Friday, June 5, 2015

Australian business tycoon Alan Bond died today after complications from open heart surgery. He was 77.

Following open heart surgery to repair and replace heart valves, leading to complications, Bond was placed in an induced coma. The family released a statement outside the Perth hospital where Bond died in intensive care following his operation on Tuesday.

His son John said, “His body finally gave out after heroic efforts of everyone involved here at the intensive care unit at Fiona Stanley Hospital […] He never regained consciousness after his surgery on Tuesday.”

In the 1980s Bond was one of the richest men in Australia; in 1992 he declared bankruptcy. In 1997 he was convicted and jailed for his involvement in an AU$1.2 billion fraud case. Bond was released in 2000.

In 2008 Australian magazine Business Review Weekly estimated Bond was worth AU$265 million.

Bond leaves behind three children and eight grandchildren.

Friday, February 3, 2006

Computer security experts warn that a malicious computer worm, dubbed “Kama Sutra,” is set to wreak havoc this Friday, February 3rd on Microsoft Windows computers worldwide. Kama Sutra is designed to destroy files that end in .doc, .zip and .pdf.

The Kama Sutra worm has been spreading through cyberspace since January 16, packaged in emails with subject headings such as: “give me a kiss” and “crazy illegal sex.”

When users click an email attachment, their PCs become infected with destructive, self-replicating software. The worm affects Microsoft Windows operating systems and is programmed to go to work on the third of every month, overwriting or corrupting Microsoft files and others such as Portable Document Format (PDF) files.

“This one can damage your office files, your Microsoft Excel spreadsheets and your PowerPoint presentations,” Tino Klironomos, a computer retailer, said. “(The files will be) all gone, history.”

Computer security company LURHQ reports that there may be hundreds of thousands of machines already infected with the worm, which also goes by the monikers “BlackWorm,” “CME-24,” “Blackmal,” “Mywife.E” and “Nyxem.”

To prevent the worm, Windows users should arm themselves with anti-virus software. People can also protect their PC with up-to-date anti-virus gear and firewall protection. Free anti-virus tools are available from many anti-virus organisations. These tools can detect and remove the Kama Sutra worm from an infected machine.

Experts say: “Make sure your virus definitions are up to date. Besides being careful about opening email messages and attachments, users should back up their most valuable computer files on an external device such as a CD, zip drive or DVD.”

Steve Bass at PC World says: “Stop worrying. If you update your virus program signatures regularly, and do a weekly AV scan, I don’t think you have much to worry about…”

Other advice is not to open any messages with the subject headers “crazy, illegal sex”, “give me a kiss” and “hot movie.”

The worm will not affect machines running on non-Windows operating systems such as Mac OS X or GNU/Linux.

Many security systems reported a very small amount of vandalism, even though the threats were very high.

Saturday, April 21, 2007

The contaminated pet food that was recalled after it was found to contain a harmful industrial chemical called melamine, has been used as pig feed at a hog farm in Ceres, California, located in the United States.

At least seven urine samples taken from pigs at the American Hog Farm, were tested and the results came back positive for the chemical melamine. At least three samples from the feed used to feed the pigs were tested and those results also came back positive for melamine.

Reports say that at least 100 pigs from the farm were slaughtered and sold from the “custom slaughterhouse” that is operated on the farms site. The meat is then sold to different places as “individual orders” and is not sold commercially for supermarkets. The affected meat goes as far back as April 3 and the company is asking anyone who bought it to return the product or throw it out.

Despite the sale, California State Veterinarian Dr. Richard Breitmeyer says that no evidence has turned up to suggest that the meat that was sold entered the human consumption chain.

“There is no evidence that any products from this farm have entered the food supply. The risk to people right now is minimal,” said Breitmeyer who also said that pet food from bags or boxes that have been torn or ripped, is sometimes reused as feed for small farms.

California’s Department of Food and Agriculture investigated the company and found that it had received the contaminated pet food from Diamond Pet Foods, which supplies retailers with the pet food Natural Balance, one of the over 100 recalled brands of pet food. Authorities then quarantined the farm to further investigate the situation.

At least 1,500 pigs are on the farm.

As of the moment, no other farms are being investigated, but officials say that other farms may also be affected.

“In the course of our investigation, we may find similar situations in other parts of the country,” said head of the Center for Veterinary Medicine at the U.S. Food and Drug Administration, Stephen Sundlof.

The FDA is continuing to investigate and Sundlof says that there is a possibility that the contamination of the pet food may be intentional.

“It would certainly lend credibility to the theory that it may be intentional. That will be one of the theories we will pursue when we get into the plants in China,” said Sundlof.

Last month, Menu Foods was the first to recall all of its 60 million products of dry and wet dog and cat food after pets began to fall ill and in some cases died of kidney failure. The FDA found melamine in samples of Menu Foods pet food and in samples of wheat gluten, imported from China, which was used as an ingredient.

Monday, January 16, 2006

Israeli media is reporting that Prime Minister Ariel Sharon opened his eyes for the first time since he suffered a major stroke on January 4, 2006.

However, hospital officials said the reports were generated by the Sharon family’s “impression of eyelid movement, whose medical significance is unclear.”

“He was listening to a tape of his grandson and you could see tears in his eyes for a matter of seconds before he closed them again,” a doctor treating Sharon told AFP news agency on condition of anonymity.

Army Radio, citing unidentified close associates of Sharon, say the Prime Minister could “recognize people around him.”

However, hospital officials state that it is “too early to tell whether the development represented a significant improvement or was just a temporary reflex.”

Sharon had undergone a tracheotomy on Sunday to help with his breathing and to help prevent infection from his respirator tube.

Tuesday, April 27, 2010

Dale Ogden, a 2010 California gubernatorial candidate, talks with Wikinews reporter Mike Morales about his platform.

Ogden is a member of the United States’ Libertarian Party.

Saturday, July 1, 2006

California Gov. Arnold Schwarzenegger signed a bipartisan state budget Friday that invests a record $55.1 billion in education – an increase of $3.1 billion this year and $8.3 billion over the last two years – and allocates $4.9 billion to create a budget reserve and to pay down the state’s debt early.

Schwarzenegger credited bipartisan cooperation in coming up with a budget he was willing to sign, and do it on time, a rarity in recent California politics.

“It’s amazing what can be accomplished when Democrats and Republicans work together in Sacramento,” said Schwarzenegger. “I want to thank the legislative leadership – Senators Don Perata and Dick Ackerman, Speaker Fabian Nunez and Assembly Republican Leader George Plescia – for all their hard work on the budget. We put politics aside and were driven by the overwhelming desire to do what’s best for the people of California.

“I am especially proud that the budget expands preschool, and returns art, music and physical education classes to our children,” he said.

State Superintendent of Public Instruction Jack O’Connell said he is pleased by the budget. “The budget passed by the Legislature brings welcome support to education in California, making good on past debts to our schools and investing in sorely needed classroom programs,” he said.

He had his own budget favorites: “I’m particularly pleased that the budget includes increased funding for school counselors, teacher professional development, programs targeted to helping students pass the high school exit exam, and expanded and improved student nutrition programs.

“While there are some priorities over which we may disagree, I applaud the Governor and the Legislature for a budget that makes education a top priority.”

Barbara E. Kerr, president of the 335,000-member California Teachers Association, also likes the direction of the new budget.“The timely approval of the new state budget is good news for our public schools and students,” she said. “School districts and teachers can now plan ahead. The nearly six percent cost-of-living-adjustment will allow local schools to restore funding to education programs that have been cut over the past few years and provide for salary increases.”

Still, Kerr, said, the budget doesn’t go far enough. “This budget is a down payment on the debt owed to our schools. Teachers will continue to work with the governor and the Legislature to ensure repayment of the $3 billion still owed to our schools under Proposition 98 and the lawsuit settlement agreement announced last month. That money will help our schools of greatest need reduce class sizes, improve teacher training and increase parental involvement.”

How the budget affects the New Haven Unified School District and James Logan High School, or the James Logan Courier, specifically is not yet clear.

State Treasurer Phil Angelides, who is running for governor against Schwarzenegger, liked the increased education funding, and praised his fellow Democrats in the legislature for that, but criticized the entire budget for being out of balance.

“On higher education, Democrats in the Legislature did the right thing, when the governor would not, and gained a $6 per unit rollback in community college fees,” he said in a statement. “That is a start. But the governor’s budget will still leave community college fees nearly double what they were just three years ago. And the budget will also leave untouched the fees at CSU and UC, which have increased by $2,000 and $5,000 respectively under Governor Schwarzenegger.”

Missing from the budget, Angelides said, is funding to expand health care for low-income children. Schwarzenegger “failed to get members of his own party to agree to a budget that funds health care for more kids from low-income families on the Healthy Families program regardless of the families’ immigration status. Compassion requires – and intelligent public health practice demands – that all people residing in California have access to adequate health care,” Angelides said.

Schwarzenegger credited a strong economy that increased state revenues for providing the cash to cover the increased expenditures and set aside a $2.1 billion reserve and an additional $2.8 billion for debt prepayment. Included in that is $1.42 billion for repaying borrowed funds earmarked by the voters for transportation projects aimed at reducing traffic throughout the state. The early debt payment and the reserve account for nearly 4.7 percent of the overall budget – the highest in 25 years.

Still, Angelides said, the budget is out of balance and the state is running up more debt. “Despite his repeated pledges to ‘cut up the credit card’ Governor Schwarzenegger has produced a budget that still leaves a $3.3 billion structural budget deficit for 2006-07 and more deficits for years to come,” Angelides said, “It is a budget thatwill continue to shift the burden of today’s deficits onto the backs of futuregenerations.”

The budget largely mirrors the May Revise, which has since prompted all three Wall Street credit rating agencies to upgrade the state credit rating, reducing the cost of state borrowing. One of the agencies, Fitch, Inc., cited “California’s continuing economic recovery, strong revenue performance and continued progress in reducing fiscal imbalance” when upgrading their rating on the state’s general obligation debt from A to A+ last month. Standard and Poor’s also raised its rating from A to A+ in May. Moody’s Investors Service raised its rating from A2 to A1 the same month.

Despite the improved credit ratings, Angelides said, the three rating agencies still have reservations about the state’s fiscal future. The agencies “have corroborated my warning and that of the Legislative Analyst that while state revenues have improved, California’s fiscal condition will remain insecure until the state produces balanced budgets,” he said.

Highlights of AB 1801, the Budget Act of 2006 by Assembly member John Laird (D-Santa Cruz), include:

Preschool through High School Education – The budget includes $100 million for the Governor’s targeted preschool initiative, which will make preschool available to every four year old living in a low-performing school district. $50 million of this funding will be used to build and improve preschool facilities. The budget also includes $645 million to fund physical education, arts and music programs. Overall, $11,264 will be spent on each student, an increase of $516 from the current year.

Higher Education – The budget allocates $19.1 billion from all sources for higher education and eliminates tuition and fee increases at UC and CSU. California, which already has the lowest community college fees in the nation, will further lower student fees from $26 per unit to $20, effective Spring 2007.

Law Enforcement – The budget includes an additional $196 million to support law enforcement efforts, including money to fund Sexual Assault Felony Enforcement teams, 500 GPS devices to track and monitor the highest-risk parolees and four new Gang Suppression Enforcement Teams. The budget also proposes the addition of 235 California Highway Patrol positions, includes $56.4 million to replace the CHP’s existing radio system and allocates $6.4 million to handle the increasing number of wireless 9-1-1 calls. Additionally, the budget includes a $20 million investment to strengthen efforts to fight methamphetamine trafficking and $6 million to create three new California Methamphetamine Strategy program teams.

Disaster Preparedness – The budget provides $220 million to enhance California’s ability to prepare for, mitigate and respond to emergencies, including money to strengthen public health response during a disaster. This includes preparations to prevent a pandemic influenza outbreak and expanding efforts to help local governments develop disaster preparedness plans.

Public Health – The budget includes $22.6 million for counties to perform outreach and enrollment activities to reach the 428,000 children who are eligible for Medi-Cal or the Healthy Families program but are not enrolled. The budget for the Healthy Families program also covers enrollment growth for 78,200 additional children.

Transportation – In addition, the Budget makes a substantial investment in improving California’s transportation system. It provides $1.4 billion to fully fund Proposition 42 for the second consecutive year, and it provides an additional $1.4 billion for the early repayment of past loans from Proposition 42, for a total of $2.8 billion. Of the $1.4 billion repayment, $440 million is designated for cities and counties for local road and street maintenance that would otherwise not be funded.

The budget is the first on time budget since 2000 and the fourth in the last 20 years. The 2006-07 budget’s general fund is $101.3 billion and total is $131.4 billion. For a more detailed overview of the budget, please visit www.dof.ca.gov.

Monday, January 31, 2005

Metlife announced on 01/31/05 that they were going to acquire Travelers Life and Annuity from Citigroup. Travelers Life and Annuity is an insurance underwriter. MetLife is a large life insurance and annuities underwriter. MetLife will have to borrow a lot of money to pay for the company, so rating agencies like S&P warn that the AA credit rating of MetLife might be lowered. This would cause the interest rates at which all of MetLife’s debt must be repaid to increase.

Citigroup committed to continue distributing Travelers life insurance and annuities through its Smith Barney stock brokers, Primerica agents, and Citibank branches.

Citigroup was previously known as Travelers Insurance before it bought Citicorp. First the Property and Casualty business of Travelers was spun off, and now the life insurance division has been sold off. This is primarily because insurance underwriters get a lower price to earnings multiple from the stock market because of the cycles and uncertainty associated with the insurance business. Also, having an insurance underwriter and a bank together does not usually create “cross-sell” opportunities, because consumers and businesses almost always buy life insurance and annuities through brokers who have a duty to give them other options. Citigroup will continue to sell insurance through its brokers as before.