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Thursday, March 15, 2018

This morning, United States-based toy retail giant Toys “R” Us filed for liquidation with United States bankruptcy court. The company had about 735 stores in the country which may be closed as a result of the liquidation.

The motion came after the US holidays, after which the company said its revenue fell short of expectations. Toys “R” Us was seeking cooperation with its Canadian business to leave 200 stores open, the court papers said. The company said it would be unable to realize an earlier goal to leave as many as 400 stores open.

The papers filed in the court indicated that the United States holiday sales produced revenue US$250 million short of the expectations. In the report to the court, Toys “R” Us blamed in part its weakened e-commerce business. It wrote, “The stark reality is that the debtors are projected to run out of cash in the U.S. in May 2018.”

Toys “R” Us chief executive officer Dave Brandon said, “This is a profoundly sad day for us as well as the millions of kids and families who we have served for the past 70 years.”

Toys “R” Us said it was preparing to sell its businesses in Asia and Central Europe, including Germany, Austria, and Switzerland.

In September 2017, Toys “R” Us filed for bankruptcy in the US and Canada, and a judge allowed a US$2 billion loan.

Kohlberg Kravis Roberts, Bain Capital Partners, and Vornado Realty Trust purchased Toys “R” Us for US$6.6 billion in 2005. According to CNBC, the company had US$4.9 billion in debt at that time, which made it difficult for the company to adapt to the changing market.

Sunday, September 15, 2019

Yesterday, oil facilities belonging to Saudi Arabia’s state-owned Saudi Aramco were hit by multiple drone strikes in a pre-dawn raid. The attacks triggered major fires at a processing plant and an oil field, which state media said were under control. The Yemen-based Houthi movement claimed responsibility for the attacks.

According to the Saudi Press Agency, the attacks occurred at 4:00 A.M. local time (0100 UTC) and struck the largest processing plant at Abqaiq and the Khurais oil field. The oil field is about 160 km (100 miles) east of the capital, Riyadh. The agency did not mention if there were casualties, but said exports were continuing.

Reuters, citing anonymous sources, reported both production and export of oil had been disrupted. Saudi officials subsequently said 5.7 million barrels of per-day production had been disrupted. This would be nearly half of Saudi Arabia’s entire production and around five percent on a global basis.

Speaking on al-Masirah TV in Yemen, Houthi military spokesperson Yahya Sarea said it had carried out the attack using ten drones. According to him, it was among the largest Houthi operations inside of Saudi Arabia and was accomplished with the help of “honourable people inside the kingdom”.

“These attacks are our right, and we warn the Saudis that our targets will keep expanding”, Saree said. “We have the right to strike back in retaliation to the air strikes and the targeting of our civilians for the last five years.”

US Secretary of State Mike Pompeo posted a message on Twitter blaming Iran for the attacks, saying there was “no evidence the attacks came from Yemen.” BBC’s Jonathan Marcus said questions remain how much direct Iranian assistance is received by the Houthis who are ideologically aligned with Iran.

In 2015, Saudi Arabia started supporting the government of Abdrabbuh Mansur Hadi against the Houthi rebellion, providing airstrikes with the Royal Saudi Air Force. The United Nations called the resulting humanitarian crisis the worst in the world.

In 2006, Abqaiq was the target of an Al-Qaeda suicide attack.

Wednesday, May 31, 2006

Mark Rutte has been elected leader of the Dutch People’s Party for Freedom and Democracy (VVD). In a close internal election, the junior minister for Education beat the minister for Immigration and Integration Rita Verdonk and backbencher Jelleke Veenendaal.

On 31 May 2006, the party’s president Jan van Zanen announced the result, which was broadcast live on Dutch television. He announced that 28,788 people voted in this election, that is 74% of the eligible VVD members. They voted mostly by telephone and via the Internet. Mark Rutte obtained 51.5%, leaving Rita Verdonk second, with 45.5% of the vote. Jelleke Veenendaal obtained 3.0% of the vote.

Mark Rutte is the current junior minister for Education, Culture and Science, with a special responsibility for higher education and science. He was the first to put forth his candidacy and the VVD leadership and the party board backed him. After studying history and leading the VVD youth (JOVD) Rutte became manager for Unilever. In 2002 he became junior minister for Social Affairs and Employment, after a cabinet reshuffle he became junior minister of the ministry for Education, Culture and Science. Rutte is generally perceived to stand on the progressive side within the VVD. He promised “to make the VVD a party for everyone and not just of the elite”. His youthful and charismatic appearance has been likened to the successful leader of the Dutch Labour Party (PvdA) Wouter Bos. It is generally expected that Rutte will stand down as junior minister and return to his seat in parliament.

The elections were called after the 2006 municipal elections. Jozias van Aartsen, who led the VVD until after the elections, stepped down as political leader of the VVD, after his party performed particularly bad in those elections.

Tuesday, April 14, 2020

In February 2017, the Iranian Chess Federation announced two teenage chess players, Dorsa Derakhshani and her younger brother Borna Derakhshani, were banned from representing the national team. The federation announced their decision although Dorsa Derakhshani had previously decided and informed the chess federation she did not wish to play for Iran.

Dorsa Derakhshani is currently 21 years old and holds the International Master (IM) as well as Woman Grand Master (WGM) titles. Her brother, Borna, plays for the English Federation and holds the FIDE Master title.

Dorsa Derakhshani was banned since she did not wear a hijab, an Islamic headscarf, while competing at the Tradewise Gibraltar Chess Festival in January 2017. Under the laws of Islamic Republic of Iran, hijab is a mandatory dress code. Her brother Borna Deraskhsani was banned for playing against Israeli Grand Master (GM) Alexander Huzman at the same tournament. Iran does not recognise the existence of Israel, and previously, Irani athletes have avoided playing against Israeli athletes.

Mehrdad Pahlavanzadeh, the president of the country’s chess federation, explained the decision to ban the players saying, “As a first step, these two will be denied entry to all tournaments taking place in Iran and in the name of Iran, they will no longer be allowed the opportunity to be present on the national team.” ^{((fa))Farsi language: ?????? ????? ?? ??? ??? ?? ??? ????? ?? ?? ???? ???????? ?? ?? ????? ? ?? ??? ????? ?????? ??????? ????? ??????? ? ???? ???? ???? ?? ??? ??? ?? ??????? ????.} He further stated, “Unfortunately, something that should not have happened has happened and our national interest is paramount and we have reported this position to the Ministry of Sports.” ^{((fa))Farsi language: ????????? ?????? ?? ????? ????????? ?????? ??? ? ????? ??? ?? ?? ?? ???? ?????? ???? ? ?? ??? ???? ?? ?? ????? ???? ?? ????? ?????.}

IM Dorsa Derakhshani, who currently studies at Saint Louis University in the United States and plays for the United States Chess Federation, discussed her chess career, time in Iran and the 2017 controversy, and her life in Saint Louis with a Wikinews correspondent.

Monday, September 24, 2007

Russ Aegard is running for the Green Party of Ontario in the Ontario provincial election, in the Thunder Bay-Atikokan riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Tuesday, March 27, 2007

At a news conference in Toronto, Canada on March 26, 2007, Ontario Ombudsman André Marin called on the provincial government to transfer regulation of its lottery system from the Ontario Lottery and Gaming Corporation (OLG) to the Alcohol and Gaming Commission of Ontario. This request follows an investigation the ombudsman’s office undertook, 3 months ago, into the allegations of theft and fraud carried out by ticket retailers.

The results of the investigation into the allegations were detailed in Marin’s report, entitled A Game of Trust, released earlier in the day. The OLG has been ordered to transfer relevant files over to the Ontario Provincial Police, to determine whether a criminal investigation is warranted.

“The OLG is fixated on profit rather than on public service,” Marin suggested in his opening statement. “It is too close to its retailers, who are not just its frontline sales force but some of its best customers,” he continued. “It has lost sight of the fact that it is supposed to be a guardian of the public trust.”

The investigation was launched by Marin at his own intitiative, rather than inresponse to an individual complaint. Ombudsman investigators looked into the case of Bob Edmonds, a 78-year-old man who was cheated out of a CA$250,000 winning ticket by an unscrupulous retailer, as highlighted in a CBC television exposé. Over the course of the investigation, the Ombudsman’s Office received more than 400 other complaints related to OLG.

Marin indicated that, since 1999, “at least 247 retail owners or their employees have won major lottery prizes”, some of which he acknowledged were legitimate. He also reported that the OLG paid out “millions of dollars in prizes to retailers making dishonest claims…in amounts anywhere from $250,000 to $12.5 million.”

Marin found a systemic pattern of wrongdoing by some retailers, who he deemed to be the OLG’s “partners in profit”, with the OLG overlooking the abuse. Marin suggested that rather than get tough, “the OLG actually considered relaxing the rules on insiders.”

In his report, Marin proposed 23 recommendations including a zero-tolerance policy for retailer dishonesty, an adjudicative process to deal with disputed prize claims, a retailer code of conduct and the use of “secret shoppers” to test the retailers adherence to it.

“We accept the findings of these reports and the organization is moving quickly to implement the recommendations,” said OLG Board Chair Michael Gough in a news release. “OLG has learned a great deal from the Ombudsman’s report. It is fair, comprehensive and thoughtful,” continued Gough.

The total revenue from lotteries to the provincial government in Ontario for fiscal 2005-2006 was CA$6.36 billion. News of the resignation of OLG’s CEO Duncan Brown, was reported just days before the ombudsman’s report was tabled.

Saturday, September 8, 2007

Ford Motor Company, the U.S. car maker, will reportedly pay €57 million (US$78 million) for a 72.4 percent stake in the Romanian assembly plant Automobile Craiova, a Romanian official said Friday.

“The offer of Ford Motor Company for a 72.4 percent stake is €4.1556 per share or €57 million overall,” said Sebastian Vladescu, head of the State Property Agency (AVAS), after opening Ford’s improved offer. Vladescu added that the contract may be signed on September 12, during the auto show in Frankfurt.

The Romanian government bought back the Craiova-based car maker from Daewoo Motors, in late 2006 for US$51 million. As the Korean company was bankrupt, the government had to pay another $10 million for debts stemming from past loans. Ford is the only bidder for the purchase of the factory.

According to Washington Post, many auto-part makers have set up in the new European Union member country, attracted by cheap labor, favourable tax rates and the rising output of Renault’s Dacia plant. The vice president of Dacia, Constantin Stroe, said that the price Ford offers is not important. “It’s important to have the factory working as soon as possible”, he added. “With this production facility, Romania will become an important auto production center in Europe”, concluded Stroe, cited by HotNews.

Sunday, October 10, 2010

Residents of a Leeds, England neighbourhood have requested help from a council because their neighbourhood is plagued by crime, overcrowding, and community tensions.

Leeds City Council received a request for help from residents of Hyde Park, who said they were worried about the increasing level of anti-social behavior and worsening community relations. A report will be unveiled on Wednesday by a council delegation, highlighting the problems in the area. “The people living in Hyde Park come from widely different population groups… these groups have very different customs, needs and living styles and this can provoke high levels of tension in the area,” the delegation said.

The council claims that because of the 28 per cent ethnic minority population and the 40,000 students living in the neighbourhood, there are tensions between residents. They added, however, that they are actively encouraging people to work together, citing a multi-faith forum, a cricket competition and activities which bring old and young together.

The report says that the council are trying to build relationships between Muslims and police, something which they said is “particularly important after the area’s connection to the London bombings on 7th July 2005.” A local newspaper reported that “the Shebab project introduces young Muslims to role models from sport and culture and also runs scholars’ talks to counter extremist ideologies.”

Crime has increased by 7% in the past year in Hyde Park, and residents noted that anti-social behaviour was getting worse. The council said that an anti-burglary task force had helped to reduce the number of thefts from homes. Residents complained that there was a lack of pride in the area, and at the end of the academic year in the summer, large piles of rubbish were left in streets, yards and alleyways. The report adds that the council operates a recycling scheme aimed towards teenagers, and that rubbish collections have increased.

The Guardian reported on Wednesday that campaigners are attempting to “take control of a derelict school building and transform it into a community hub are appealing for sponsors and partners in a bid to turn their dreams into reality.” They say that the unused building, owned by the council, could be used for meetings and events. A volunteer group of residents have been working on a business plan, and have gained support from local businesses to create “a vision of an open, accessible and valuable resource for all.”

A member of the commitee, however, said he was “frustrated” with the council’s attitude towards the plans. “The RPCC is slightly frustrated with certain communication issues that we’ve had with the council, but we’re working with them and hoping to gain further assistance going forward,” he said. “It’s a shame that certain setbacks could have been avoided.”

The deputation added that “a major factor in Hyde Park’s suffering is its high level of population density”, which they conceded is something they are unable to change. The council responded to complaints that streets are “cheap and unhealthy takeaways, letting agents and boarded-up shop fronts,” by saying that Hyde Park Corner and Headingley are, according to the Yorkshire Post, “thriving shopping areas and work had taken place to ensure a good mix of outlets.”

The report concludes: “The council acknowledges that because of the very particular circumstances which exist in the neighbourhood, Hyde Park faces difficult challenges which affect the quality of life of residents and that ‘normal’ service levels may not be sufficient to tackle some of these. The council will do more to enable local people to influence how services work and how local problems are tackled. Local community and voluntary groups will be invited to play an active role.”