U.S. Senator Larry Craig to resign

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U.S. Senator Larry Craig to resign

By | November 15, 2019

Friday, August 31, 2007

United States Senator Larry Craig (R-ID) is announcing on September 1 that he will resign his post, effective September 30. Craig was involved in a scandal where he allegedly propositioned another man for sex in a bathroom at a Minneapolis airport. Craig has previously claimed he was “in the bathroom for its intended purpose.” The senator said in a news conference that “I am not gay. I have never have been gay,” and that he “pleaded guilty to a lesser charge in the hopes that it would go away.” This comes just before the Republican National Convention would have called on Craig to resign.

Further developments to this story are available. See:
Republican leaders accused of double standard after Larry Craig’s resignation

Global markets plunge

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Global markets plunge

By |

Friday, October 10, 2008

Stock markets across the world have fallen sharply with several seeing the biggest drop in their history.

Asian markets saw the biggest sell-off. The Nikkei dropped 9.62% to reach a 20 year low. Japan also saw a collapse of a mid-size insurance company, Yamato Life Insurance Company, which declared bankruptcy. The Hang Seng, which was one of the few markets that was positive yesterday, fell 7.19%. Australia dropped by 8.4% and South Korea saw a 9% fall.

In Europe, markets dropped at the open with the FTSE losing 11%. They have recovered only sightly with all European markets losing more than 5%. The European sell off was more about the Asian lows then any specific news. European banks and financial institutes saw the most selling. Also, oil related companies saw large drops as an result of an expected decrease in oil consumption.

The U.S. markets opened lower with the Dow Jones Industrial Average falling below 8,000, before recovering slightly. President George W. Bush made an address on the economy and said markets were being “driven by uncertainty and fear.”

Oil has seen losses of more than US$6 in trading with the current price of a barrel of oil less than $80. This is a year low for oil. News also came out that OPEC will hold an emergency meeting on November 18 to discuss the falling price of oil.

Charities, such as Cats Protection, today said that they have lost much of their funds in collapsing banks. Cats Protection had a total of £11.2 million saved in the now-collapsed Kaupthing bank.

The British National Council for Voluntary Organisations said that 60 of its 6,500 have lost money due to the collapse of banks.

Contents

  • 1 Stock markets
    • 1.1 Dow Jones Industrial Average
    • 1.2 FTSE 100
    • 1.3 Nikkei 225
  • 2 International reaction
    • 2.1 George W. Bush
    • 2.2 Gordon Brown
    • 2.3 Jim Flaherty
  • 3 Market data
  • 4 Sources

The Dow Jones Industrial Average fell to its lowest level in five years at 8,579.19, falling 679 points in one day. This, at 7.3%, is the eleventh largest percentage fall in the history of the index. The growth then continued, with the index being up over 150 points on the start of the day at one point.

The index, did however, recover, and as of 19:30 UTC was up 17.68 points, or 0.21%, pushing the index up to almost 8600.

Peter Cardillo, chief market economist at Avalon Partners, commented on these massive falls. “What we’ve seen here was one big margin call that just kept feeding on itself, so the opposite could happen. But you need a catalyst,” he said. “I’m more convinced now than ever that this market has made a bottom. The capitulation came when we breached 8,000,” he continued. “It doesn’t mean we can’t go back and revisit that level.”

The UK’s FTSE 100 index fell dramatically to close below 4000, in the index’s worst week in history. This is despite the fact that just a few days ago the index was above 5000, and the index peaked above 5500 in September.The FTSE 100 index has fallen by 41% this year.

Barclays Wealth analyst Henk Potts commented on this massive fall. “We are drowning in a sea of red numbers,” he claimed. “Investors are concerned about the exacerbation of the credit crunch and the gloomy forecasts for economic growth. The reality is that most investors have been spooked by the sheer pressure that the credit crunch is putting on the global economy.”

The Japanese Nikkei 225 has recorded it’s third biggest drop in history with a massive sell-off in the exchange that has resulted in USD 250 billion being knocked of the index’s value.

Toyota, which is the second largest carmaker in the world, fell by the largest amount in 21 years, while Elpida Memory, the world’s largest manufacturer of computer memory, dropped in value to a record low.

Masafumi Oshiden, a fund manager in Toyota commented on the drop.”It’s capitulation,” he said. “There are lots of forced sellers. If you’re a fund that’s going bust you need to close out all your positions.”

George W. Bush commented on the financial situation earlier today. “Over the past few days, we have witnessed a startling drop in the stock market — much of it driven by uncertainty and fear,” he said. “This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns about their retirement accounts, their investments, and their economic well-being.”

Bush then continued by promoting the government’s plan’s to get through the crises. “Here’s what the American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets. We are a prosperous nation with immense resources and a wide range of tools at our disposal. We’re using these tools aggressively.”

Gordon Brown, the UK Prime Minister, also spoke on the economy. “I think we quickly realised that we cannot solve the problems we have got as a result of the sub-prime market collapse simply by improving liquidity,” he said speaking in Birmingham to business leaders earlier today. “That would simply not be enough to deal with the bigger problem of rebuilding the banking system for the future and restoring trust is a fundamental element of that.”

Jim Flaherty, the Canadian minister for finance, also commented today on the recent incidents in the economy. “It is important to underline that Canada’s banks and other financial institutions are sound, well capitalized and less leveraged than their international peers,” he claimed. “Our mortgage system is sound. Canadian households have smaller mortgages relative both to the value of their homes and to their disposable incomes than in the U.S.”

“”However, it is becoming increasingly clear that the continuing disruption of global credit markets, which has been severe and protracted, is making it difficult for our financial institutions to raise long-term funding. This is beginning to affect the availability of mortgage loans and other types of credit in Canada,” he continued. “The Government has therefore decided to act to address the current scarcity of private sector lending to Canadian mortgage markets and lending markets overall. This is going to make loans and mortgages more available and more affordable for ordinary Canadians and businesses.”

20:15, 10 October, 2008 (UTC)
  • DJIA
  • 8.451,19 128,00 1,49%
  • Nasdaq
  • 1.649,51 4,39 0.27%
  • S&P 500
  • 899,22 10,70 1,18%
  • S&P TSX
  • 9.264,57 335,61 3.50%
  • IPC
  • 19.952,30 357,87 1,76%
  • Merval
  • 1.215,990 71.340 5,54%
  • Bovespa
  • 35.615,26 1,474.03 3,97%
  • FTSE 100
  • 3.932,06 381,74 8,85%
  • DAX
  • 4.544,31 342,69 7,01%
  • CAC 40
  • 3.176,49 266,21 7,73%
  • SMI
  • 5.347,22 451,62 7,79%
  • AEX
  • 258,05 23,92 8,48%
  • BEL20
  • 2.123,44 117,44 5,24%
  • MIBTel
  • 15.438,00 1,081,00 6,54%
  • IBEX 35
  • 8.997,70 905,20 9,14%
  • All Ordinaries
  • 3.939,50 351,80 8,20%
  • Nikkei
  • 8.276,43 881,06 9,62%
  • Hang Seng
  • 14.796,90 1,146,37 7,19%
  • SSE Composite
  • 2.000,57 74,01 3,57%

    Wikinews interviews Frugalware Linux founder

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    Wikinews interviews Frugalware Linux founder

    By |

    Thursday, April 6, 2006

    The Frugalware Development Team describes ­­Frugalware as a general purpose Linux distribution, designed for intermediate users who are not afraid of text mode. Frugalware also plans to offer a live CD with desktop options, to be developed by one of its teams. A live CD enables running the Linux software on most compatible Intel and AMD chipset architectures, without having to partition a drive.

    A freelance journalist writing for Wikinews interviewed the founder of Frugalware Linux, Miklós Vajna.

    Wikinews: Frugalware is a slack distribution at present. Are there plans for developing binary package management platforms of it?

    Miklós Vajna: Our package manager is called pacman, and its primary purpose is to install binary packages. If you want to install packages from source, you can use our “repoman” tool.

    Wikinews: What are your visions for the future of Frugalware, do you plan to globally distribute it as a product, and would you consider allowing a major corporation to sponsor your efforts?

    Miklós Vajna: The second. Frugalware is free, but maintaining it needs hardware, mirrors, money. We got several donations already (build servers), and we continuously need them. If a corporation want to sponsor us, I think that is totally O.K. 🙂

    Wikinews: What is Arch Linux in relationship to your project? And how do their efforts fit into your game plan?

    Miklós Vajna: The common [thing] in Arch Linux and Frugalware is the package manager. (To be strict: nothing else.) Developing our package manager is a common effort. If anyone [is] interested in its development, he/she can subscribe to the pacman development mailing list.

    Wikinews: I’ve successfully installed Frugalware, OpenSUSE, and WinXP on the same box. Do you see a lot of people doing this sort of thing in the future?

    Miklós Vajna: We support having more than one operating system on a single machine — though this matters only in case Frugalware is the last installed operating system. We do not have any statistics about what operating systems do other people use besides Frugalware, if they have more than one.

    Wikinews: Is it possible that PearPC and Frugalware may have a relationship to distribute the PearPC Emulator with Frugalware in the future?

    Miklós Vajna: It is already available [1].

    Wikinews: What kinds of software might you include with further editions of Frugalware? Is Muse part of the base package for electronic musicians, or will you have those sorts of things?

    Miklós Vajna: No [2]. It is not available at the moment. You can request a package by filing a feature request to our Bug Tracking System, at [3].

    Wikinews: Is the autoupdating feature of Frugalware unique to Frugalware and perhaps a keystone to future developments?

    Miklós Vajna: I have never tried other autoupdating features. What one can see is that upgrading even from the previous stable release — which means installing 6 months of update at once — requires only a few tricks, and these are documented. So it works as it should, and we always pay attention not to break this great feature.

    Wikinews: What can new users of Frugalware do to test and relay infotmation back to the developers through the correct channels?

    Miklós Vajna: We have released stable versions two times a year. There are testing releases every two months. If one would like to help us, then download these releases, test them, and if something is broken, then file a bug report to the BTS (mentioned above already).

    Frugalware has new X Windows video drivers that provide a major speed improvement over available patches for previous editions of Linux. Alex Smith has been working on them as a developer.

    In addition, the PearPC emulator mentioned above, which comes with the package manager, may, with proper tuning and installation of a legal copy of Mac OSX, enable many Intel and AMD Frugalware users to use the Apple OS on their desktops. Alex Smith is also a contact person for the PearPC project, which can also be found in irc://irc.freenode.net and at http://www.pearpc.net.

    The official release time of the latest edition frugalware-0.4 was Mar 30 07:42:21. The developers can be reached for comment through IRC at #frugalware in the irc.freenode.net network.

    Do You Need A Panic Room In Your Home?

    By | November 9, 2019

    By Ralph Winn

    You have a safe to store your valuables, so why not have a safe to store your most precious possession of all: your life?

    Escape to a Panic Room

    A panic room, a room in your house that is outfitted with reinforced walls and insulation and features sturdy metal doors that lock tight, acts as a vault for people. Inside, you can keep comfort and survival items like cots, canned goods, water, a cell phone, and a radio.

    Keeping Safe

    Arizona couple Ed and Patti Warner feel safe in their 3 million dollar, 10,000 square foot secluded home because they have a 4 foot by 6 foot fireproof panic room tucked under their staircase. ‘If you go in there and shut the door, nobody can get to you – nobody. You could take your cell phone and call the police – it would be safer than running outside,” says Patti.

    Think it sounds a little paranoid? Not to the millions of American families who are building additions or retrofitting their homes to include a panic room. The price of safety and peace of mind can range from around $3,000 to over $1 million. But no matter the price, the purpose of the panic room is the same: to protect you in an emergency.

    The idea of a panic room became more popular nationwide after the terror of 9/11 and the release of the Jodie Foster movie Panic Room, in which Foster and her character’s daughter are sequestered in their home’s panic room when their house is invaded. The idea of a safe haven in the home took off with worried Americans who feel more and more threatened in this modern society.

    YouTube Preview Image

    ‘Business spiked a little way up after Sept. 11, and it’s mellowing out a little now, but this is an industry where demand goes up every year,’ says Bill Rigdon, vice president of construction for Los Angeles’ Building Consensus, which designs and builds panic rooms for wealthy clients ranging from movie stars to CEOs. ‘Since 1995, there’s really been an uprising for these rooms – people don’t even feel safe in their own homes.”

    When Do You Use a Panic Room?

    There are multiple scenarios in which a panic room can save lives.

    Home Invasion: If intruders invade your home, you can immediately retreat to the panic room and remain out of harm’s way until the police arrive.

    Hurricane: A panic room’s reinforced walls make it the room in your house most likely to survive a major storm. As long as your home is not threatened by the deadly storm surge, you can ride out a hurricane in your panic room until it clears.

    Tornado: Hurricanes are predictable and you have plenty of time to prepare, but tornados put the ‘panic’ in the term ‘panic room.’ In the event of a tornado, you may have only seconds to seek shelter, and an easily accessible panic room at the center of your home could literally save your life. You can stay safe there until danger passes. The rest of your house may crumble, but a panic room is designed specifically to withstand disaster.

    Yesterday’s Fallout Shelters

    Today’s panic rooms are yesterday’s fallout shelters. Both reflect the fears of their time: nuclear war and modern terrorism in all its forms. But today’s panic rooms are a little more high tech than their cousins of yesteryear.

    Available Features of a Panic Room

    Dummy electrical wires (So the intruder thinks he’s cutting the power, but he’s not.)

    Steel-reinforced walls that deflect armor-piercing bullets.

    External ventilation systems.

    A separate phone line.

    Bathroom facilities.

    Security cameras.

    Shielding from nuclear rays.

    A panic room can be anything you dream it to be. It can be as complex as a multi-room bunker or something as simple as an extra-sturdy walk-in closet stocked with a few days’ survival supplies. All panic rooms offer the same basic benefit: safety and peace of mind in an emergency situation. Everyone wants to know they have a place where they can be safe. Do you?

    ‘People are transformed when they go into one of these rooms or areas,’ says Al V. Corbi, president of The Designer, which designs high-end residences. ‘It’s like you can see them exhale for the first time in years. We’re always on our guard, even driving to work. A safe core is the only place where you can really let down your guard.’

    About the Author: Ralph Winn writes about

    Home Security

    and other related topics. For more information on

    Home Security

    Source:

    isnare.com

    Permanent Link:

    isnare.com/?aid=155744&ca=Home+Management