’s Rally for the Republic in 2008. Kokesh ran for US Congress as a Republican in 2010 in New Mexico and for US Senate in Arizona in 2018. He announced his 2020 candidacy in 2013 during a jailhouse interview. He has based his campaign on the pledge to begin “dissolving the federal government in a peaceful, orderly manner” and to resign as president and take the title of “Custodian of the Federal Government.”

Other contenders for the Libertarian Party’s 2020 presidential nomination include former Libertarian Party Vice Chairman Arvin Vohra, businessman John McAfee, and New Hampshire state representative Max Abramson. Congressman Justin Amash and former Rhode Island governor and US Senator Lincoln Chafee are both reportedly considering runs. Former New York gubernatorial candidate Larry Sharpe and former Massachusetts governor William Weld were both previously considered potential candidates but Sharpe suggested he would not run and Weld has decided to run in the 2020 Republican Party presidential primaries, challenging President Donald Trump.

With accredited Wikinews reporter William S. Saturn, Kokesh details his background and activism, his thoughts on the Libertarian Party, the Presidency of Donald Trump, and the goals for his campaign and presidency.

Thursday, August 4, 2005

Seoul National University’s Hwang Woo-Suk has reported his findings in the Journal Nature after being involved in producing the first cloned dog.

The dog, named Snuppy, was born on April 24. He is an Afghan hound. The issue presents a whole host of ethical questions for researchers in the stem cell field.

Companies like Amgen are interested in the technology, as is accounted in Fortune Magazine for making human-safe pharmaceuticals. The business sector relies on technology improvements to make life saving realities.

The Los Angeles Times has reported that Snuppy came from the DNA of the tissue of the ear of the original canine.

According to ABC News Associated Press reporter JI-SOO KIM, Korea has declared that we are still a long way from creating clones of monkeys, which have a great deal more human-like traits.

Slashdot actually reported an RSS feed yesterday at 4:15 p.m. regarding the BBC and Reuters News articles which told of the two successful terms of gestation for Snuppy. “the South Korean team only obtained three pregnancies from more than 1,000 embryo transfers into 123 recipients.” (BBC).

Kennel experts, according to the BBC, agree that there will be many moral issues to contend with, especially among pet lovers.

Thursday, July 7, 2005

A Florida man is being charged with 3rd degree felony for logging into a private Wi-Fi (Wireless Fidelity) Internet access point without permission. Benjamin Smith III, 41, is set for a pre-trial hearing this month in the first case of its kind in the United States.

This kind of activity occurs frequently, but often goes undetected by the owners of these wireless access points (WAPs). Unauthorized users range from casual Web browsers, to users sending e-mails, to users involved in pornography or even illegal endeavours.

According to Richard Dinon, owner of the WAP Smith allegedly broke into, Smith was using a laptop in an automobile while parked outside Dinon’s residence.

There are many steps an owner of one of these access points can take to secure them from outside users. Dinon reportedly knew how to take these steps, but had not bothered because his “neighbors are older.”

Friday, May 28, 2010

A man accused of being a serial killer has appeared in Bradford magistrates court in West Yorkshire today charged with three counts of murder. 40-year-old Stephen Griffiths is accused of killing Suzanne Blamires, 36, Susan Rushworth, 43, and Shelley Armitage, 31, all prostitutes.

Griffiths, a former van driver with a degree in psychology and studying for a PhD in criminology, gave his name as “Crossbow Cannibal” when asked. He has been in police custody since Monday when police were alerted to a CCTV recording that appeared to show a murder.

A caretaker had been reviewing footage from the flats where Griffiths lives when he saw footage of a woman and a man enter a flat early on Saturday morning. Two minutes later, she ran out and was followed by the man, who beat her to the ground and shot her in the head with a crossbow. Over the course of the weekend, the man was seen several times with bin bags and a rucksack.

On Tuesday, the day after the arrest of Griffiths, Blamires’ remains were found in the River Aire in nearby Shipley. She had been cut into several pieces and her head was located in a rucksack. Police continue to search for the other two alleged victims; Rushworth has been missing since June last year and Armitage vanished in April.

Police have searched much of Bradford’s red-light district, where Griffiths’ third-floor flat is located. Forensic investigations at the flat are expected to last around three weeks. There are plans to search landfill sites for bodies, and police may yet expand the inquiry to cover three more cold cases, although at present they have not been linked to the current inquiry.

Sniffer dogs have been used throughout the city, and police have been taking away plastic evidence bags. Some alleyways remain closed off. Police charged their suspect yesterday.

Griffiths was known as “the lizard man” in his block of flats owing to his habit of walking his two pet monitor lizards in the area. One neighbour is reported to have quoted him as saying he was studying for “a PhD in murder and Jack the Ripper,” and he has spent time in a high-security psychiatric hospital. During his five-minute court appearance he did not enter a plea, kept his head bowed and fidgeted with his cuffed hands. He said “Here, I guess,” when asked for his address.

As he stood in the glass-fronted dock, guarded by three security officers, he was watched by the families of Rushworth and Armitage, who were accompanied by police family liaison officers. Blamires’ family chose not to be present, but the victim’s mother Nicky Blamires, 54, has told the press that Suzanne was a “much-loved” family member even though she “went down the wrong path and did not have the life she was meant to have.” “Nobody deserves this,” she said. “All these girls were human beings and people’s daughters.”

Griffiths’ morning court appearance was followed by a second one this afternoon, at Bradford Crown Court. This time, he confirmed his name without incident. He was remanded into custody until next month, when he will appear in court again.

British media has been quick to compare the case to Peter Sutcliffe, dubbed the “Yorkshire Ripper”. Sutcliffe was a Bradford killer responsible for thirteen murders and seven attempted murders, including several prostitutes. Since his 1981 conviction he has spent most of the last three decades in Broadmoor high-security psychiatric hospital near London.

Friday, June 1, 2018

In Toronto last weekend, North American anime and manga convention Anime North was held. Anime North sprawled across multiple venues, including the Toronto Congress Centre, as a fan-run celebration of Japanese pop culture. The event ran from May 25 to 27. Wikinews’s Nicholas Moreau was in attendance to photograph the event.

Montrealer “Aileen Cosplay” was wearing an outfit of Rapunzel from the Disney animated film Tangled, when Wikinews photographed her.

Wikinews talked with her after the event, learning that she was one of the “Estrada Sisters”, who have been dressing up as pop culture characters for roughly a decade. “Cosplay is something we do together as sisters, as well as with our close friends. It’s a hobby and passion that we all share and have fun with.”

The cosplayer explained that the activity “integrates a wide range of interests for us, from makeup, to sewing, to crafting and prop-making.”

“When deciding on cosplays,” she offers, “we consider how attracted we are to the character as they were written, as well as their aesthetic. We tend to stray towards Disney, as we all share a common passion for the magic that it brings to its audience, and we love having the opportunity to bring that magic to life every time we put on a costume.”

Binrand Cosplay tells Wikinews that for her, cosplay “is a huge creative outlet whether that’s sewing, crafting, armour building, styling wigs, new makeup challenges etc. I love that it gives me creative freedom and that the end result I can share with hundreds of people that have a love and passion for the same character or series that I am cosplaying from.” The icy effect on Shyvana from League of Legends gave her reason to work with Transpa Art, a product from a company called Worbla.

She noted that the activity also allows her to “meet new friends that are just excited about something” as she is.

She chooses characters she’s become attached to, as her outfit. “Often it’s a combination of similar personality as my own, a character that has gone through similar struggles as myself, I like the look, and that they just plain badass! I also like a challenge. Having been doing cosplay for as long as I have I like to switch things up and learn something new every year.”

• The Cybertronic Spree is a band that dresses like the Transformers.

• Two people as Kurisu from Stein’s Gate, including Justin Bailey Kigurumi

• Luxlocosplay as Lola Bunny

• Silent Snuggs Cosplay and Binrand

• Cici Winn and Neko Nico in kigurumi

• Stuffed toys of Totoro, a popular character.

• A booth promoting Youmacon in Detroit.

• Breathelifeindeeply as Weiss from RWBY.

• Ariel the Little Mermaid

• Transformers

• Celty Sturluson of Durarara!!

• Inspector Gadget

• Queen Amidala and a haidmaiden, Star Wars: The Phantom Menace.

• A cosplayer as Belle from Beauty and the Beast.

• Jack and Sally from The Nightmare Before Christmas by Reiyume Chibi Cosplay

• Tohru of Miss Kobayashi’s Dragon Maid.

• Chibi Bara as Mercy and bobcat.in.a.box as Widowmaker

• “Life sized” model of Lapras, a Pokemon

• “Life sized” model of Rapidash, a Pokemon

• “Life sized” models of Rayquaza and Trapinch, Pokemon characters

• Model Show

• Model Show

Additional cosplay

Sunday, November 23, 2008

A Pembroke Pines, Florida teenager killed himself Wednesday, November 19, while broadcasting on the live video site Justin.tv. After making suicide threats and being encouraged by Justin.tv viewers and Bodybuilding.com forum members, Abraham K. Biggs, 19, committed suicide by taking an overdose of opiates and benzodiazepine, which had been prescribed for his bipolar disorder.

Biggs first began blogging about his planned suicide 12 hours before the actual event. He died after taking pills and lying on the bed in front of the webcam. After the broadcast, viewers who apparently thought it was a hoax posted messages such as “OMG”, “LOL”, and “hahahah”.

Hours later, after being alerted by viewers who had noticed that Biggs had stopped breathing, law enforcement and paramedics arrived, discovered his body, and covered the camera. The Broward County Medical Examiner’s Office has reportedly confirmed Biggs’ death.

According to Montana Miller of the Bowling Green State University, the circumstances of this case were not shocking: “If it’s not recorded or documented, then it doesn’t even seem worthwhile. For today’s generation it might seem, ‘What’s the point of doing it if everyone isn’t going to see it?'”

Biggs’ sister Rosalind was angry that neither the website nor its viewers reacted soon enough to save him. “They got hits, they got viewers, nothing happened for hours,” she said. She described him as “very happy” and “friendly and outgoing.” “On a normal day, you couldn’t really tell that he got as low as he did.” However, he did have relationship problems with his girlfriend, according to a friend.

Mental health professionals have warned about the possibility that other mentally troubled people would copy his actions. According to Dr. David Shaffer of Columbia University, “Any video showing it as heroic or romantic or glamorous could reduce the anxiety people might feel about suicide. It becomes a respectable behavior and lowers the threshold of suicide.” He and other psychiatrists recommend that potentially suicidal teens talk to others and “tell what’s going on.”