Monday, September 7, 2015

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Beaches—East York (Ward 32). Four candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Donna Braniff, Alan Burke, Sandra Bussin (incumbent), William Gallos, John Greer, John Lewis, Erica Maier, Luca Mele, and Matt Williams.

For more information on the election, read Toronto municipal election, 2006.

Wednesday, January 10, 2007

Apple Inc. today has introduced the much-anticipated iPhone at the Macworld Conference in San Francisco.

The iPhone is claimed to be “a revolutionary mobile phone” as stated on the Apple website. The device appears to be running a mobile version of the Apple operating system Mac OSX. It is approximately the same size as a 5th generation iPod, it has a 3.5-inch LCD touchscreen display that is used to access all features of the phone including number dial, as well as making phone calls. The iPhone plays music, movies, displays pictures and is able to connect to a wireless network.

Apple CEO Steve Jobs unveiled the device by walking onto the stage and taking the iPhone out of his jeans pocket. During his 2 hour speech he stated that “Today Apple is going to reinvent the phone, We are going to make history today”.

Today Apple also released their Media Center device – Apple TV. It will directly compete with Microsoft’s Media Center operating system. Apple has taken a different approach to the media center market; rather than storing content (such as movies, music and photos) on the device, Apple TV connects to a computer (Mac and Windows) over a wirless network connection and plays all content stored on that computer. This makes it substantially easier for users to organize their media content.

Thursday, October 2, 2008

A University of Calgary research team developed a new method for extracting carbon dioxide (CO₂) directly from the air — a fundamental shift in carbon capture technology enabling capture of the most common greenhouse gas from so-called diffuse sources like aircraft, trucks and automobiles that represent half of the greenhouse gases emitted globally.

Professor David Keith, Director of University of Calgary’s (UofC) Institute for Sustainable Energy, Environment and Economy (ISEEE) and a team of researchers from UofC’s Energy and Environmental Systems Group built and operated a prototype system this summer producing results that compared favourably with commercial carbon capture systems. Two ‘provisional’ patents have been filed on the technology but Keith warns there are still “many pitfalls along the path to commercialization.”

Using a process adapted from the pulp-and-paper industry that halves the cost of CO₂ air capture in their custom-built tower, Professor Keith and his team captured the equivalent of about 20 tonnes per year of CO₂ (approximately equal to the yearly output of one person in North America) directly from the air with less than 100 kilowatt-hours of electricity per tonne of carbon dioxide on a single square metre of scrubbing material.

“This means that if you used electricity from a coal-fired power plant, for every unit of electricity you used to operate the capture machine, you’d be capturing 10 times as much CO₂ as the power plant emitted making that much electricity,” explains Professor Keith.

A report co-authored by Keith in the American Chemical Society’s journal Environmental Science & Technology explains “nearly all current research on carbon capture and storage (CCS) focuses on capturing CO₂ from large, stationary sources such as power plants. Such plans usually entail separating CO₂ from flue gas, compressing it, and transporting it via pipeline to be [stored] underground.”

Using CO₂ air capture technology, “a company could, in principle, contract with an oil sands plant near Fort McMurray to remove CO₂ from the air and could build its air capture plant wherever it’s cheapest — China, for example — and the same amount of CO₂ would be removed,” says Professor Keith in a UofC press release.

“While it’s important to get started doing things we know how to do, like wind power, nuclear power, and ‘regular’ carbon capture and storage,” Professor Keith continues, “it’s also vital to start thinking about radical new ideas and approaches to solving this problem.”

ISEEE’s Executive Director David Layzell points out that “energy-efficient and cost-effective air capture could play a valuable role in complementing other approaches for reducing emissions from the transportation sector, such as biofuels or electric vehicles.”

Thursday, August 3, 2006

Preliminary tests performed on samples taken from six villagers in the Kabanjahe District of Sumatra in Indonesia have tested negative for the deadly H5N1 Avian Flu virus.

“Investigations by the ministry of health lab and Namru, too, on August 2 and 3 on all specimens collected from the suspected cases in Kabanjahe district came up negative,” said Indonesia’s health minister, Siti Fadilah Supari.

Final test results are expected in at least seven days from the Center for Disease Control (CDC) in Atlanta, Georgia. “The World Health Organization (WHO) requires human samples to be sent to one of WHO’s six collaborative centres. So, we only need to send them to CDC Atlanta as it has worked with the U.S. NAMRU-2 lab here,” added Supari.

Supari also stated that all individuals are suffering from the “common flu.”

Wednesday, March 18, 2009

United States President Barack Obama stated Monday that insurance giant AIG is in financial trouble due to “recklessness and greed,” and called for legal action to stop the company from giving out millions of dollars in bonuses to its executives.

“It’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay,” Obama said. “How do they justify this outrage to the taxpayers who are keeping the company afloat.”

Obama’s statement comes after reports surfaced last weekend saying the insurance agency, which is in deep financial trouble, had paid US$165 million to executives in bonuses, after receiving $170 billion as part of a government bailout plan.

AIG has said that the bonuses have to be given out, as the company is legally required by contract to do so. A representative with the National Economic Council, Lawrence H. Summers, also said that the bonuses were required to be given out. If AIG had refused to give out the bonuses, employees could file a lawsuit against the company for the money.

“We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses — which are now being operated principally on behalf of American taxpayers — if employees believe their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury,” AIG CEO Edward M. Liddy said in a letter addressed to Treasury Secretary Timothy F. Geithner on Saturday.

Liddy said that he asked Geithner “to use that leverage and pursue every legal avenue to block these bonuses and make the American taxpayers whole.”

“I want everybody to be clear that Secretary Geithner’s been on the case,” Obama said. “He’s working to resolve this matter with the new CEO, Edward Liddy, who, by the way, everybody needs to understand, came on board after the contracts that led to these bonuses were agreed to last year.”

If the bonuses cannot be stopped, the U.S. Congress says they want AIG to reimburse the government. Congress is looking to impose stiff new taxes on the pay, or ordering the company to return the money which was originally granted from a government bailout. In a letter to House Speaker Nancy Pelosi on Tuesday, senator Richard Shelby promised that the treasury will recover all of the money. Several U.S. senators along with Liddy have sent letters to AIG asking for the bonuses to be renegotiated, something AIG agreed to and says they will reduce future bonuses by 30%. Senators state that if Libby does not respond by renegotiating the bonuses, the Senate Finance Committee will propose an excise tax. Not only will an excise tax be proposed on AIG, but all companies receiving bailout money and their employees who receive bonuses.

Numerous House Democrats have introduced legislation which would place a 100% tax on any bonuses of over $100,000 from companies that are receiving government bailout funds. Meanwhile in the Senate, a bipartisan proposal by Max Baucus (D-Montana) and Charles Grassley (R-Iowa) would levy a special 90% excise tax on AIG’s bonuses. Asked Senator Baucus, who chairs the Senate Finance Committee: “What is the highest excise tax we can impose that will stand up in court? Let’s find out.”

Wednesday, January 9, 2008

Realising how visual a medium tattooing is, tattoo artist Kat Von D of TV series LA Ink set a world record while raising funds to fight childhood blindness. In 24 hours, Von D tattooed 400 people with an “LA” logo, in her West Hollywood, California tattoo shop.

The December event at High Voltage Tattoo drew 1000 people in line, although only 400 could get the image emblazoned on them, for a $20 donation. Most learned of the event through her MySpace profile. In all, the funds raised will help 32,000 children’s eyesight, through Vitamin Angels.

Vitamin Angels is the only organization in the world solely dedicated to eradicating vitamin A definciency among children, with the goal of warding off youth blindness by 2020. The year 2020 is chosen because perfect vision is described as “20/20“.

First in line at the event was Jose Flores, who had camped out in front of the store since 7:15 the previous evening. Doors didn’t open until 10 am, and Flores didn’t get the tattoo until Von D was done with her friends and family, including internet celebrity Jeffree Star.

A Guinness World Records official was scheduled to attend, but was caught in a snow storm.

Katherine Von Drachenberg told the Los Angeles Times that, as a teenager, she “be at the mall and parents would grab their kids and be like, ‘Honey!’ It was like that scene in Pretty Woman, where the women on Rodeo Drive think Julia Roberts is going to shoplift. Now people just come up to me more out of curiosity — everyone from grandmas to soccer moms.”

The record setting event was filmed for LA Ink, a series that airs Tuesday nights on TLC in the United States. The series is a spin-off of Miami Ink, a series featuring Von D’s previous place of employ, before she set off on her own.

The series’ second season started last night, however that particular episode will air March 4.