Thursday, March 17, 2005

A letter and motion to be debated by Italian Parliament this week calls for action to address speculative bubbles and potential future financial crashes in the global economy. The motion asks for a global summit similar to the 1944 Bretton Woods United Nations Monetary and Financial Conference, which gave us the IMF and World Bank.

The letter raises questions about the sustainability of current financial trends, based on the highly speculative nature of today’s markets. For example, according to the letter, “It is estimated that the entire financial bubble, counting all financial derivatives and all other forms of existing debt, is equal to about $400 trillion, compared to a worldwide GDP of slightly more than $40 trillion”.

Last years collapse of Italian dairy company Parmalat, with “14.3 billion euros that must still be accounted for”, is given as evidence for “a lack of effective tools and controls regarding financial operations”. Enron, which famously collapsed in November 2001 revealing faudulent accounting practices from previously respected accounting firm Arthur Andersen, is given as another example.

Oddly, the largest collapse on record, that of WorldCom, is not mentioned, though the set of examples is not purported to be exhaustive. A number of other crashes are mentioned: the LTCM fund, Argentine bonds, Cirio, and Finmatica.

The motion, linked to supporters of the Lyndon LaRouche movement, is signed by Parliamentarians Lettieri, Soro, Delbono, Tolotti, Widmann, Villani Miglietta, Rosato, Albertini, Morgando, Diana, Luigi Pepe, Damiani, Ostillio, De Brasi, Maccanico, Carbonella, Paola Mariani, Grandi, Pistone, Giovanni Bianchi, Giacco, Benvenuto, Piscitello, Camo, Realacci, Squeglia, Rocchi, Iannuzzi, Intini, Meduri, Santino Adamo Loddo, Boccia, Villari, Chianale, Siniscalchi, Sandi, Cusumano, Cennamo, Annunziata, Rotundo, Bonito, Buemi, Pennacchi, Fanfani, Tarantino, Rodeghiero, Angioni, Detomas, and Nesi.

Debate was scheduled for March 14-18.

Sunday, May 18, 2014

The governor of the Bank of England, Mark Carney, has warned that the state of the housing market in the United Kingdom is the current biggest domestic threat to the country’s economy, due to lack of house building, and regulatory issues.

In an interview to be aired on Sky News today, he said the housing market is the “biggest risk” to the economy and has “deep, deep structural problems”. Of house building he said: “There are not sufficient houses built in the UK. To go back to Canada, there are half as many people in Canada as in the UK, twice as many houses are built every year in Canada as in the UK and we can’t influence that.”

“We’re not going to build a single house at the Bank of England. We can’t influence that. What we can influence […] is whether the banks are strong enough. Do they have enough capital against risk in the housing market?”

Carney also said the Bank of England would look into the procedures used to issue loans and mortgages to see if they were being granted appropriately: “We’d be concerned if there was a rapid increase in high loan-to-value mortgages across the banks. We’ve seen that creeping up and it’s something we’re watching closely.”

Kris Hopkins responded to Carney on behalf of the government, saying the government “inherited a broken housing market, but our efforts to fix it are working”. “We’ve scrapped the failed top-down planning system, built over 170,000 affordable homes and released more surplus brownfield sites for new housing. We’ve also helped homebuyers get on the housing ladder, because if people can buy homes builders will build them. Housebuilding is now at its highest level since 2007 and climbing. Last year councils gave permission for almost 200,000 new homes under the locally-led planning system and more than 1,000 communities have swiftly taken up neighbourhood planning. It’s clear evidence the government’s long-term economic plan is working.”

Earlier this month, the Organisation for Economic Co-operation and Development called on the UK government to “tighten” access to the ‘Help to Buy’ scheme introduced by George Osborne and the coalition government in 2013. ‘Help to Buy’ has also recently been criticised by three former Chancellors of the Exchequer — the Conservatives Norman Lamont and Nigel Lawson, and former Labour Chancellor Alistair Darling. Darling said: “Unless supply can be increased substantially, we will exacerbate that situation with schemes like Help to Buy.”

Saturday, February 26, 2011

The Space Shuttle Discovery, flying the STS-133 mission, has successfully rendezvoused and docked with the International Space Station (ISS) today at 18:14 UTC for what is scheduled to be the final time in its career.

Discovery is delivering six astronauts to the orbiting outpost, as well as station parts and supplies including the Permanent Multipurpose Module Leonardo, the ExPRESS Logistics Carrier-4 and Robonaut2, the first dexterous humanoid robot in space.

The docking, Discovery’s 13th and final scheduled docking, occurred two minutes ahead of schedule, having been originally scheduled for 19:16 GMT today.

The hatch between the space shuttle and the ISS was opened at 20:16 UTC, after which the crew members of Expedition 26 welcomed the crew of STS-133 aboard the station. The crew then participated in a safety briefing with Expedition 26 commander Scott Kelly, while Shuttle Flight Director Bryan Lunney took part in a mission status briefing on the ground which began at 20:50 UTC.

Later on today, crew members Nicole Stott and Michael Barratt are scheduled to move the ExPRESS Logistics Carrier-4 from the payload bay using the shuttle’s robotic arm to the station’s own robot arm for placement on the exterior of the orbital laboratory.

There was a delay in the docking mechanism’s ability to make a seal between the two spacecraft during docking operations, so activities occurring later on in the day, including the transfer of ELC-4, may be delayed. This was primarily because of a mis-alignment between the docking systems of the shuttle and station due to gravitational effects. The entire delay took up approximately 40 minutes.

During Discovery’s approach to the station earlier on today, the crew of Expedition 26 took pictures of the shuttle’s underside from the station’s windows in order to assist in analysis of the heat shield of the spacecraft.

NASA officials are debating whether or not to extend the mission an additional day for a photo shoot of the International Space Station, as it is currently host to six docked spacecraft from the United States, Russia, Europe, and Japan. A decision regarding this possibility is expected on Tuesday.

STS-133 is Space Shuttle Discovery’s 39th and final scheduled mission into space and the program’s 35th mission to the ISS, as well as the 133rd in the entire Shuttle Program. There are two flights remaining before the retirement of the fleet that are still in planning: STS-134 and STS-135.

Thursday, November 8, 2007

India is the latest of the countries where the One Laptop Per Child (OLPC) experiment has started. Children from the village of Khairat were given the opportunity to learn how to use the XO laptop. During the last year XO was distributed to children from Arahuay in Peru, Ban Samkha in Thailand, Cardal in Uruguay and Galadima in Nigeria. The OLPC team are, in their reports on the startup of the trials, delighted with how the laptop has improved access to information and ability to carry out educational activities. Thailand’s The Nation has praised the project, describing the children as “enthusiastic” and keen to attend school with their laptops.

Recent good news for the project sees Uruguay having ordered 100,000 of the machines which are to be given to children aged six to twelve. Should all go according to plan a further 300,000 machines will be purchased by 2009 to give one to every child in the country. As the first to order, Uruguay chose the OLPC XO laptop over its rival from Intel, the Classmate PC. In parallel with the delivery of the laptops network connectivity will be provided to schools involved in the project.

The remainder of this article is based on Carla G. Munroy’s Khairat Chronicle, which is available from the OLPC Wiki. Additional sources are listed at the end.

Saturday, June 20, 2015

As of today, as many as 84 people are reported dead since Wednesday after drinking toxic homemade alcohol sold in a slum in Malad in northern Mumbai. More than twenty others are reported admitted to hospital for alcohol poisoning.

Police said five people have been arrested for the transport and sale of the alcohol with three men ages 30 to 50 taken into police custody on Thursday night, and eight police suspended for failing to prevent the incident.

An investigation has been ordered by Devendra Fadnavis, the present chief minister of Maharashtra state.

Illicit alcohol is commonly sold in India usually in the poorer, more rural areas of the country and deaths from alcohol poisoning are not uncommon. However, this is the largest rash of deaths in Mumbai since the Vikhroli hooch tragedy of 2004 where more than 100 people died due to low-cost alcohol.

Tuesday, June 27, 2006

The New Zealand government officials have announced that it will give NZ$160,000 in aid to help farmers who were affected by the huge amounts of snow in Canterbury, New Zealand two weeks ago.

The aid package will provide four regional offices for co-ordination, food supplies and ongoing support.

The Federated Farmers for mid Canterbury say that the aid will be a start to what looks like a tough winter. President of the mid Canterbury Federated Farmers Rupert Curd says, “It is too early to say exactly how much help the relief package will provide.”

The snow has not yet reached a crisis point.

The Insurance Council has estimated the cost of the snow storm has reached $35 million so far. Chief Executive of the Insurance Council says, “There has been damage to homes, commercial premises both on farms and in town and vehicles. Businesspeople who have been without power are also claiming for loss of income.”

The Minister of Agriculture Jim Anderton has said that they are not ruling out giving further aid.

Sunday, January 15, 2017

In research released on Thursday in Cell, scientists from Yale University report they managed to trigger instinctive hunting behavior in mice using optogenetics, a manner of priming cells within an organism’s brain to switch on when exposed to a laser.

The research team used an engineered virus to target and alter specific sets of neurons. Then they fitted the mice with intracranial optical fibers so they could expose their brains to blue light at will. The system excited two different sets of neurons, both located in the amygdala, which is the part of the brain associated with emotion and aggression. One set stimulated prey pursuit behavior, such as stalking, and the other stimulated the animal to use its jaw and neck muscles. When exposed to the laser, the primed mice would first stalk and then pounce on and bite any object in their enclosure, even objects without any food scent or prey value, like sticks and bottle caps.

“We’d turn the laser on and they’d jump on an object, hold it with their paws and intensively bite it as if they were trying to capture and kill it,” says lead investigator and Yale Associated Professor of Psychiatry Ivan de Araujo. The mice behaved normally at all other times.

The work was inspired by Araujo’s desire to study natural feeding behavior, as opposed to animals passively munching on food pellets. The study covered many parts of the brain already known to be associated with feeding, and the results suggested some areas are associated with both hunting and feeding and others only with just one behavior. Stimulation of the periaqueductal gray (PAG) portion of the brain controlled stalking and stimulation of the reticular formation controlled biting. The researchers say this shows the amygdala is likely to control hunting and biting behavior across many or all jawed vertebrates. The experiments were funded by national research organizations in the United States and China and the government of Brazil.

The findings inspired comparisons by the research team and the press to zombies from The Walking Dead, especially since the behavior was more pronounced when the animals were hungry. Researchers noted the subjects did not attack any of the other mice. The scientists say this shows they were stimulating predatory behavior specifically and not making the animals generally more angry or aggressive.

However, the study did not state whether the laser resembled the light of a full moon.

Monday, December 21, 2009

A man has been killed after a car accident in Cornwall, England. The collision involved a vehicle driving off a quay in Porthleven, near the town of Helston in the county and into the sea at around 2100 Greenwich Mean Time on Friday, according to reports from members of the public made to the police and the coastguard.

A major rescue operation was launched with contributions from the harbourmaster, the ambulance service, the police, the fire crews, a helicopter and the Royal National Lifeboat Institution. After roughly two hours, a harbour crane lifted the vehicle out of the water that it had crashed into. It transpired that the man was the only occupant of the vehicle. It is believed that no other vehicles were involved in the incident. The man was taken to the Royal Cornwall Hospital, which is situated in Truro, by ambulance. However, on arrival, he was pronounced dead.

Now tributes are being paid to 20-year-old Jamie Hocking after his death. The family of the man have said that he will be “truly missed by all who knew him”, describing Jamie with the words “loveable rogue”. The family also expressed their thanks to people offering sympathy messages and support from others, as well as the emergency services who assisted at the scene of the accident. Devon and Cornwall Constabulary are now asking any people who know of any information relating to the incident to contact them as soon as possible.