Tuesday, March 6, 2007

Manchester United will be taking on eleven of the top players in Europe in a celebration match next Tuesday at Old Trafford, and the lineup for the European XI is coming together nicely. The game is a UEFA-Manchester United collaboration created to commemorate not only the 50th anniversary of the signing of the Treaty of Rome, but also the 50th anniversary of Manchester United entering into European club competitions. Funds raised in the match will go to support the Manchester United Foundation, which works with local charities as well as UNICEF to aid children in need. Italian Marcello Lippi will be in charge of coaching the European XI side, and his assistant will be Andy Roxburgh. Confirmed players have slowly been filing into the team, but with current Manchester United on-loan striker Henrik Larsson confirmed, the XI is now complete.

Sunday, May 29, 2011

Fiat announced on Friday that it intends to purchase the six percent of automaker Chrysler that the US government currently owns, which would give the Italian company a 52 percent majority stake in Chrysler.

According to Fiat’s announcement, the company has told the US Treasury that it intends to use its option to buy the share in Chrysler held by the US government, a deal that will be finalized by June 10. If a price is not agreed on by that time, Fiat will pay the average of the estimates of two investment banks.

In 2009, Fiat bought a twenty percent stake in Chrysler, which had just exited bankruptcy, and has since increased its holding to 46 percent, expected to increase to 57% by the end of this year.

According to analyst Maryann Keller, the deal is a good one for both companies, as “[n]either one has the ability to compete alone in the kind of global environment that they face.” Analyst Rebecca Lindland said that the move will also benefit the companies by getting “them out from underneath any hint of government ownership and any of that negativity that went along with the bailout.”

Monday, January 2, 2006

New Zealand’s warm sunny New Year’s weather has come to a sudden end as gale force winds and rain assault southern New Zealand.

In parts of the South Island New Year campers have finished their holiday early as winds averaging 120km/h (75 m/h), gusting at times up to 180km/h (112 m/h), have blown in.

Power went out to 1300 homes in the capital city Wellington; flights were grounded at the airport, with incoming flights diverted to Palmerston North airport.

“The North Island will also be affected by the low,” says MetService forecaster Michael Short, “with heavy rain around the Tararua Ranges and Mt Taranaki.”

The MetService has issued severe weather warnings for most of the South Island and the southern portion of the North Island; bad weather is also forecasted throughout the rest of the country.

The MetService says to expect bad weather for the next 10 days as a deepening low moves south of Stewart Island, but a flow of westerly winds is expected to stay put all week.

Holiday makers have been asked by MetService to review their holiday plans and keep up to date with the latest weather.

Tuesday, May 10, 2005

Google News submitted patent applications both in the United States and world-wide in September 2003 for a system of ranking search returns. The patent protection filings seek to control Google’s approach that filters headlines through a complicated algorithm, including the quality of the news organization. How much of this system is currently in use by the search engine giant is unknown.

Primitive search engines are expected to organically evaluate links based on how closely the keywords typed in the search field match an object link, and how many other links are attached to the object. Then a measure of relevance is calculated before returning a reply.

It seems some measure of the work being done at Google is a reaction to search engine optimization (SEO) campaigns which can, if done effectively, skew results to certain domains. A challenge for Google is to develop its technology to nullify efforts on the dark side of SEO and link-spamming.

What also seems to be coming out from this, according to research from the Internet Search Engine Database, is that Google does indeed have a ‘sandbox’ where domains are evaluated first by a human factor before being released into its algorithms.

In its first ever Securities and Exchange Commission filing since the company went public last year, Google indicated that it intends to spend US$500 million on technology development, more than double the $177 million it spent two years ago.

The language used in the lengthy patent application itself is difficult to understand. An excellent article titled “Google United – Google Patent Examined” found below, describes some of the nuts and bolts of Google’s techniques.

Friday, February 8, 2008

The United States House of Representatives has passed the bipartisan US$152 billion economic stimulus package that gives one-time rebates to United States citizens, US$600 for individuals or US$1,200 for couples plus US$300 for each child. US$300 checks would be sent to people on low-income including retirees on Social Security which was not included in the original bill backed by President George W. Bush. The plan would begin to decrease rebates for citizens with taxable incomes of US$75,000 for individuals and US$150,000 for couples. The checks would go out to more than a 130 million Americans according to Treasury secretary Henry Paulson.

The House overwhelmingly approved the more broad Senate amended bill which included the low-income portion mentioned above along with provisions that would keep illegal aliens from receiving a rebate check. Despite some opposition from some Congressmen, such as John B. T. Campbell III of California’s 48th congressional district, the plan passed overwhelmingly 380–34.

Campbell called the plan “wealth redistribution” and noted it did not have safeguards to prevent illegals from receiving these rebates and also claimed that stimulus plan would increase the deficit more and noted the cause of the looming recession was because of “credit problems.”

The United States Senate voted hours earlier on the bill which passed in the Senate, 81–16. after having to shed some incentives included by Senate Democrats which caused the bill to fail. Some of the incentives that were left out of the plan in a compromise to gain Republican support were demands for benefits for long-term unemployed workers and stipulation that would allow low-income citizens to pay off heating bills and let home builders pay off losses off the current year against previous tax years.

President Bush approved of the package, noting in a statement, “This plan is robust, broad-based, timely, and it will be effective, this bill will help to stimulate consumer spending and accelerate needed business investment.”

Thursday, December 31, 2015

The Financial Conduct Authority, one of Britain’s banking sector regulators, indicated it has decided to drop an inquiry into banking culture, including practices and payment of banking staff. The inquiry was intended to review “whether culture change programmes in retail and wholesale banks are driving the right behaviour, in particular focusing on remuneration, appraisal and promotion decisions of middle management, as well as how concerns are reported and acted on”.

A spokesman for the Financial Conduct Authority stated: “A focus on the culture in financial services firms remains a priority for the FCA[…] There is currently extensive ongoing work in this area within firms and externally. We have decided that the best way to support these efforts is to engage individually with firms to encourage their delivery of cultural change as well as supporting the other initiatives outside the FCA.”

The Shadow Chancellor, Labour’s John McDonnell, said shutting down the inquiry would be a “dangerous and costly mistake” and said: “This will be a huge blow to customers and taxpayers who are all still paying the price for the failed culture in the banking sector that’s been widely attributed to be among the main causes of the crash and the scandals over Libor and price-fixing”.

Members of the Treasury Select Committee have also been critical of the cancellation of the review. On Twitter, Labour MP John Mann stated the “FCA surrender to big banks today is entirely from pressure from Treasury and Osborne”. Conservative MP Mark Garnier, told the BBC: “There has always been this great argument that perhaps the Treasury is having more influence over the regulator than perhaps it ought to and certainly, if I was looking for a Machiavellian plot behind what’s happened here and the tone of the regulator, then I suppose I would start looking at the Treasury.”

Richard Lloyd from the consumer group Which? expressed disappointment at the cancellation of the report: “It’s disappointing that the regulator has decided against publishing this report on the culture of banking. Cultural change doesn’t happen overnight, so despite signs of improvement, the FCA must not take their eye off the ball and should continue to clean up the industry”

The FCA has had no leader since Martin Wheatley resigned in July following an expression of no confidence by George Osborne, the Chancellor of the Exchequer.

Thursday, July 3, 2008

69-year-old grandfather John Walsh stands accused of murdering three victims in the small New South Wales town of Cowra. All victims were killed in different ways.

Media organisations have reported that the 69-year-old man killed his five year old grand daughter by drowning; her seven year old brother was killed by a blunt force trauma to the back of the head, and his wife was killed by multiple axe wounds to her body – including her head.

New South Wales Police could not confirm the post-mortem examination, saying that the results of the post-mortem examination are not expected to be finalised for a couple of days and may not be immediately made public.

The 69-year-old man, who went before Deniliquin Local Court on July 1, 2008, was refused bail and charged with three counts of murder and one count of attempted murder. He is currently in a special holding cell on 24-hour watch at the Junee Correctional Centre. A further appearance is due in Wagga Wagga Local Court via an audio-visual link on July 7, 2008.

Thursday, January 18, 2007

A new search engine that was announced yesterday finds articles and links within the English Wikipedia. Wikiseek, run by a California based startup company called “searchme”, is a website which aims to be “A better way to search Wikipedia.”

Although most keywords work without problems, Digg users have found search terms that the site does not recognize. If you enter “Chicago” for example, it shows no Wikipedia articles at all, and clicking “Chicago, Illinois” leads to an article on West Chicago, Illinois and other related articles to the subject. Similarly, entering “Christmas“, “United States” or “PlayStation 3” only provides links to related articles on Wikipedia, although they are in the top 10 of most viewed articles in the English Wikipedia. Searching “porn” comes up with commercial websites linked from Wikipedia, but not the relevant articles in the free encyclopedia. For most articles however, the relevant Wikipedia article is the first result or among the results.

The site says that “The contents of Wikiseek are restricted to Wikipedia pages and only those sites which are referenced within Wikipedia, making it an authoritative source of information less subject to spam and SEO schemes.” The site also offers a Toolbar plugin and a Firefox extension to add a Wikiseek search button inside of Wikipedia pages.

Danny Sullivan at the Search Engine Land blog found Wikiseek’s results inferior compared to the results from established search engines. SearchMe CEO Randy Adams stressed that Wikiseek is still in a beta phase. He pointed out that they welcome feedback more than the average search engine, which can be posted on their company wiki.

Searchme put a button on their main page, encouraging beta testers to instantly promote the site on Digg. In August 2006, Digg had half a million registered users.

Some media outlets have reported that Wikiseek was created by either the Wikimedia Foundation which runs Wikipedia, or private corporation Wikia, which hosts a collection of wiki communities. Both rumors are untrue, says Angela Beesley, co-founder of Wikia and chair of the Advisory Board of the Wikimedia Foundation. “Wikiseek is an independent project with no affiliation with either Wikia or the Wikimedia Foundation.”

The Wikiseek site says they contribute the majority of its revenue from advertisement to the Wikimedia Foundation’s fundraising effort.