Thursday, June 29, 2006

The United States Federal Reserve has announced an increase of 25 basis points (0.25%) in the federal funds rate bringing it to 5.25 percent. It also announced its approval of a 25 basis point increase in the discount rate to 6.25 percent.

The federal funds rate is the interest rate at which depository institutions such as banks lend balances they maintain at the Federal Reserve (called federal funds) to other banks overnight. The discount rate is the interest rate that an eligible bank is charged to borrow short term funds directly from the central bank through the discount window.

In its statement, the Fed said that growth is moderating from its quite strong pace earlier in the year, which it partly attributed to a cooling of the housing market and the delayed effect of increases in interest rates and energy prices. The Fed noted that inflation measures were “elevated” in recent months and that while productivity gains have held down increases in labor costs and inflation expectations “remain contained”. However, it pointed out that high levels of resource utilization and high energy and commodity prices have the potential to sustain inflation pressures.

In its outlook over its future moves, the Fed statement said “Although the moderation in the growth of aggregate demand should help to limit inflation pressures over time, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.”

Sunday, October 14, 2012

Actor and television host Gary Collins died yesterday at age 74. He died at Biloxi Regional Medical Center, in Biloxi, Mississippi, of natural causes according to Harrison County, Mississippi Deputy Coroner Gary Hargrove.

He starred on television series The Sixth Sense, Born Free, The Iron Horse, and The Wackiest Ship in the Army. He hosted Hour Magazine from 1980 to 1988. He appeared on television shows such as Charlie’s Angels, Fantasy Island, and The Love Boat. From 1985 to 1989 he hosted the Miss America Pageant. He was also a radio personality.

In 2011, Collins separated from his wife Miss America 1959 winner Mary Ann Mobley after 44 years. He had a previous marriage to Susan Peterson.

Gary Collins was born on April 30, 1938 in Venice, California. Collins attended Santa Monica City College prior to enlisting in the US Army. He was a disc jockey and announcer for Armed Forces Radio. After he left the army his civilian television career got underway with the television series The Wackiest Ship in the Army.

He is survived by three children, two of them by his first wife.

Monday, December 24, 2012

Two cars have been involved in a road traffic accident in the Scottish Lothian and Borders region, causing three fatalities and sending three to hospital. The incident occurred on the A68 road approximately 1.5 miles south of the Midlothian village of Pathhead when a Škoda Octavia and a Nissan Note travelling in opposite directions collided at approximately 0730 UTC today.

The Nissan, which was carrying five occupants, overturned and came to rest on its roof. Three male Buddhist monks who sat in the back of the car died at the site of the crash. The female driver of the vehicle managed to get out of the vehicle herself but another male passenger in the front of the car had to be cut free by fire service members. The two front-seat passengers as well as the male driver of the Škoda were hospitalised at the Royal Infirmary of Edinburgh, although none of their injuries are considered likely to be fatal.

“This is a tragic incident,” Inspector Simon Bradshaw of Lothian and Borders Police said, “and we are currently in the process of carrying out inquiries in order to establish the full circumstances of the collision.” The A68 road close to the location of the accident was temporarily closed to allow police to investigate the incident, with traffic redirected to the B6370 road via the town of Gorebridge. The road has since reopened.

Thursday, March 13, 2008

Members of Australia’s Health Services Union (HSU) will go on strike in Victoria next week in a dispute over stalled wage and career structure negotiations. Over 5000 physiotherapists, speech pathologists and radiation therapists will walk off the job next week, effectively closing the state’s 68 largest health services.

The strike will force the closure of intensive care units and emergency departments across the state.

It is feared the strike could continue into Easter.

National secretary of the HSU, Kathy Jackson said admissions would be crippled, while intensive care patients would have to be evacuated to New South Wales, Tasmania and South Australia as hospitals will not be able to perform tests or administer treatment.

“When an ambulance shows up you can’t admit a patient without an X-ray being available, you can’t intubate them and you can’t operate on them,” she said.

“If something goes wrong in an ICU you need to be able to X-ray, use nuclear medicine or any diagnostic procedure,” said Ms Jackson.

Ms Jackson said the HSU offered arbitration last year, but the state government refused. “They’re not interested in settling disputes, they hope that we are just going to go away.”

“We’re not going away, we’ve gone back and balloted the whole public health workforce in Victoria, those ballots were successful, 97 percent approval rating,” she said.

The HSU is urging the government to commence serious negotiations to resolve the dispute before industrial action commenced.

The government has offered the union a 3.25 per cent pay increase, in line with other public sector workers but the union has demanded more, but stopped short of specifying a figure.

Victorian Premier John Brumby said the claim would be settled according to the government’s wages policy. “The Government is always willing and wanting to sit down and negotiate with the relevant organisations . . . we have a wages policy based around an increase of 3.25 per cent and, above that, productivity offset,” he told parliament.

The union claims it is also arguing against a lack of career structure, which has caused many professionals to leave the health service. Ms Jackson said wages and career structures in Victoria were behind other states.

Victorian Opposition Leader Ted Baillieu said he was not in support of the proposed strike and called on the government to meet with unions. “There could not be a more serious threat to our health system than has been announced today.”

“We now have to do whatever is possible to stop this strike from proceeding,” he said.

The opposition leader will meet with the union at 11:30 AM today.

Victorian Hospitals Industry Association industrial relations services manager Simon Chant said hospitals were looking at the possible impact and warned that patients may have to be evacuated interstate if the strike goes ahead.

Monday, March 27, 2006

Prince Edward formally closed the XVIII Commonwealth Games last night in a spectacular 4 hour ceremony at the Melbourne Cricket Ground.

About 85,000 spectators were in attendance; British Prime Minister Tony Blair and Australian Prime Minister John Howard were also there.

Melbourne 2006 Chairman Ron Walker said that the games were “the greatest coalition of Commonwealth nations ever seen….We have all been united by the moment… …Melbourne, we did it!”

Commonwealth Games Federation chairmen Mike Fennell; named Indian Shooting competitor Samaresh Jung as the winner of the David Dixon Award, for being the Best Athlete of the 18th Commonwealth Games. Jung won five Gold; one silver and one bronze medal in the Games.

Fennell also praised the organisation, crowds, volunteers, transport, and support services as well as the athletic performances and he said that the games had been an “incredible success”.

Thursday, August 28, 2008

The Stamford, Connecticut-based company World Wrestling Entertainment issued a press release last night, stating that wrestling performer John Cena is expected to recover from his injuries, after a surgery.

WWE Medical Program head, described in a press release as a “renowned neurosurgeon” Dr. Joseph Maroon performed the operation on Cena, after he sustained injuries during the SummerSlam match on Sunday August 24. He suffered a herniated disc in his neck, in a lost match against a wrestler named Batista.

Just hours after surgery, he visited the locker room of the SmackDown/ECW taping, commenting to the WWE website that: “I feel great. Dr. Maroon is fantastic. He explained every possible procedure he could and could not perform, and the potential risks of all of them. I explained to Dr. Maroon not only my immediate goals, but also my long-term goals. He took them all into consideration and recommended the most commonplace procedure with the least amount of side effects.”

While the option of fusion surgery was chosen previously by other WWE wrestlers (Edge, Steve Austin, Chris Benoit), Maroon removed a fragment from Cena’s spinal cord, which had been blocking a nerve.

The operation lasted 90 minutes; recovery is expected to take three months, instead of a previously suggested 12-14 months.

In his WWE career, Cena is a three-time WWE Champion, a three-time United States Champion, and a two-time World Tag Team Champion. He also won the 2008 Royal Rumble. Before being promoted to the main WWE roster, Cena trained in and wrestled for Ultimate Pro Wrestling and Ohio Valley Wrestling, holding the top titles of both promotions.

Monday, October 11, 2021

In the United States on Saturday, the Federal Bureau of Investigation (FBI) and the Naval Criminal Investigative Service (NCIS) arrested a couple in West Virginia. Court documents released Sunday allege they tried to sell classified data to a foreign nation.

The Maryland couple, former U.S. Navy nuclear engineer Jonathan Toebbe and his wife Diana Toebbe, were both arrested and charged with violating the Atomic Energy Act. Mr. Toebbe worked on naval nuclear reactors and acoustic quieting. Ms. Toebbe is a teacher at the private Key School in their neighborhood in Annapolis, now on indefinite suspension according to the school.

U.S. Attorney General Merrick Garland said in regards to the case, “The complaint charges a plot to transmit information relating to the design of our nuclear submarines to a foreign nation.” The U.S. Department of Justice (DOJ) alleges the couple tried to sell this information to a foreign agent who was actually an FBI undercover agent.

Documents filed in federal court allege Mr. Toebbe arranged to sell restricted information to a foreign power identified only as “COUNTRY1” over several months via encrypted messages, and that he arranged “drops” of these data on SD cards in various locations in exchange for payments in cryptocurrency.

At the first of the drops in West Virginia, the DOJ alleges Mr. Toebbe hid an SD card in a peanut butter sandwich while Ms. Toebbe acted as a lookout. At the second of these in eastern Virginia, the DOJ charges that an SD card was placed in a chewing gum package. Federal officers arrested the couple at the third drop site, in West Virginia, on Saturday.

Both Mr. and Ms. Toebbe are set to appear in federal court tomorrow in Martinsburg, West Virginia.