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Ralph Nader calls out Democrats for financial bailout

 Correction — Aug 2, 2010 Nader referred to the 1999 repeal of the 1933 Glass-Steagal Act. The Wikinews article omitted the word “repeal” from the account of Nader’s speech. 

Sunday, October 5, 2008

Ralph Nader in Waterbury, CT Image: Sage Ross.

Independent U.S. presidential candidate Ralph Nader had harsh words for the Democrats who engineered yesterday’s passage of the Emergency Economic Stabilization Act of 2008, a bailout of the U.S. financial system. At a campaign stop in Waterbury, Connecticut on Saturday, Nader said that Democrats passed up a chance to enact re-regulation of the financial system and instead gave Wall Street everything it wanted.

According to Nader, Senator Chris Dodd (D-CT), Representative Barney Frank (D-MA), and other Democrats considered but rejected measures such as a tax on transactions of derivatives (a “speculation tax”) because of their financial ties to Wall Street and its lobbyists. He said that Representative Chris Murphy (D-CT), who represents Waterbury, had “become a toady” of Nancy Pelosi. He drew enthusiastic applause by calling Murphy “a dynamic fraud”, and referred to Senator Joe Lieberman as “the Hermaphrodite of American Politics”. For Murphy and Representative Chris Shays (R-CT), Nader said, supporting the bailout despite the opposition of constituents was a “profile in betrayal”. Because there were no public hearings where taxpayers and experts could weigh in on the bailout, Nader characterized it as a return to “taxation without representation“—under “King George IV” 225 years after the 13 colonies were taxed under King George III.

Asked about causes of the financial crisis, Nader pointed to the deregulation of the financial sector with the 1999 Glass-Steagall Act and further deregulation in 2000, as well as the rise of overly complex financial derivatives. He outlined a four-part reform plan:

  1. Re-regulation of financial markets
  2. Increasing shareholder control of corporations
  3. Taxpayer equity as part of any bailout, as in the 1979 bailout of Chrysler Corporation
  4. Making speculators pay by enacting a 0.1% tax on derivatives transactions (which Nader said will amount to over $500 trillion this year)

Regarding the equity warrants included in the passed bailout, Nader relayed word from an unnamed source that Treasury Secretary Henry Paulson had told Wall Street executives “don’t worry, it’s not enforceable”.

Nader told reporters that he had abandoned the Green Party because “Greens are not disciplined, and they’re not mature”, and also lack the fund-raising capabilities to break into mainstream political discussions. “They bicker and bicker,” he said, pushing out their best people. However, he endorsed several local Green Party candidates, including Chris Murphy’s opponent Harold Burbank.

The virtual media blackout for third party campaigns by national newspapers and networks has been a source of continual frustration for the Nader campaign, as well as the campaigns of Libertarian Bob Barr and Green Cynthia McKinney and the post-campaign activities of Republican Ron Paul. According to Nader, reporters tell him that editors of national media are “very bigoted against third party and independent candidacies”. Even journalists for taxpayer-supported media, such as National Public Radio‘s Terry Gross and the Public Broadcasting Service‘s Jim Lehrer, have shut him out during this campaign. Debates, he lamented, are controlled by corporate interests through the Commission on Presidential Debates.

Nader spoke to a supportive crowd of about 60 people and his campaign raised over $2000 at the event, their third visit to Waterbury. The event took place in the former building of a closed-down bank.

Retrieved from “https://en.wikinews.org/w/index.php?title=Ralph_Nader_calls_out_Democrats_for_financial_bailout&oldid=3290652”

Category:Food

This is the category for food.

Refresh this list to see the latest articles.

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  • 3 December 2016: Chinese chef Peng Chang-kuei’s death announced
  • 5 October 2016: World Wildlife Fund: 75% of seafood species consumed in Singapore not caught sustainably
  • 14 September 2016: Scientists claim decrease in hotness of Bhut Jolokia
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  • 12 May 2013: Fifth Expo Gastronomía finishes in Caracas
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Four people shot outside New Life Church in Colorado Springs, USA

Sunday, December 9, 2007

Early afternoon saw a shooting in the church parking lot of New Life Church, an Evangelical Megachurch, in Colorado Springs, Colorado, United States. According to a report quoting the church’s pastor four people were shot by a gunman in the car park.

At this time it is unknown if there is any connection with yesterday’s shooting approximately 70 miles away in Arvada, Colorado, where a gunman shot two and injured two people at Faith Bible Chapel’s missionary training centre in a dormitory.

Retrieved from “https://en.wikinews.org/w/index.php?title=Four_people_shot_outside_New_Life_Church_in_Colorado_Springs,_USA&oldid=3148123”

Wikinews interviews 2020 Melbourne Lord Mayor Candidate Wayne Tseng

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Thursday, October 22, 2020

2020 Melbourne Lord Mayor candidate Wayne Tseng answered some questions about his campaign for the upcoming election from Wikinews. The Lord Mayor election in the Australian city is scheduled to take place this week.

Portrait of Wayne TsengImage: Wayne Tseng.

Tseng runs a firm called eTranslate, which helps software developers to make the software available to the users. In the candidate’s questionnaire, Tseng said eTranslate had led to him working with all three tiers of the government. He previously belonged to the Australian Liberal Party, but has left since then, to run for mayorship as an independent candidate.

Tseng is of Chinese descent, having moved to Australia with his parents from Vietnam. Graduated in Brisbane, Tseng received his PhD in Melbourne and has been living in the city, he told Wikinews. Tseng also formed Chinese Precinct Chamber of Commerce, an organisation responsible for many “community bond building initiatives”, the Lord Mayor candidate told Wikinews.

Tseng discussed his plans for leading Melbourne, recovering from COVID-19, and “Democracy 2.0” to ensure concerns of minorities in the city were also heard. Tseng also focused on the importance of the multi-culture aspect and talked about making Melbourne the capital of the aboriginals. Tseng also explained why he thinks Melbourne is poised to be a world city by 2030.

Tseng’s deputy Lord Mayor candidate Gricol Yang is a Commercial Banker and works for ANZ Banking Group.

Currently, Sally Capp is the Lord Mayor of Melbourne, the Victorian capital. Capp was elected as an interim Lord Mayor in mid-2018 after the former Lord Mayor Robert Doyle resigned from his position after sexual assault allegations. Doyle served as the Lord Mayor of Melbourne for almost a decade since 2008.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_2020_Melbourne_Lord_Mayor_Candidate_Wayne_Tseng&oldid=4598699”

Four arrested after building spire in Moscow painted in Ukrainian colors

Friday, August 22, 2014

Russian authorities have detained four people on Wednesday on suspicion of vandalism, following an incident where the spire of the iconic Kotelnicheskaya Embankment Building in Moscow was painted in the colors of the Ukrainian flag. The suspects, reportedly consisting of two men and two women, allegedly ascended the building by stairs to reach its top floor, before using climbing equipment to complete the ascent, according to Moscow police.

File photo of the Kotelnicheskaya Embankment Building in 2009. Image: SphinxTheGeek.

Over the course of the previous night, the suspects proceeded to paint the top half of the building’s star-shaped spire blue and erected a Ukrainian flag atop at about 7:15 am local time, reports the Interfax news agency, with information corroborated by Moscow’s municipal emergency services. The alterations to the building made by the suspects remained for several hours, before workers removed the flag and repainted the spire to its normal color. Containing 32 floors and standing at a height of 176 m (577 ft), the Kotelnicheskaya Embankment Building is one of the Seven Sisters, skyscrapers constructed between 1947 and 1953 in Moscow under the direction of Joseph Stalin.

Following the act, at least one of the suspects then reportedly descended from the building by parachute, reported state news channel Rossiya 24, and captured on a video published by Lifenews, reportedly filmed by a local resident. Additional video broadcast by Rossiya 24, taken from a window, captured a parachuting suspect landing in a nearby playground. Among the suspects was Alexander Pogrebov, who has denied the charges brought forth by authorities. “I was detained for parachuting off the skyscraper. I chose that place because it’s beautiful. […] It just so happened that at the time of the jump, someone else committed an act of vandalism — they destroyed the spire with paint, and raised the Ukrainian flag.” said Pogrebov in an interview to LifeNews.

Pogrebov’s comments were supported by a police official, who stated to the Itar-Tass agency: “The two young men and two girls say they jumped from a high building with parachutes. They say they didn’t hoist any flag and didn’t paint the flag.” If convicted of vandalism, Pogrebov and the other suspects may be sentenced to a maximum of three years imprisonment. Over the phone to Bloomberg, an unidentified duty press official stated the suspects were previously arrested over other charges. According to reports from Russian state television, all four suspects were Russian citizens.

Other acts by Russian protestors to show support and solidarity with Ukraine, contrasting the approval which came following the Russian annexation of Crimea, included the singing of the Ukrainian national anthem by protestors while being arrested. Russian musician Andrey Makarevich, who fronts the band Mashina Vremeni, which translates to “Time Machine”, was labelled as a “traitor” by Russian lawmakers and musicians who supported Russian interests, after he traveled to eastern Ukraine last week to perform for displaced children in regions held by the Ukrainian army.

On a post on Twitter, Russian opposition leader Gennady Gudkov stated “I don’t justify youngsters who painted a star on the skyscraper, but this is an administrative offense, not criminal”. In 2011 and 2012, following accusations of electoral fraud during the parliamentary elections at the time, Gudkov supported protestors who took to the streets of Moscow in opposition to Russian president Vladimir Putin.

The act comes just days prior to Ukraine’s Day of the National Flag on August 23 and Independence Day on August 24. The country’s president, Petro Poroshenko, expressed his approval from Kiev of the act and praise for the suspects in a written post on Facebook. “On the eve of Independence Day we are starting an initiative called ‘Our Colours,’ which is devoted to the Ukrainian flag” ((uk))Ukrainian language: ???????????? ??? ???????????? ?? ????????? ?????????? “???? ???????”, ??? ?????????? ???????????? ???????, wrote Poroshenko. “And it is symbolic that, on this day, our colours have been painted on what is perhaps the greatest skyscraper in Moscow. I urge Ukrainians throughout the world, wherever they are, on the eve of the anniversary of our independence, to decorate their homes, offices, and cars in our national colours.” ((uk))Ukrainian language: ???????????, ?? ? ??? ???? ? ???? ??????? ????????????, ???????, ????????? ??????? ? ??????. ???????? ????????? ?? ?????? ?????, ?? ? ???? ?? ????, ??????????? ??????? ????????????, ?????????? ???? ???????, ?????, ???? ? ???? ??????????? ???????.

“I like very much the fact that, on the eve of celebrating the Ukrainian flag, one of Moscow’s highest buildings was painted in our colors,” Poroshenko said in a video posted on Facebook. “I congratulate these Ukrainians.” Following the deaths of more than 2,000 people and the displacement of 300,000 from their homes amid fighting in eastern Ukraine between the Ukrainian armed forced and pro-Russian separatists, Poroshenko is scheduled to discuss the crisis with Putin next week, the first such meeting in two months.

Retrieved from “https://en.wikinews.org/w/index.php?title=Four_arrested_after_building_spire_in_Moscow_painted_in_Ukrainian_colors&oldid=4663481”

Lordi release music video for Finnish chart-topper ‘Bite It Like a Bulldog’

Saturday, October 4, 2008

The video features Lordi’s new costumes, as pictured Image: Lordi.

Finnish theatrical hard rock band Lordi – who are known for their ‘monster’ personas – have released a music video for the single Bite It Like a Bulldog. The song rose to number one on the Finnish single chart.

The song is the lead single from Deadache, Lordi’s new album, which is due for release later this month. The album’s musical style is described as similar to the band’s previous work in that it is melodic hard rock, but with a ‘rougher’ quality to it and stronger horror themes. The band’s keyboardist previously compared some of the music to that of Rob Zombie.

The band have also introduced new incarnations of their costumes, as they do for the release of each album. According to the group’s frontman, part of the aim for the video was to showcase these to the world for the first time. “The modern horror film classics such as The Texas Chainsaw Massacre remake and Hostel were the starting points and the influence for the visual look,” he told MTV.

He also explained that the intention was to produce something different with the video. “We wanted to achieve something that breaks the tradition of Lordi videos… The idea was to have a video with a not-so-simple and easily understandable storyline. We wanted the clip to focus on the feeling of the song and the new, more grotesque look of the band.” The video was directed by Limppu Lindberg, who has worked on graphic design with Lordi and directed videos for Finnish metal bands such as Children of Bodom and Norther.

The video’s United States TV debut will be made tonight at 11pm on MTV2’s Headbangers Ball.

Retrieved from “https://en.wikinews.org/w/index.php?title=Lordi_release_music_video_for_Finnish_chart-topper_%27Bite_It_Like_a_Bulldog%27&oldid=4272708”

We’ll always have .paris: ICANN votes for top level domain registration in 2009

Tuesday, June 24, 2008

The Internet Corporation for Assigned Names and Numbers (ICANN), a non-profit organisation based in California, United States to regulate internet domain names, will vote on Thursday for a proposal to allow the open registration of top-level domains (TLDs) for Internet addresses. If the proposal succeeds, then as soon as next year any entity with sufficient funds may be able to apply for ownership of a relevant TLD, so that, for example, web sites could have addresses ending in .paris, .ebay or .love.

The range of TLDs has traditionally been heavily restricted by ICANN, with most being country codes (such as .uk for the United Kingdom, or .jp for Japan) or related to the purpose of a website (like .com for commercial websites, .edu for educational sites, and .org for non-profit organisations).

Some existing owners of TLDs have already set up arrangements that have made use of their flexibility – for example, the countries of Tuvalu and the Federated States of Micronesia have leased many domains on their country code TLDs (.tv and .fm respectively) to entertainment websites based on the association with “television” and “FM radio”.

Commentators have pointed out that this may open the way for the controversial .xxx domain, proposed for sites with adult content, which ICANN has previously rejected. Its existence will not be guaranteed in the new system, however, as domain registration will be subject to an independent arbitration process, and granted only when the registrant can demonstrate “a business plan and technical capability”, and applications may be rejected on “morality or public order” grounds. While the proposal does not include registration fees, the TLDs are predicted to cost several thousand dollars, at least.

ICANN CEO Paul Twomey, speaking with the BBC, compared the opening of domains to the opening of real estate in the United States in the 19th century. “It’s a massive increase in the geography of the real estate of the Internet,” he said.

The ICANN International Public Meeting, which opened in Paris, France on Monday, includes workshops and public forums as well as the ICANN Board meeting.

Retrieved from “https://en.wikinews.org/w/index.php?title=We%27ll_always_have_.paris:_ICANN_votes_for_top_level_domain_registration_in_2009&oldid=4511639”

Climber dies on Mount Cook

Sunday, December 14, 2008

Mark Vinar, an Australian climber from Perth, has been presumed dead after falling over half a kilometre from New Zealand’s highest peak, Aoraki/Mount Cook. He is said to have lost his footing whilst descending the Zurbriggen Ridge.

His brother, Miles Vinar, was rescued by an alpine rescue team after being stranded for two days on a ridge on the mountain and airlifted by helicopter to Plateau Hut in Aoraki/Mount Cook National Park on early morning Saturday.

Aoraki/Mount Cook as seen from Hooker Valley

Guides at Plateau Hut became concerned for the two brothers on Friday, when the latter did not return as was scheduled.

Police reports say that the two brothers were descending the ridge, with Miles Vinar going first: “Miles had to climb down using an ice pick and crampons. He instructed Mark about it, but for some reason Mark lost his footing and fell backwards and started rolling. He went behind some rocks, then appeared again rolling down the hill. He went down about 500 metres and then disappeared,” said Omarama police constable Les Andrew, adding that Miles was certain that it was poor that he was obliged to take cover in the snow and wait for rescue.

“There is no sign of the missing climber and it is presumed he has either fallen into a crevasse and become buried, or has been buried under snow and ice debris,” stated the New Zealand Department of Conservation, adding that there had been thirty centimetres of fresh snow.

Mark Vinar is the seventieth person to die on Mt Cook in a century, as well as the ninth to die on Zurbriggen Ridge. This is the second death on the mountain in only eight days: Kiyoshi Ikenouchi, a Japanese climber, died after being stranded on Mt Cook for a week, just hours before help arrived.

Retrieved from “https://en.wikinews.org/w/index.php?title=Climber_dies_on_Mount_Cook&oldid=3130900”

IMF and EU approve aid for Georgia

Tuesday, September 16, 2008

The International Monetary Fund and the European Union approved aid packages to help Georgia recover from its conflict with Russia, which occurred in early August. The IMF approved a US$750 million loan which will allow Georgia to rebuild its currency reserves. The European Union also approved an aid package of 500 million in aid by 2010, which is expected to help internally displaced people (IDPs) and economic recovery in the form of new infrastructure. Only €100 million of the EU aid will be given to Georgia this year.

These loans are aimed to restore confidence in Georgia’s economy and send a signal to international investors that Georgia’s economy is sound. According to the IMF, international investors have been “critical to Georgia’s economic growth in recent years.”

IMF Headquarters in Washington D.C.

Takatoshi Kato, Deputy Managing Director and Acting Chairman of the IMF executive committee, said the loan will “make significant resources available to replenish international reserves and bolster investor confidence, with the aim of sustaining private capital inflows that have been critical to Georgia’s economic growth in recent years.”

Georgia has requested $2 billion in international aid to help it recover from the conflict. So far, the United States has pledged $1 billion in aid. Further assistance and loans to Georgia are expected from other organizations. Kato noted that “…Georgia is expected to receive financial assistance from multilateral and bilateral donors and creditors in support of the reconstruction effort.” It is expected that an international donors’ conference will take place next month to solicit more aid for the country.

Georgia’s government expects that economic growth will be more than cut in half as a result of the conflict. Last year, Georgia’s GDP increased 12.4% and it is predicted by the IMF that growth will be less than 4 percent in the coming year.

Retrieved from “https://en.wikinews.org/w/index.php?title=IMF_and_EU_approve_aid_for_Georgia&oldid=3031841”

Former “crossover” Canadian MP to leave politics

Wednesday, April 11, 2007

Canadian MP Belinda Stronach has officially announced she will not run for re-election in her riding of Newmarket—Aurora in the next federal election. She will re-join her father Frank Stronach‘s company Magna International Inc., a large auto parts company, as the executive vice-chairwoman.

“My father is looking to the future, the company is facing important strategic decisions, and the Canadian and global auto sector and economy are in a period of great challenge,” Stronach announced. “So I am stepping aside from elected politics for the time being and will now take part in public life in a different way…I will continue to represent the interests of the constituents I serve until such time as a federal election is called,” she said. “I also plan to continue to play an active role in the community.”

During Stronach’s career a series of events have made national headlines.

In 2004, she ran against now Prime Minister Stephen Harper for leadership of then the new formed Conservative Party of Canada and finished second on the first ballot. She was later elected as Conservative MP for Newmarket—Aurora. Stronach had many differences to Stephen Harper and his Conservatives supporting abortion and same-sex marriages. She also claimed the party was going too far-right. In 2005, two days before a non-confidence vote to bring down the Liberal government, she crossed the floor to the Liberal Party of Canada and retained her seat. Upon her crossing she immediately became Minister of Human Resources and Social Development and Minister responsible for Democratic Renewal. It also ended her personal relationship with fellow Conservative MP Peter MacKay. If Stronach had not joined the Liberals an election would have been called. On April 6, 2006, Stronach held a news conference announcing that she would not seek the leadership of the Liberals, which was later won by Stephane Dion.

In September, she was caught cheating with former NHL player Tie Domi. In October 2006, Peter MacKay referred to Stranach as a “dog”. Stronach, a feminist, demanded an immediate apology and said that it offended all Canadian women.

CTV bureau chief Robert Fife speculated the decision by Stronach, not to seek re-election, may have had something to do with her dissatisfaction over a diminished role in the new Dion caucus. “She did not have a high-profile critic’s role and she had not been prominent in asking questions in question period after Mr. Dion took over,” suggested Fife.

Stronach has been serving as Critic for Competitiveness and New Economy. She previously served as Critic for the Minister of Transport under interim leader Bill Graham.

The public is also questioning Stronach’s move to keep her seat until the next federal election, they happen every five years or less. If she had decided to leave her seat completely, an immediate by-election would be called.

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