Sunday, October 5, 2008

Independent U.S. presidential candidate Ralph Nader had harsh words for the Democrats who engineered yesterday’s passage of the Emergency Economic Stabilization Act of 2008, a bailout of the U.S. financial system. At a campaign stop in Waterbury, Connecticut on Saturday, Nader said that Democrats passed up a chance to enact re-regulation of the financial system and instead gave Wall Street everything it wanted.

According to Nader, Senator Chris Dodd (D-CT), Representative Barney Frank (D-MA), and other Democrats considered but rejected measures such as a tax on transactions of derivatives (a “speculation tax”) because of their financial ties to Wall Street and its lobbyists. He said that Representative Chris Murphy (D-CT), who represents Waterbury, had “become a toady” of Nancy Pelosi. He drew enthusiastic applause by calling Murphy “a dynamic fraud”, and referred to Senator Joe Lieberman as “the Hermaphrodite of American Politics”. For Murphy and Representative Chris Shays (R-CT), Nader said, supporting the bailout despite the opposition of constituents was a “profile in betrayal”. Because there were no public hearings where taxpayers and experts could weigh in on the bailout, Nader characterized it as a return to “taxation without representation“—under “King George IV” 225 years after the 13 colonies were taxed under King George III.

Asked about causes of the financial crisis, Nader pointed to the deregulation of the financial sector with the 1999 Glass-Steagall Act and further deregulation in 2000, as well as the rise of overly complex financial derivatives. He outlined a four-part reform plan:

1. Re-regulation of financial markets
2. Increasing shareholder control of corporations
3. Taxpayer equity as part of any bailout, as in the 1979 bailout of Chrysler Corporation
4. Making speculators pay by enacting a 0.1% tax on derivatives transactions (which Nader said will amount to over $500 trillion this year)

Regarding the equity warrants included in the passed bailout, Nader relayed word from an unnamed source that Treasury Secretary Henry Paulson had told Wall Street executives “don’t worry, it’s not enforceable”.

Nader told reporters that he had abandoned the Green Party because “Greens are not disciplined, and they’re not mature”, and also lack the fund-raising capabilities to break into mainstream political discussions. “They bicker and bicker,” he said, pushing out their best people. However, he endorsed several local Green Party candidates, including Chris Murphy’s opponent Harold Burbank.

The virtual media blackout for third party campaigns by national newspapers and networks has been a source of continual frustration for the Nader campaign, as well as the campaigns of Libertarian Bob Barr and Green Cynthia McKinney and the post-campaign activities of Republican Ron Paul. According to Nader, reporters tell him that editors of national media are “very bigoted against third party and independent candidacies”. Even journalists for taxpayer-supported media, such as National Public Radio‘s Terry Gross and the Public Broadcasting Service‘s Jim Lehrer, have shut him out during this campaign. Debates, he lamented, are controlled by corporate interests through the Commission on Presidential Debates.

Nader spoke to a supportive crowd of about 60 people and his campaign raised over $2000 at the event, their third visit to Waterbury. The event took place in the former building of a closed-down bank.

Sunday, November 6, 2016

The following is the sixth and final edition of a monthly series chronicling the U.S. 2016 presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

In this month’s edition on the campaign trail: the Free & Equal Foundation holds a presidential debate with three little-known candidates; three additional candidates give their final pleas to voters; and past Wikinews interviewees provide their electoral predictions ahead of the November 8 election.

Tuesday, September 25, 2007

All airline traffic within 250 miles of Houston, Texas was suspended today by the The Federal Aviation Administration (FAA) because of an equipment failure at the control center at Memphis International Airport.

Numerous flights from all around the country had to be grounded today because of the problem. It is not known exactly how many flights were affected.

FAA spokeswoman Kathleen Bergen said air traffic control centers from neighboring regions handled flights that were in the air when the problem was discovered around 12:30 p.m. EDT. “The airspace was completely cleared by 1:30 p.m. Eastern time,” Bergen said.

Bergen also said, “What we did is put a ground stop in place for any flight that would transition through that airspace. We held them on the ground wherever they were, whether it was Miami, Seattle, Los Angeles, Boston.”

An airport spokesman said the problem was fixed at Memphis International Airport and scheduled flights have resumed.

Tuesday, August 31, 2010 File:FrenchSpiderMan HongKong.jpg

48-year old Alain Robert, affectionately known as the ‘French Spiderman’, has climbed a 57-storey {[w|Sydney}} skyscraper without any equipment in 20 minutes. The purpose of Alain Robert’s actions was to raise awareness of global warming. Following the previous like events in other cities, he was arrested and will possibly be fined.

When Robert was 12, he climbed eight storeys to get into his flat instead of waiting for his parents to return. Since then, he has climbed over eighty buildings around the world, including the Eiffel Tower, The New York Times building, and Sydney Harbour Bridge. His hobby has, however, led to him being arrested and fined on multiple occasions—he was fined USD 750 after climbing the 41-storey Royal Bank of Scotland building in central Sydney.

His most recent climb, which he completed in twenty minutes, began at the bottom of the Lumiere building in Bathurst Street at 10:30am AEST on Monday morning. About 100 passers-by gathered to watch Robert, dressed in red trousers, a grey top, and a baseball cap, climb the building. Eleven-year-old Rachel Pepper was surprised when he saw Robert, who suffers from permanent vertigo after two accidents in 1982. “I think it’s amazing to climb that high without falling. He’s got superhuman strength.” His mother Wendy Pepper agreed, “It was a nice surprise when we turned the corner and got to see him.”

Upon reaching the top of the building, the Frenchman unfurled a banner advertising the website of The One Hundred Months campaign, which argues that 100 months after August 2008, climate change will reach an irreversible point, as onlookers applauded his feat. Robert was subsequently taken into custody at the top of the skyscraper, and charged with trespassing. Robert was granted conditional bail to appear at the Downing Centre Local Court on Friday. Robert’s agent, Max Markson, described the climb as a “wonderful achievement. He’s the best at what he does. I’m sad he’s been arrested, but hopefully he’ll get out soon.”

Friday, May 19, 2006

The 3D animated short film Elephants Dream, formerly known as Project Orange, was released to the Internet yesterday. The film is available under the Creative Commons Attribution License, allowing anyone to download, modify and distribute it. The 10-minute film has been called “the first open source movie” by NewsForge. Not only is the movie itself free content, even the computer files containing the 3D models used in the film are available under the same terms.

The project was first announced one year ago and was jointly produced by the Blender Foundation and the Netherlands Media Art Institute. The film tells the story of Emo and Proog, two men trapped inside a surreal machine world. Only freely available open source software was used to create the movie. Most of the work was done using Blender, a 3D modelling and rendering tool. The Blender Foundation is selling an extended edition on DVD, which includes subtitles in 34 languages, a Making Of documentary, commentary tracks, and all files used to create the movie.

In spite of the successful completion of the project, the Blender Foundation “has no intention to grow or expand into a company or studio” according to the project website. “Instead, the Foundation aims at endorsing and supporting activities within (educational) institutes, universities and companies.”