Friday, October 2, 2009

Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%.

The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country.

The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that unemployment could threaten an economic recovery. Top US officials have warned that any recovery would be slow and uneven, and some have predicted the unemployment rate will top 10% before the situation improves.

“Continued household deleveraging and rising unemployment may weigh more on consumption than forecast, and accelerating corporate and commercial property defaults could slow the improvement in financial conditions,” read a report by the International Monetary Fund’s World Economic Outlook, predicting that unemployment will average 10.1% by next year and not go back down to five percent until 2014.

Mark Zandi, chief economist at Moody’s Economy.com, said that “it’s a very fragile and tentative recovery. Policy makers need to do more.”

“The number came in weaker than expected. We saw a lot of artificial involvement by the government to prop up the markets, and now that that is starting to end, the private sector isn’t yet showing signs of life,” said Kevin Caron, a market strategist for Stifel, Nicolaus & Co.

Also on Thursday, the US Commerce Department said factory orders fell for the first time in five months, dropping eight-tenths of a percent in August. Orders for durable goods — items intended to last several years (including everything from appliances to airliners) — fell 2.6%, the largest drop since January of this year.

The US government has been spending billions of dollars — part of a $787 billion stimulus package — to help spark economic growth. There have been some signs the economy is improving.

The Commerce Department said on Thursday that spending on home construction jumped in August for its biggest increase in 16 years. A real estate trade group, the National Association of Realtors, said pending sales of previously owned homes rose more than 12 percent in August, compared to August 2008.

A separate Commerce Department report said that consumer spending, which accounts for more than two-thirds of US economic activity, rose at its fastest pace in nearly eight years, jumping 1.3 percent in August.

Other reports have provided cause for concern. A banking industry trade group said Thursday the number of US consumers making late payments, or failing to make payments, on loans and credit cards is on the rise. A survey by a business group, the Institute for Supply Management, Thursday showed US manufacturing grew in September, but at a slower pace than in August when manufacturing increased for the first time in a year and a half.

Stock markets reacted negatively to the reports. The Dow Jones Industrial Average fell 41 points in early trading, reaching a level of 9467. This follows a drop of 203 points on Thursday, its largest loss in a single day since July. The London FTSE index fell 55 points, or 1.1%, to reach 4993 points by 15.00 local time.

Tuesday, May 4, 2010

The United States National Transportation Safety Board (NTSB) has completed its investigation into the ditching of US Airways Flight 1549 into New York’s Hudson River. The fifteen-month probe began after the Airbus A320 performed a water landing when bird strikes damaged both engines in a move dubbed the “Miracle on the Hudson” by the media. Nobody was killed.

The NTSB’s final report, adopted after a board meeting today, concluded that a combination of safety equipment better than the mandatory minimums and good reactions by the crew were the main reasons the 150 passengers and five crew survived. The board stated that the aircraft’s equipment met the standards required for “extended overwater operations”, equipment that was not needed for the January 2009 flight.

The aircraft was equiped with escape slides that doubled as water rafts at the front and aft emergency exits, but the aft ones were rendered unavailable. Airbus assumed when designing the aircraft that only one engine would be inoperative during an emergency ditching, and current emergency checklists assume plenty of prior warning for dual-engine failure since the aircraft would be at a high altitude. The A320 was at just 2,700 feet when the incident occurred, having just taken off when it collided with a flock of Canada geese, almost completely removing the engines’ ability to generate thrust.

The final report has blamed a number of factors for extensive fuselage damage caused in the impact, which cracked a rear bulkhead and caused the aircraft to flood, as well as taking the rear slides out of action. The board said standards aircraft should meet in ditchings – set by the Federal Aviation Authority (FAA) – were inadequate, training in industry was not sufficient for ditchings and the high level of tasks the crew had to focus on made it difficult for the pilot to maintain his airspeed. The pilot’s decision to ditch was credited as being the best possible solution to the emergency.

The NTSB noted that while the rear rafts failed, 64 people climbed into the forward rafts, and said many of these people would have been immersed in the frigid river. The board claimed that this could induce “cold shock”, which can lead to drowning within minutes.

The report found that the good visibility, calm water, nearby ferries which provided rescues within twenty minutes and good cockpit resource management, allowing the crew to maintain control, were further factors that contributed to the survival of those on board. However, it also found that “more creative and effective methods of conveying safety information to passengers” are required after learning that most passengers had not paid attention to the in-flight safety announcement. It also noted that many passengers had difficulty putting on the life vests supplied under the seats.

The report further stated that the accident was hard to predict due to the fact that bird strikes tend to occur much lower, usually below 500 feet. It considered the possibilities of fitting engine screens or redesigning engines to mitigate bird strike risk, but these proposals were rejected after consideration since they were deemed unfeasable.

NTSB Chairman Deborah A.P. Hersman described the circumstances as “a great example of the professionalism of the crewmembers, air traffic controllers and emergency responders who all played a role in preserving the safety of everyone aboard.” She further discussed the safety recommendations the report will contain when it is released. “I believe the safety recommendations that have come out of this investigation have an extraordinary origin – a very serious accident in which everyone survived. Even in an accident where everyone survives, there are lessons learned and areas that could use improvement. Our report today takes these lessons learned so that, if our recommendations are implemented, every passenger and crewmember may have the opportunity to benefit from the advances in safety.” A total of 35 recommendations have been made seeking improved checklists for emergencies, better certification standards for aircraft and their engines, advances in crew training, better safety equipment and improved safety briefings to passengers.

One result of these findings is that the board will likely ask the FAA to require emergency equipment for water landings on all commercial aircraft. The FAA has until now held that such a move would place a disproportionately high cost on airlines.

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Saturday, August 26, 2006

A British Airways (BA) flight from London to Denver made an emergency landing at an airport in Iceland today after smoke was seen emerging from an oven in the aircraft’s rear kitchen.

A BA spokesman said that the Boeing 777 landed safely at Keflavik Airport. He added that the plane’s 268 passengers left the craft unharmed.

A spokeswoman from the Iceland Civil Aviation Administration ruled out any terrorist involvement. She added: “They were 50 miles from Keflavik when it was thought there was a fire. But it turned out to be only smoke.”

The flight should complete its journey to the US tomorrow. Passengers are spending the night in a hotel.

Tuesday, October 2, 2007

Zork Hun is running for the Libertarian party in the Ontario provincial election, in the Parkdale-High Park 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.

Wednesday, August 23, 2006

“18 hours of mass hysteria” (according to the Sunday Times of India) broke out last Friday in Mumbai as hundreds of residents flocked to Mahim Creek, one of the most polluted creeks in India that receives thousands of tonnes of raw sewage and industrial waste every day after reports that the salt water had suddenly turned “sweet”.

Television reports showed people drinking water on the spot with their hands, and others bathing, apparently to wash away their sins with the “holy” water.

At the height of the hysteria, bottled mineral water was selling for Rs 50 (RM4.50), with people buying the mineral water simply for the bottles, pouring away the mineral water and filling the bottles with water from the creek.

News reports of the Mahim Creek incident sparked further mass hysteria at Gujarat within hours, with residents there claiming that seawater at Teethal beach in Valsad had also turned sweet. About 400 people had gathered by the beach in the evening.

In the aftermath of the incident, local authorities stated that they were being were extra vigilant because of the possibility of a severe outbreak of water-borne diseases, such as gastroenteritis as a result of so many people drinking contaminated water. The Maharashtra Pollution Control Board had warned people not to drink the water, but despite this many people had collected it in bottles, even as plastic and rubbish had drifted by on the current. The Municipal Corporation of Greater Mumbai had ordered a bacteriological report into the “sweet” water, but suspected that “contamination in the water might have been reduced due to the waters from Mithi River flowing into the mouth of Mahim Bay“.

By Saturday morning, the hysteria had died down, as the taste of the water had returned to normal.

Thursday, September 13, 2007

Having worked as an aide, advisor, and Executive Assistant to municipal and provincial politicians, Sheila White is running for the Ontario New Democratic Party in the Ontario provincial election, in the Scarborough-Rouge River riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her 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.

Monday, January 9, 2006

Honda’s Civic and Ridgeline truck won the North American Car and Truck of the Year awards at the International Auto Show in Detroit. This is the first time a company has won both awards in the same year. The finalists were the Ridgeline, the Ford Explorer SUV and the Nissan Xterra. The awards are intended to recognize vehicles for their innovation, design, safety, handling, driver satisfaction, and value.File:Ford Explorer.jpg

Honda also unveiled its latest model the Fit, a US version of the Honda Jazz sold in nonUS markets. The Fit comes with a 109 horsepower engine, antilock brakes, six air bags, fold flat seats, full iPod connectivity, 90.1 cubic feet of passenger and cargo space, and 33 mpg for the city 38 mpg for the highway. A sport package will also include Honda’s first steering wheel mounted paddle shifters. The car will go against another two new Japanese subcompacts, the Toyota Yaris, Nissan Versa and will have to wrestle away sales from the category’s current top seller Chevrolet’s Aveo.

The car will start selling in April for around $13,000 to $14,000 as a 2007 model. The company plans to sell 33,000 units of the hatchback in 2006.

Many automakers expect industry wide sales in the US to be between 16 and 17 million units. Honda, which is Japan’s third largest automaker, hopes to gain US market share with the redesigned Civic and the Fit. Honda hopes that the company’s auto sales will rise 4% this year. The fuel-efficient Civic helped increase US market share to 8.6 percent last year, some of those sales were taken from Ford as gas prices rocketed to $3 a gallon. The US market is extremely important for Honda as it receives 64% of its operating profit from the US.

• “Honda vehicles win Car, Truck of the Year” — Xinhuanet, January 9, 2006
• Kae Inoue. “Honda Expects to Gain U.S. Market Share in 2006 With Civic, Fit” — Bloomberg, January 8, 2006
• Nick Buntley. “Honda introduces its new small car, the Fit” — The Detriot News, January 8, 2006

Tuesday, September 23, 2008

Swiss Finance Minister Hans-Rudolf Merz has suffered a major heart attack and had to be hospitalised. He was in Eastern Switzerland when he collapsed.

Later on Sunday he was flown by helicopter to Bern University Hospital where he was placed into an artificial coma. The Finance Minister underwent today a major bypass surgery and doctors say that he will have to remain in Intesive care for at least two weeks. As a result, the cabinet has been reorganised, with Eveline Widmer-Schlumpf (Minister for Justice and Police) as the interim Finance Minister and Moritz Leuenberger (Transport Minister) as her deputy.

The Swiss President, Pascal Couchepin, announced that he would not be attending the UN General Assembly in New York and that the Cabinet would hold an extra-ordinary session.