Thursday, May 5, 2005

Videotape from security cameras appeared to show a cyclist lighting metal canisters that were filled with gun powder, and throwing them toward the building before fleeing the scene, police sources said. The make-shift explosives blew up in a concrete flower box, shattering glass but causing no injuries.

Two explosions were heard before 4am EST this morning, outside the 21-story building housing the British consulate in midtown Manhattan (map). The NYPD’s bomb squad was called to the scene, and checked the area for further explosive devices. CNN and the Times Online reported a blast at 3:35; an AP report mentioned two blasts around 3:50 from “in or near a cement flower box,” according to NYPD spokesman Noel Waters.

The damage from the explosion included broken windows in the building, a parked car, and the front door of the building. NYC mayor Michael Bloomberg noted that police closed Third Avenue between 51st and 53rd Streets. European markets reacted quickly to the news, which briefly increased volatility in all assets, according to Dow Jones news wires.

It is not yet known whether this is related to Britain’s general election today, featuring Prime Minister Tony Blair‘s bid for his third term. Mayor Bloomberg told reporters, “We do not at this point have any idea who did it, or a motive…I don’t think anybody should jump to conclusions”.

Police think the target may have actually been a board member of Caterpillar, Inc., who works in the same building. Caterpillar sells bulldozers used by Israel to demolish Palestinian homes. NYC Police Chief Raymond Kelly noted the building was the site of an April 13 demonstration by a group called Jews Against the Occupation.

Tuesday, October 4, 2005

Dr. Stephen Schoenthaler, a Professor of Criminal Justice at the California State University in Stanislaus, has long argued that there is a link between a healthy diet and decreased aggressive behaviour, as well as with increased IQ and school performance.

Dr. Schoenthaler is well-known for a youth detention center study where violations of house rules fell by 37% when vending machines were removed and the cafeteria replaced canned food by fresh alternatives. He summarizes his findings by saying that “Having a bad diet right now is a better predictor of future violence than past violent behaviour.” In a very large test, Schoenthaler directed a study in meals at 803 New York City schools, in low-income neighbourhoods, finding that the number of students passing final exams increased by 16%.

Critics have questioned some of Dr. Schoenthaler findings, due to the lack of placebo control groups. However, more recent work by Dr. Bernard Gesch, a physiologist at the University of Oxford, has placed some of the work on a more scientific footing. Dr. Gesch found that nutrition supplements produced a 26% drop in violations of prison rules over a placebo, and a 37% decrease in violent offences. The Netherlands has embarked on a wider scale dietary research program in 14 prisons.

The short term behaviour consequences of ingesting sugar are well understood: an initial burst on energy, followed a sugar low in which your body produces adrenalin, which makes you irritable and explosive. However, Schoenthaler and Gesch suggest that there are long term impacts over and above the short term consequences of blood sugar variations.

Thursday, April 17, 2008

Eric Bogosian is one of America’s great multi-dimensional talents. “There’s sort of three different careers, and any one of them could exist by itself, on its own two feet. There was that solo stuff, and then I started writing plays in the late seventies.” Although his work has spanned genres, most readers will recognize Bogosian for his acting, which has included a memorable performance in Woody Allen‘s Deconstructing Harry to co-writing and starring in the Oliver Stone movie Talk Radio (based upon his Pulitzer Prize-nominated play) to playing the bad guy in Under Siege 2 to his current role in Law & Order: Criminal Intent as Captain Danny Ross. They may not know, however, that he had collaborated with Frank Zappa on a album, worked with Sonic Youth, and was a voice on Mike Judge‘s Beavis & Butthead Do America. He started one of New York City’s largest dance companies, The Kitchen, which is still in existence. He starred alongside Val Kilmer in Wonderland and his play Talk Radio was recently revived on Broadway with Liev Schreiber in the role Bogosian wrote and made famous.

Currently at work on his third novel, tentatively titled The Artist, Bogosian spoke with David Shankbone about the craft of writing and his life as a creative.

Thursday, January 29, 2009

Zimbabwe has decided to abandon its currency, the Zimbabwean dollar, in favour of other currencies.

Acting Finance Minister Patrick Chinamasa announced today that Zimbabweans will be allowed to make transactions in other currencies along with the local currency. “In line with the prevailing practices by the general public, [the] government is therefore allowing the use of multiple foreign currencies for business transactions alongside the Zimbabwean dollar,” he said, adding that the Zimbabwean dollar will not be removed from circulation and would be used alongside other currencies.

This decision comes during the current period of hyperinflation, which has massively devalued the Zimbabwean dollar. Banknotes up to $100 trillion have been printed, despite the removal of ten zeroes from the currency last summer to try to make transactions easier. The official inflation rate, last updated in July 2008, was 231,000,000% a year, although independent estimates place the number as high as 6.5×10¹⁰⁸, or 6.5 quindecillion novemdecillion, percent.

Up to now, only vendors with licenses were legally able to accept foreign currencies, although the practice was widespread — private businesses altogether refuse to accept the unstable Zimbabwean dollar.

Large sections of the workforce, including teachers and doctors, have gone on strike because hyperinflation rapidly renders their wages worthless. Representative groups said salaries, now measured in trillions of dollars, are insufficient to pay for even the bus fare to work.

Zimbabwe also faces other crises, including a cholera epidemic that has claimed the lives of over 3,000 people, according to statistics from the World Health Organisation.

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Monday, April 7, 2008

Leslie Feist was the most successful artist as the Juno Awards concluded in Calgary, Alberta on Sunday. The performer of the internationally-successful single “1234” won in five categories: Album of the Year, Pop Album of the Year, Single of the Year, Artist of the Year and Songwriter of the Year.

Veteran group Blue Rodeo won in three categories: Group of the Year, Adult Alternative Album of the Year and Video of the Year.

The Canadian Music Hall of Fame added veteran Canadian rock band Triumph to its honour roll. The Humanitarian Award was presented to country performer Paul Brandt while the Walt Grealis Special Achievement Award was presented to Citytv and MuchMusic founder Moses Znaimer.

The Juno Awards began in 1970, initially known as the Gold Leaf Awards, and are Canada’s most prominent annual music honours. The awards have been nationally televised within Canada since 1975. Next year’s ceremonies will be hosted in Vancouver, British Columbia.

Wednesday, March 11, 2009

Jim Cramer, CNBC’s host of Mad Money, plans to appear on The Daily Show Thursday, in the midst of an escalating feud between Cramer and the Comedy Central show’s host, Jon Stewart.

Jim Cramer has been the only CNBC employee to publicly respond to Daily Show segments strongly criticizing the television business news channel’s financial coverage during the growing global recession, particularly focusing on specific remarks by made by Cramer.

The feud began on March 4, when The Daily Show aired an eight-minute clip lampooning CNBC. The comedy news show featured several clips of pundits, focusing particularly on predictions or reports by CNBC reporters that The Daily Show argued were overly optimistic or too strongly slanted in favor of the companies being discussed.

In one clip, a CNBC host reported Merrill Lynch said it would not need capital, which The Daily Show followed with a list of billions in bailout money the financial services firm has required since September. In another clip, Jim Cramer is shown allegedly affirming “Your money is safe in Bear Sterns”, followed by a Daily Show statement that the global investment bank went under six days later.

“If I’d only followed CNBC’s advice, I’d have a million dollars today,” Stewart said during the bit, “provided I’d started with a hundred million dollars.”

Although most CNBC reporters and executives declined to comment, Cramer defended himself in a column published Monday, claiming the clip was taken out of context. Cramer said he wasn’t talking about buying Bear Sterns stock, but simply reassuring a viewer that his liquidity held in Bear Sterns was safe.

“The absurdity astounds me,” Cramer said of the Daily Show bit. “The fact that I was right rankles me even more.”

Later that day, The Daily Show responded with another montage of clips, this time more specifically targeting Cramer.

“So Jim Cramer, I apologize,” Stewart said ironically, then promptly showcased video of Cramer suggesting the safety of Bear Stearns stock 5 days prior to the collapse of Bear Stearns on Mad Money’s Lighting Round. Provokingly, Jon Stewart then admitted, “He’s not saying literally ‘I’m asking you to buy Bear Stearns,’ for that you have to go back a full 7 weeks” this time showing video footage of Cramer on January 24, 2008, telling TheStreet.com TV viewers to specifically “buy Bear Stearns” stock 7 weeks before it collapsed.

The following day on March 10, Cramer responded again during a Tuesday appearance on the Today show, saying, “[Jon Stewart] is a comedian, and he’s decided to focus on some calls I made during a bull market. The guy is a comedian. Did I make a mistake? First of all, any time you recommend a stock and it goes down, you’ve made a mistake. Here’s a shocker: Almost every stock is down! Any stock you recommended is bad. You know, Warren Buffett, I could run tapes from him, he would look like a complete fool.”

The feud between The Daily Show and CNBC generated a significant amount of attention in the mainstream media. The Associated Press called the first Daily Show bit a “brutal takedown” of CNBC. Other publications, like New York magazine, defended CNBC, writing, “We doubt there’s a single news outlet that hasn’t made a misstatement regarding the economy in the past year.”

The Thursday Daily Show sketch ran the same day CNBC reporter Rick Santelli was scheduled to appear on the show, to discuss his vocal criticisms of President Barack Obama’s plans for dealing with foreclosures. Santelli cancelled the appearance, but Daily Show executives said the CNBC montage was not retaliatory and that they planned to show it before the cancellation was announced.

Monday, November 28, 2005

U.S. Representative Randy “Duke” Cunningham (R–CA) pled guilty today to conspiring to take bribes in exchange for using his influence as a member of the House Appropriations Committee to help a defense contractor get business. In total he pled guilty to one count of income tax evasion and four counts of conspiracy, namely mail fraud, wire fraud, bribery of public official and accepting bribes. U.S. District judge Larry A. Burns scheduled Cunnigham to be sentenced on February 27. He is facing up to 10 years in prison and nearly $500,000 in fines, as well as forfeiture of unspecified amounts of cash and property.

In the court hearing, Cunningham admitted to accepting “bribes in exchange for performance of official duties” between “the year 2000 and June of 2005”, taking “both cash payments and payments in kind” and following up by “trying to influence the Defense Department”.

The federal investigation against Cunningham was triggered by his sale of his California residence to defense contractor Mitchell Wade in late 2003. However, Wade never moved in and sold the house at a $700,000 loss three quarters of a year later. At the same time Wade’s company MZM won tens of millions of dollars in defense contracts. Subsequent investigations discovered more questionable business transactions, including interactions with the defense contractor ADCS. In his plea agreement he testified that, among other charges, he “demanded, sought and received at least $2.4 million in illicit payments and benefits from his co-conspirators in various forms, including cash, checks, meals, travel, lodging, furnishings, antiques, rugs, yacht club fees, boat repairs and improvements, moving expenses, cars and boats.”

Cunningham announced his resignation after the hearing. In a written statement released by his law firm O’Melveny & Myers LLP he declared “The truth is — I broke the law, concealed my conduct, and disgraced my high office. I know that I will forfeit my freedom, my reputation, my worldly possessions, and most importantly, the trust of my friends and family.”