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.”

Saturday, September 15, 2007

Nervous savers have re-formed queues this morning outside many branches of Northern Rock, after the £2.68 billion bank took an emergency loan from the Bank of England, the UK central bank.

Shares in the bank had dropped 25% by lunchtime yesterday in London – and stood nearly 60% lower from their high of February – after the Bank of England acted in its capacity as “lender of last resort” to provide Northern Rock with short-term financing to enable it to continue operations.

The Bank of England hasn’t acted as lender of last resort since 1973, when the collapse of Cedar Holdings – a pioneer of second mortgages to UK home-owners – threatened a crisis in the country’s banking industry.

Northern Rock has been hit hard since June this year by the turmoil in world credit markets. Although only 0.24% of its assets are exposed to subprime US housing debt, the bank’s business model saw it grow its loan book by 43% in the first six months of this year. Rather than lending money deposited with it by savers, Northern has borrowed aggressively in the short-term capital markets.

“Northern Rock is not a reckless lender,” said Angela Knight, head of the British Bankers Association on national radio this morning. Urging the bank’s savers not to withdraw their money in panic, “the mortgage lending it does well and it does in a high quality, high calibre way,” she added.

But savers queuing to withdraw their money from Northern Rock today said they were “horrified” by the Bank of England needing to step in.

“I am going to take out the lot, every penny,” said one Northern Rock saver to Bloomberg as he queued outside the bank’s West End branch in London.

Tuesday, February 12, 2008

The 2008 Taipei International Book Exhibition (TIBE 2008), organized by the Taipei Book Fair Foundation (TBFF), will start tomorrow and end next Monday (Feb. 18) at the Taipei World Trade Center in Hall 1 & 3 and in the Taipei Show (TWTC Hall 2). Before the opening of the main show, the TIBE changed significantly.

Since the Preview Exhibition was held in 1992 in Jhonghe City, Taipei County with the “History of books in China” theme, the preview exhibition wasn’t eventually held before the main show every year.

This pre-main-show exhibition style was replaced by a consuming battle between bookstores from actual to virtual (via Internet) and reading festivals from municipal libraries in Taiwan that the Ministry of Education of the Republic of China promoted. But in 2008, after the TBFF was regrouped last year, the preview exhibition finally returned on Feb 2 & 3 with the “Book Market” and “Arts and Crafts” in the Huashan Culture Park, Taipei. With the preview exhibition, the reading population is expected to expand rapidly and widely in Taiwan.

To gather on different cultures, the TBFF not only arranged a variety of seminars from book-cover designing, changes of publishing industry, publishing style, and strategies from global publishing industry, but also invited executives from the publishing industry worldwide such as Michel Le Bris, Gilles Lapouge, Shaun Tan, Markus Zusak, Tony Wheeler, and Maruen Wheeler and executives from the Frankfurt Book Fair.

Apart from seminars and executives, the Stiftung Buchkunst (Book Art Foundation) will showcase several awarded books from “Giant of Japanese Design” and some book design awards in the “Most Beautiful Book Designing” pavilion. Two book design awards by TBEE named the “2008 TIBE Prize” and “2008 Golden Butterfly Award” will be successively announced on Feb 13 & 14.

Not only on book-designing and pavilions, even though Australia was named as the main international pavilion, the TBFF chose the opening movie “What My Eyes Have Seen” from France and a closing movie named “The Edge of Heaven“ from Germany, those selected movies including the opening and closing ones will be screened at the movie pavilion. The Travel Literature Pavilion will show a different style varied from the 2007 Taipei International Travel Fair, not only just about traveling but also mixed with cultures and literature.

See the discussion page for instructions on adding schools to this list and for an alphabetically arranged listing of schools.

Due to the damage by Hurricane Katrina and subsequent flooding, a number of colleges and universities in the New Orleans metropolitan area will not be able to hold classes for the fall 2005 semester. It is estimated that 75,000 to 100,000 students have been displaced. [1]. In response, institutions across the United States and Canada are offering late registration for displaced students so that their academic progress is not unduly delayed. Some are offering free or reduced admission to displaced students. At some universities, especially state universities, this offer is limited to residents of the area.

Thursday, February 22, 2007

The 15th Annual Elton John AIDS Foundation (EJAF) party will mark the Academy Awards 2007 to take place this Sunday, February 25th.

The event will be held at the Pacific Design Center in West Hollywood, Los Angeles. Sir Elton John and David Furnish will co-host the party. As for this year’s sponsors – Audi, Chopard and VH1 have offered the Elton John Foundation their support. The Grammy nominated rock singer, James Blunt, has been invited to perform at the event.

The annually held gala is found among the major fund-raising events organized by the Foundation. Taking place on the Oscar Night, the party is also aimed to attract international attention towards the fight against AIDS and promote people’s awareness of the terrifying disease. During the period of the last 14 years the event has raised about $ 125 million to support the Foundation in its activities against AIDS, in particular HIV/AIDS prevention and special direct service programs implemented in 55 countries of the world.

The party to be held for the 15th time this year will include a big expanded dinner, live auction and musical performance. Among the guests of the party there will be entertainment community celebrities, Hollywood stars and Oscar winners, as well as the music industry representatives.

Antony Todd, the leading designer of Antony Todd Inc. based in the New York City and involved into special event-designing, has been commissioned to turn Outdoor Plaza of the Pacific Design Center into to a festive arena staged in a designer rectangular tent.

Friday, January 10, 2020

On Tuesday, the Greek prime minister Kyriakos Mitsotakis reasserted the openness of the EastMed project, which is aimed at connecting the Eastern Mediterranean gas fields with the European mainland via a pipeline through contested waters.

In his Tuesday live-streamed talk at the United States think tank Atlantic Council’s Washington headquarters, Mitsotakis reaffirmed that the EastMed project, which currently involves Greece, Cyprus and Israel, is open for other countries to join. “We don’t seek to exclude anyone from energy cooperation in the Eastern Mediterranean provided they respect international law”, he said, repeating his January 2 remarks made on the EastMed signing ceremony.

He also commented on the Turkish-Libyan maritime border agreement, calling it “null and void” and “geographically ridiculous”. “The agreement assumes that our islands, including our biggest island Crete, does not have an exclusive economic zone, which goes against everything we know in international law”, he added. He also noted that the Libyan House of Representatives rejected the demarcation, and that Greece and Turkey might end up before International Court of Justice in the Hague if talks would fail. Mitsotakis underlined they keep channels to Turkey open for dialog and that he would be “very-very happy if Turkey were to reconsider its overall approach”.

Later on Tuesday Mitsotakis met with the International Monetary Fund, then with President Trump, where he denounced the border agreement again. In regard of clashing exclusive economic zone claims, he noted “it is important to point out that the agreement signed between Turkey and Libya infringe upon Greece’s sovereign rights”.

On last Thursday, the delegations of Cyprus, Greece and Israel had met for their seventh trilateral summit, that time in Athens at the Zappeion Hall, to sign an agreement to construct the EastMed pipeline by 2025. The meeting was attended by Israeli prime minister Benjamin Netanyahu and energy minister Yuval Steinitz, Greek prime minister Kyriakos Mitsotakis and energy minister Konstantinos Hatzidakis, and Cypriot president Nicos Anastasiades and energy minister Georgios Lakkotrypis. The agreement was signed by the energy ministers. Greek daily Kathimerini said Greece and Cyprus had to speed up to counter possible Turkish interference with the project.

Earlier that day, the Greek gas producer Energean signed a letter of intent on selling two billion cubic meters of gas per year to the Greek gas supplier DEPA. The planned pipeline capacity is 10 billion cubic meters per year. Energean has committed 1.7 billion dollars in the Karish and Tanin fields.

With this forming of political and economic alliance with Hellenic countries, Netanyahu envisioned the pipeline to end their “fringe country” status. Netanyahu called on Italy and Egypt to join the project, adding “We call on any other country that wishes to join us to do so”. In Cyprus, the ruling Democratic Rally in Cyprus hailed the pipeline as an advancement in the nation’s sovereignty. Progressive Party of Working People, the main opposition force, underlined that the agreement is only a legal framework, and actual construction is in the hands of still undecided private investors. Turkish Foreign Ministry spokesman Hami Aksoy underlined Turkish and Turkish Cypriot mining rights in the region, and projected a failure if these would be overlooked.

Otranto, Italy is a proposed end point for the pipeline, and Italian economic development minister Stefano Patuanelli sent a letter of support prior to the signing, but the minister said they are to build another pipeline to Igoumenitsa, Greece. The United States expressed its support via the December 20 signing of the Eastern Mediterranean Bill, a July 25 quadrilateral meeting in Washington, and sent Secretary of State Mike Pompeo to join the trilateral meeting of EastMed countries on March 20 last year. The EU partially funded the feasibility studies, as it considers the EastMed pipeline to be a Project of Common Interest (PCI), ending the energy isolation of Crete and Cyprus, and diversifying the gas supply of Europe, when completed.

In December, a Turkish official said that the trans-Anatolian pipeline, which is already up and running, renders the EastMed building effort unnecessary, Cyprus Mail reported. On November 27, Turkey and Libya signed a maritime border agreement, according to which a section between Crete and Cyprus would cross the Turkish economic zone. Athens expelled the Libyan ambassador to Greece over this issue. Turkey maintains a position that only Northern Cyprus, which is recognized only by Turkey, has the right to the exclusive economic zone around the island. Because of its drilling operations there, Turkey is already under EU sanctions, and was condemned in a joint statement by Egypt, Greece and Cyprus on October 8.

In 2017, a memorandum of understanding about the pipeline was signed between Cyprus, Greece and Israel.

According to the Cyprus Mail, the 2000 km long pipeline is to connect the fields with Crete, the Greek mainland, and would end in Otranto, Italy. The May 2019 map of gas routes by Gas Infrastructure Europe draws the pipeline between the Aphrodite gas field and Thesprotia, Greece, where it merges with the Poseidon line en route to Italy.

Alex Lagakos, deputy director of the Greek Energy Forum, said the project has a geopolitical significance rather than an economic one. He called it unlikely that the EU would finance the project, as it has committed itself to green energy. The estimated cost is six billion euros, but the saturation of the gas markets and competition from liquid natural gas (LNG) terminals are likely to keep private investors away, he noted. Egypt has two usable terminals in the Nile-Delta, in Damietta and Idku. On September 19, 2018, Cyprus and Egypt had signed an alternative deal to export Aphrodite gas through these ports via a new pipeline.

Haifa University geostrategy expert and former Israeli security official, Avinoam Idan, said the new EastMed supply can’t be considered a significant geopolitical change to Europe’s energy market, as it would not affect the market share of Russian gas. In the analysis of the German Institute for Economic Research, the high costs and technical challenges render the project unrealistic.

During the trilateral meeting of Cyprus, Greece and Israel on January 28, 2016, the then-envisioned EuroAsia Interconnector was considered as an alternative route to export the gas as electricity. The 1000 megawatt underwater cable connecting the three power grids is to be completed by December 2023. The estimated cost is 2.5 billion euros, and the EU considers it a PCI. EuroAfrica Interconnector, a similar project between Greece, Cyprus and Egypt, is also in its planning stage.