Saturday, October 11, 2008

George W. Bush, the President of the United States, has attempted to reassure Americans on the economy in his weekly radio address.

“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, introducing the address. “Many Americans have serious concerns about their economic well-being.”

Bush then pointed out the action that the government is taking. “Here are the problems we face and the steps we are taking: First, key markets are not functioning because there is a lack of liquidity. So the Federal Reserve has injected hundreds of billions of dollars into the system. The Fed has joined with central banks around the world to coordinate a cut in interest rates — a step that should help free up credit. The Fed has also announced a new program to provide support for a vital tool that many American businesses use to finance their day-to-day operations — the commercial paper market, which is freezing up. As this program kicks in over the next week or so, it will help revive a key source of short-term financing for businesses and financial institutions.”

“Second, some Americans are concerned about whether their money is safe,” continued the president. “So the Federal Deposit Insurance Corporation and the National Credit Union Administration have significantly expanded the amount of money insured in savings accounts and checking accounts and certificates of deposit. That means that if you have up to $250,000 in one of these insured accounts, every penny of that money is safe. The Treasury Department has also acted to restore confidence in a key element of America’s financial system by offering government insurance for money market mutual funds.”

Bush then said that there was an issue with fraud in the economy. He stated that, to address this issue, “the Securities and Exchange Commission is launching rigorous enforcement actions to detect fraud and manipulation in the market.”

The Dow Jones Industrial Average yesterday 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.

Thursday, April 28, 2005

In an escalating controversy that has contributed to Italian Prime Minister Silvio Berlusconi’s political problems and created a national uproar in Italy, Italian prosecutors began their own independent probe on Wednesday of the death of Nicola Calipari. The premier has put his government’s prestige on the line with assurances to the nation that full light would be shed on the shooting.

Calipari, one of the top intelligence agents in Italy, had negotiated a settlement with hostage takers in Baghdad and was rescuing journalist Giuliana Sgrena from them when American soldiers fired on the car they were in. Calipari became a national hero for Italians after he bravely threw his own body across hers as the firing continued, killing him and seriously injuring Sgrena with a few bullets in her back. She is still recovering.

Meanwhile, Americans released a document, now described as incomplete, which says the U.S. Army, in a joint inquiry with Italian officials, cleared its own soldiers of any responsibility in the tragic events of March 4.

The Prime Minister has put his reputation on the line says Francesco Cossiga, an ex president of Italy. He was quoted by the Italian news agency ANSA, saying he thinks Berlusconi would have no choice but to withdraw Italy’s 3000 troops from Iraq if the U.S. soldiers are cleared without further investigation, called by the U.S. a “friendly fire” incident. Cossiga is demanding the U.S. release them to Italian officials for trial or make the commitment to put them before an American court martial.

Berlusconi said that Italy would “never endorse” a report on the shooting by US soldiers of an Italian intelligence agent if it was unconvincing.

“If there are differences, they will emerge. But certainly, we will never endorse things that do not convince us,” Mr. Berlusconi told reporters.

An international group of journalists, “Reporters without borders” (Reporters sans frontières), said they were “very surprised” at Tuesday’s report released by the U.S. Army.

“We are not convinced that everything possible has been done to establish what happened in this tragedy or to determine the responsibility of all those involved, and we reiterate our appeal for an independent international enquiry by US and Italian authorities,” the press freedom organization said.

They had asked for a United Nations investigation immediately after the shooting. They also commented on the fact that the two Italian investigators disagreed with the findings of the U.S. Army and refused to sign the finished reports.

“We will see then what official reaction comes from the Italian government, which has a right to demand sanctions,” it said.

Ms. Sgrena again today described the Army’s announcement as a “slap in the face for the Italian government.” U.S. investigators were satisfied, according to the report, that “the procedures were followed to the letter” by the soldiers involved. Ms. Sgrena repeated her statement that the car in which she, Calipari and another agent, the driver, were travelling had “no warning signal…no warning shot” and “the searchlight was turned on after the shots were fired.”

The position of the U.S. high command, that soldiers had followed procedures, has remained unchanged since they first asserted this shortly after the incident occurred.

U.S. Secretary of Defense, Donald Rumsfeld said of the report and its investigators, “My latest information is that they [the Americans and Italians] have not come to a final agreement on a joint report…It’s an investigation, it was done together, intimately, and I think that we’ll just have to wait and see what they come out with.”

• Kidnapped Italian journalist refutes American government claims Wikinews March 25, 2005

Wednesday, April 25, 2007

The Iranian police forces have faced criticism from Ayatollah Hashemi Shahrudi, the head of the judiciary who was appointed by Grand Ayatollah Ali Khamenei, for their re-invigorated campaign to do away with un-Islamic dress.

Ayatollah Shahroudi proclaimed, “Tough measures on social problems will backfire and have counter-productive effects.” Others have, of course, made it clear that un-Islamic dress can lead to moral corruption, engender innumerable vices, and hurt the Islamic character of the nation.

Some believe that no one had any issue with the creation of an Islamic atmosphere. The core of the matter revolves around the implementation of the Islamic dress code; additionally, heavy-handed measures should be shunned. For instance, Mehdi Ahmadi, information head of Tehran’s police, told Al Jazeera: “Some citizens may complain about the way the law is being enforced but they all agree with the plan itself.”

According to one student, “You simply can’t tell people what to wear. They don’t understand that use of force only brings hatred towards them, not love.” Nevertheless, Hojatoll-Islam Mostafa Pour-Mohammadi, Iran’s interior minister who is in charge of policing, prognosticated positive feedback from the populace when he said, “People are unhappy with the social and moral status of the society. They expect that the fight against social insecurity be properly implemented.” Thus, Hujjat al-Islam Pour-Mohammadi re-iterated the necessity of proper implementation and methodology towards the restoration of morality in the Islamic Republic. Islamic officials and religious people affirm that this is indispensable to promote righteousness, curb sin, and bring open sinners to justice.

Following the Islamic Revolution in 1979, hijab became mandatory in Iran for every woman including foreigners after over 98% of citizens voted for an Islamic government. Women may face caning up to 74 strokes for failing to observe hijab. In this recent crackdown, the authorities have arrested many citizens throughout the country. Not only have women been taken into custody for their hair being uncovered on their foreheads and tight clothes that show body shapes, For men they need to cover from knee to their waist as according to Sharia. Even a foreign journalist was detained because the photograph on her press card was indecent.

It has not been clear whence the directive for the re-newed clampdown emanated. Some have blamed Mahmoud Ahmadinejad while Gholam Hossein Elham, the government spokesman, stated to reporters, “The police work as agents of the judiciary to confront crimes. The government as an executive body does not interfere in the affairs of the judiciary.” The following pre-election speech seems to corroborate this latter statement:

Monday, November 2, 2020

The following is the sixth and final edition of a monthly series chronicling the 2020 United States presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

This month’s spotlight on the campaign trail: the Free and Equal Elections Foundation holds two presidential debates, three candidates who did not participate in those debates give their final pleas to voters, and three political pundits give their predictions on the outcome of the election.

Thursday, October 12, 2006

Dove soaps continues their North American “Campaign for Real Beauty” advertising with a television commercial that explores the alterations that can be done on models.

Labeled “a Dove film”, the commercial is entitled “evolution”. Beginning with a woman walking into a photo shoot. From there, she is primped and plucked by hair and makeup artists, then tweaked on a Photoshop-like program.

The photo-manipulation is then posted on a billboard for the fictional “Easel Foundation Makeup” brand. Two young, teenage girls walk past, glancing at the board.

“No wonder our perception of beauty is distorted” ends the ad in text, “Every girl deserves to feel beautiful just the way she is.”

Dove runs the Dove Self-Esteem Fund as a part of their Campaign for Real Beauty. In the marketing campaign, Dove uses “real” women, instead of professional models, in an attempt to instill self-esteem in their customers.

This continuing promotion, launched in 2004, was on the forefront of a current trend in Western culture to abandon the overly idealised images the media portrays of women. Recently some fashion capitals have mandated minimum body mass indexes for runway models. The top rated comedy in the United States and Canada is Ugly Betty, a series that stars an average girl coping at a fashion magazine. The series is based on Betty la Fea, an extremely popular Colombian telenovela, which has been reproduced internationally.

Only two percent of women surveyed worldwide consider themselves beautiful, according to ABC Good Morning America co-anchor Robin Roberts, whose program debuted the commercial this morning at 8:07 am EST.

The ad is currently playing on the Campaign for Real Beauty’s homepage.

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.

Monday, December 8, 2008

More details have emerged over the weekend after the surprise announcement last week of Honda‘s intention to sell its Formula One racing team, Honda Racing F1. The team management, Nick Fry and Ross Brawn, have already announced confidence in their ability not only to find a buyer for the team but also to deliver the performance expected of Honda’s 2009 car. Prices as low as £1 have been put forward as possible prices tags for the Northampton based team, with Honda CEO Takeo Fukui stating that “Just to make the team possible to exist, a small price tag is acceptable”.

On Saturday the Japanese car giant said that before selling the team it was going to offer British driver Jensen Button, who had given the Honda team its only victory, a way out of his recently signed multi-million pound contract with the team so he could try to get a drive with other teams. However, Ross Brawn appears eager to retain the Briton and either retain Brazilian Rubens Barrichello or sign GP2 driver Bruno Senna, nephew of legendary racer Ayrton Senna. At an industry awards dinner, Button indicated his desire for a buyer to be found for Honda, saying any buyer would get “… a great team with excellent facilities. And with the leadership of Ross Brawn, and the whole team as they are, we can come through this and be on the grid in 2009”. Button has also spoken of his shock and pain at Honda’s decision.

Ross Brawn, who was brought into the Honda team with much fan fare before the 2008 season, has spoken of his shock at finding out about the sale of the team. Brawn, who is credited with helping Michael Schumacher and Ferrari dominate Formula One for much of the last decade, indicated he was expected funding cuts and had prepared a reduced budget but hadn’t expected the full withdrawal of support that Honda announced. Brawn has also indicated understanding of Honda’s reasoning, with their sales down 40% in some markets and Honda F1’s £200m+ budget a cost they were unwilling to bear.

Though Honda has committed to providing a budget for the team until March, the budget is lower than that which had been expected and so the team has had to pull out of the crucial winter tests at Jerez. This has denied Formula One hopeful Bruno Senna another test with the team and has combined with the engine implications of Honda’s withdrawal to push the new car’s final testing from January to March, just weeks before the first Grand Prix in Australia. Ross Brawn however remains confident of competing with new Formula One frontrunners BMW Sauber and Formula One supremo Bernie Ecclestone has tipped the team as a great buy, saying “I’ve no doubt Honda would have been in top four next year without any problems. They’ve spent a lot of money to put themselves in that position so if anyone does want to be in F1 this is a team they should look to buy. It’s a big opportunity for any company that’s run efficiently to benefit”.