Wednesday, March 16, 2005

The United Kingdom Chancellor of the Exchequer, the Right Honourable Gordon Brown PC MP, in a speech to the British House of Commons today presented his ninth Budget, what is very likely to be his last Budget before the next UK General Election. This opened the parliamentary debate on the 2005 Finance Bill, and was followed by responses from the opposition parties.

In a 48 minute long speech, the Chancellor presented a Budget of “tax cuts that are reasonable, spending that is affordable, and [economic] stability that is paramount”, that was “the prudent course for Britain”. There were few surprises that had not already been indicated in his 2004 pre-Budget report. The increase in the threshold on stamp duty was greater than that forecast by commentators, as was the amount of the Council Tax rebate to households with pensioners.

Monday, November 22, 2004

Dan Rather has announced that he will retire on March 9th, 2005 as anchor of CBS Evening News. He will continue to be a correspondent for both of the 60 Minutes shows.

It is reported that Rather’s leaving has nothing to do with a report in 2004 regarding US President Bush’s National Guard service that was widely reported to be factually false. A CBS panel is looking into that report.

Others believe that Rather is stepping down due to this report and investigation. Howard Kurtz, a reporter for the Washington Post, states that “It’s pretty clear that Dan Rather faced a very unpalatable choice… His contract had at least two more years to run. [Should he] step down now before the outside investigative report, commissioned by CBS News expected in the next few weeks about his botching — and the network’s botching — of that story about President Bush’s National Guard service? Rather [decided] today that it would be better for him to step down on his own terms.”

Dan Rather, 74, has been the anchor for CBS Evening News for 24 years, succeeding Walter Cronkite. Rather is the third most watched anchor on United States television.

All links dated November 23, 2004.

• Dan Collins, “Dan Rather Stepping Down”, CBS News.
  • Blogs: Jay Rosen, Medium Lobster, Jeff Goldstein, Steve M., Captain Ed, Skippy, Cori Dauber, DJ Drummond, Christopher Kanis, Greg Ransom, Jim Treacher, Smash, Taegan Goddard, Edward, Kevin McCullough
• The Associated Press, “Rather to Resign ‘CBS Evening News’ Post”, ABC News (US). Earlier article.
  • Blogs: Kevin Roderick, Damian Penny, Will Collier, Andrew Sullivan, Roger L. Simon, Pejman Yousefzadeh, Glenn Reynolds, Jesse Taylor, Matthew Yglesias, Jon Henke, Charles Johnson, Ace
• Jacques Steinberg, “Rather to Step Down in March After 24 Years as CBS Anchor”, New York Times (registration).
  • Blogs: Jay Rosen, Hindrocket, Charles Johnson, James Martin Capozzola.
• “Dan Rather to Step Down as CBS Anchor”, Fox News.
  • Blogs: Captain Ed, Bill at INDCJournal, Hindrocket
• “Dan Rather to leave anchor desk in March”, CNN.
  • Blogs: James Joyner, Andrew Sullivan
• The Associated Press, “CBS’s Rather Will Step Down”, Toledo Blade.
• The Associated Press, “A Chronology of Dan Rather’s Career”, Seattle Post Intelligencer.
• “Iowans Sad, Happy that Dan Rather Will Step Down”, Iowa Channel.com.
• Jonathan L. Schwartz, “Viacom’s CBS Network Loses Top Anchor To Retirement”, Forbes.
• “Dan Rather Stepping Down”, WNCT.
• More articles on Dan Rather at Google News.
• More blog commentary on Dan Rather’s resignation at Technorati.
• Usenet discussions of Dan Rather at Google Groups.
• Photos of Dan Rather at Yahoo! News.

Sunday, August 21, 2005

A robotic system at Stanford Medical Center was used to perform a laparoscopic gastric bypass surgery successfully with a theoretically similar rate of complications to that seen in standard operations. However, as there were only 10 people in the experimental group (and another 10 in the control group), this is not a statistically significant sample.

If this surgical procedure is as successful in large-scale studies, it may lead the way for the use of robotic surgery in even more delicate procedures, such as heart surgery. Note that this is not a fully automated system, as a human doctor controls the operation via remote control. Laparoscopic gastric bypass surgery is a treatment for obesity.

There were concerns that doctors, in the future, might only be trained in the remote control procedure. Ronald G. Latimer, M.D., of Santa Barbara, CA, warned “The fact that surgeons may have to open the patient or might actually need to revert to standard laparoscopic techniques demands that this basic training be a requirement before a robot is purchased. Robots do malfunction, so a backup system is imperative. We should not be seduced to buy this instrument to train surgeons if they are not able to do the primary operations themselves.”

There are precedents for just such a problem occurring. A previous “new technology”, the electrocardiogram (ECG), has lead to a lack of basic education on the older technology, the stethoscope. As a result, many heart conditions now go undiagnosed, especially in children and others who rarely undergo an ECG procedure.

Thursday, July 17, 2008

North America’s oldest retailer, Canada’s Hudson’s Bay Company (HBC), will be transferred from one American owner to another. NRDC Equity Partners, LLC, owners of U.S. department store Lord & Taylor, will purchase HBC from the estate of Jerry Zucker, who died in April.

In 2006, the fate of HBC was first in doubt when Zucker bought it for $1.1 billion from another American owner. The businessman wanted to convert The Bay into a more upscale department-store chain.

Zucker had also begun remodeling the company’s Zellers chain to imitate the Target Corporation, creating wider aisles, expanding outlets, and selling at prices that matched those of the Wal-Mart Canada Corporation.

NRDC plans to introduce up to 15 Lord & Taylor stores in Canada by converting some of HBC’s existing properties, which include stores such as The Bay, Zellers and Home Outfitters. Under the deal announced on Wednesday, NRDC will support a newly-established holding corporation, the Hudson’s Bay Trading Company, with $500 million in funding.

The Hudson’s Bay Company was established in 1670 to support trade and development throughout the northern North American territory that is now Canada.

Monday, April 14, 2008

This weekend, April 12–13, the joint Development Committee of the World Bank Group and the International Monetary Fund (IMF) held its annual Spring Meeting in Washington, D.C.

The Group of Seven (G7), which is comprised of the economic policy makers from the United States, United Kingdom, France, Germany, Italy, Canada, and Japan, held its annual meeting on Friday, April 11. This meeting, which rotates locations, was also held in Washington, D.C.

The Development Committee meeting ended on Sunday, with a call from the economic leaders for assistance to the countries which been adversely affected by rising food prices. Economic growth has slowed to its lowest rate in five years, while the rising costs of food and energy have not slowed.

Robert Zoellick, the president of the World Bank, said, “We have to put our money where our mouth is. Now. So that we can put food into hungry mouths. It’s as stark as that.” He called for US$500 million in emergency funds for the United Nations’s World Food Programme by May 1, 2008.

“All that has been done [in the past decade] can be undone very rapidly by the crisis coming from the increase in food prices,” said Dominique Strauss-Kahn, the managing director of the IMF.

“Children will be suffering from malnutrition, with consequences for all their lives,” he said. He cited the growing use of land for biofuels as contributing to rising food costs. In the end growing violence and civil unrest could be a result.

Strauss-Kahn further warned that eventually it could become “not only a humanitarian question,” but could also affect developed nations by leading to trade imbalances.

Specifically cited as a current example, was Haiti, where just this weekend, violence escalated resulting in the death of a United Nations peacekeeper and the ousting of Prime Minister Jacques-Édouard Alexis.

United States Secretary of the Treasury Henry Paulson cautioned that affected countries “need to resist the temptation of price controls and consumption subsidies that are generally not effective and efficient methods of protecting vulnerable groups.”

Price controls and subsidies “tend to create fiscal burdens and economic distortions while often providing aid to higher-income consumers or commercial interests other than the intended beneficiaries,” Paulson said.

In their Friday statement, the G7 said “there have been at times sharp fluctuations in major currencies, and we are concerned about their possible implications for economic and financial stability.” This marked the first time since the February 2004 meeting in Boca Raton, Florida, that the wording on foreign exchange has been altered.

The G7 presented a plan to strengthen regulation of capital markets. They urged financial firms to “fully” disclose their at-risk investments and improve capital reserves. While the G7 did not outline new monetary or fiscal policies, it did promise action “as appropriate.” The timetable for the plan is 100 days.

The head of G7 Market Economics at Tullett Prebon, Lena Komileva, observed, “The implicit message is that the G7 is moving closer towards concerted action in the event that persistent volatility in the foreign exchange market presents new risk of systemic failure in the financial industry.”

“While action is unlikely in the short run, they are probably already considering a pre-emptive move in foreign exchange markets to slow the dollar’s decline,” added Komileva.

Economists at Goldman Sachs told their clients, “After a period where the possibility of G7 policy intervention seemed very remote, providing no counterweight to the dollar depreciation forces, we are moving towards a regime where G7 intervention is a more real possibility.”

Friday, February 22, 2008

Steve Wright, yesterday convicted of the murder of five women in Ipswich, Suffolk, England, has today been sentenced at Ipswich Crown Court to life imprisonment. The bodies of the five women who worked as sex workers in Ipswich were found around the town in December 2006.

The judge, Mr Justice Gross said that a “substantial degree of pre-meditation and planning” was involved meaning the requirments for a whole life sentence for Wright was met. He said, “This was a targeted campaign of murder. It is right you should spend your whole life in prison.”

Speaking after the sentencing, Deputy Chief Constable of Suffolk Police, Jacqui Cheer said, “At the start of the inquiry we could not have asked for anything more. It is a tribute to all the people who have been involved – not only police officers but their support teams and all the members of the public who phoned-in offering information.”

Monday, May 30, 2011

The University of Chicago’s Joe and Rika Mansueto Library was shut down by a power outage for a short time on Saturday, preventing library personnel from providing full services to its patrons.

The US$81 million library, which opened May 16, includes a 180-seat reading room under a 691-panel glass dome. Five stories underground, a system of five cranes retrieves books sorted into bins, carrying a maximum of about 3.5 million volumes. As of 3:50 p.m. CDT, the automated storage and retrieval system, along with staff computers at the circulation desk, were shut down, preventing patrons from retrieving materials stored underground.

The glass ceiling normally allows enough natural light to pass, but rain clouds in the area darkened the room. Patrons began to flip light switches in front of their seats, but to no avail, and a circulation clerk announced that there had been a power outage. Some patrons then moved to the adjacent Regenstein Library, which still had power. Power was still running along the corridor linking Mansueto and Regenstein Libraries, along with the nearby restrooms and Special Collections Research Center.

An electrician arrived at the building at around 3:50 p.m., and power had been restored by 5:45 p.m.

Sunday, October 10, 2010

Residents of a Leeds, England neighbourhood have requested help from a council because their neighbourhood is plagued by crime, overcrowding, and community tensions.

Leeds City Council received a request for help from residents of Hyde Park, who said they were worried about the increasing level of anti-social behavior and worsening community relations. A report will be unveiled on Wednesday by a council delegation, highlighting the problems in the area. “The people living in Hyde Park come from widely different population groups… these groups have very different customs, needs and living styles and this can provoke high levels of tension in the area,” the delegation said.

The council claims that because of the 28 per cent ethnic minority population and the 40,000 students living in the neighbourhood, there are tensions between residents. They added, however, that they are actively encouraging people to work together, citing a multi-faith forum, a cricket competition and activities which bring old and young together.

The report says that the council are trying to build relationships between Muslims and police, something which they said is “particularly important after the area’s connection to the London bombings on 7th July 2005.” A local newspaper reported that “the Shebab project introduces young Muslims to role models from sport and culture and also runs scholars’ talks to counter extremist ideologies.”

Crime has increased by 7% in the past year in Hyde Park, and residents noted that anti-social behaviour was getting worse. The council said that an anti-burglary task force had helped to reduce the number of thefts from homes. Residents complained that there was a lack of pride in the area, and at the end of the academic year in the summer, large piles of rubbish were left in streets, yards and alleyways. The report adds that the council operates a recycling scheme aimed towards teenagers, and that rubbish collections have increased.

The Guardian reported on Wednesday that campaigners are attempting to “take control of a derelict school building and transform it into a community hub are appealing for sponsors and partners in a bid to turn their dreams into reality.” They say that the unused building, owned by the council, could be used for meetings and events. A volunteer group of residents have been working on a business plan, and have gained support from local businesses to create “a vision of an open, accessible and valuable resource for all.”

A member of the commitee, however, said he was “frustrated” with the council’s attitude towards the plans. “The RPCC is slightly frustrated with certain communication issues that we’ve had with the council, but we’re working with them and hoping to gain further assistance going forward,” he said. “It’s a shame that certain setbacks could have been avoided.”

The deputation added that “a major factor in Hyde Park’s suffering is its high level of population density”, which they conceded is something they are unable to change. The council responded to complaints that streets are “cheap and unhealthy takeaways, letting agents and boarded-up shop fronts,” by saying that Hyde Park Corner and Headingley are, according to the Yorkshire Post, “thriving shopping areas and work had taken place to ensure a good mix of outlets.”

The report concludes: “The council acknowledges that because of the very particular circumstances which exist in the neighbourhood, Hyde Park faces difficult challenges which affect the quality of life of residents and that ‘normal’ service levels may not be sufficient to tackle some of these. The council will do more to enable local people to influence how services work and how local problems are tackled. Local community and voluntary groups will be invited to play an active role.”