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Thursday, August 23, 2012

Yesterday, 1964 Summer Paralympic swimmer Trevor French died. News of his death was shared with Wikinews through the Australian Tax Office and Tony Naar of the Australian Paralympic Committee.

French, who lived in Penrith, New South Wales, was one of fifteen athletes to compete at Australia’s second Paralympic Games in 1964 in Tokyo when he won a silver medal in the men’s 25 metre freestyle event. It was the only medal he earned at the Games and one of 30 Australia earned that year. In 2000, his medal was displayed at the Our Sporting Heritage exhibition at the Arms of Australia Inn Museum.

His legacy of participation can be seen in the upcoming 2012 Summer Paralympics in London. Australia are sending 161 athletes to the Paralympics this year. The Paralympic team is expected to finish the Games having earned the country’s one thousandth medal.

Thursday, June 19, 2008

Buffalo, New York —Judge Justice Christopher Burns of the New York State Supreme Court has ordered a halt to an emergency demolition on a 19th century stable and livery on 428-430 Jersey Street in Buffalo, New York that partially collapsed on Wednesday June 11, initially causing at least 15 homes to be evacuated. At least two homes remain evacuated.

Burns orders that both the city and the group Save The Livery (www.savethelivery.com) have to come to an agreement on what to do with the building, and try to work out ways of saving at least some portions if it including the facade, side walls and a lift tower. Save The Livery is comprised of concerned area residents who have grown to love the building’s historic and unique character. On June 14, they won a temporary restraining order to stop demolition. The court ruled that the city was only allowed to remove material in immediate danger to residents and pedestrians, but stated that the demolition could only be performed with “hand tools.” The court also ordered that any rubble which had fallen into neighboring yards when the building collapsed, to be removed.

“It is in the interest of the city to have a safe environment–but also important to maintain a sense of historical preservation,” stated Burns in his ruling. Burns has given the sides until tomorrow (Friday June 20) to come to an agreement and has ordered both parties to return to court at 9:30 a.m. (eastern time) “sharp.” Activists of Save The Livery urge supporters of the stable to “fill the courtroom” to show “continued and ongoing support.” The hearing is scheduled to take place at 25 Delaware Avenue in the Supreme Court building, 3rd Floor, trial part 19.

Currently the building is owned by Bob Freudenheim who has several building violations against him because of the buildings poor condition. He has received at least five violations in three months and residents who live near the building state that Freudenheim should be “100% responsible” for his actions. Many are afraid that if the building is demolished, Freudenheim’s charges of neglect will be abolished.

On June 17, developer and CEO of Savarino Companies, Sam Savarino was at the site of the stable, discussing the building with residents and preservationists. In 2006, Savarino proposed and planned The Elmwood Village Hotel, a ‘botique’ hotel on the Southeast corner of Elmwood and Forest Avenues. The project was later withdrawn after residents filed a lawsuit against Savarino and the city. Wikinews extensively covered the story, and contacted Savarino for his professional opinion on the building.

“[I would] love to see it preserved. I was there to see if there was anything we could do to help, to see if anything can be salvaged. I just want to see the right thing happen, and so does the city,” stated Savarino to Wikinews who added that he was allowed inside the building for a brief period.

“The side walls are beyond repair. The roof has rotted and it could come down at any time,” added Savarino who also said that the building “below the second floor appears to be stable.” He also states that the back wall of the building, which borders several homes, appears to be intact.

“Eliminating the back wall could be a problem for the neighbors. It is not unreasonable to leave at least 12 feet” of the back wall standing, added Savarino.

Savarino did not say if he was interested in buying the property, but did state, “I am sure there are a couple of people interested” in buying the property. On Thursday, Buffalo News reported that a “businessman” might be interested in purchasing the property, though Wikinews is not able to independently confirm the report. Savarino says that with the property still slated for emergency demolition, a potential buyer could face tax fees of nearly US$300,000.

Freudenheim gave the city permission to demolish the building on Thursday June 12 during an emergency Preservation Board meeting, because he would not be “rehabilitating the building anytime soon.” Freudenheim, along with his wife Nina, were part-owners of the Hotel Lenox at 140 North Street in Buffalo and were advocates to stop the Elmwood Village Hotel. They also financially supported a lawsuit in an attempt to stop the hotel from being built. Though it is not known exactly how long Freudenheim has owned the stable, Wikinews has learned that he was the owner while fighting to stop the hotel from being built. Residents say that he has been the owner for at least 22 years.

The building was first owned by a company called White Bros. and was used as a stable for a farm which once covered the land around the building for several blocks. The Buffalo Fire Department believes the building was built around 1814, while the city property database states it was built in 1870. Servants and workers of the farm were housed inside resident quarters situated at the rear of the building on what is now Summer Street, but are now cottages where area residents currently reside. Some date as far back as 1829.

At about 1950, the stable was converted into an automobile body shop and gasoline station.A property record search showed that in 1950 at least four fuel storage tanks were installed on the property. Two are listed as 550 square feet while the other two are 2,000 square feet. All of the tanks are designated as a TK4, which New York State says is used for “below ground horizontal bulk fuel storage.” The cost of installing a tank of that nature according to the state, at that time, included the tank itself, “excavation and backfill,” but did not include “the piping, ballast, or hold-down slab orring.” It is not known if the tanks are still on the property, but residents are concerned the city was not taking the precautions to find out.

Friday, December 12, 2008

Top broker and Wall Street adviser Bernard L. Madoff, aged 70, was arrested and charged by the FBI on Thursday with a single count of securities fraud, also known as stock fraud and investment fraud. He allegedly told senior employees of his firm on Wednesday that his $50 billion business “is all just one big lie” and that it was “basically, a giant Ponzi scheme (since at least 2005).” Mr. Madoff faces up to 20 years imprisonment and a fine of up to $5 million. FBI agent Theodore Cacioppi said Mr. Madoff’s investment advisory business had “deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in investors’ losses of approximately $50 billion dollars.”

The former chairman of the Nasdaq Stock Market is also the founder and primary owner of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. The firm is one of the top market maker firms on Wall Street. He founded his family firm with an initial investment of $5,000, after attending Hofstra University Law School. He saved the money earned from a job lifeguarding at Rockaway Beach in Queens and a part time job installing underground sprinkler systems.

A force in Wall Street trading for nearly 50 years, he has been active in the National Association of Securities Dealers (NASD), a self-regulatory organization for the U.S. securities industry. His firm was one of the five most active firms in the development of the NASDAQ, having been known for “paying for order flow,” in other word paying a broker to execute a customer’s order through Madoff. He argued that the payment to the broker did not alter the price that the customer received. He ran the investment advisory as a secretive business, however.

Dan Horwitz, counsel of Mr. Madoff, in an interview, said that “he is a longstanding leader in the financial-services industry with an unblemished record; he is a person of integrity; he intends to fight to get through this unfortunate event.” Mr. Madoff was released on his own recognizance on the same day of his arrest, after his 2 sons turned him in, and posting $10 million bail secured by his Manhattan apartment. Without entering any plea, the Court set the preliminary hearing for January 12.

Madoff’s hedge fund scheme may rank among the biggest fraud in history. When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets. The scheme would dwarf past Ponzis, and it would further be nearly five times the telecommunication company WorldCom fraud and bankruptcy proceedings in 2002.

The Securities and Exchange Commission filed a separate civil suit on Thursday against Bernard L. Madoff Investment Securities and its eponymous founder Mr. Madoff. It was docketed as “U.S. v. Madoff,” 08-MAG-02735, by the U.S. District Court for the Southern District of New York (Manhattan). SEC, New York associate director of enforcement, Andrew M. Calamari, asked the judge to issue seizure orders on the firm and its assets, and appoint a receiver. The SEC pleads, among others, that “it was an ongoing $50 billion swindle; our complaint alleges a stunning fraud that appears to be of epic proportions.” It further accused the defendant of “paying returns to certain investors out of the principal received from other, different investors” for years. Madoff’s hedge fund business had previously claimed to have served between 11 and 25 clients and had $17.1 billion in assets under management. But virtually all of the assets were missing.

United States District Court for the Southern District of New York Louis L. Stanton on Thursday appointed Lee Richards, a Manhattan lawyer, as the firm’s receiver. A hearing is set for Friday, for a ruling on the SEC’s petition to grant plenary powers to the receiver over the entire firm, and an absolute asset sequestration.

Doug Kass, president of hedge fund Seabreeze Partners Management said that “this is a major blow to confidence that is already shattered — anyone on the fence will probably try to take their money out.”

Sunday, December 24, 2006

A unanimously passed United Nations Security Council resolution imposing sanctions on Iran has been dismissed by Iranian president Mahmoud Ahmadinejad as a “piece of paper.” Ahmadinejad said that it is in “the best interest of the West” to have a “nuclear Iran” and that Iran will not stop enriching uranium.

“It is a piece of torn paper … by which they aim to scare Iranians … It is in the Westerners’ interests to live with a nuclear Iran,” said Ahmadinejad.

Ahmadinejad also goes on to say that anyone who “backs” the U.N. resolution will “soon regret” their acts. He also added that in “February, Iranians will celebrate” the nation becoming a nuclear power.

“This resolution will not harm Iran and those who backed it will soon regret their superficial act. Iranians are neither worried nor uncomfortable with the resolution … we will celebrate our atomic achievements in February,” added Ahmadinejad.

On December 23, 2006, the U.N. stated that the resolution is “determined to give effect to its unmet 31 July demand that Iran suspend all uranium enrichment-related and reprocessing activities. The Security Council today imposed sanctions on that country [Iran], blocking the import or export of sensitive nuclear material and equipment and freezing the financial assets of persons or entities supporting its proliferation sensitive nuclear activities or the development of nuclear-weapon delivery systems,” reported the press release on the U.N.’s website.

The U.N. also said that Iran must suspend all uranium enrichment and that the sanction would be lifted if the country complies with the U.N..

“Unanimously adopting resolution 1737 (2006) under Article 41 of the Charter’s Chapter VII, the Council decided that Iran should, without further delay, suspend the following proliferation sensitive nuclear activities: all enrichment-related and reprocessing activities, including research and development; and work on all heavy-water related projects, including the construction of a research reactor moderated by heavy water. The halt to those activities would be verified by the International Atomic Energy Agency (IAEA).”

The U.N. also stated that “specifically, all States [countries] should prevent the supply, sale or transfer, for the use by or benefit of Iran, of related equipment and technology, if the State determined that such items would contribute to enrichment-related, reprocessing or heavy-water related activities, or to the development of nuclear weapon delivery systems. The Council decided it would terminate the measures if Iran fully complied with its obligations, or adopt additional ones and possible further decisions if the country did not.”

Iran also said that beginning on “Sunday morning, we [Iran] will begin activities at Natanz” which has “3,000 centrifuges” which they “will drive them with full speed” in response to the U.N.’s resolution.

“From Sunday morning, we will begin activities at Natanz, the site of 3,000-centrifuge machines, and we will drive it with full speed. It will be our immediate response to the resolution,” said Ali Larijani, the top nuclear negotiator for Iran.

The U.N. will review the resolution and Iran’s activities in 60 days.

Monday, November 30, 2009

Iran announced earlier today that it plans to build ten new uranium enrichment plants. Iranian media reported that the Cabinet approved the construction of the plants just two days after the International Atomic Energy Agency (IAEA) censured Iran for its nuclear activities.

The proposed facilities, reported to be similar to Iran’s main nuclear plant at Natanz, would vastly increase the nation’s capacity to produce enriched uranium. Iranian media quoted President Mahmoud Ahmadinejad as saying that Iran should get to the point where it can produce 250 to 300 tons of nuclear fuel each year.

“We should reach a position where we can produce from 250–300 tonnes of nuclear fuel a year. To do this we must employ new centrifuges with a higher speed,” he commented.

Ahmadinejad said the new Iranian-designed centrifuges used to enrich uranium will have higher speeds than those currently being used. He added that Iran “is not joking around with anyone” when it comes to defending its nuclear rights.

The announcement seems to make good on a warning earlier in the day that pressure on Iran would force it to reduce its cooperation with the IAEA. Parliament speaker Ali Larijani said western pressure may force parliament to review the country’s stance toward the UN nuclear agency.

Iranian Members of Parliament said that “we consider the behaviour of the IAEA to be that of double standards and political. We want it to give up this double standard which has tarnished its reputation.”

The five-plus-one group of nations working on the Iran nuclear issue — the US, France, Britain, Russia, China, and Germany — all voted Friday for the IAEA censure of Iran for defying international demands to freeze uranium enrichment and for secretly building a nuclear facility. The move appeared to take many officials in Tehran by surprise.

The tensions coincide with problems over an IAEA proposal to send Iran’s uranium abroad for enrichment, part of a plan to ease some concerns that Iran might be pursuing nuclear weapons. Iran denies the charge, saying that the programme is for civilian purposes only. The country has offered counter-proposals to the deal, but the IAEA has not accepted any of them.

An unnamed US official said that “if [the plant construction is] carried out, [it] would constitute yet another violation of Iran’s continuing obligation of suspension of all enrichment-related activities. There remains a fleeting opportunity for Iran to engage with the international community, if only it would make that choice.”

Sunday, January 10, 2010

Chinese officials have said that their country’s exports surged last December to edge out Germany as the world’s biggest exporter.

The official Xinhua news agency reported today that figures from the General Administration for Customs showed that exports jumped 17.7% in December from a year earlier. Over the whole of 2009 total Chinese exports reached US$1.2 trillion, above Germany’s forecast $1.17 trillion.

Huang Guohua, a statistics official with the customs administration, said the December exports rebound was an important turning point for China’s export sector. He commented that the jump was an indication that exporters have emerged from their downslide.

“We can say that China’s export enterprises have completely emerged from their all-time low in exports,” he said.

However, although China overtook Germany in exports, China’s total foreign trade — both exports and imports — fell 13.9% last year.

Friday, November 13, 2009

Wikinews interviewed author Marc Headley about his new book Blown for Good, and asked him about life inside the international headquarters of Scientology known as “Gold Base“, located in Gilman Hot Springs near Hemet, California. Headley joined the organization at age seven when his mother became a member, and worked at Scientology’s international management headquarters for several years before leaving in 2005.

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.