US stock markets tumble on ‘Black Monday’ anniversary

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US stock markets tumble on ‘Black Monday’ anniversary
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Saturday, October 20, 2007

This article features in a News Brief from Audio Wikinews:

Some say history tends to repeat itself. Today marked a day in history, when 20 years ago, the United States Dow Jones Industrial Average market crashed, on what is known as ‘Black Monday‘. The crash sent the market tumbling down 508 points, losing nearly 24%. On Friday, the Dow Jones nearly broke that record when the market closed at -366.94 points, down almost three percent.

Several factors could be to blame for the loss, one being Turkey’s government approving a measure on October 18 to send Turkish troops into Iraq in an attempt to take out militants of the Kurdistan Workers Party (PKK). This sent oil prices skyrocketing to the highest prices in history, with the highest record being just over US$89.00, which was set on October 18.

Fears that the housing market in the U.S. has come to a standstill has also lead Caterpillar Inc., which manufactures and sells construction equipment to issue a warning that the standstill would cause profits to drop, and the American economy to be severely hurt. On Friday their stocks lost nearly six percent to close at $73.57.

Investors and experts of the markets are disturbed by the losses calling the situation ugly.

“It’s pretty ugly. A company like Caterpillar should be a poster child for global growth and benefits of the weak dollar. It makes you question: Is global growth really that strong? Has the earnings kick from the weak dollar played itself out?” said Bell Curve Trading chief strategy expert, Bill Strazzullo.

Others believe that the losses were a way of emotionally responding to the events of ‘Black Monday.’

“Some of the earnings reports were a little disappointing but not that bad. I think we’re responding emotionally to the 20th anniversary of the October 1987 stock market crash. I’d like to laugh except it hurts,” said T Rowe Price Head trader, Andy Brooks.

The NASDAQ also took heavy losses to close down 74.15 points or -2.64%, closing at 2,725.16. The S&P 500 was also hit hard, losing 39.45 points, or -2.56%, closing at 1,500.63.

Retrieved from “https://en.wikinews.org/w/index.php?title=US_stock_markets_tumble_on_%27Black_Monday%27_anniversary&oldid=1691711”
Uncategorized March 25th 2023

Ontario Votes 2007: Interview with Green Party candidate Gordon Kubanek, Nepean Carleton

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Ontario Votes 2007: Interview with Green Party candidate Gordon Kubanek, Nepean Carleton
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Tuesday, October 9, 2007

Gordon Kubanek is running for the Green Party of Ontario in the Ontario provincial election, in the Nepean-Carleton riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Retrieved from “https://en.wikinews.org/w/index.php?title=Ontario_Votes_2007:_Interview_with_Green_Party_candidate_Gordon_Kubanek,_Nepean_Carleton&oldid=888925”
Uncategorized March 23rd 2023

1 Dollar Hosting Its Affordable For You And Best To Have}

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1 Dollar Hosting Its Affordable For You And Best to Have

by

Mariya

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[youtube]http://www.youtube.com/watch?v=6b8gJNcJDek[/youtube]

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Article Source:

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Real Estate March 23rd 2023

Wikinews interviews Democratic candidate for the Texas 6th congressional district special election Daryl Eddings, Sr’s campaign manager

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Wikinews interviews Democratic candidate for the Texas 6th congressional district special election Daryl Eddings, Sr’s campaign manager
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Tuesday, April 20, 2021

Ron Wright, whose death in February 2021 opened the vacancy. Image: United States Congress.

Wikinews extended invitations by e-mail on March 23 to multiple candidates running in the Texas’ 6th congressional district special election of May 1 to fill a vacancy left upon the death of Republican congressman Ron Wright. Of them, the office of Democrat Daryl Eddings, Sr. agreed to answer some questions by phone March 30 about their campaigns and policies. The following is the interview with Ms Chatham on behalf of Mr Eddings, Sr.

Eddings is a federal law enforcement officer and senior non-commissioned officer in the US military. His experience as operations officer of an aviation unit in the California National Guard includes working in Los Angeles to control riots sparked by the O. J. Simpson murder case and the police handling of Rodney King, working with drug interdiction teams in Panama and Central America and fighting in the Middle East. He is the founder of Operation Battle Buddy, which has under his leadership kept in touch with over 20 thousand veterans and their families. He was born in California, but moved to Midlothian, Texas. He endeavours to bring “good government, not no government”. Campaign manager Faith Chatham spoke to Wikinews on matters ranging from healthcare to housing.

An Inside Elections poll published on March 18 shows Republican candidate Susan Wright, the widow of Ron Wright, is ahead by 21% followed by Democrat Jana Sanchez with 17% and Republican Jake Ellzey with 8% with a 4.6% margin of error among 450 likely voters. The district is considered “lean Republican” by Inside Elections and voted 51% in favour of Donald Trump in last year’s US presidential election. This is down from 54% for Trump in 2016’s presidential election, the same poll stated.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_Democratic_candidate_for_the_Texas_6th_congressional_district_special_election_Daryl_Eddings,_Sr%27s_campaign_manager&oldid=4702085”
Uncategorized March 21st 2023

Major explosions at UK oil depot

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Major explosions at UK oil depot
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Sunday, December 11, 2005

Location of Hemel Hempstead within the UK
A shot of the fire taken near the depot

A series of large explosions have occurred close to Hemel Hempstead Hertfordshire, UK. The source of the explosions has been confirmed as the Hertfordshire Oil Storage Terminal (HOSL), Hemel Hempstead, known locally as the Buncefield complex. Up to 150 fire fighters are reported to be at the scene with 10 fire appliances and 1 specialist foamer.

The first ‘blast’ was heard near Hemel Hempstead on Sunday 11 Dec at 6 am. Further smaller explosions followed at 6:24am , 6:26am, 6:30am. BBC News 24 reported an additional, fourth large explosion. Hertfordshire Police Constabulary are currently treating the explosion as an accident.

Reports say the explosion, which registered 2.4 on the Richter scale, was heard as far away as Oxford, and Whitehall, Central London which is 60km (38 miles) away. Eyewitness statements report that the explosion was heard from at least 160km (100 miles) away and as far away as France and The Netherlands. Pilots reported noticing the blast from the North Sea and the West Country area of the UK. The M1 motorway which runs close by has been closed in both directions near the blast which is causing travel chaos as other roads become congested.

Malcom Stewart, a BBC News24 eyewitness who is a tanker driver for the site has reported that the site supplies several oil companies and is a joint operation between Total UK and Texaco, it is also used by BP, Shell and the British Pipeline association. The complex is not a refinery but a storage facility for refined petroleum awaiting distribution to airports and filling stations. The eyewitness reports that the depot has approximately 20 tanks which can hold about 3 million gallons (11 million litres or 70,000 barrels) each. Another News24 eyewitness has just reported that he has seen at least 5 of these tanks on fire.

Satellite image of Hemel Hempstead fuel explosion showing black smoke from the explosion near London

The depot operates on a 24 hour basis and is split into 2 parts – aviation fuel and domestic fuel. A number of eyewitnesses have reported on UK news that the aviation fuel side appears to be the part of the site that has been affected.

Local authorities were not immediately available for comment but there have been reports of casualties.

Some reports on live television state that, “Several other neighbours said they did see a plane go into the depot.” BBC News 24 were also discussing the idea a possible plane crash as the cause of the explosions. Hertfordshire police have now gone on the record to say that there is no plane involved (BBC News24).

The police have issued a contact number 0800 096 0095 and asked that people do not call the emergency services in Hertfordshire directly unless it is an emergency.

Buncefield Fire, taken from Dunsmore, Bucks – about 20miles away.

In addition to being an oil storage depot, it is a major hub on the UK oil pipeline network with pipelines to Killingholme Lindsey Oil Refinery (LOR), Humberside (10 inch), Merseyside (10 and 12 inch), Coryton on the Thames Estuary (14 inch) and Heathrow (6 and 8 inch) and Gatwick airports radiating from it.

The disaster is believed to be the worst explosion at a petrochemical plant in the UK since the Flixborough disaster of 1974.Hertfordshire’s Chief Fire Officer Roy Wilsher said: “This is possibly the largest incident of its kind in peacetime Europe.”

A firefighting press officer said that they are stock piling foam from neighboring regions for a prolonged attach which they hope will stop the spread of the fire, however, the inferno itself will have to burn out which could take between 24 hours and a few days.

Despite the authorities saying that there is no need to panic buy petrol, filling stations have had above average queues since this morning and some small garages have ran out.

Deputy Prime Minister John Prescott has visited the scene.

Smoke Viewed from St Albans
Retrieved from “https://en.wikinews.org/w/index.php?title=Major_explosions_at_UK_oil_depot&oldid=4454020”
Uncategorized March 21st 2023

Women Drive Real Estate Purchases

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By Real Estate Advisor

Women are working more, earning more and buying more than they ever did. Consequently, they have a significant influence on the American economy in general, and the real estate industry in particular.

The collective buying power of US women accounts for about 85 % of all consumer purchases. When it comes to purchasing patterns, women are estimated to make 94 % of home furnishings decisions, 91 % of new homes purchase decisions, and 89 % of travel decisions.

Women’s earnings have accelerated over the last few years and they have emerged as the Chief Purchasing Officers in their households. According to IRS data, women constitute 39 % of the top wealth holders in the country. This means about 2.5 million women possess a wealth of $4.2 trillion put together. Notably, the IRS estimates that by 2050, 42 % of these women will be single or widowed. The IRS further estimates that more wealth is bound to be accumulated among women.

[youtube]http://www.youtube.com/watch?v=fb-6WuvpFlM[/youtube]

Another growing trend that emerged in a December 2006 study by the National Association of Realtors (NAR) was that about 22 % of homes purchased between July 2005 and June 2006 were by single women who were in the 25 to 34 age range. Women accounted for a record number of 1.76 million home purchases (1 in every 5 homes), a significant increase from 14 % a decade ago. Women’s growing success in their careers, higher education, financial independence and a desire to build an early nest on their own, are some of the reasons that have spearheaded this home buying trend.

Among the vast demographic spectrum in the real estate industry, women have become a force to reckon with. Real estate agents are increasingly taking note of their female clients and the power they wield in home buying decisions. By the influence that they bring into play in home buying decisions, women form a significant and growing market that simply cannot be ignored.

If you are considering buying a home, condo, or any other real estate, be sure to seek out the services of a local real estate agent to guide you through this complex process.

About the Author:

San Diego Condos

,

Sabre Springs Real Estate

and

Scripps Rancho Condos

Source:

isnare.com

Permanent Link:

isnare.com/?aid=122409&ca=Real+Estate

Management Software March 17th 2023

World’s first double arm transplant undertaken in Munich

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World’s first double arm transplant undertaken in Munich
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Saturday, August 2, 2008

Image of steps required to complete arm replacement – (Download full sized image) Image: Press Relations, KRdI/TU Munich.

A 54-year-old German farmer who lost both arms in a farming accident six years ago has become the first patient to receive a complete double arm transplant. The patient, whose name has not been released, underwent the operation at the Klinikum rechts der Isar, part of the Technical University of Munich (Technische Universität München), last week; he is said to be recovering well.

The operation lasted 15 hours and was performed by a team of 40 specialists in Plastic Surgery, Hand Surgery, Orthopedics and Anesthesiology, under the direction of the head of the Plastics and Hand Surgery department, Prof. Hans-Günther Machens, Dr. Christoph Höhnke (Head of Transplants, Senior Physician; Plastics and Hand Surgery) and Prof. Edgar Biemer, the former Chief of Plastic Surgery at the Clinic.

In a press statement released by the clinic, it was revealed that the patient had been thoroughly physically checked and had psychological counselling prior to the surgery to ensure he was mentally stable enough to cope with the procedure. Since completion of the surgery, the patient has been on immuno-suppressant drugs to prevent rejection of the new limbs.

Following the surgery, the press release from the clinic’s press manager, Dr. Tanja Schmidhofer, included the following statement:

The flow of blood was [re-]started in intervals of 20 minutes because the anaesthetists had to make sure that the patient would not suffer from the blood flowing back from the transplanted parts. No significant swelling was seen, nor indeed any ischemia (lack of blood flow to the tissues). This is a testament to the surgeons who established a fully functioning blood flow…the main nerves, the Musculocutaneus, Radial and Ulnar nerves were all attached and sewn together, and finally an external fixator was applied, with pins in the lower and upper arms, avoiding the risk of pressure points and sores. The operation was successfully completed after 15 hours.

Without the immuno-suppressant drugs given to the patient, the risk of there being a Graft-versus-Host Reaction or GvHR, would have been significant due to the upper arm containing a large amount of bone marrow, consisting of ICC’s or Immuno-Competent Cells, which would have triggered a near total rejection of the new limbs. A GvHR is a condition which results in the cells from the transplant attacking the immune system of the body.

Indications from the clinic suggest that the double attachment went well, although it could be up to 2 full years before the patient is able to move the arms.

The donor arms came from an unnamed teenager, who is believed to have died in a car accident.

Retrieved from “https://en.wikinews.org/w/index.php?title=World%27s_first_double_arm_transplant_undertaken_in_Munich&oldid=4392779”
Uncategorized March 17th 2023

Building collapses in Manhattan

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Building collapses in Manhattan
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Monday, July 10, 2006

New York City —A four-story building on 62nd Street in Manhattan collapsed after an explosion Monday. Both the White House and New York Fire Department have said the explosion was not caused by a terrorist attack. The New York Fire Department said that the owner of the building, Dr. Nicholas Bartha, might have deliberately caused the explosion in a suicide attempt after a difficult divorce.

Wikipedia
Wikipedia has more about this subject:

According to the latest reports, five people were injured by the blast, one of whom was hospitalised in critical condition. An additional ten firefighters were injured in the following rescue operation. No deaths have been reported.

Most sources give the cause as a natural gas leak that ignited; a ConEd spokesperson said that someone had reported a gas leak to them about one and a half hours before the explosion took place. The resulting fire, which began in the basement, burned strongly for some time, but was later brought under control by firefighters.

Numerous people described the shockwave from the blast as being similar to an earthquake.

Retrieved from “https://en.wikinews.org/w/index.php?title=Building_collapses_in_Manhattan&oldid=4460882”
Uncategorized March 16th 2023

Book review controversy over Daniel Dennett’s ‘Breaking the Spell’

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Book review controversy over Daniel Dennett’s ‘Breaking the Spell’
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Tuesday, March 7, 2006

Professor of philosophy Daniel Dennett’s (Tufts University) new book Breaking the Spell uses the scientific method commonly employed to analyze natural phenomena in order to examine religion. The New York Times February 20th review by Leon Wieseltier, which was strongly negative, has sparked debate about the merits of this approach.

Breaking the Spell attempts to present an understanding of religious memes (pieces of information that can spread from person to person) in the same way as Richard Dawkins approached genetics in his selfish gene theory. Dennett’s book presents the point of view of an individual religious meme, in competition with other memes, trying to maximize its own successful spread.

Wieseltier objects to Dennett’s “meme’s eye view” analysis as “scientism”, claiming that “Dennett lives in a world in which you must believe in the grossest biologism or in the grossest theism, in a purely naturalistic understanding of religion or in intelligent design, in the omniscience of a white man with a long beard in 19th-century England or in the omniscience of a white man with a long beard in the sky.” Not all aspects of human life can or should be illuminated by scientific methods, claims Wieseltier.

Dennett responded that this criticism followed a pattern of recent “stunts” by the New York Times book review: “When you can’t stand the implications of some scientific discipline X, but can’t think of any solid objections, you brand them instances of the sin of Xism and then you don’t have to take them seriously!” He continues to state that “the very idea of an intensive scientific exploration of religion so upsets Wieseltier that he resorts to flagrant falsehoods — and doesn’t even bother supporting his claims with citations.”

Wieseltier also criticizes several of Dennett’s quotations of fellow philosophers, including David Hume, William James, and personal friend of Dennett’s Thomas Nagel.

Brian Leiter, a professor of philosophy at the University of Texas, also objects to Wieseltier’s claim that some aspects of human life can not be illuminated by a scientific approach. “‘The view that science can explain all human conditions and expressions, mental as well as physical’ is not a ‘superstition’ but a reasonable methodological posture to adopt based on the actual evidence, that is, based on the actual expanding success of the sciences… during the last hundred years,” writes Leiter. [1]

Dennett is eager for the religious to read Breaking the Spell, and spends the first third of the book motivating and justifying his project; this may have had bearing on the Times’ selection of reviewers.

Both the selfish gene theory and the idea of memes were originally popularized by Professor Richard Dawkins (University of Oxford, Biologist), in his book The Selfish Gene. The selfish gene theory is the most widely accepted basis for mathematical models in evolutionary biology, as it has repeatedly correctly modeled various problematic situations, such as gender ratios in insect species with haploid males.

Daniel Dennett is among the most widely read living philosophers, highly regarded for the diversity of his academic contributions. Many of his popular works concern evolution, memetics, and human thought.

Retrieved from “https://en.wikinews.org/w/index.php?title=Book_review_controversy_over_Daniel_Dennett%27s_%27Breaking_the_Spell%27&oldid=1987208”
Uncategorized March 16th 2023

Been Turned Down Elsewhere Then Go For Approved Car Finance

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By Louis Rix

When it comes to getting a loan if you have a poor credit history and your rating is low then the chances of someone saying ‘yes’ to a loan is like looking for a needle in a haystack. However if this is the case then all is not lost and you could still own the car of your dreams if you apply to a specialised website for approved car finance.

A website that specialises in approved car finance loans is your best bet if you have been turned down for a loan in the past. By applying for approved car finance you won’t be able to take advantage of the cheapest rates of interest and if you look around for the loan yourself then the chances are that you will be paying a lot more than you would have if you had chosen to go with a specialist site that deals in approved car finance.

[youtube]http://www.youtube.com/watch?v=05t7kIDtCjQ[/youtube]

A website that specialises in this type of finance will be able to look around on your behalf to ensure that they do get you the best deal on approved car finance; they will have the expertise of dealing in such types of loans and as such can do so quickly and easily.

There are many reasons why your credit rating can be affected and sometimes it can be simply due to errors in the system, always check your credit report and have it amended if this is the case, but applying for approved car finance might be your only and best option, as correcting a poor credit rating can take some time.

Always go with a specialist website to find your loan for you because they can still save you money on approved car finance even if this is the only option left available to you when it comes to buying your new car.

About the Author: Louis Rix is a Director of NetCars, one of the UK’s leading motoring websites. First established in January 2000, its mission is to become the number one site for used car searches. NetCars also provide car loans, car finance and insurance.

Source: isnare.com

Permanent Link: isnare.com/?aid=181118&ca=Automotive

Law Firm March 15th 2023