Friday, July 15, 2011

On Tuesday, the Euro fell to a new record low in relation to the Swiss Franc, and to multi-month lows against the U.S. Dollar and Japanese yen; all considered by investors to be safe currencies during times of economic turmoil.

The Wall Street Journal reported earlier that recent comments from the newly installed head of the International Monetary Fund, France’s Christine Lagarde, resulted in a sell-off of the Euro. At a roundtable discussion in Washington, Lagarde noted that the IMF had not yet reached discussion of terms and conditions of a second Greek bailout plan. In fact, a representative from the IMF is currently meeting with Eurozone policymakers to draft such a new proposal. The yield differential between Italian bonds and German bonds has spread to more than 300 basis points, something not seen in over a decade and evidence of investors’ concern.

Adding to the Euro’s woes is the upcoming release of the bank stress tests on Friday. The European Bankers Association said that they expect the data release to shed new light on the Eurozone’s banking situation. Representatives of several of the Eurozone’s governments, including Germany, have requested that the association consider releasing fewer specific details for fear that investor panic will ensue. The inadequacy of the capitalization rates has been an issue with the European Central Bank, whose president recently called upon Eurozone banks to make every effort to put their balance sheets in order.

For the time being at least, an unsubstantiated rumor reported by the Wall Street Journal states that the Eurozone’s central banks’ purchase of periphery debt has helped to quell the downward momentum of the Euro.

Friday, April 22, 2016

Musician Prince died at home in Minnesota, United States yesterday.

A publicist confirmed his death.”It is with profound sadness that I am confirming that the legendary, iconic performer, Prince Rogers Nelson has died”.

A statement from the Carver County Sheriff’s office said Prince was found in an elevator at his home at Paisley Park Studio. Emergency workers were called, but after they were unable to revive him, he was pronounced dead.

Following Prince’s first album in 1978, he came to prominence in the 1980s. His 1980s releases included 1999, Kiss, Purple Rain, and Sign o’ the Times. He went on to record more than 30 albums.During his career he sold more than 100 million records and had 47 songs reach the US Billboard top 100. Five of those songs, When Doves Cry, Kiss, Let’s Go Crazy, Cream, and Batdance, went to number one. The song When Doves Cry was number one for five weeks.

In 1984 Prince starred in the movie Purple Rain, which was based on his album. The movie’s song score won Prince an Academy Award for best original song score. Prince won seven Grammy awards and in 2004 was inducted into the Rock and Roll Hall of Fame.He also wrote songs released successfully by other artists, such as Manic Monday released in 1986 by the Bangles and Nothing Compares 2 U released in 1990 by Sinéad O’Connor.

The Minnesota Star Tribune reported an autopsy will be conducted to determine Prince’s cause of death.

Tuesday, March 13, 2007

According to Russia’s Federal Atomic Energy Agency (RosAtom) further progress on Iran’s Bushehr nuclear power plant, which Russia has been working to complete, will be delayed because Iran fell behind in the payment schedule.

The decision threatens to put Iran’s atomic project in jeopardy, just as it faces the threat of more UN sanctions over its controversial nuclear program.

“The fact is that there is no money, and it is impossible to construct without money,” RosAtom spokesman Sergei Novikov told Interfax News Agency. Iran suspended payments on January 17 and “therefore, our Iranian partners should not be surprised by an extension of the deadline for the launch of the first unit at Bushehr,” he said.

Under an agreement reached last September, Russia was to deliver nuclear fuel to Bushehr in March and the power station would open in September and begin generating power in November.

When the payment delay was first reported in February Mohammad Saeedi, the deputy head of the Atomic Energy Organization of Iran, denied that Tehran had been late in making payments. “Iran has had no delay whatsoever in making payments for the Bushehr nuclear power plant,” Mr. Saeedi was quoted as saying by Islamic Republic News Agency. Mr. Novikov said the Iranians blamed the delay on the need to switch payments from dollars to euros.

The announcement from RosAtom came after talks between Russian and Iranian officials last week in Moscow failed to reach agreement on the dispute over funding.

Sunday, October 28, 2007

Whether the Civil War, World War II or the Iraq War, it can be challenging to face how conflict penetrates the psyche of a nation and surfaces in the nuances of life. There are thousands—if not millions—of individuals who indulge in fantasies others would deem perverse that have their nascence in some of the darkest moments of human history. It is possible someone you know pays a person to dress like a German Nazi to treat them like a “dirty Jew”, or to force them to pick cotton off the floor like a slave.

An S&M dungeon is a place where these individuals act out such taboos. Businesses that operate to meet their needs are often hidden, but they do exist and are typically legal. The clients want to remain confidential for fear of ostracism in their respective communities. As Sigmund Freud wrote, “Anyone who has violated a taboo becomes taboo himself because he possesses the dangerous quality of tempting others to follow his example.”

Last week Wikinews published the first in a two part series on the BDSM business: an interview with Bill & Rebecca, the owners of Rebecca’s Hidden Chamber. This week we publish the second part: an interview with three dungeon employees, Mistress Alex, Mistress Jada and Mistress Veronica. In their world, BDSM is a game, a harmless pursuit of roleplaying exercises that satiate the desires of the tabooed. These Dominatrixes are the kind of women men fantasize about, but they all look like they could be babysitting your children this Saturday night. Most likely, they will not be.

Mistress Alex has a distinctive sheen when David Shankbone walks into the room. Her moist skin cools quickly from the blow of the air conditioner she stands in front of. Just having finished an hour and a half session, she is dressed in a latex one-piece skirt and matching boots. Mistress Jada, a shapely Latina dressed in red, joins the conversation and remains throughout. When Alex needs to tend to a client, Mistress Veronica, who looks like she would be as comfortable teaching kindergarten as she would “tanning a man’s hide”, takes over for her.

The interview was neither sensational nor typical, but what you read may surprise, repulse, or even awaken feelings you never knew you had. Below is David Shankbone’s interview with three Dominatrixes.

Thursday, February 24, 2005

A paste containing synthetic tooth enamel can seal small cavities without drilling. Kazue Yamagishi and colleagues at the FAP Dental Institute in Tokyo say that the paste can repair small cavities in 15 minutes.

Currently, fillers don’t stick to such small cavities so dentists must drill bigger holes. Hydroxyapatite crystals, of which natural enamel is made, bond with teeth to repair tiny areas of damage.

Yamagishi and colleagues have tested their paste on a lower premolar tooth that showed early signs of decay. They found that the synthetic enamel merged with the natural enamel. The synthetic enamel also appears to make teeth stronger which will improve resistance to future decay. As with drilling, however, there is still the potential for pain: The paste is strongly acidic to encourage crystal growth and causes inflammation if it touches the gums.

The paste is reported in the journal Nature.

Thursday, May 11, 2006

The Australian House of Representatives heard the traditional right-of-reply to the Budget released May 9, from the Australian Labor Party, led by Kim Beazley (Labor, Brand), plus Budget replies from minor parties in the Australian Senate.

While the Budget is politically popular, having as one of its main features significant tax reform, Beazley focused on the omissions in the Budget, such as the failure to address a skills shortage.

Thursday, August 16, 2007

The name Robert Cailliau may not ring a bell to the general public, but his invention is the reason why you are reading this: Dr. Cailliau together with his colleague Sir Tim Berners-Lee invented the World Wide Web, making the internet accessible so it could grow from an academic tool to a mass communication medium. Last January Dr. Cailliau retired from CERN, the European particle physics lab where the WWW emerged.

Wikinews offered the engineer a virtual beer from his native country Belgium, and conducted an e-mail interview with him (which started about three weeks ago) about the history and the future of the web and his life and work.

Wikinews: At the start of this interview, we would like to offer you a fresh pint on a terrace, but since this is an e-mail interview, we will limit ourselves to a virtual beer, which you can enjoy here.

Robert Cailliau: Yes, I myself once (at the 2nd international WWW Conference, Chicago) said that there is no such thing as a virtual beer: people will still want to sit together. Anyway, here we go.

Thursday, June 29, 2006

The United States Federal Reserve has announced an increase of 25 basis points (0.25%) in the federal funds rate bringing it to 5.25 percent. It also announced its approval of a 25 basis point increase in the discount rate to 6.25 percent.

The federal funds rate is the interest rate at which depository institutions such as banks lend balances they maintain at the Federal Reserve (called federal funds) to other banks overnight. The discount rate is the interest rate that an eligible bank is charged to borrow short term funds directly from the central bank through the discount window.

In its statement, the Fed said that growth is moderating from its quite strong pace earlier in the year, which it partly attributed to a cooling of the housing market and the delayed effect of increases in interest rates and energy prices. The Fed noted that inflation measures were “elevated” in recent months and that while productivity gains have held down increases in labor costs and inflation expectations “remain contained”. However, it pointed out that high levels of resource utilization and high energy and commodity prices have the potential to sustain inflation pressures.

In its outlook over its future moves, the Fed statement said “Although the moderation in the growth of aggregate demand should help to limit inflation pressures over time, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.”