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Monday, August 7, 2017

Former governor of Texas, Mark White died at the age of 77 in Houston on Saturday, his son Andrew White told the Associated Press. The Democrat served as Texas’ governor from 1983 till 1987. White was considered as an education reformer during his single-term in office for bringing some policies focusing on education. White had suffered from kidney cancer for several years.

White’s son, Andrew paid tribute to his father and said, “He [Mark White] cared about Texas deeply […] He realized that this wasn’t about getting re-elected. This wasn’t about being popular. This was about making Texas a better place.” Former Texan Lieutenant Governor Bill Hobby called White “one of Texas’ greatest governors”.

The current Governor of Texas, Greg Abbott also paid tribute to White saying, “Mark White cared deeply about Texas […] and he devoted his life to making our state even better, particularly when it came to educating our children.”

Born in 1940, White served as Texas’ secretary of state and attorney general before he became the governor. He defeated then-incumbent Republican, Bill Clements to become Governor in 1983 despite Clements spending thirteen million dollars on his campaign. Four years later, Clements defeated White to become Texas’ governor.

White brought few educational reforms including the “No-Pass, No-Play” policy. Per the policy, students had to maintain a minimum threshold of grades to participate in school sports and extra-curricular activities. The decision was unpopular among many and even blocked by a state-district judge. The state Supreme Court eventually approved the policy.

Defending the “No-Pass, No-Play policy” in 1987, White told the state lawmakers, “Let’s be real: Anyone who can study a playbook can study a textbook. Americans didn’t get to the moon on a quarterback sneak.”

After losing in his re-election attempt in 1987, White returned to private law practice and also became the owner of a security company. In 1990, he ran for the office again, but lost to Ann Richards in the Democratic primary who later became the Governor.

Friday, October 10, 2008

Stock markets across the world have fallen sharply with several seeing the biggest drop in their history.

Asian markets saw the biggest sell-off. The Nikkei dropped 9.62% to reach a 20 year low. Japan also saw a collapse of a mid-size insurance company, Yamato Life Insurance Company, which declared bankruptcy. The Hang Seng, which was one of the few markets that was positive yesterday, fell 7.19%. Australia dropped by 8.4% and South Korea saw a 9% fall.

In Europe, markets dropped at the open with the FTSE losing 11%. They have recovered only sightly with all European markets losing more than 5%. The European sell off was more about the Asian lows then any specific news. European banks and financial institutes saw the most selling. Also, oil related companies saw large drops as an result of an expected decrease in oil consumption.

The U.S. markets opened lower with the Dow Jones Industrial Average falling below 8,000, before recovering slightly. President George W. Bush made an address on the economy and said markets were being “driven by uncertainty and fear.”

Oil has seen losses of more than US$6 in trading with the current price of a barrel of oil less than $80. This is a year low for oil. News also came out that OPEC will hold an emergency meeting on November 18 to discuss the falling price of oil.

Charities, such as Cats Protection, today said that they have lost much of their funds in collapsing banks. Cats Protection had a total of £11.2 million saved in the now-collapsed Kaupthing bank.

The British National Council for Voluntary Organisations said that 60 of its 6,500 have lost money due to the collapse of banks.

The Dow Jones Industrial Average 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.

Peter Cardillo, chief market economist at Avalon Partners, commented on these massive falls. “What we’ve seen here was one big margin call that just kept feeding on itself, so the opposite could happen. But you need a catalyst,” he said. “I’m more convinced now than ever that this market has made a bottom. The capitulation came when we breached 8,000,” he continued. “It doesn’t mean we can’t go back and revisit that level.”

The UK’s FTSE 100 index fell dramatically to close below 4000, in the index’s worst week in history. This is despite the fact that just a few days ago the index was above 5000, and the index peaked above 5500 in September.The FTSE 100 index has fallen by 41% this year.

Barclays Wealth analyst Henk Potts commented on this massive fall. “We are drowning in a sea of red numbers,” he claimed. “Investors are concerned about the exacerbation of the credit crunch and the gloomy forecasts for economic growth. The reality is that most investors have been spooked by the sheer pressure that the credit crunch is putting on the global economy.”

The Japanese Nikkei 225 has recorded it’s third biggest drop in history with a massive sell-off in the exchange that has resulted in USD 250 billion being knocked of the index’s value.

Toyota, which is the second largest carmaker in the world, fell by the largest amount in 21 years, while Elpida Memory, the world’s largest manufacturer of computer memory, dropped in value to a record low.

Masafumi Oshiden, a fund manager in Toyota commented on the drop.”It’s capitulation,” he said. “There are lots of forced sellers. If you’re a fund that’s going bust you need to close out all your positions.”

George W. Bush commented on the financial situation earlier today. “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. “This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns about their retirement accounts, their investments, and their economic well-being.”

Bush then continued by promoting the government’s plan’s to get through the crises. “Here’s what the American people need to know: that the United States government is acting; we will continue to act to resolve this crisis and restore stability to our markets. We are a prosperous nation with immense resources and a wide range of tools at our disposal. We’re using these tools aggressively.”

Gordon Brown, the UK Prime Minister, also spoke on the economy. “I think we quickly realised that we cannot solve the problems we have got as a result of the sub-prime market collapse simply by improving liquidity,” he said speaking in Birmingham to business leaders earlier today. “That would simply not be enough to deal with the bigger problem of rebuilding the banking system for the future and restoring trust is a fundamental element of that.”

Jim Flaherty, the Canadian minister for finance, also commented today on the recent incidents in the economy. “It is important to underline that Canada’s banks and other financial institutions are sound, well capitalized and less leveraged than their international peers,” he claimed. “Our mortgage system is sound. Canadian households have smaller mortgages relative both to the value of their homes and to their disposable incomes than in the U.S.”

“”However, it is becoming increasingly clear that the continuing disruption of global credit markets, which has been severe and protracted, is making it difficult for our financial institutions to raise long-term funding. This is beginning to affect the availability of mortgage loans and other types of credit in Canada,” he continued. “The Government has therefore decided to act to address the current scarcity of private sector lending to Canadian mortgage markets and lending markets overall. This is going to make loans and mortgages more available and more affordable for ordinary Canadians and businesses.”

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Wednesday, March 8, 2006

Due to the province-wide college strike, events at Humber College in Etobicoke, Ontario, Canada have been cancelled or delayed.

Latin Jazz Night, set to happen on Wednesday evening at 8:00 pm is cancelled, as is an Evening of Sketch Comedy, which was scheduled for Sunday, March 12 at 8:00 pm.

The Evening of Sketch Comedy is organized by students of the Humber School of Comedy. Humber is the only institution to offer comedy courses at a post-secondary or post-graduate level. The Evening is a part of students’ marks.

Theatre Humber’s production of The Rover has survived the axe. Set to play from Friday, March 31 – Saturday, April 8 at the Humber Theatre, it has been pre-emptively postponed.

Faculty of 24 colleges across the province went on strike as of Monday night, after no deal was made in continued collective bargaining.

Wednesday, June 18, 2008

Buffalo, New York —Residents in Buffalo, New York fear that demolishing a nearly 200-year-old livery and stable which partially collapsed on Wednesday June 11, could cause an environmental hazard.

Wikinews has learned that according property records with the city, the stable was converted into a gasoline station and auto repair shop in 1950, and is designated as a body shop. During that time at least four fuel storage tanks were installed on the property. Two are listed as 550 square feet while the other two are 2,000 square feet. All of the tanks are designated as a TK4, which New York State says is used for “below ground horizontal bulk fuel storage.” The cost of installing a tank of that nature according to the state, at that time, included the tank itself, “excavation and backfill,” but did not include “the piping, ballast, or hold-down slab orring.”

Property reports give the tanks a ‘construction code’ of a “C – Average”, meaning the tanks were not designed to last for a significant period of time. That rating has residents concerned that the tanks could pose an environmental hazard if they are not properly taken care of.

Wikinews has not been able to determine if the tanks have been removed or if they were emptied when the gas station closed sometime in the 1980’s. Wikinews has also contacted the city of Buffalo for a comment regarding the tanks, but has yet to receive a response.

The building was scheduled for emergency demolition on Thursday June 12, but was stopped by police after residents raised concerns for the safety of those living around the building. According to New York law, since the city ordered the demolition, they are required to perform an ‘Environmental Impact Assessment’ or SEQR when a project or demolition has the possibility of posing an environmental hazard.

According to New York law, a SEQR should be performed “to incorporate the consideration of environmental factors into the existing planning, review and decision-making processes of state, regional and local government agencies at the earliest possible time. To accomplish this goal, SEQR requires that all agencies determine whether the actions they directly undertake, fund or approve may have a significant impact on the environment, and, if it is determined that the action may have a significant adverse impact, prepare or request an environmental impact statement.”

The law states, “SEQR requires the sponsoring or approving governmental body to identify and mitigate the significant environmental impacts of the activity it is proposing or permitting.” It also states that it is the duty of the governmental body in charge of a project to enforce the laws of the SEQR. It also states that agencies must give “appropriate weight with social and economic considerations” when undergoing major projects.

The law also allows citizens to enforce the regulation stating, “citizens or groups who can demonstrate that they may be harmed by this failure [SEQR], may take legal action against the agency” or governmental body behind such a project. The court system in New York has been known to “consistently” rule in favor of plaintiffs who file lawsuits against agencies who do not perform a SEQR.

Residents won a restraining order to stop demolition after State Supreme Court Justice Judge John. F. O’Donnell signed a temporary injunction. Residents are concerned demolition crews moved too fast, and are not doing enough to protect them and their surrounding properties. They are also concerned that the city did not consider all the options or risks before ordering the building to be demolished.

On June 15, Judge Jerome C. Gorski ruled that the city can resume demolition, but “on a limited basis” only to remove fallen rubble that landed on properties, and to remove any loose bricks or material from the building, but not below its truss line. Because of the risk of further collapse, the workers are ordered “to use only hand tools.” to remove the loose material and debris. Residents are attempting to save portions of the building’s side walls and its facade. The demolition crew began to remove some materials, as ordered by the court on Tuesday, June 17.

Judge Gorski also ordered that the plaintiffs present their case in front the State’s Supreme Court in Rochester. The hearing took place on Monday morning on June 16 at 10:00 a.m. (eastern time), and the case is currently “being discussed,” said an anonymous source close to the lawsuit to Wikinews.

Bob Freudenheim is the building’s owner who has housing violations against him for neglecting the building. Residents state that Freudenheim should be “100% responsible” for his actions, and many are afraid that once the building is demolished, Freudenheim’s charges of neglect will be abolished. According to WGRZ Channel 2 News, in the past three months, Freudenheim has received at least five housing code violations from the city. WGRZ states that the orders, which they obtained, were to fix the building “to a safe condition.”

Freudenheim gave the city permission to demolish the building on Thursday June 12 during an emergency Preservation Board meeting, because he would not be “rehabilitating the building anytime soon.” Freudenheim, along with his wife Nina, were part-owners of the Hotel Lenox at 140 North Street in Buffalo and were advocates to stop the Elmwood Village Hotel from being built on the corners of Forest and Elmwood Avenues in 2006 and 2007, which Wikinews extensively covered. They also financially supported a lawsuit in an attempt to stop the hotel from being built. Though it is not known exactly how long Freudenheim has owned the stable, Wikinews has learned that he was the owner while fighting to stop the hotel from being built.

Freudenheim has not released a statement, and Wikinews has not been able to contact him regarding the issue.

Saturday, May 13, 2017

Despite the White House’s initial assertion that Federal Bureau of Investigation (FBI) Director James Comey was dismissed Tuesday over mishandling the Hillary Clinton email case, United States President Donald Trump on Thursday told NBC that “this Russia thing” was among his reasons, mentioning Comey’s repeated claims that he, Trump, was not being investigated. He also accused Comey of “showboating” and said “the FBI has been in turmoil.”

James Comey was leading an investigation into the Trump campaign’s alleged ties to Russia and possible Russian involvement in the 2016 US presidential election that placed Trump in power. The official reason given for his dismissal, overly harsh treatment of then-presidential candidate Hillary Clinton, was met with skepticism from politicians and the press.

President Trump also told NBC’s Lester Holt that, despite statements to the contrary by Vice President Pence and Sean Spicer, recommendations from deputy attorney general Rod Rosenstein did not have anything to do with his decision, which he made before receiving Rosenstein’s memo. “Regardless of recommendation I was going to fire Comey. Knowing, there was no good time to do it[…] And, in fact, when I decided to just do it, I said to myself, I said: ‘You know, this Russia thing with Trump and Russia is a made up story, it’s an excuse by the Democrats for having lost an election that they should’ve won.'” He went on to express regret that firing Comey might prolong the investigation and said Comey had told him that he, Trump, was not under investigation when asked.

Trump told NBC that he had asked Comey if he, Trump, were under investigation, to which Comey had replied in the negative. While it is not illegal under U.S. law for President Trump to ask if he is under investigation, former U.S. Department of Justice spokesperson Matthew Miller described it as “completely inappropriate” and pointed out that Comey would not be allowed to answer under Department rules.

Deputy White House Press Secretary Sarah Huckabee Sanders disagreed with Miller’s assessment. “I don’t see it as a conflict of interest and neither do many of the legal scholars who’ve been commenting on it over the last hour.” She did not elaborate on the reference to legal scholars.

While some sources have said Comey requested more resources for the Russia investigation only days before being fired, one of his associates told news outlets this was not true and the investigation had no shortage of resources.

In his interview with Holt, President Trump affirmed that his campaign had no connections to Russia.

Four candidates for Comey’s position were scheduled to be interviewed today: a lawyer named Alice Fisher, an appeals court judge named Michael Garcia, Senator John Cornyn of Texas, and Andrew McCabe, who is currently serving as acting director of the FBI. McCabe has promised to “vigorously and completely” continue the Russia investigation and to tell Congress if any pressure is brought to bear to stop it.