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Friday, May 9, 2008

The price of oil per barrel has risen to a new all time high. During trading in Asia and in London, England the price of NYMEX Crude oil futures, per barrel, was at US$124.34 (22:07 eastern time) setting a new record high. Brent Crude oil also hit a new record high of US$122.84, but soon retreated to $121.79.

Several factors, including a weaker U.S. dollar and worries on the world supply, have caused the price of oil to skyrocket in the past week.

Despite worries, OPEC states that supply is currently meeting the current demands and there is currently no shortage of oil.

“There is clearly no shortage of oil in the market. OECD commercial oil stocks remain above the five-year average, with days of forward cover at a comfortable level of more than 53 days. US crude inventories, meanwhile, rose by almost six million barrels last week, which is a further indication that oil supplies are plentiful,” stated OPEC in a statement on its website.

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

Tuesday, November 6, 2007

After a series warm-up matches at Hualien, Kaohsiung, and Taichung, the special “Charity and Kids Running” event came back to Taipei yesterday at Taipei Municipal Datung Senior High School. Before the event, John Wylie (President & CEO of ING Antai) encouraged citizens in Taiwan to add their signatures to the “Charity Ambassador of ING Taipei Marathon” on the official website of the 2007 ING Taipei Marathon and hoped this competition will renew the scale of participation again next month.

Taipei City Government, the main organizer of 2007 ING Taipei Marathon, invited running experts, ING Running Club delegates, athletes of 2009 Summer Deaflympics, and blind-visual runners (approximately 18 runners) split up into 3 teams (ING Antai Running Team, Taiwan Marathon Scud Team, Taipei City Government Runners Team) for charity funds to Taiwan Foundation For Rare Disorders, Chinese Taipei Blind-Visual Road Running Association, and Foundation of 21st Summer Deaflympics Organizing Committee in this 6-people relay competition. Finally, ING Antai Running Team won this competition.

After the charity race to benefit charity organizations and media in Taiwan, ING Antai held “a lap within one minute” special challenge for the Basketball Team of Taipei Municipal Songshan Senior High School. With their excellent performance, the team succeeded in meeting this challenge.

At the end of the event, ING Antai invited 24 elementary schools from Taipei City to the “Kids’ Running Championship”. Before this event, some participants even won good places at Hualien, Kaohsiung, and Taichung warming-up running matches. Due to the actual strength of participants were too close, the organizer decided to split 4 sections by a group draw. Finally, Dong-hu Elementary School won the champion and qualified the main competition.

According to ING Antai, the sum of Charity Fund of ING Taipei Matathon was multiplied between numbers of finished runners and total running mileage with different groups and added from donations at this event. By the way, Deputy Secretary General of Taipei City Government (TCG) Yong-jen Chen talk to Wikinews Reporter Brock and remarked: “The traffic quality of ING Taipei Marathon will be progressively accepted after the criticism by foreigners at 2004 & 2005. With several coordination between supervisors, organizers, and sponsors, we (TCG) promised participants and runners for a great traffic condition at 2007 ING Taipei Marathon.”

Sunday, September 8, 2013

File:Prof. Scott Lucas 1.jpg

The United States President Barack Obama announced last Saturday he was seeking Congressional authorisation for military intervention in Syria.

Looking for more-qualified input, Wikinews interviewed: professor Scott Lucas, an expert in American Studies, from the UK’s University of Birmingham; the President of the International American Council on the Middle East, Majid Rafizadeh; and, professor Eyal Zisser, a Syrian expert, from Tel Aviv University.

Discussing the risks involved with US military intervention in Syria, Wikinews posed a range of questions to these experts on the region’s political climate.

((Wikinews)) Is it possible for the US to take military action to deter further use of chemical weapons without getting dragged into the civil war?

• Prof. Scott Lucas: The US is already involved in the civil war — the question is to what extent.

The US has given political support to the opposition and insurgency since late 2011, and from summer 2012, it has pursued covert support to the opposition fighters.

However, the Obama Administration has been hesitant about overt support for insurgents throughout the conflict, and that has affected co-ordination of covert efforts. In June, the Administration finally said it would provide overt military assistance, but then pulled back and failed to deliver any public aid.

Had it not been for the August, 21 chemical weapons attack, that position would have persisted.

• Majid Rafizadeh: It depends on the scope of the military operation. If United States conducts limited military operation, as the adminstration argues, and if US only targets some of the Syrian government’s military installments, it is less likely that United States will be drawn into the Syria’s civil war. It would be a political suicide for Syria, Iran or Hezbollah to respond.

On the other hand, if Assad observes that the balance of power is tilting against him inside the country, he might use chemical weapons in the future despite US limited strikes.

• Prof. Eyal Zisser: Yes, it[sic] the attack is limited. And If the Americans only use missiles. They can cause severe damage, but leave Assad in his palace, and not being dragged into the civil war.

((WN)) Will military intervention from the US affect long term relations between the United States and Russia?

• SL: Of course, significant military intervention by Washington will affect relations between the US and Russia, but the long-term effect cannot be predicted.

It is dependent on Russia’s reaction — so far, Moscow has been able to pressure the US into caution, but a decision for intervention by the US might call Russia’s bluff, so to speak, and force some caution by the Russians. Already, Moscow has said it will not join a fight against any US military action.

And, of course, the long-term relationship is dependent on the political and military success of any US intervention.

• MR: Military intervention, in the classic sense of putting troops on the ground, will definitely affect US-Russian long term political relationships. It might heighten the diplomatic tensions. However, the limited military operation is less likely [to] change US-Russian long term economic, geopolitical, and political relationships.
• EZ: No. They need each other in many other places of the world. Russia knows that the US is a super power and will not be interested in a real conflict with Washington.

((WN)) The British Parliament voted against military intervention in Syria, do you think this has affected their relations with the United States?

• SL: No — had the Obama Administration been united and decisive for intervention, there might have been some effect. But the Obama Administration’s divisions mean its first priority is getting some coherence in Washington, rather than blaming London.
• MR: I don’t think so. I believe that [the] UK has been [the] staunchest ally of the United States for decades. One instance of opposing parliamentary vote will not have impact on US-UK relations.
• EZ: Maybe. But Britain is not an important power any more, so the affect will be only in the symbolic field.

((WN)) Russian President Vladimir Putin has said Russia could back Syrian intervention if there was conclusive proof of regime guilt. What sort of evidence would be needed and can this level of assurance be given?

• SL: This is not a scientific question — we already have extensive evidence establishing the near-certainty of major regime attacks with chemical weapons on 7 towns on August 21.

Putin’s statement was a political move: it ostensibly re-confirmed the Russian opposition to US intervention while giving Moscow a way to step back if the UN inspectors return a damning report.

• MR: It is difficult, if not impossible, to provide Moscow with the evidence that they are looking for. In order to provide that specific information several criterions should be met. First of all, the soil of the location where the alleged chemical weapons are used, should immediately be examined after the incident. The Syrian government has not allowed immediate access to these places and usually reports come out days after. Second, and more fundamentally, a concrete and observable evidence is needed for Russia showing that Assad’s government has used it as opposed to the rebels.
• EZ: No the Russians are not after the truth but after their interests even if Assad admits that he used such weapon the Russians will be against any intervention.

((WN)) Would US military intervention on Syria be a violation of International law?

• SL: This is a grey area, especially as there will not be an endorsement by the United Nations Security Council. Supporters of the action say it can be justified under the recent doctrine of humanitarian intervention, but that is more a political rather than legal judgement.
• MR: Legally speaking, it is [in] violation of [the] United Nations Charter. According to [the] UN Charter, use of force is permitted only in case of self-defense or UNSC’s [United Nations Security Council] approval. Neither of these two cases apply for US use of military force against Syria. However, this does not mean that our current international law is devoid of any shortcomings. The International system has some shortcomings because of the structure of the UNSC, where one member can veto a resolution and block actions.
• EZ: Technically — yes because they did not get an approval from the UN.

((WN)) Does the United States seem to be wanting to engage in regime change in Syria as opposed to preventing further chemical attacks?

• SL: No, the Obama Administration has been uncertain about — and many of its members opposed to — regime change, and that is still the situation. The military, in particular, is opposed to significant, long-term intervention because of its concerns over a fragmented, diverse opposition and what happens if Assad falls.
• MR: If there was an efficient alternative to Assad, US would have seen the regime change to its political benefits and interests. However, United States does not seem to have articulated any precise agenda towards Syria yet. The policy is more ” Wait and See” policy; observing and reacting as things unfold in Syria and the region.
• EZ: No Obama does not want it, he finds himself being dragged into a war he has no interest in.

Friday, April 20, 2007

Around 1:40 p.m. CDT, NASA employees reported that two shots were fired in the NASA Building 44 in the Johnson Space Center in Houston, Texas. A SWAT team later reported that Bill Phillips, a contract engineer with Jacobs Engineering, had killed David Beverly as well as himself, leaving a female hostage physically unharmed.

Phillips entered a conference room with gun drawn and ordered all but one person out. Phillips barricaded himself on the second floor of the two-story building, with David Beverly and another female hostage. The building was evacuated and police were summoned. NASA security, Houston police and a SWAT team were on the scene.

Houston news reported at 5:22 p.m. CDT that Bill Phillips, the gunman, and David Beverly, the hostage, were both dead. Police reported that the SWAT team heard one shot and decided to engage, but before they reached the room they heard another shot. When SWAT reached the scene, the male hostage was dead from a bullet to the chest, the gunman was dead from a bullet to the head, and the female hostage, Fran Cranshaw, was gagged and bound to a chair with duct tape, but was otherwise unharmed.

All NASA employees had first been warned to stay in their buildings but were later told by NASA they were free to go home if their working day was over. Mission Control locked its doors during this incident, as this is a standard procedure in such situations. No NASA Mission has been affected by this incident, according to NASA.

In the first press conference, police said that communication to the gunman had not yet been established, but that negotiators had already tried it two times unsuccessfully.

The motive of the hostage-taking, and whether the three people had any connection to each other, is currently under investigation.

The Houston Chronicle reports that last month Phillips had received one e-mail from his employer, Jacob engineering Inc., “describing problems with his work and offering suggestions on improvement.” Jacobs printed that e-mail on March 18, the same day he bought the 38-caliber gun that police suspect was used in the shooting.

Despite reassurances by Cranshaw and Beverly, Phillips would not believe that management was not going to fire him, according to Cranshaw. During the 3-hour standoff, Phillips used a dry-erase board in the room indicating he was tired of being called “stupid,” police said last Saturday.

Michael Sampson, the co-manager of the space agency’s Electronic Parts and Packaging Program, who had known Beverly for ten years, described him as friendly, peaceful person, with a positive attitude to his co-workers.

Relatives describe Phillips as a loner who always kept to himself. He had lost his father in 2003, but had decided not to return to his hometown in Tennessee. Smith, a cousin of Phillips, remarked that in the Christmas card he had received from him last year, Phillips said that he was feeling lonely and without family, but nothing in the card suggested anything so tragic.

Thursday, June 23, 2011

NASA’s Cassini–Huygens spacecraft has discovered evidence for a large-scale saltwater reservoir beneath the icy crust of Saturn’s moon Enceladus. The data came from the spacecraft’s direct analysis of salt-rich ice grains close to the jets ejected from the moon. The study has been published in this week’s edition of the journal Nature.

Data from Cassini’s cosmic dust analyzer show the grains expelled from fissures, known as tiger stripes, are relatively small and usually low in salt far away from the moon. Closer to the moon’s surface, Cassini found that relatively large grains rich with sodium and potassium dominate the plumes. The salt-rich particles have an “ocean-like” composition and indicate that most, if not all, of the expelled ice and water vapor comes from the evaporation of liquid salt-water. When water freezes, the salt is squeezed out, leaving pure water ice behind.

Cassini’s ultraviolet imaging spectrograph also recently obtained complementary results that support the presence of a subsurface ocean. A team of Cassini researchers led by Candice Hansen of the Planetary Science Institute in Tucson, Arizona, measured gas shooting out of distinct jets originating in the moon’s south polar region at five to eight times the speed of sound, several times faster than previously measured. These observations of distinct jets, from a 2010 flyby, are consistent with results showing a difference in composition of ice grains close to the moon’s surface and those that made it out to the E ring, the outermost ring that gets its material primarily from Enceladean jets. If the plumes emanated from ice, they should have very little salt in them.

“There currently is no plausible way to produce a steady outflow of salt-rich grains from solid ice across all the tiger stripes other than salt water under Enceladus’s icy surface,” said Frank Postberg, a Cassini team scientist at the University of Heidelberg in Germany.

The data suggests a layer of water between the moon’s rocky core and its icy mantle, possibly as deep as about 50 miles (80 kilometers) beneath the surface. As this water washes against the rocks, it dissolves salt compounds and rises through fractures in the overlying ice to form reserves nearer the surface. If the outermost layer cracks open, the decrease in pressure from these reserves to space causes a plume to shoot out. Roughly 400 pounds (200 kilograms) of water vapor is lost every second in the plumes, with smaller amounts being lost as ice grains. The team calculates the water reserves must have large evaporating surfaces, or they would freeze easily and stop the plumes.

“We imagine that between the ice and the ice core there is an ocean of depth and this is somehow connected to the surface reservoir,” added Postberg.

The Cassini mission discovered Enceladus’ water-vapor and ice jets in 2005. In 2009, scientists working with the cosmic dust analyzer examined some sodium salts found in ice grains of Saturn’s E ring but the link to subsurface salt water was not definitive. The new paper analyzes three Enceladus flybys in 2008 and 2009 with the same instrument, focusing on the composition of freshly ejected plume grains. In 2008, Cassini discovered a high “density of volatile gases, water vapor, carbon dioxide and carbon monoxide, as well as organic materials, some 20 times denser than expected” in geysers erupting from the moon. The icy particles hit the detector target at speeds between 15,000 and 39,000 MPH (23,000 and 63,000 KPH), vaporizing instantly. Electrical fields inside the cosmic dust analyzer separated the various constituents of the impact cloud.

“Enceladus has got warmth, water and organic chemicals, some of the essential building blocks needed for life,” said Dennis Matson in 2008, Cassini project scientist at NASA’s Jet Propulsion Laboratory in Pasadena, California.

“This finding is a crucial new piece of evidence showing that environmental conditions favorable to the emergence of life can be sustained on icy bodies orbiting gas giant planets,” said Nicolas Altobelli, the European Space Agency’s project scientist for Cassini.

“If there is water in such an unexpected place, it leaves possibility for the rest of the universe,” said Postberg.